May 2019 | Volume 71, Number 5
Offshore: Making a Comeback After the Downturn
Could 2019 be a bumper year for offshore energy development?
Data Is Not Scarce, but Oil Companies Hoard It as if It Were
A growing number of oil industry leaders are saying that data sharing across the industry is needed, but change is coming slowly.
Looking for Fracturing Sand That Is Cheap and Local
The very first fracturing job used sand scooped from a nearby river. After decades of buying sand based on tight size standards, unconventional operators are increasingly going back to a broad range of sizes, similar to that river sand.
Shale EOR Delivers, So Why Won’t the Sector Go Big?
There is every reason to believe that enhanced oil recovery through huff-and-puff injections in US tight-oil plays could be a technical success across large numbers of wells. However, widespread economic success remains uncertain.
OTC Names Winners of Spotlight on New Technology Awards
The Offshore Technology Conference selected 15 new technologies for its 2019 Spotlight on New Technology Awards. The annual awards program recognizes innovative technologies and companies to showcase the latest advances in offshore exploration and production.
09 April 2019
Keith Palmer, SPE, has been promoted to executive vice president–product lines at Expro and will be .......Read More
PTTEP to Buy Murphy Oil’s Malaysian Business for $2.1 Billion
Thailand’s PTTEP is doubling down on Malaysian oil and gas in an effort to broaden its reach in its native Southeast Asia.
Global Oilfield Services Market Won’t Recover Until 2025
The financial effects of the downturn are set to last at least a decade—which puts the industry almost at the halfway point. This is according to a new report that says the FPSO market is the most “unscathed” of all the service segments.
Shale Pioneer: Hard Ceiling on Production Growth Coming
The complicated parent-child relationship in US shale fields is emerging as a turning point in the US shale revolution. One of the first executives to exploit tight oil says the issue will reverse the sector’s cumulative growth rate by 2025.
Shale CEO on Parent-Child Challenge, Well Declines: We Know
Encana CEO Doug Suttles assures that shale executives are acutely aware of the parent-child well challenge, and he doesn’t think it’s “a big threat” to the sector.
ExxonMobil, Chevron Target Nearly 2 Million BOE/D in Permian Production
The US majors plan to produce around 1 million BOE/D each from the basin, which has become a primary focus of their upstream operations.
Well Integrity Section Head, Karachaganak Petroleum Operating
Subsurface and Wells Support and Deployment Manager, Americas, Shell
Bernt S. Aadnøy
Professor of Petroleum Engineering, University of Stavanger
Multilateral and Complex-Trajectory Wells
The oil industry is currently undergoing a technological transformation that will add value, improve processes, and reduce cost. Future drilling engineers will have knowledge of robotics, automation, and organizational efficiency, which is highly appealing for recruitment.
Principal Engineering Instructor, Schlumberger
Cementing and Zonal Isolation
I am encouraged that we, as an industy, continue to refine and tweak our practices to solve zonal-isolation and cementing challenges in every well environment in which we work. As cementing techniques are improved, so, too, are the cement-evaluation methods and work flows.
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ON THE COVER
2019 SPE President
Circular Economy: A Sustainability Innovation and Solution for Oil, Gas, and Petrochemical Industries
The developed world must no longer tolerate the buildup of mountains of waste while other places in the world, especially in underdeveloped countries, lack access to energy, food, clean water, and clean air.
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