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Full-year 2017 and fourth-quarter financial results show an improving picture for the industry’s three largest oilfield services companies. After 3-plus years of cutbacks, the service sector outlook has turned relatively positive. More than 10,000 global industry professionals are expected to attend the SPE Annual Technical Conference and Exhibition (ATCE) from 9–11 October in San Antonio, Texas.
Crude prices may be rebounding, but undergraduate enrollment in US petroleum engineering programs continues to dive. Will there be a shortage of young, qualified PE graduates in the coming years? Enrollment in US petroleum engineering programs have peaked and are on the downslide, matching the short-lived surge in the 1980s, when a generation of engineers were graduated.
A contest where teams of college students design and build an automated drilling rig able to deal with hazardous obstacles in a test block, showed how a small change can be engineered to matter. Crude prices may be rebounding, but undergraduate enrollment in US petroleum engineering programs continues to dive. Will there be a shortage of young, qualified PE graduates in the coming years?
In this study, two coatings were produced and evaluated to determine their effect on hydrate adhesion onto carbon-steel surfaces. This paper presents the traditional methods of hydrate mitigation used in the NKJ fields and the way in which a transient model was initially built and continuously improved.
Appomattox begins production below cost and ahead of schedule in another optimistic sign of the offshore sector’s rebound. Shell made its sixth discovery from the Norphlet formation in the deepwater Gulf of Mexico, where the firm’s newly arrived Appomattox platform just 13 miles away presents a tieback opportunity.
With declining trends in production and dwindling reserves for a 35-year-old offshore field, the Samarang Redevelopment Project was initiated with a vision toward implementing integrated operations as an asset-management decision-support tool. This paper describes a case study in which four reservoir models were coupled with a production-network model, with the objectives of maximizing recovery factors, identifying operational problems, and evaluating water-production effects.
Total will invest $650 million in the development of two main projects, North Gialo and NC 98, resulting in a 180,000-B/D increase in production. At IHS CERAWeek, Saudi Arabian Energy Minster Khalid A. Al-Falih and Pemex Director General José Antonio González Anaya expressed cautious optimism for the short-term outlook.
A new report takes a look at how digital technologies are disrupting the Oil & Gas industry and provides practical strategies for organizations to manage the process. Presentations at OTC's d5 event included discussion about the impact of industry disruption, the need for innovation, learning from technology failures, and how diversity contributes to success.
Even a robust adoption of electric vehicles in the next 2 decades would not eliminate the growth of either global oil consumption or carbon emissions, BP Chief Economist Spencer Dale said at the rollout of the company’s 2018 Energy Outlook. The energy industry is in a rapid transition, with growing competitive pressures and the critical long-term need to reduce global carbon emissions, BP Group Chief Executive Bob Dudley said in introducing this year’s BP Energy Outlook.
Most shale producers in North America have given little thought to the flowback stage following hydraulic fracturing. Others have come to realize it represents a valuable opportunity to learn more about their wells. A rigorous modeling approach is developed for effective management and inventory analysis of natural-gas storage in underground salt caverns.