Asset Management
Talos Energy founder Tim Duncan has been named executive chairman of newly formed 1947 Oil&Gas, which will focus on acquiring and developing mature, shallow-water assets through its buyout of Renaissance Offshore. The deal is expected to close in Q2 2026.
Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
The following three papers show challenges and potential solutions across various stages of the deepwater well-development cycle from a variety of deepwater basins across the world.
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As the debate continues about oil prices and supply and demand, the SPE Production and Facilities technical director examines data published by various organizations on the short- and long-term industry outlook. -
A recently opened plant in Wharton marks the first small-scale commercial gas-to-liquids project in the state of Texas.
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Though crude prices are rising, US shale producers face questions over whether their improving oil production results and cost efficiencies will last as increasing drilling activity drives demand for oilfield services.
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A recently launched joint industry project (JIP) is working to improve petrophysical analysis methods to reduce the time and expense of characterizing tight sandstone gas reservoirs for exploration, appraisal, and production.
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This paper describes how an exploration-and-production company successfully developed and applied a qualitative risk-based abandonment-prioritization strategy for an inventory of inactive subsea wells.
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Investment in digital technologies may increase project efficiency and reduce costs. However, Technip’s chief executive officer (CEO) said it is equally important to strengthen relationships with companies along the supply chain.
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Enrollment in US petroleum engineering programs have peaked and are on the downslide, matching the short-lived surge in the 1980s, when a generation of engineers were graduated.
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Many column inches are filled with discussion of how companies need to operate in the lower-for-longer market that the upstream oil and gas industry continues to face.
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A number of ongoing industry research projects are developing nanoparticles that work at the reservoir level and for fluid treatment. Though they may be a few years away from finalization, these efforts highlight nanotechnology’s increasingly sophisticated and growing application scope.
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This article is a summary of the 2016 follow-up paper on carbon capture and sequestration, one of the five grand challenges to the industry identified by the SPE R&D Committee in 2011.
