TOPICS OF INTEREST
DNV GL Launches Industry’s First Recommended Practice for Digital Twins
A systematic approach to ensure quality assurance is intended to build confidence and accelerate the uptake of digital twins.
Shell and Baker Hughes Venture Going Big on Methane-Hunting Drones
After 2 years of testing, Shell is going all in on using high-flying technology to catch methane leaks to reduce its overall emissions to less than 1%.
Total Launches Mero Phase 3 Offshore Brazil
Operators celebrate first major deepwater project sanctioned since the early-2020 oil crash.
ConocoPhillips CTO: The Shale Revolution Will Be Digitized
Greg Leveille said he is optimistic that the shale sector will be able to bounce back from its second downturn in 5 years. The trick this time, he says, will be not just investing in new digital technologies but putting them to work.
Major Operators Submit Plans for Northern Lights JV
An investment decision this year would sanction Norway’s first CO2 storage project. Phase 1 is expected to be operational in 2024.
Industry Faces Long Road to Recovery
Leaders of Rystad Energy went online recently to talk about the effects of the coronavirus pandemic on the oil and gas industry, and the prognosis isn’t good.
Shale Producer Partners with Analytics Firm To Stop Overbilling and Fraud
Concho Resources and Enverus say turning to automated software for tracking invoices could save the upstream business many millions of dollars.
Flowing Shale Wells Sooner Would Add Billions to Sector Cash Flow
The time it takes for a shale producer to drill a well has been a major focus for the past decade. A new report says the industry should place equal weight on how long it takes a well to actually deliver first oil.
For Subsea Technology, “Necessity is the Mother of Invention”
Subsea advancements in the works include longer tiebacks, an underwater drone that lives on the seafloor, and a robotic manifold capable of actuating dozens of valves. Do these new capabilities, born of necessity, signal a sea change in industrywide technology development?
Interwell EOR Pilot Proves Advantages of Polymer Flooding
This paper discusses an enhanced-oil-recovery (EOR) polymer-flood pilot at the Captain field in the UK North Sea during 2011–2013.
Idle Drilling Rigs Actually Require a Lot of Work
When a rig is stacked, its owner has two choices: spend millions to keep it in good shape, or let it rust out. These two companies describe what it is like to maintain their assets for the day that a contract comes.
OTC Event Selects 10 Startups Worth Watching
The results are in. Here are this year’s “Most Promising” startups as decided by upstream investors and oil company innovation teams
Small-Field Approach Holds Promise for Operators in Southeast Asia
This paper shows how a new approach to small fields could unlock more than twice the net present value (NPV) of larger conventional fields in Southeast Asia at a similar level of capital expenditure (CAPEX).
Coalbed Methane Prospects in Indonesia
This paper reviews the efforts to exploit CBM resources in Indonesia, the challenges these efforts have faced, and possible solutions that can make operations more efficient and profitable.
Coalbed Methane Development in China: Challenges and Opportunities
This paper presents a literature review to determine the engineering challenges and opportunities presented by CBM production in China.
Can a Computer Spot Possibilities a Team of Engineers Would Miss?
A startup company has created a system to create thousands of offshore development ideas by rapidly putting together components like building blocks, which its founders argue will force design teams to look outside their comfort zone.
Noble Leviathan Project Offshore Israel Gives ‘Opportunity To Change a Region’
Noble Energy’s latest planned gas development offshore Israel will not only have a major positive impact on the host country but could transform energy sourcing for the region, Project Manager Brian Hogan told the SPE Gulf Coast Section International Study Group recently.
Field Development Projects
The industry is evolving to a more factual approach to profitability, with emphasis in modeling the long-term scenarios with detail. And this applies for developments in both mature and new fields.
Energy Panel: Efficiency Focus Still Necessary in an Era of Transition
Despite optimism in a shift from “lower for longer” oil prices, industry executives stressed the value of maintaining efficient operating practices.
Northern Territory Unconventional Resources: A Regulatory Perspective
This paper outlines the key issues that must be addressed from a regulatory perspective in regard to the development of an onshore unconventional-gas industry in the Northern Territory.
First CO2-Enhanced-Oil-Recovery Demonstration Project in Saudi Arabia
An operator has designed a demonstration project for carbon dioxide (CO2) enhanced oil recovery (EOR) and has implemented it in one of its fields.
Two Ways To Stretch the Lives of Risers and Mooring Lines
The future of many offshore developments hangs on extending the lives of mooring lines and risers.
It's Hard To Make Money in Deepwater, Even With Billions of Barrels To Produce
Low oil prices have made the goal of this Petrobras project and its four partners to lower the break-even price of operating to USD 35/bbl.
The Price is Finally Right for Indian Gas Megaproject
Reliance Industries and BP are going forward with the expansion of a huge field off the east coast of India that is expected to fill 10% of the country’s energy needs.
The Big Payoff for Drilling the Perfect Well
By creating a different sort of partnership for a drilling project with close cooperation and greater efficiency built into every detail, including the contracts, Statoil was able to halve the cost of drilling eight wells at its Johan Sverdrup field.
OTC: Competitive Strategies Bring Projects to FID
Companies are rethinking offshore developments and in a very tough market are finding innovative ways of bringing some projects forward.
For Pemex, Partnerships and Profitability Are The New Focus
The new CEO of Pemex outlined his plan to reverse the state-owned company’s struggling financial and production situation.
How To Plan For Meaningful New Technology Pilot Tests
When technology startups and oil and gas companies finally agree to run a pilot test, there are a few things both sides of the table should know before they move forward.
Succeeding in the Shale Business With a Lean Well Manufacturing Management System
The current oil and gas commodity prices have posed several challenges to oil and gas companies operating in shale plays trying to generate revenue or even becoming cash neutral.
Overcoming Technical-Assurance Challenges in Executing Parallel Megaprojects
In order to meet short- and medium-term expansion goals as well as ensure a sustainable long-term future, an operator has recently embarked on several greenfield and brownfield developments. These involve several megaprojects running in parallel with different teams.
Standardization May Hold Key to Future of Major Offshore Projects
Reducing the complexity and controlling the cost of major offshore projects are together one of the biggest challenges facing the oil and gas industry.
Improving Megaproject Economics Through the Use of Early Production
A key aspect of the project discussed in this paper is the use of minimal initial-production facilities to achieve significant early production from each of four preconstructed artificial islands.
Standardization and Replication in Redevelopment-Project Subsea-Tree Design
Successful rejuvenation of two declining fields was enabled through innovation in both engineering and procurement strategy.
OTC Asia Sessions Discuss Region’s Role in Price Downturn, Recovery
Representatives from various national oil companies, multinational operators, service companies, and fabricators discuss the roles individual countries in the Asia Pacific region will play in the global oil market and the overall development of the region.
Simplification Key To Delivering Efficient Projects in Low-Oil-Price Climate
To survive in the current low-price environment, exploration and production (E&P) companies must better handle the complexities inherent in their projects through practices that promote capital effectiveness and collaboration.
Management: Managing Project Uncertainty: The Delphi Method
Decision making in uncertain environments is key to the successful delivery of oil and gas projects. By definition, however, uncertainty is ambiguous and unpredictable.
Understanding Uncertainty and Risk in Capital Projects
Speakers at the recent SPE Asia Pacific Unconventional Resources Conference and Exhibition addressed the role of uncertainty and risk in sanctioning megaprojects.
Upbeat Natural Gas Producers Show Value of Low Expectations
The price declines for oil and natural gas are equally brutal, with roughly a 50% decline for both fuels.
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