Asset Management
New insights from Chevron, Occidental Petroleum, and others at the SPE Improved Oil Recovery Conference highlight the different paths companies are using to squeeze more out of tight rocks.
An update on SPE’s path to financial sustainability: stronger revenues, new partnerships, and emerging opportunities—from geothermal initiatives to AI-driven licensing—are improving the outlook. While challenges remain, recent progress highlights a more resilient Society and a forward-looking strategy focused on long-term member value.
Since the US arrested and removed Venezuelan President Nicolás Maduro on 3 January 2026, all eyes have turned toward the country’s vast oil reserves, the largest of any country. From 2005 to 2024, oil production in Venezuela fell by 70%, from 3.1 million B/D to just 0.9 million B/D. The race is on to bring production back, but aging infrastructure and expatriation pre…
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This paper presents an efficient mathematical optimization method for well placement that maximizes contact with the productive zones for the best locations in the reservoir. -
This article is the fourth in a Q&A series from the SPE Research and Development Technical Section focusing on emerging energy technologies. In this piece, David Reid, the CTO and CMO for NOV, discusses the evolution and current state of automated drilling systems.
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Oil and gas experts encourage human/AI partnerships that can “supercharge” capabilities to create competitive advantages.
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Updates about global exploration and production activities and developments.
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The US supermajor is using one of its lowest-value hydrocarbon products to generate double-digit production increases in its most prolific US asset.
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Jennifer Miskimins will take office as 2026 SPE President during the 2025 SPE Annual Technical Conference and Exhibition in October. She shares her views of the challenges facing our industry and SPE members, her outlook for our industry, and what her goals will be during her presidency.
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While new imaging capabilities are rejuvenating old data so explorers can discover hydrocarbons, finding and developing reserves is increasingly complicated.
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The transaction adds 267,000 net acres and nearly 140,000 BOE/D from Vital Energy, lifting Crescent into the top 10 largest US independents.
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The latest acquisition strengthens Cenovus Energy’s position as Canada’s largest SAGD producer.
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Contractor realizes big gains on divestment of business unit owned less than a year.
