Asset Management
The Houston-based developer of AI-powered submersible robotics earned the Best in Show Award and a $10,000 prize.
Industry fundamentals continue to strengthen as rising utilization and scarce replacement capacity support higher rig valuations.
The GRMS system of standardization and classification for geothermal resources, led by a coalition of stakeholders in collaboration with Project InnerSpace and the Society of Petroleum Engineers, will be published in November.
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US drilling and completion companies that were slashing workforces and cannibalizing pumping trucks for parts 6 months ago are now hiring crews and repairing equipment to meet rising demand. -
Various incidents that took place between Transocean, the owner of Deepwater Horizon, and BP, the company that leased the rig for use at Macondo, illustrate the gap between work-as-imagined in the drilling program and work-as-done by the well operations crew.
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Despite a turbulent time for most offshore sectors over the past 2 years, Douglas-Westwood’s latest analysis from the World Offshore Helicopters Market Forecast 2017–2021 projects USD 18 billion in oil- and gas-related expenditure over the next 5 years.
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In the first part of this series, the author explained why the current way of performing FEED does not allow minimization of costs by optimizing the design. In this article, he describes how the current contractual setup of the EPC also fails to minimize the costs of equipment/materials and works.
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In this column, Howard Duhon examines different types of complexity theory.
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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.
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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.
