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It will provide re ... Harkand has secured a USD 5 million contract from Swiber Offshore Mexico to perform saturation divin ... Two Bumi Armada subsidiary companies secured USD 300 million worth of contracts from ElectroGas for ... Amec Foster Wheeler has been awarded a contract by BP worth more than USD 73 million. Tam International, which provides inflatable and swellable packers for the oil and gas industry, has ... Sanchez Energy closed a deal with a subsidiary of Sanchez Production Partners to sell wellbore and a ... Penn West Petroleum has entered into a USD 321 million agreement with Freehold Royalties to sell an ... Bonterra Energy has acquired Cardium formation-focused assets in the Pembina area of Alberta, Canada ... Petrobras has sold its assets in Argentina’s Austral basin to Compañia General de Combustibles for U ... Pemex signed an agreement worth USD 1 billion with private equity firmFirst Reserve to jointly inves ... Gulfport Energy entered into an agreement to acquire Paloma Partners III for USD 300 million. Apache sold its 13% stake in the Wheatstone LNG terminal in Western Australia and 50% interest in th ... Shell Petroleum Development Company of Nigeria completed the sale of its 30% interest in Oil Mining ... Oil and gas safety company Secorp opened a new office in Hobbs, New Mexico. Bill Barrett Corp. has signed agreements with several undisclosed recipients for the sale of the maj ... Encana said it will sell its remaining 54% stake in PrairieSky Royalty via a USD-2.4-billion Cardinal Energy entered into an agreement with an unnamed seller to acquire assets whose total daily ... Petrobras has awarded a contract, worth USD 465 million over a period of 5 years, to Aker Oilfield S ... CGG received contracts for the 3D seismic acquisition of four surveys using its marine broadband tec ... IKM Subsea, a subsidiary of IKM Group, has been awarded a contract by Eni Indonesia to provide remot ... OneSubsea, Schlumberger, and Helix Energy Solutions signed a letter of intent to develop technologie ... Premier Hytemp has committed to opening a USD-20-million, 67,000-ft2 precision engineering facility ... Expro has constructed a new 20,000‑m2 facility in Macaé, Brazil.
Big-data mining techniques can help determe the type-curves and the resulting estimated ultimate recovery of an asset being evaluated for acquisition. In this work, the authors perform automatic decline analysis on Marcellus Shale gas wells and predict ultimate recovery for each well. In this work, the authors perform automatic decline analysis on Marcellus Shale gas wells and predict ultimate recovery for each well.
The new numbers for the Marcellus Shale and Point Pleasant-Utica Shale represent large increases from previous USGS assessments of both formations. Production and proved reserves in the Permian Basin’s Wolfcamp Shale and Bone Spring Formation are reaching new heights, and a new assessment from the US Geological Survey indicates the industry is just scratching the subsurface when it comes to what may be technically recoverable. Major oil discoveries by Armstrong Oil & Gas and ConocoPhillips have compelled the US Department of the Interior to reassess its estimate of undiscovered, technically recoverable resources in parts of Alaska. The list of the biggest gas plays in the US is being revised as the US Geological Survey creates new estimates based on additional drilling results and available rock samples. New at Number 2 is the Mancos Shale on the Western Slope of the Rockies with 66 Tcf in recoverable reserves.
The new numbers for the Marcellus Shale and Point Pleasant-Utica Shale represent large increases from previous USGS assessments of both formations. A fracturing test site in West Virginia has quietly made a data trove available on the website of the Marcellus Shale Energy and Environment Lab. A drilling team has focused on increasing lateral lengths in the Marcellus Shale. The team determined which operational practices would need to be revised in order to drill and case laterals in excess of 18,000 ft. In this work, the authors perform automatic decline analysis on Marcellus Shale gas wells and predict ultimate recovery for each well.
A recovery in the energy industry is key to the oilfield water sector in the Permian. But the industry must address issues such as further research, regulatory changes, and technology. Centennial said in its 10-Q report for Q1 that the economic downturn increased the likelihood that the transaction would fail to close by its original timeline. Sourcing water, flowback water services threatened as D&Cs decline. Cutbacks in oil and gas production and drilling and completions will result in a decrease in produced water and will also lead to a reduction in water infrastructure investment. The fact sheet, in conjunction with other IPIECA water management guidance, is intended as a guide to explore opportunities to reuse produced water.
US Court decisions put two major pipelines on hold and led to the cancellation of another pipeline project within days of each other. The sale of the Appalachia position is in line with Shell’s strategy to focus on its shales strategy. A producer in the Marcellus Basin selected Edge Gathering Virtual Pipelines 2 to capture and liquefy gas from its stranded wells in Tioga County. Initial operation is underway and is set to be ongoing until at least 2022. The projects are intended to accelerate the development and commercialization of treatment technologies to reduce waste water that is being injected into disposal wells and increase water supplies for reuse.
US Court decisions put two major pipelines on hold and led to the cancellation of another pipeline project within days of each other. The Búzios-5 production system is planned to include the interconnection of 15 wells to a floating production, storage, and offloading vessel in two phases. CB&I Storage Solutions joins a list of contractors working on the Trans Mountain Expansion Project. The deal follows BP’s divestment of its global petrochemicals business in late June. Designed to be a “living” map, it focuses on the largest fixed infrastructure for crude oil and refined products such as trunk pipelines, refineries, and storage facilities.
A recovery in the energy industry is key to the oilfield water sector in the Permian. What are the impacts of the energy crunch on OCTG demand? Immersive technology on projects such as wellsite planning incorporates XR, drones, and collaboration. GWPC releases its third produced water report. Texas leads all states in produced water volume.
Upskilling the workforce for analytics, therefore, needs to be a one of the top priorities as we sail unchartered waters. The coronavirus pandemic has created a huge shift in how work is done. More people are working from home than ever, and this shift has opened new risks to cybersecurity. SPE awards recognize members who have contributed exceptional service and leadership to the society and the community, as well as those who made major professional contributions to their technical disciplines. While digital-strategy implementation is at least superficially reliant on technical and architectural advances and vendor solutions, the narrow focus on technology has come at the expense of a data-centric digitalization approach. Satelytics, a US-based geospatial analytics software startup, will receive $5 million from BP Ventures to develop its methane-detection technology and then scale its applications across the oil and gas sector. Atlas and Fênix, also from Petrobras, are the two largest supercomputers in Latin America.