TOPICS OF INTEREST
Digital Startups Raise Hundreds of Millions To Modernize Upstream Sector
Producers and investors continue to reward small companies with big solutions that lean on new software and hardware to lift the bottom line of one the world’s few trillion-dollar industries.
Shell’s Well Pad of the Future Is Open for Business
The international major is calling its latest multiwell project in the Permian Basin a “beacon of innovation.” The goal is to see if combining digital technologies will lower the operating costs of its shale assets.
Questions Over Permeability Prompt Producer-Led Group To Rebuild Key Fracture Diagnostic
For the past 20 years, the diagnostic fracture injection test has been used across the frontlines of the shale revolution to paint a picture of what cannot be seen. However, that picture has not always been so clear in the eyes of subsurface engineers.
SPE Talks Tech: 2020 Technology Watch List
With 2020 on the horizon, JPT editors put together our Top 10 list of technologies and ideas to keep an eye on in the coming year.
Equinor, Total, Aker Launch Subsea CO2 Injection R&D Project
Before the dream of a “subsea factory” can come true, a group of North Sea companies will need to see if the required technology is economically feasible to build.
Canadian Startups Shine in Calgary Contest
The SPE Annual Technology Conference and Exhibition is fast becoming one of the essential venues for the energy industry’s growing array of startups. All startups awarded a cash prize this year for the viability of their offering call Alberta home.
Summer of Funding: These Oil and Gas Startups Raised More Than $70 Million
Technology startups are breathing new life into an old industry with advanced software and emerging chemistry solutions. Learn about some of the names earning the most attention from the industry's venture capital groups.
Equinor Picks 10 New Startups for Accelerator Program
Digital technologies serve as a primary theme of this year’s group, with a few environmentally conscious firms included in the mix.
Anadarko’s Digital Legacy Offers a Template for Others
The large independent put together a team of data scientists, software developers, and petrotechnical staff to create a forward-looking vision for how to use digital technology to solve problems.
Making a Difference: Women in Academia
Do women in academia face the same challenges as their peers in industry?
Shale Producers Piloting Downhole Compression To Solve Liquid Loading
Using maglev technology, a new artificial lift system seeks to boost production output by sucking down reservoir pressure from inside the wellbore and from inside the reservoir.
US Energy Department R&D Funding To Include Conventional, Shale EOR
The projects are designed to reduce technical risks in enhanced oil recovery and expand application of EOR methods in conventional and unconventional reservoirs.
US DOE To Fund 12 R&D Projects To Boost Unconventional Characterization, Recovery
Twelve organizations—universities and private technology companies—will conduct research and development on emerging shale plays and technologies covering everything from digital pressure-sensing to smart microchip proppant.
Built on Several New Tools, Marathon’s Digital Oilfield is Maturing
Marathon Oil says its shale fields are producing more oil and gas with less hands-on work from company personnel thanks to a growing arsenal of digital technologies and workflows.
How Southeast Asian Upstream Operators Are Digitalizing
Malaysia’s Petronas, Shell Malaysia, and Thailand’s PTTEP are now in the midst of full-scale digital adoption. The companies are beginning to see results, but none is counting on a “big bang” in development of the technology soon.
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
Souped-Up Search Engines Wrangle Drilling, Completions Data
Fed by big data loads from big operators, a university consortium and software firm are each working to make upstream data access as quick and easy as a Google search.
Imaging Fracturing’s Unexpected Changes
Pictures shot in fractured wells show how a high-pressure slurry of water and sand carves up the perforations.
Survey Points to Bullish Outlook for 2019, With Some Caveats
Industry confidence is on the rise, and so is capital spending, according to DNV’s 2019 annual outlook.
Reservoir: Assume Nothing is Totally Conventional
Unconventional development has made it clear to Erdal Ozkan that conventional theory overlooks a lot of potentially productive rock. He talks about looking for ways to do better as part of JPT’s tech director report.
