Asset Management
The Houston-based developer of AI-powered submersible robotics earned the Best in Show Award and a $10,000 prize.
Industry fundamentals continue to strengthen as rising utilization and scarce replacement capacity support higher rig valuations.
The GRMS system of standardization and classification for geothermal resources, led by a coalition of stakeholders in collaboration with Project InnerSpace and the Society of Petroleum Engineers, will be published in November.
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Short-cycle projects allow owners and operators to stay financially stable while preserving the production infrastructure and capacities needed to expand quickly when oil prices improve. -
Before you head to OTC 2017, make plans for the event’s best opportunities for professional networking and to learn about the array of new technologies pushing their way into the business.
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New figures show that the facilities working in the Gulf of Mexico achieved higher crude output in 2016 than at any other period.
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Oil production from the Canadian oil sands is big, growing, and its future is in doubt. The problem is the cost and time required to develop new production is not competitive now. While some big international oil companies are selling out, others are focused on changing the economics of growth.
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In North America’s most active shale fields, the drilling and hydraulic fracturing of new wells is directly placing older adjacent wells at risk of suffering a premature decline in oil and gas production.
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Things are so tough in the Canadian oil sands that competitors are considering whether to start sharing some of what they know about producing more and doing it for less. Collaboration should speed progress for everyone, but companies with something to give are looking for something in return.
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This paper presents a novel approach to generate approximate conditional realizations using the distributed Gauss-Newton (DGN) method together with a multiple local Gaussian approximation technique.
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This paper presents a comparison of existing work flows and introduces a practically driven approach, referred to as “drill and learn,” using elements and concepts from existing work flows to quantify the value of learning (VOL).
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This work presents a systematic and rigorous approach of reservoir decomposition combined with the ensemble Kalman smoother to overcome the complexity and computational burden associated with history matching field-scale reservoirs in the Middle East.
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A Houston-based energy consultancy concludes that a series of downturn deals have contributed more to the resiliency of the US shale sector than a rise in oil prices.
