Asset Management
Robotic and autonomous systems are transforming energy operations, but their full value emerges only when paired with data science, engineering analytics, and AI/ML to turn data into decisions. The transition of the SPE Robotic & Autonomous Systems Technical Section into the SPE Data Science & Engineering Analytics Technical Section helps bridge this critical technolo…
The Absheron gas field expansion will supply additional natural gas to Azerbaijan’s domestic market and support its export commitments to Turkey, allowing Baku to stay focused on meeting its gas export obligations to Europe.
Trafigura will purchase 100,000 metric tons of battery-grade lithium products under a decade-long take-or-pay contract valued at over $2 billion.
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The deal is part of BP’s plan to divest $10 billion in the North Sea so that it can focus on developing core growth areas and construct more cost-effective subsea tiebacks in the region. -
A significant discovery of oil off Suriname increases the odds that major oilfields off Guyana will extend across that international boundary.
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The company will shell out more than $800 million to acquire interests in the Andrew and Shearwater areas, as well as the Tolmount field, offshore Scotland.
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As capital markets dry up and shale producers look for pathways to growth, oil and gas data analytics firm Enverus predicts the US sector will see a “surge” in mergers and acquisitions in 2020.
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BW Offshore has signed an extension with Eni subsidiary Nigerian Agip Exploration for the use of the Abo FPSO until the end of 4Q 2020, with options until 4Q 2021. The FPSO has operated at the Abo field offshore Nigeria since 2003. It has a production capacity of 44,000 B/D of oil, a water injection capacity of 33,000 B/D, gas compression capacity of 48.4 MMcf/D, and …
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Merging new knowledge and technological capabilities among the disciplines—and beyond—will be crucial to sustaining the industry for the long term.
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Heavy production spiked in two Canadian wells heated by an electric cable, but it is hard to find customers there at a time when Canadian oil prices and customers remember cables in the past that died young.
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In my first column of the new year, I want to discuss my focus area of Strengthening the Feedstock of Incoming Talent because I believe that our industry needs a change in direction in order to succeed with this ambitious goal.
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The complete paper explores technical and economic development options to produce heavy-oil resources at commercial rates and showcases three optimization scenarios of higher recovery efficiency aimed at increasing net present value at the basin level.
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This paper focuses on the preparation for, and implementation of, well-control training, while highlighting the integration of people skills into curricula and what advantages operators and drilling contractors have obtained.