Shale’s Big Sand Switch Is Delivering Dollars, but Not Eroding All Concerns
Producers in Texas have claimed an economic victory with their transition to local sands that they once avoided using in horizontal wells due to their low-quality.
Using Microseismic To See Where Fracturing is Happening
When it came to decide where to collect a critical sample of fractured rock, a new method for turning microseismic data into a heat map designed to display the most intense fracturing activity was considered.
Fracturing Wells in Pairs Creates Strong Links
Fracturing two or more wells at the same time creates connections. While fracturing fluids reach out further, those ties create a stronger link, though not forever.
Imagine Fracture Modeling Based on Actual Fractures
By measuring which tests best predicted the fractures observed at the Hydraulic Fracturing Test Site, Laredo Petroleum developed a method it hopes will improve fracture modeling in other places.
Real Fractured Rock Is So Complex It’s Time for New Fracturing Models
A close look at hundreds of feet of fractured core samples suggest that new fracture models are needed to simulate complicated reality.
Oilfield Service Patent Contests Get Heated
From the highest courts of the US judicial branch to the C-suite, contests involving patents have recently come to the fore in the innovation hungry US oilfield services industry, even as filings and litigation have declined in recent years.
Innovation Leaders to Meet in Scotland at SPE ENGenious Event
A new event is kicking off in September that will bring together the brightest minds in digital tech and oil and gas.
Innovative Pressure Map Offers Insights on Frac Hits
Well-interference issues can be hard to diagnose, but this startup may be figuring that out. The data-driven process it developed can also help operators come up with more effective ways to use diverters.
Dog Food, Subs Feed Technology Development at Halliburton
Seeking out, experimenting with, and ultimately embracing technologies from other industries have proven crucial to innovating at oilfield service firms such as Halliburton, which has tried everything from dog food to submarine tech to improve its work downhole.
Marriage of Ideas Could Allow More Deepwater Gas to Shore
When two engineers lost their jobs during the industry downturn, they used the misfortune as an opportunity to develop an innovative concept that aims to make it a lot easier to move subsea gas long distances.
University Group Lists “Most Promising” Oil & Gas Startups of the Year
Being a startup in oil and gas isn’t always easy, and so it is nice when you get noticed at the industry’s largest gathering, the Offshore Technology Conference. Learn about 10 new companies that industry insiders say are the ones to watch in 2018.
How is Industry Finding the Next Generation of New Technologies?
The process of finding, developing, and testing new technology can be as complicated as the technology itself—especially at a time when operators have little tolerance for risk.
R&D Remains Critical Despite a Down Market
R&D is essential for the industry, regardless of the current oil price, and past down markets have spawned some key technology advances, ExxonMobil researcher Erika Biediger told the SPE Gulf Coast Section R&D study group recently.
Startups Critical to Developing Culture of Innovation
The president of Chevron Technology Ventures discussed how startup companies can fill the gaps in a rapidly changing technological ecosystem, and Chevron's mechanisms to understand the role startups can play in its operations.
Energy Startup Competition Aims To Connect New Companies With Investors
SPE and the Rice Alliance for Technology and Entrepreneurship have partnered to host a competition at ATCE in which emerging technology companies in the energy sector vie for partnerships and prize money.
Artificial Intelligence and Human Expertise Form Powerful Combination for Performance Improvement
Anadarko’s CEO and a company board member who heads a venture-backed software developer for artificial intelligence (AI) discuss the key role that AI will play in the oil and gas industry’s future.
Halliburton-Microsoft Strategic Alliance Hopes To Speed Industry Transformation
Halliburton and Microsoft believe that by working together they can step up the pace of digital transformation across the E&P industry.
These Are the Forks in the Road to Drilling Automation
Along its journey to full-automation, the US drilling sector is facing a series of important crossroads that will determine what the so-called “rig of the future” really will be.
With New Advance, Natural Gas Filtering Technology Moves Closer to Commercial Reality
A new material under development is highly effective at sieving carbon dioxide from natural gas streams and is also cheap and easy to make, according to researchers.
