Today, almost half of Western Canada's natural-gas production comes from the Triassic-aged Montney formation, a sixfold increase over the last 10 years while gas production from most other plays has declined. In the last few years, demand for condensate as diluent for shipping bitumen has driven development of liquids-rich Montney natural gas leading to a surge in gas production and gas-on-gas competition in the Western Canadian Sedimentary Basin (WCSB), which has driven local natural gas prices down. This has had a material effect on the operations and finances of companies active in the Western Canada and is reshaping the Canadian gas industry. A significant portion of this growth has taken place in NE British Columbia and with the planned electrification of the industry in British Columbia, including the nascent LNG operations, will influence tomorrow's power industry in this region. NE British Columbia is a geographically large area with sparse population and the power supply into this region has lagged behind development of oil and natural gas resources. The area was originally served from geographically closer NW Alberta. More recently, supply was established from the BC Hydro power grid with the most significant developments being Dawson Creek-Chetwynd Area Transmission (DCAT) completed in 2016 and the additional 230 kV transmission projects scheduled for completion in 2021.
The theme of the SPE Young Professionals Workshop held in Biarritz, France, during 20–23 March was "Our Challenging Future: Preparing Today's Young Professionals for Tomorrow's Challenges." Judging by the feedback from attendees, the workshop achieved exactly what the steering committee intended. The event was attended by 47 young professionals representing 21 companies and 18 different nationalities. There was a roughly 50/50 split between representation from service and operating companies and a 60/40 male/female representation. There was an interesting cross section of professional interests among attendees: reservoir engineers, geoscientists, production engineers, drilling engineers, economists, and business developers.
Becoming a Tier-4 section in just 2 years is almost unbelievable. How did your team accomplish this in such a short time? The YPs of OKC needed an avenue to get involved; our YP organization enabled the creativity and resourcefulness of such wonderful individuals to expand and touch the oilfield community and the community at large. Once the group was formed, it just took on a life of its own. The executive evenings, where we have been honored to introduce leaders of major independent producers (such as Aubrey McClendon and Brian Jennings), have become premier events to our membership, giving them direct access to major decision makers in our area.
Exponential growth in LNG tank capacity, fueled by the introduction of LNG fuel in shipping sectors, indicates a possible shift in the fuel mix. The classification society's first offshore drone survey was conducted on a semisubmersible used to support Statoil's drilling operations in the North Sea.
Several giant LNG developments earlier this decade suffered from runaway costs and delivery slippage. Can the industry deliver projects on time and on budget in this new investment cycle? During a panel discussion at the recent Davos 2019, World Econominc Forum's Annual Meeting, Hess CEO John Hess summarized the importance of US shale production.
The Way Ahead interview team spoke with Armstrong on a number of topics, including his personal experiences, the history of Williams and the midstream oil and gas industry, as well as his advice to young professionals. The AI revolution in the market for consumer goods by companies like Amazon and Alibaba led to significant changes in the market dynamics. Similar impacts can be expected in the midstream industry as the AI revolution unfolds there. CCUS is an interdisciplinary research field and its broad scope means that CCUS offers numerous opportunities for science and engineering graduates, including petroleum engineers. What is pipeline integrity management and what are the crucial components of a well-rounded integrity management system?
With the busy and intense streets of Seoul and the calm and refreshing nature of its mountainous range, South Korea makes a unique destination that everyone should experience at least once. The Way Ahead interview team spoke with Armstrong on a number of topics, including his personal experiences, the history of Williams and the midstream oil and gas industry, as well as his advice to young professionals. Several giant LNG developments earlier this decade suffered from runaway costs and delivery slippage. Can the industry deliver projects on time and on budget in this new investment cycle? By the end of 2018, Western Australia will be exporting nearly 50 million tonnes per annum of LNG.
One of the world’s leading energy watchers says the second shale revolution will come in the form of LNG exports. After 70 years of production, more than 30% of the Arab C reservoir stock-tank original oil in place has been recovered through various mechanisms including natural depletion, waterflooding, gas lift implementation, and horizontal-well development. The North field offshore Qatar was observed to have a chance of inner annuli becoming charged with shallow-gas pressure with possible communication to other annuli, which was thought to be a well integrity concern. Airborne imaging spectroscopy has evolved dramatically since the 1980s as a robust remote-sensing technique used to generate 2D maps of surface properties over large areas.