June 2020 | Volume 72, Number 6
Hard Times in Canadian Oil Could Be Useful Experience
Its reward for years of struggling to adapt to low prices and weak demand for its oil and gas has been an epic crash. Canadians selling change say it is time to consider possibilities that seemed inconceivable in the past.
ESG and Energy Transition: Balancing Values in a Post-Pandemic World
Environment/social/governance (ESG) represents the integration of human values into the financial value of investments. The energy industry that emerges from the COVID-19 pandemic will be different from the one that entered it.
Autonomous Valve Controls Excess Water, Gas Production To Increase Oil Recovery
Autonomous Inflow Control Valve technology demonstrates significant benefits within first year.
OTC 2020 Tech Papers Offer a Look Into the Future of Offshore
The Offshore Technology Conference was cancelled for the first time ever due to the COVID-19 pandemic. But the flow of ideas continues. As proof, this curated summary of technical papers highlights unique concepts that might someday reduce the offshore sector’s heavy cost burdens.
OTC Names Winners of Spotlight on New Technology Awards
The Offshore Technology Conference (OTC) selected 12 new technologies for its 2020 Spotlight on New Technology Awards. The annual awards program recognizes innovative technologies and allows companies to showcase the latest advances in offshore exploration and production.
ADNOC’s New CTO Shares Innovation Philosophy
Alan Nelson is not only the new chief technology officer at ADNOC, he is the company’s first person to hold the title at the integrated oil company.
Texas Says No to Oil Production Quotas, Yes to Well-Plugging and Pit-Cleanup Delays
The Texas Railroad Commission finally ended its uncomfortable flirtation with limiting production by declining to set quotas, but it changed rules to speed oil storage construction and allow companies to conserve cash by giving them more time to plug wells and clean up waste pits.
The Great Shale Shut-In: Uncharted Territory for Technical Experts
As tight-oil producers move to curtail production, hard-to-answer questions are being raised about how shuttered wells will come back. The issue reveals key uncertainties about the delicate flow paths that define unconventional reservoirs.
01 June 2020
Hege Kverneland, SPE, retired as corporate vice president and CTO at NOV. Kverneland joined NOV thro.......Read More
01 June 2020
Tullow Oil appointed Rahul Dhir, SPE, as CEO and an executive director of the group, effective 1 Jul.......Read More
01 June 2020
David Reid, SPE, was appointed CTO at NOV. He succeeds Hege Kverneland, SPE, who retired as corporat.......Read More
In Memoriam: William (Ben) Cline
11 May 2020
William Benjamin (Ben) Cline IV, SPE, died 19 April. He was 87. Cline is the cofounder of Gaffney, C.......Read More
TGS Surveys in Russian Sea and West Africa
TGS, with the support of TGS’ Russian partner DMNG, has completed its second phase of processing in the Russian Sea of Okhotsk.
Lebanon Comes Up Empty in Offshore Exploration
No gas or commercial reservoirs have been found in the first-ever exploration well off Lebanon’s coast, according to Energy Minister Raymond Ghajar and the Total exploration firm.
Petrobras Hits Second Oil, in Campos Basin
Brazil’s Petrobras has found oil in an exploratory well located in the Sudoeste de Tartaruga Verde block, in the Campos Basin.
Natural Gas Rig Count Plunges to Lowest Level in 4 Years
The number of active natural gas rigs in the US fell further to 80 on 8 May. The number had dipped to 85 on 21 April, the lowest number since August 2016, according to the Baker Hughes rig count.
PTTEP Makes Two Discoveries Offshore Mexico
Thai energy company PTT Exploration and Production announced two deepwater oil discoveries in the Salina Basin, offshore Mexico.
ExxonMobil, Chevron Slash Permian Spending
US oil producers ExxonMobil and Chevron announced they are tightening output, for combined global shut-ins of 800,000 B/D, in response to plunging crude prices and shrinking fuel demand.
US Fracturing To Face Worst Declines Ever
The oil market is likely facing the largest monthly drop in fracturing activity ever recorded in the US, according to Rystad Energy analysis.
Pandemic, Falling Oil Prices Threaten Global Licensing Rounds
Exploration commitments are expected to dwindle in the current market environment.
Principal Engineer, Oceaneering International
Petroleum Engineering Consultant, Saudi Aramco
Manager, Gasflood, Shell
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ON THE COVER
2020 SPE President
Acting JPT Managing Editor
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