Management
The Middle East’s largest unconventional gas development officially begins production as Saudi Aramco targets 6 million BOE/D of gas and liquids capacity by 2030.
While physical damage to energy infrastructure has so far been limited, analysts caution that a prolonged conflict could drive prices higher even as OPEC+ proceeds with planned incremental supply increases.
The integrated field management services contract signals an evolution of KBR’s role at Majnoon from one of stabilizing production to a more complex and sophisticated role that takes responsibility for integrating full upstream operations.
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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. -
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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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.
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Schlumberger and Weatherford are forming a joint venture to tackle the North American unconventionals oilfield services market.
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India will test whether it can reach its ambitious goal of reducing oil and gas imports by 10% by 2022 with an upcoming auction of oil properties.
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Technology that allows researchers to see stress forming inside rock samples may help unravel some of the mysteries associated with fracture behavior.
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IEA Executive Director Fatih Birol told oil E&P leaders at the IHS CERAWeek conference to invest now to prevent an oil supply shortage in several years.
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Getting a good well for a field test can make or break a new idea. A government backed research group in Saskatchewan is offering up to CAD 100,000 break on royalty payments to test ways to extend the life of conventional, heavy-oil fields.
