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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The US rig count has inched up recently, and the driver has been the old reliable of onshore oil production, the Permian Basin. With surging production, the Permian is the only major US oil shale play to grow since crude prices began to fall. -
Helicopter operations are important in the offshore industry but accidents involving them can have fatal consequences. This paper focuses on risk mitigation during the loading/unloading task of a slickline/wireline job from various viewpoints, including the psychological aspects of the crew.
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Virtual reality technology has become a powerful training tool for companies looking to recreate real-life, on-the-job oil industry scenarios.
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A reason why projects are not completed on time is the disconnect between operators and contractors. An integrated asset approach tackles complex offshore jobs by being holistic and full field in nature and encompassing the planning, building, and operating phases of a project.
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Iraq is producing oil at record levels this year but low oil prices have cast doubts on the economic feasibility of its licensing contracts, which some analysts and policy advisers say are holding back higher output.
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Iran has surprised many global market experts with how rapidly it has increased crude oil production, following the January international agreement that lifted nuclear-related sanctions against the country. External companies get a look at new terms for production in Iran.
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An international bidding round for oil and gas announced on 1 August is Egypt’s most recent move to bolster its lackluster economy. This article examines the current state of the industry in Egypt.
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Given the cyclical nature of the industry, how might individuals and companies prepare for a potential re-emergence of the boom cycle? This article emphasizes the importance of soft skills in navigating the effects of systems and structures on human patterns of behavior.
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By using a Bayesian network, a probabilistic graphical model, in their shale operations, companies might eliminate some of the hurdles they face in these areas, an expert said at the 2016 Unconventional Resources Technology Conference.
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Researchers at Heriot-Watt University in Edinburgh, Scotland, are building replica core samples using 3D printers and installing sensors inside them as they go. Their goal is to directly monitor pore-scale flow behavior from the inside of these so-called “smart rocks.”
