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Phase 1 is expected to be operational in 2024. In this paper, the authors introduce a new technology installed permanently on the well completion and addressed to real-time reservoir fluid mapping through time-lapse electromagnetic tomography during production or injection. Hydrocarbon processing and treating systems often require large and elaborate surface facilities. When operating in challenging locations, such as deep water or the Arctic, these systems can be expensive. This paper bridges the gap between operational petrophysicists and FTS specialists, introducing an automated work flow by which petrophysicists can conduct FTS jobs.
Pemex and Talos Energy have 120 days to decide how to share a massive offshore field that both companies claim they should operate. Failure to come to terms means the government will decide the matter. Putting together the billions of dollars needed to develop deepwater finds has become tougher, but when the discoveries are huge, companies will make every effort to find a way to tap what may be a cheap source of oil. The complete paper analyzes the role of liquefied natural gas (LNG) in balancing the natural gas demand in the Middle East/North Africa (MENA) region. Saudi Arabia offers a seemingly bottomless supply of oil and an equally deep array of exploration challenges as well.
The Journal of Petroleum Technology, the Society of Petroleum Engineers’ flagship magazine, presents authoritative briefs and features on technology advancements in exploration and production, oil and gas industry issues, and news about SPE and its members. The Journal of Petroleum Technology, the Society of Petroleum Engineers’ flagship magazine, presents authoritative briefs and features on technology advancements in exploration and production, oil and gas industry issues, and news about SPE and its members. Online, JPT includes exclusive content and features not found in the print publication. Also online, SPE members have free access to full-length technical papers highlighted in each issue for a two-month period. A JPT subscription (print or electronic) is included with SPE membership dues.
Two key themes have underpinned the advancement of human society: innovative technologies and an abu ... Planning has begun for the 2021 Offshore Technology Conference (OTC) after the cancellation of the 2 ... These extraordinary times have already shown us how we, as members of the industry and citizens of t ... Energy Literacy—What Does It Mean? Where does energy come from? What is the cost and impact on our environment? How Can Your Section Get Involved?
Two of the biggest assets to suffer from the new valuation are in Australia. Shell’s QGC venture and its floating liquified natural gas facility, Prelude, have been reduced in value by up to $9 billion. World energy is at a “pivotal moment,” says BP CEO in annual statistical review, which reveals contrasts, challenges in energy consumption, production, and emissions. New report offers guidelines for pressure pumpers of the future. COVID-19 will fundamentally affect the world’s energy systems and the pace and direction of global transition.
The joint oil field had been offline since 2015, due to an operational dispute. Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets. New report offers guidelines for pressure pumpers of the future. Mississippi land no longer up for grabs, as the fed continues to postpone or cancel the sale of public parcels. Country had hoped to boost oil output and bring in much-needed revenues.
The joint oil field had been offline since 2015, due to an operational dispute. Despite the global downturn, the long-term transition to net zero presents a major opportunity to create new multibillion industries based around the North Sea. Cross-sector collaboration and major state/private sector intervention, together with strong leadership, will be key. With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets.
While oil- and gas-related companies slash budgets and staff and operators pull back from production and exploration, the tax coffers of US local and state governments are shrinking fast and with hard repercussions. Pre-COVID-19 forecasts were blown out of the water and nearly made moot quickly in the first quarter of this year. Attempts to form long-term forecasts are stymied by uncertainties until some degree of stabilization returns to the oil and gas industry. It has now been nearly 3 months since the one-two punches of an unprecedented modern-day pandemic and a free fall in oil prices due to the oversupply of oil resulting from a tremendous, sudden drop in demand. Networking is core to SPE activities, whether through an event, a local section meeting, service on a committee, or other activity.