Asset Management
Winners of Alberta's Drilling Technology Challenge cover a range of technologies from robotics to enhance drilling rig safety to AI-enabled energy management, downhole sensing, well navigation, hybrid power systems, and geothermal energy.
The transaction broadens the company's North Sea footprint with long-life assets that boost production and reserves.
Sponsored
Effective data analysis depends on seeing connections that matter. Explore how Spotfire enables a more intuitive approach to understanding petroleum data.
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Given the inherent differences in projects, the author discusses how can standardization be used to avoid creating each one from scratch, and what the benefits of standardizing might be for the industry. -
Low oil prices look like something the industry needs to get used to. “This will be with us for a while,” said Rex Tillerson
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The price declines for oil and natural gas are equally brutal, with roughly a 50% decline for both fuels.
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Bitumen is so viscous that the ultraheavy crude oil is often compared to peanut butter.
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Veros Systems is selling simplicity. The electric machine monitoring company promises accurate warnings of problems long before they occur, with a minimum of monitoring equipment to install.
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Researchers at Rice University in Houston are hoping their new theory on composite properties may help the oil and gas industry reduce the time it takes to develop and test new materials.
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Operators have announced reduced budgets and delayed deepwater project sanctions. Despite these reductions, the long term outlook is for increased deepwater spending.
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Project managers for megaprojects that will take years to complete require special skills to deal with the many challenges. As a result, engineering and construction firms report a shortage of project managers.
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In a recent webinar, the speaker discussed mistakes companies make when prices are falling along with steps to help manage project costs in difficult economic times.
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The Asia Pacific region is expected to be the fastest-growing region in deepwater development in the next 5 years.
