Asset Management
Three wind projects planned to produce around 300 MW have entered the execution phase under a partnership with OMV Petrom and RNV Infrastructure.
A Dallas Fed survey update suggests few executives foresee a strong US production response, even with oil prices above $90/bbl.
The US Department of Energy and Pennsylvania Department of Environmental Protection will convert a horizontal Utica Shale gas well into an enhanced geothermal system. Building directly on horizontal drilling and completion practices developed in the Utica, the project will include evaluation of optimal well orientation, lateral placement, and spacing.
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Apache has announced the extension of life-of-field contracts between its North Sea subsidiaries and PD&MS Group, Global E&C, and Wood Commissioning Services. The extensions cover the provision of ad-hoc design, engineering, procurement, construction, and commissioning services across the Beryl and Forties fields. Apache, which has been working with the companies sinc…
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The move to split oversight of Aramco from the Energy Ministry ends decades of tradition but is designed to avoid conflicts of interest ahead of what could be the largest IPO in history. -
Recent exploration success in the North Sea has motivated Total to invest some $10 billion in the basin over the next 5 years.
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With Norwegian authorities giving the go-ahead for startup, oil shipments from the massive Equinor-operated North Sea field could begin as soon as October, one month ahead of schedule.
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Technology is an enabler. But why do some technologies get deployed while other seemingly superior technologies struggle to get traction?
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After the oil price downturn, operators placed renewed emphasis on spending discipline, in drilling, project costs, and balance sheets. For some, that was a different metric: return to shareholders over production growth.
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Colombia is walking a thin line between becoming another fading petroleum province and Latin America’s next big success story. Its aces in the hole: unleashing its nascent offshore and unconventional sectors.
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The growing popularity of model-based optimization work flows has resulted in an increase in their application to field cases.
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The complete paper discusses a study in which the authors propose a joint field-development and well-control-optimization work flow using high-performance parallel simulation and commercial cloud computing.
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The complete paper describes a physics-based model of interference and a sensitivity study to propose guidelines for well spacing and a drilling timeline for multiple horizontal wells in the Vaca Muerta shale.