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.
OTC 2017: Where to Find the Best Networking Opportunities and Emerging Technologies
Before you head to OTC 2017, make plans for the event’s best opportunities for professional networking and to learn about the array of new technologies pushing their way into the business.
Times are so Tough in the Oil Sands, Companies May Have To Collaborate
Things are so tough in the Canadian oil sands that competitors are considering whether to start sharing some of what they know about producing more and doing it for less. Collaboration should speed progress for everyone, but companies with something to give are looking for something in return.
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.
Digital Image Correlation: A New Way To Look at Hydraulic Fracturing
Technology that allows researchers to see stress forming inside rock samples may help unravel some of the mysteries associated with fracture behavior.
New Ways to Boost Heavy Oil Flow
Getting a good well for a field test can make or break a new idea. A government backed research group in Saskatchewan is offering up to CAD 100,000 break on royalty payments to test ways to extend the life of conventional, heavy-oil fields.
Ignored Signal During Hydraulic Fracturing Offers Instant Feedback
Always recorded but almost never used, the water hammer signal could offer completions engineers another set of insightful data if petroleum engineers can crack its code.
Independent Shale Producer is Driving Permian Well Improvements with Clean Sweeps
Permian Basin producer Callon Petroleum is attributing its data-driven approach to a routine completions practice to improved proppant placement and higher oil production.
Industry and Academia Continue Working on Big Ideas for Nanotechnology
A number of ongoing industry research projects are developing nanoparticles that work at the reservoir level and for fluid treatment. Though they may be a few years away from finalization, these efforts highlight nanotechnology’s increasingly sophisticated and growing application scope.
The Grand Challenge of Carbon Capture and Sequestration
This article is a summary of the 2016 follow-up paper on carbon capture and sequestration, one of the five grand challenges to the industry identified by the SPE R&D Committee in 2011.
Energy Research Funding: The Next Generation
New leadership aims to make positive, lasting changes at RPSEA.
Partnership Key to ADNOC’s Technology Qualification Initiatives
ADNOC and BP will collaborate to form an earth surface technology center in Abu Dhabi. ADNOC has also reformed its stage gate process for advancement of new technologies.
3D Printing Reservoir Rocks May Drive New Insights
Researchers at Heriot-Watt University in Edinburgh, Scotland, are building replica core samples using 3D printers and installing sensors inside them as they go. Their goal is to directly monitor pore-scale flow behavior from the inside of these so-called “smart rocks.”
Lessons for a Downturn
Downturns offer you a choice: Panic and shut down all but breathing or make use of the opportunities that desperation has handed you. A mountain of mistakes is a gold mine to those willing to spend the time in assessment mode.
3D Printing in the Oil Field Kicks Into Production Mode
Service companies are using the latest generation of additive manufacturing technology to print out steel components for big ticket downhole tools. There is great potential for the technology to drive down equipment costs and improve performance.
Deepwater Future Tied to Technology Innovation
For deepwater development, panelists at OTC emphasized the need for scalable technology, the standardization and simplification of projects, patient capital investment in innovation, greater collaboration, and new perspectives coming from outside the industry.
Isn’t It Time for Our Own Spielbergian “Idea Summit”?
Industry's finest minds are expected to come together for an idea summit during the upcoming SPE Intelligent Energy International Conference and Exhibition in Aberdeen.
Self-Adjusting PDC Bit Under Development
Baker Hughes is developing a drill bit capable of auto-adjusting its depth-of-cut feature to handle dynamic drilling conditions.
Pressure Test for E&P Innovation
Low prices require doing things differently. It is a hopeful sign for the future for innovators who have been struggling to keep going and have potential customers with little to spend and a lot to worry about.
Transforming the Upstream Service Industry To Increase Operator Margins
The upstream industry is undergoing a transformation. Operators and service providers alike are not just tweaking or fine-tuning, they are completely rethinking the way they work.
