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The industry is becoming increasingly complex, leading to changes in how universities approach education for undergraduate study. After a spike in enrollment in 2017, a significant downturn is projected. Speaking on the final day of ATCE 2019 in her home province of Alberta, Shauna Noonan unveiled the theme of her 2020 SPE presidency, “SPE Strong: Strengthen the Core.” Many leaders of petroleum engineering schools from around the world have never met but SPE’s technical director for academia would like to change that. The world’s largest oil company says it has doubled the number of women working for it in the last decade and is spearheading a number of initiatives to grow the trend.
With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. This paper describes an automated work flow that uses sensor data and machine-learning (ML) algorithms to predict and identify root causes of impending and unplanned shutdown events and provide actionable insights. 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.”
With their gee-whiz—albeit artificial—intelligence, robots may be the industry’s answer to jobs deemed dangerous, dirty, distant, or dull. 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. An independent study pegged the cost of the project at about $2.6 billion, 80% of which Norway’s government planned to fund. The ministry said there is uncertainty about Northern Lights’ benefits and that it could prove to be unprofitable.
What the industry needs at this stage is a willingness to work together, share best practices, conduct innovative research, and focus on disruptive technologies that lower cost of capture and make our operations more sustainable. The complete paper presents a large-scale work flow designed to take a vast amount of data into consideration. The work flow can be scaled for projects of any size, depending on the data available. Denbury Resources needs enhanced debt reduction. The company that does enhanced oil recovery using carbon dioxide it produces and transports has skipped a payment to creditors while it seeks a deal that would reduce its debts.
The complete paper highlights examples of nonmetallic materials selection and qualification for upstream water-injection and producer and hydrocarbon wells and presents suggestions for future progress. Autonomous Inflow Control Valve technology demonstrates significant benefits within first year. 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.”
Fiber-optic technologies—distributed temperature sensing and distributed acoustic sensing—have been experiencing an ever-increasing number of applications in the oil and gas industry as monitoring systems. This paper covers the 7-year history of drilling-fluids application in a reservoir drilling campaign offshore Abu Dhabi, from the early use of a solids-free, brine-/water-based mud to the recent application of nondamaging, nonaqueous fluids (NAFs) with micronized acid-soluble ilmenite. This study focus on the design and evaluation of a customized water-based mud (NP-WBM) using silica oxide nanoparticles (SiO2-NPs) and graphene oxide nanoplatelets (GNPs). Recent research has put extensive focus on the magic of graphene in drilling fluids. Graphene, because of its thermal, electrical, chemical, and mechanical properties, improves mudcake stability and minimizes fluid loss that eventually reduces formation damage.
As the industry moves toward recovery and stability, OTC will attract global industry professionals, government officials, academic experts, and many other organizational representatives to discuss technology and broader industry issues and assess the future. FEI is a maker of high-powered microscopes whose growth plan in exploration and production includes building a service company. 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.”
This paper applies a new constrained multiwell deconvolution algorithm to two field cases: a gas reservoir with two producers and an oil reservoir with three producers and one injector. For more than 50 years pressure transient tests have been used to model conventional reservoir properties in wells all over the world. In unconventional reservoirs, it was first assumed this kind of test could not be done; however, a sensitive pressure gauge technology makes it possible.
A real-time deep-learning model is proposed to classify the volume of cuttings from a shale shaker on an offshore drilling rig by analyzing the real-time monitoring video stream. The best way to know how drilling affects drill bits is to visualize the bits. A device that creates high-resolution images for precise measurements is one of three technologies being featured in a JPT series on drilling measurement innovations. 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. A group of people who really care how drillers code the memos added to the daily drilling report is the data scientists—who find that the coded tags do not match the activity.
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. Two discoveries offshore Mexico add to April’s finding in the Norwegian Sea. Oil companies large and small have pulled out the stops to stay on solid ground. The move to combine forces comes amid the fastest contraction in drilling activity the US shale sector has ever seen while Gyrodata will retain its international business.