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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Linhua4-1 was China’s first tieback subsea development project. To develop this marginal oil field, a number of technical challenges were overcome through a series of new technologies, and their successful development and implementation. -
Project management professionals need to revise the traditional methods of evaluating the efficiency and progress of major projects, if they want to improve their performance record.
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Deepwater capital expenditure is expected to more than double compared to the previous 5 year period. Douglas-Westwood also expects a continued trend toward exploration in ultradeepwaters in depths greater than 2000 m.
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The lifespan of a huge, old oil field in Oklahoma is now linked to a fertilizer plant 68 miles away. Chaparral Energy is capturing 45 million ft3/D of carbon dioxide (CO2) that had previously been vented into the atmosphere in Coffeyville, Kansas, compressing it, and sending it via a pipeline.
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Tests showing increased recoveries in the Bakken formation using CO2 could have significant implications for the upstream oil and gas industry.
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Much like a character in a novel, a young professional can build their career character.
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A condensed version of what is on the minds of SPE’s technical directors is: The industry needs multidisciplinary, data-driven ways to adapt to what is ahead, focus on what is critical for decision making, and take a long view as another generation takes over.
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The challenges in achieving effective communication between facilities and reservoir engineers were addressed during a dinner and panel session held during the SPE Annual Technical Conference and Exhibition in October.
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Oxane Materials' advanced cerammic proppant travels farther during fracturing in larger quantities, thereby leading to smoother, higher flows of oil and gas.
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The rapid growth of progressing cavity pumps is an example of how new uses continue to emerge for older technology.
