Asset Management
Argentina’s President Javier Milei met with TotalEnergies CEO Patrick Pouyanné and Eni CEO Claudio Descalzi in Paris to discuss Argentina’s energy sector, including projects linked to the Vaca Muerta shale formation and the development of the Argentina LNG export project.
Known as Arena, the collaboration aims to improve decision-making across increasingly complex reservoirs and growing volumes of subsurface data.
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…
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This week the US Geological Survey (USGS) reported that the Wolfcamp shale holds 20 billion bbl of technically recoverable oil. This builds on other active formations in the Permian Basin, where nearly half of US active rigs are operating. -
The US Energy Information Administration argues "downturn" may no longer be the right term.
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Since the recent oil price downturn, the offshore MMO market has witnessed a significant decline in global expenditure. The most severe decline in total regional expenditure is anticipated to occur in North America, with modifications expenditure forecast to drop by 56% between 2014 and 2016.
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The five top offshore producing nations produce 43% of all the oil offshore.
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SPE Production and Facilities Technical Director Hisham Saadawi shares the discussion from the annual ATCE PFC dinner panel on the topic “Integration Between Facilities and Subsurface Engineers: Crucial in an Era of Low Price Oil.”
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Reducing the complexity and controlling the cost of major offshore projects are together one of the biggest challenges facing the oil and gas industry.
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The opening of Mexico’s oil and gas sector was a landmark moment in the industry, but despite the potential upside, the uncertainty and risk surrounding unfamiliar offshore territory in a volatile price market kept many potential investors at bay.
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Petroleum industry professionals reported an average calculated total compensation of USD 185,001 in 2016, less than reported in previous years, according to the latest annual SPE Salary Survey.
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Kashagan crude reached the global markets. The world’s most expensive upstream project restarted production and about 195,000 barrels, produced during the startup process, were shipped for export.
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The outlook for the US onshore oil business is looking better, which is not to say it is looking up. Recent surveys by the Federal Reserve banks of Kansas City and Dallas indicated the industry had stabilized after a long period in critical condition.
