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New report offers guidelines for pressure pumpers of the future. The company said it will avoid the pumping business's “structurally disadvantaged position” and instead focus on well servicing and water logistics. Expected to close 31 October, the deal will create one of the largest pressure pumpers in the US. Hydraulic fracturing is now a little bit easier for US shale operators thanks to readily available horsepower and in-basin sand. Higher oil prices and higher-intensity completions are increasing the need for US onshore pressure pumping horsepower.
"Smart water" is needed for effective waterflooding in carbonate reservoirs. A novel water-ionic technology, comprising nanofiltration and reverse-osmosis membrane-based processes, was identified for optimization in this study. The number of offshore facilities employing waterflooding with desalination continues to grow. Currently, more than 50 sulfate removal units are in operation offshore with a total capacity of approximately 8 million BWPD. How Does Low-Sal Water Work?
The $20.7-billion agreement is the single-largest energy infrastructure investment in the region. In 2 months, the US saw a 56% decline in rig count, reaching a 33-year low. There are numerous views of what the future energy landscape will look like in the next decade and beyond. When thinking about sources of primary energy, it is not a question of either/or, it is a question of what can reach scale fast enough to meet continued demand growth. Not everybody suffers when US oil producers slash production.
A new licensing round will open up 136 blocks in the Arctic Barents Sea. Country had hoped to boost oil output and bring in much-needed revenues. Exploration commitments are expected to dwindle in the current market environment. Chinese firms stepped in for the majors in Brazil’s two underwhelming offshore auctions. Abu Dhabi will conduct its first-ever competitive tender for international partners to explore and develop oil and gas blocks onshore and offshore.
A new licensing round will open up 136 blocks in the Arctic Barents Sea. Exploration commitments are expected to dwindle in the current market environment. For the upstream industry, where improvement in efficiency or production can drive significant financial results, there is no question that the size of the digital prize is huge. This paper demonstrates how maintaining investment in high-quality 3D seismic during the last downturn, together with selective exploration, quality geoscience, application of new technologies, and efficiently maturing discoveries to early cash flow, was successful in sustaining future production. A significant discovery of oil off Suriname increases the odds that major oilfields off Guyana will extend across that international boundary.
A new licensing round will open up 136 blocks in the Arctic Barents Sea. Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea. A new enabling technology known as electrically heat-traced flowline (EHTF) will be used to enable system startup and shutdown and to maintain production fluids outside of the hydrate envelope during steady-state operation.
A new licensing round will open up 136 blocks in the Arctic Barents Sea. In need of an exploration boost, Norway doled out a record 83 production licenses in mature areas of the Norwegian Continental Shelf to 33 firms. This paper aims to develop new and improved empirical viscosity correlations through available field measurements on the Norwegian Continental Shelf (NCS). When a new horizontal well in Asia was incapable of unassisted flow, coiled tubing (CT) was selected for the perforation and stimulation intervention. Mechanical isolation was required to ensure that the stimulation fluids entered only the new zones.
Logistical work is taking place in advance of subsea installation activities, which have the large UK North Sea field on track for first oil in 2019. After severe damage in a typhoon, the Huizhou oil field in the South China Sea was back on production in 5.5 months. This paper reviews how this feat was accomplished.
The good news is 95% of the oil companies in Texas are expected to survive 2020, which means there is a lot of bad news to endure. Can Regulators Move Fast Enough To Fix a Shattered Market? Texas Railroad commissioners recognize the battering Texas oil companies, and their workers, are taking, but will continue considering their options until 5 May. Even some free-market advocates are calling for regulators to step in and try to help pull them out of what feels like a chasm by setting production limits. As studies point to increased emissions, ExxonMobil is stepping up efforts to detect and mitigate methane release.
The good news is 95% of the oil companies in Texas are expected to survive 2020, which means there is a lot of bad news to endure. Four recent deepwater offshore discoveries show exploration is not dead, it is just concentrated offshore. Oil exploration and production jobs globally are at about the level they were after deep cuts following the 2014 crash.