Asset Management
High-risk, high-reward projects focused on stimulation, enhanced recovery, and field-scale deployment are eligible under the DOE’s new UNLOCK initiative.
Industry forecasts point to increasing upstream expenditure and production, even as geopolitical volatility and smaller discoveries challenge project economics.
The Norwegian operators will collaborate on technology development, standardization, and well-stimulation solutions aimed at making tight oil and gas resources commercially viable in the NCS.
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To overcome challenges of perception and attract young people to the talent pool, the oil and gas industry should publicize its technological achievements rather than take them for granted. -
Angola’s powerful oil and gas industry has enabled the country’s rapid growth, but an overreliance on those revenues has posed major challenges. Does a recent change of leadership mean a shift in the nation’s economic direction?
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The industry is evolving to a more factual approach to profitability, with emphasis in modeling the long-term scenarios with detail. And this applies for developments in both mature and new fields.
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Despite optimism in a shift from “lower for longer” oil prices, industry executives stressed the value of maintaining efficient operating practices.
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Rutter, Statoil Canada, and the Government of Newfoundland and Labrador completed a collaborative research and development (R&D) project aimed at improving offshore oil and gas operations in harsh environments with ice conditions.
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On 9–11 October, the Society of Petroleum Engineers (SPE) will again assemble exploration and production (E&P) professionals from around the world for the 2017 Annual Technical Conference and Exhibition (ATCE) at the Henry B. Gonzalez Convention Center in San Antonio, Texas, USA.
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Many of the biggest players in the industry—particularly the majors—have adapted their portfolios for “lower for longer” and are once again sanctioning big projects. While we are not back to the heady days of 2010–2014, we have left behind the dark days of 2015–2016.
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SPE’s annual meeting will feature leading executives from Baker Hughes and Devon as well as other industry leaders.
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Anadarko’s CEO and a company board member who heads a venture-backed software developer for artificial intelligence (AI) discuss the key role that AI will play in the oil and gas industry’s future.
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Halliburton and Microsoft believe that by working together they can step up the pace of digital transformation across the E&P industry.
