Risk management

With funding opportunities improving, developers and researchers are focused on shortening project learning cycles and reducing uncertainty to attract more capital and speed deployment.

The latest edition of ISO 20815 extends the petroleum industry's production assurance and reliability management framework to carbon capture, hydrogen, ammonia, and wind assets.

Panelists at the SPE Subsea Well Intervention Symposium discussed where AI is delivering value today, where risks remain, and how engineers can best determine its usefulness.

Oil prices are high, but spending has not caught up—yet. Meanwhile, exploration strategies are changing around the world toward a lower-risk model, and the frenzied pace of US M&A has very much cooled off.

With millions of wells having been drilled in the US since the beginning of the oil age, the land is pocked with old, unused wellbores. For most, repurposing is a pipe dream. Plugging is the best option.

This contributed article highlights the growing importance of fiber-optic sensing and its potential to advance thanks to emerging quantum technologies.

As drilling operations become increasingly digital, computer vision is emerging as a continuous safety layer that complements, not replaces, established safety practices. The challenge is no longer whether artificial intelligence can detect hazards, but how operators should deploy, integrate, and govern these systems to improve safety without adding operational comple…

This article from the SPE Integrated Reservoir Management Technical Section (IRMTS) addresses decisions that look stronger than they are and take longer to implement than the reservoir can afford.

As managed pressure drilling gains traction, its principles are influencing a wider range of well-construction activities.

This paper explores how artificial intelligence (AI), cognitive models, and integrated digital tools can transform readiness from periodic drills into a continuous, measurable capability.