ConocoPhillips To Acquire Canadian Unconventionals in Montney Shale
The all-cash deal bucks a recent trend of international oil companies divesting of Canadian assets and adds 15,000 B/D of production to the buyer’s total.
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.
No, This Bust Doesn’t Feel Familiar
So many unprecedented changes have occurred in the Canadian oil business that it is impossible to compare the current downturn to anything seen before.
Production Lifting Costs Shrinking
The savings result in part from the depreciation of global currencies against the US dollar, as most operating expenses in oil and gas production are realized in local currencies. Brazil leads in savings.
ConocoPhillips to Voluntarily Cut Production, Reduce Cash Uses; Weatherford to Delist from NYSE
Financial Fallout: For two big companies, tougher times call for tougher actions.
Tackling Carbon Emissions on a Grassroots Level
Alberta carbon conversion challenge yields potential GHG reduction of millions of metric tons per year.
Canadian Drilling To Drop Further in 2020
Canadian drilling activity has fallen measurably in 2019, and the outlook is even worse for 2020, according to a forecast from the Petroleum Services Association of Canada.
Third Oil Spill Reported Off Newfoundland and Labrador
Production from the Hibernia platform was shut down again on 17 August after its second oil spill in a month, while Husky Energy began to ramp up output from the White Rose field following the largest-ever spill off Canada’s easternmost province.
Canadian Oil Business Gets More Canadian as Devon Exits
Devon Energy and its debt gets smaller, as Canadian Natural Resources adds to its huge, long-term bet on Canadian heavy and ultra-heavy crude.
Effects of Completion Design on Thermal Efficiency in SAGD
This paper uses a simulation model to evaluate and compare the thermal efficiency of five different completion design cases during the SAGD circulation phase in the Lloydminster formation in the Lindbergh area in Alberta, Canada.
Improved Monitoring System for Heavy-Oil Steam-Assisted-Gravity-Drainage Wells
The complete paper provides an overview of the development of fiber-optic sensing for steam-assisted-gravity-drainage (SAGD) applications, including a review of more than 10 years of work in development and field applications in western Canada.
Hebron Field Begins Producing 37 Years After Discovery
The Hebron field off the east coast of Canada has begun production 37 years after it was discovered. Production is expected to peak at 150,000 B/D and ultimately yield about 700 million bbl of oil over the field's life.
The Future of the Oil Sands Depends on One Thing: Totally Rethinking Everything
Oil production from the Canadian oil sands is big, growing, and its future is in doubt. The problem is the cost and time required to develop new production is not competitive now. While some big international oil companies are selling out, others are focused on changing the economics of growth.
Moving On: Shell and Marathon Oil Announce Major Divestment of Canadian Oil Sands
The deal will transfer nearly 2 billion bbl of reserves to Canadian Natural Resources while bolstering Shell's downstream and carbon-capture role in support of oil sand development.
Making Big Data Part of the Routine
The potential of big data depends on the ability of companies to change the habits of its users.
Innovation Suffers From Bloated Expectations But With USD 50 Oil It is an Essential Skill
Innovation is required, but it is not a super-power allowing engineers to effortlessly vaporize long-standing challenges.
Canadian Exploration Growing Again As Engineering Challenges Loom Large
SPE conferences in Calgary examine the challenges of finding and producing heavy oil and unconventional hydrocarbons at a time when Canadian producers are feeling exceptional price pressures.
Shell Stays Committed to Shale Opportunities
Shell has reaffirmed its commitment to the shale business and views it as a growth opportunity moving into the 2020s
Chemical EOR for Heavy Oil: The Canadian Experience
Chemical enhanced-oil-recovery methods such as polymer and alkaline/surfactant/polymer (ASP) flooding are generally not considered suitable for oil viscosities greater than 100 or 200 cp.
Solvent-Enhanced Steamdrive: Experiences From the First Field Pilot
The addition of a hydrocarbon condensate to steam operations in heavy-oil and bitumen reservoirs has emerged as a potential technology to improve not only oil recovery but also energy efficiency.
Shale Revolution Revisits the Energized Fracture
A growing chorus of suppliers, researchers, and service companies is persuading US operators to re-examine their use of slickwater in shale plays and consider displacing it with carbon dioxide and nitrogen.
Renewing Mature Shale Wells Through Refracturing
Some operators are returning to their North American mature unconventional shale wells to refracture, or restimulate, the rock to accelerate production and enhance ultimate recoveries.
Slurrified Heavy-Oil-Reservoir Extraction as a Recovery Method
This paper presents a concept for recovery in Canadian oil sands that uses water injection to condition a reservoir interval sufficiently to relieve the overburden stress on the oil sand and increase its porosity and permeability.
New Uses Keep Emerging for A Deceptively Simple Pump
The rapid growth of progressing cavity pumps is an example of how new uses continue to emerge for older technology.
Review of Water Use at Canada’s Oil Sands Points Toward Environmental Sustainability
Concerns have been expressed and published about the amount of water used in Canada’s oil-sands industry.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
19 October 2020
26 October 2020