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After 4-1/2 years out of service, the massive Wafra oil field in the Saudi-Kuwaiti Onshore Partitioned Neutral Zone, is set to resume production sometime soon and ensuring a smooth restart is no small order. McDermott will work exclusively with Zamil Offshore to provide Saudi Aramco with maintenance, modifications and operations services. Megaprojects have come to define many of the world’s new resource projects but they are also a testament to the awesome engineering capabilities of the oil and gas industry. Find out who took home this year’s honors. A demonstration project of carbon capture, utilization, and storage through enhanced oil recovery was conducted in Saudi Arabia.
The oilfield services company's Tubular Running Service was recognized for reducing costs, maximizing safety. Megaprojects have come to define many of the world’s new resource projects but they are also a testament to the awesome engineering capabilities of the oil and gas industry. Find out who took home this year’s honors. Shell and SBM Offshore won recognition for their Gulf of Mexico Stones field development. The OTC Distinguished Achievement Award will be presented during a luncheon on 1 May at the Offshore Technology Conference in Houston.
The chief upstream strategist of IHS Markit said in a recent presentation that oil exploration must improve its ability to deliver value and better communicate that value to the financial community. New ways of thinking about exploration opportunities are needed. Producers in Oklahoma’s newly opened Merge play are sitting atop a resource that rivals some major world gas fields and discoveries, Citizen Energy’s Geology CEO Greg Augsburger told the SPE Gulf Coast Section Business Development Group recently. The Austin Chalk play could go through a revival if the industry can view the formation through “a fresh set of eyes,” says EnerVest’s Tony Maranto. Dimethyl-ether (DME) -enhanced waterflood (DEW) is a process in which DME is added to injection water and, upon injection, preferentially partitions into the remaining oil.
Developing an asset requires key investment decisions to be made early in the process, and as a result, some critical cost evaluations—such as abandonment—are often ballpark estimates. Adjusting the parameters for evaluating these costs can lead to more-accurate project valuations. Natural gas has emerged as a potentially major player in the energy mix, but what role will price pressures play in sanctioning gas supply projects and in LNG markets? Industry 4.0, the latest industrial revolution, has hit the manufacturing sector, building upon the adoption of computers and automation into industrial processes. How well suited is the oil and gas industry to leverage the new autonomous systems that could emerge from this transformation?
As the fallout deepens from the coronavirus pandemic and the global collapse in oil and gas prices, oil- and gas-producing regions around the world are feeling the pain. Digital advances allow computers to do many of the tedious tasks once done by engineers, which frees them to focus on more interesting tasks. The first interdisciplinary oil and gas conference to be held in Saudi Arabia, the 12th International Petroleum Technology Conference, was the largest in its history in attendance. This features highlights of the panel and technical sessions, and an interview with Saudi Aramco CEO Amin Nasser. The first of three major unconventional developments in Saudi Arabia has been given the green light.
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.” US shale operators are cutting deeper, with some eliminating drilling and completions activity altogether. Oil prices got bad fast, so when will they get better?
Service firms are diversifying their portfolios, in part driven by large-scale budget cuts among operators since the industrywide downturn. The world’s largest oil producer has awarded $18 billion in engineering, procurement, and construction contracts as part of its Marjan and Berri expansion projects.
Of all the programs that SPE offers, the most rewarding and enjoyable ones for me personally are the conferences. I love walking the floor of an exhibition hall, discovering the latest technology advancements, and listening to the various product demonstrations. From the beginning, SPE has focused on knowledge dissemination in four fundamental areas, which I refer to as the core disciplines: drilling, completions, reservoir (including geosciences), and production operations. No company or organization could have predicted our industry would be facing a viral pandemic, coupled with oil prices at their lowest levels in almost 2 decades. This is a time to put our heads together and come up with a new plan. This is what oil and gas does best.
Middle East could lose 15% of ethane-based ethylene supply in 2020 because of oil supply dynamics. The purpose of this paper is to examine coiled-tubing (CT) -stimulation and -logging technologies used in the timely project execution of one of Saudi Arabia’s largest field developments to enhance matrix-stimulation success in a cost-effective manner.