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LATEST NEWS
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.
Industry Ingenuity and Care in a Crisis
Now more than ever, safely managing the role of digitalization and the demand for decarbonization while efficiently balancing the books will be critical for companies to survive and thrive.
ESG and Energy Transition: Balancing Value and 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.
Reservoir Commentary: Potential Implications of Long-Term Shut-Ins on Reservoir
New commentary from the SPE Reservoir Advisory Committee (RAC) provides key high-level insights on the potential consequences of long-term shut-ins on conventional and unconventional reservoirs.
India Looking To Store Oil in the US Petroleum Reserve
India may be the second country to lease space in the US SPR. Capacity at the SPR has been building for the past 5 weeks.
As Upstream Investments Plunge, Risk of A Market Swing Rises
A new report from the IEA forecasts the global oil and gas industry will suffer a $1-trillion loss in revenue as a global pandemic saps demand and crushes prices. It might also set the stage for a price swing in the next few years.
Schlumberger To Restructure Business Units
Schlumberger plans to restructure by focusing on basins and divisions in line with customers’ E&P workflows.
Prudent Ways to Restart Big Projects in Post-Pandemic World
Delays and disruptions have stymied project plans in the past few months. How will companies prevent current stresses from morphing into catastrophic issues?
China’s Oil Demand Shows Signs of Recovery
Gasoline and diesel demand are set to increase YoY beginning in Q3 2020.
Hydrogen Market Expected To Surge
Senior oil and gas professionals see hydrogen as a significant part of the global energy mix by 2030.
SPONSORED CONTENT
White Paper: Surface Your Data—A Manifesto for Data Liberation in Subsurface & Drilling
To optimize decision-making, minimize risk, and create value, oil and gas companies can turn to liberated, contextualized data. For exploration or drilling, liberated, contextualized data can help the upstream industry make trustworthy decisions that save time and costs. This paper explains how.
Video: Leading Experts Liberate Data for Subsurface and Drilling
For surveying, exploration, analytics, and a whole host of processes, liberated, contextualized data tailored to the environments of E&P subsurface will empower confidence, speed, reliability, agility, and most importantly, innovation. This is how Aker BP is doing it.
Innovative Casing Flotation Device Adds Recoverable Gas Value in Appalachian Basin Well
This article highlights a technology that helped one operator add $120,000 to its incremental gas recovery.
Trace a Path To Reduce Capex and Maximize Recovery
Developing a reservoir with current capex constraints requires innovative technology to provide reliable reservoir production insight. This article describes how chemical tracer technologies can be integrated into reservoir development plans to reduce risk, minimize capex, and maximize ROI.
MONTHLY FEATURES
Feeding the Growing Appetite for Reality-Based Drilling Data
Drilling still depends on human judgment to solve many problems. Some of the problems are big, and others are related to niggling details. This article discusses three innovations aimed at improving the data flows.
Offshore Enters Uncharted Waters
For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.”
Three Money-Saving Ideas To Frac Faster
Faster drilling speeds have become one of the major obsessions of the shale sector in recent years. But since completions represent up to 70% of a new well’s cost, maybe this side of the business needs more attention now.
TECHNOLOGY FOCUS
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Alex CrabtreePrincipal Engineer, Oceaneering International |
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Frank ChangPetroleum Engineering Consultant, Saudi Aramco |
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Stephen GoodyearManager, Gasflood, Shell |
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PRESIDENT'S COLUMN
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Shauna Noonan2020 SPE President |
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SPE Tech Talks
Video: SPE Talks Leadership
SPE leaders share their insights on how COVID-19 and the low oil price environment are affecting the oil and gas workforce, the SPE, and future industry interaction, including academia.
Interview With George King: Better Practices for Well Shut In and Startup
The industry has very limited experience in shuttering production on a large scale in unconventional reservoirs. Many questions remain on how stimulated, nanodarcy shale reservoirs may respond. George King discusses the paradigm shifts needed in the industry.
Exploring ADNOC's Digital Future With Its First CTO
Hear first-hand from the first-ever Cheif Technology Officer at the Abu Dhabi National Oil Company, Alan Nelson, about the integrated operator's digital transformation strategy.
Video Interview: Implications of Negative WTI
On 20 April, a historic drop of oil prices occurred. WTI futures contract dove into negative territory for the first time ever.
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