Pressure Changes While Fracturing Add To Marcellus Well Production
When it comes to hydraulic fracturing, steadiness may not be a virtue. That was the conclusion of a test to see if rapid pump rate variations would lead to greater production than conventionally fractured stages when the pressure was held steady.
Electromagnetic Imaging Offers First Look at the Propped Rock
Understanding how much rock is being stimulated and propped is critical for unconventional producers. New imaging methods using electromagnetic energy or acoustic microemitters could represent a milestone in understanding what is left behind after fracturing.
The Grand Challenges for Engineering
The first brief flight at Kitty Hawk in 1903 did not immediately make the Wright brothers famous; however, within 5 years, enthusiasm for the new technology began to spread around the world.
Middle East NOCs To Boost Collaboration in Joint Projects
National oil companies (NOCs) in the Middle East plan to boost their collaboration efforts in technology applications through a global industry trade organization’s initiative.
University Research and Development Steady in Industry Downturn
Sustained low oil prices have not yet had a significant effect on many universities’ research and development programs. For now, money allocated by the oil and gas industry in previous years is still available for many institutions.
Q&A: Mario Ruscev, CTO, Baker Hughes
The chief technology officer tells why he is optimistic about the current oil price situation, how the market downturn could be an ideal opportunity for innovation and slashing costs, and what major technology trends will be expected in the near future.
Testing Heavy Oil Production Without Steam Heating
This is the teaser
Inaugural Challenge Generates New Proppant Ideas
GE Staoil Open Innovation Challenge results in new proppant ideas.
Unconventional Rock Defies Old Rules, but New Rules are Far From Being Ready
The label unconventional oil and gas stubbornly hangs on because these formations cannot be understood using the rules of conventional petroleum engineering.
Universities Partner To Create Science Wells
This is the teaser.
A Day’s Worth of Ideas on Change and Changing
Imagine a machine that could make an automaker competitive by speeding product development, help a jet engine maker create unique parts for more efficient turbines, and allow a baker to quickly create a picture-perfect 3D replica of a flower made of sugar.
Software That Learns To Predict Trouble in Machines
Veros Systems is selling simplicity. The electric machine monitoring company promises accurate warnings of problems long before they occur, with a minimum of monitoring equipment to install.
Inventor Seeking Oil Industry Customers in Search of New Frontiers of Stickiness
Bitumen is so viscous that the ultraheavy crude oil is often compared to peanut butter.
A New Map for Composite Design and Testing
Researchers at Rice University in Houston are hoping their new theory on composite properties may help the oil and gas industry reduce the time it takes to develop and test new materials.
Lessons From the Aviation Industry on Automation
One of the defining features of the 21st century will undoubtedly be the changing relationship between humans and automated machines.
Rethinking Proppant: From Liquid to Solid
At the SPE Hydraulic Fracturing Technology Conference, one of the most innovative ideas discussed was a liquid proppant designed to turn into strong spherical balls to keep a fracture open.
Pressure to Reduce Methane Emissions Highlights the Need for Better Monitoring
The US government is working on regulations to reduce oil industry methane emissions by more than 40% over the next 10 years.
Steel Pipe May Offer A Window Into Reservoirs
Add a new possible use for downhole casing: It can serve as broadcast antennae.
Saudi Aramco Displays Reservoir Research Priorities
Saudi Aramco’s plan to create a global network of research centers is becoming a reality. It recently celebrated the opening of its Houston center that the company’s President and Chief Executive Officer Khalid Al-Falih described as “an upstream research center like no other.”
Federal Spending Cuts Test Appetite for Exploration and Production Research
Last year, lawmakers in the United States sent a blunt message to the oil business: If it wants new exploration and production technology, it will need to pick up more of the cost.
RoboNodes: Autonomous Seismic Receivers
Saudi Aramco is on a mission to increase the amount of seismic data that it collects by fourfold, while reducing costs and acquisition time by half of what it spends today.
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.
27 March 2020