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The technical challenges imposed by tight well spacing and fracture interactions have become a focal point of recent earnings calls between investors and the leaders of several shale producers. The picture of the future is becoming clearer, and there are fewer oil wells in it. By measuring which tests best predicted the fractures observed at the Hydraulic Fracturing Test Site, Laredo Petroleum developed a method it hopes will improve fracture modeling in other places. A close look at hundreds of feet of fractured core samples suggest that new fracture models are needed to simulate complicated reality.
When it came to decide where to collect a critical sample of fractured rock, a new method for turning microseismic data into a heat map designed to display the most intense fracturing activity was considered. By measuring which tests best predicted the fractures observed at the Hydraulic Fracturing Test Site, Laredo Petroleum developed a method it hopes will improve fracture modeling in other places. A close look at hundreds of feet of fractured core samples suggest that new fracture models are needed to simulate complicated reality.
This paper presents a case study that is an example of how reassessing a flow-assurance risk-management strategy for operating assets can identify opportunities for optimization. Banyu Urip crude contains 26% wax, which can lead to flow-assurance challenges in a crude pipeline exposed to lower temperatures. Injection of pour-point-depressant (PPD) chemicals has been considered an effective method to ensure flow of moderate waxy crude. Current logistics and pipeline-infrastructure limitations make transportation and production of waxy crude oil challenging, necessitating a step change in the chemistry required to mitigate crude-oil-composition issues. In this study, the effects of the hydrodynamic parameters are decoupled with specially designed flow-loop experiments.
The LNG A-Box containment system is designed for LNG carriers to serve smaller terminals, where larger ships are not feasible. US crude exports to China have decreased from peak levels in May and June, but Vortexa said there may be unique opportunities looking forward. 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. Texas LNG’s CEO Vivek Chandra and ALNGE Principal Luc Speeleveld outlined key issues and concerns facing the US LNG industry now and in the future as market dynamics remain affected by COVID-19. The planned JV is for one of three LNG terminals GCL is planning to build in China.
The Mozambique LNG project expects to achieve financial close in Q3. The W-Industries contract comes 2 months after Worley was awarded a master service agreement for services on the Mozambique LNG project. Proposal requests were sent to companies to solicit partnerships for the project with ADNOC and ADPower. The Eni-operated project will be the first FLNG vessel deployed in a deepwater field offshore the African continent upon its projected 2022 startup. Samsung Heavy Industries completed the operation at its shipyard in Geoje, South Korea.
The same tools that make it fun and easy for you to see a friend's updates online are also pretty good at tying together unconnected databases holding valuable well information. What do 60,000 sensors on 1,200 pieces of equipment add up to? A new event is kicking off in September that will bring together the brightest minds in digital tech and oil and gas. Figuring out the right price for an active oil and gas field is tricky business in the shale sector but one producer explains how it uses data analytics to get a clearer picture.
What does industry need to create successful ecosystems in a new digital reality? While companies identify and implement new technologies to streamline their operations, a greater focus on new cultures, skill sets, and mindsets may be necessary. Companies such as Google, Schlumberger, Shell, and Encana are working to turn the industry’s rat’s nest of data into a goldmine of insight, analysis, and technology. Strides made in data analytics over the past few years have been huge. But the complexity of data, and understanding how to use them, can delay the advantages to be gained.
The large independent says while it is proud of its origins and history, it must make a move to attract new investment and be seen more as an oil producer than a gas producer. Encana CEO Doug Suttles assures that shale executives are acutely aware of the parent-child well challenge, and he doesn’t think it’s “a big threat” to the sector. With big shale mergers dominating the headlines, some of the industry’s most influential financial players gathered to discuss what’s driving the shift in operational and fiscal priorities. Companies such as Google, Schlumberger, Shell, and Encana are working to turn the industry’s rat’s nest of data into a goldmine of insight, analysis, and technology. These days, it is all about digital.
Life is Complicated and Uncertain: Why Not Just Focus on Drilling Faster? Predicting the trajectory of a satellite, or a well, requires sophisticated analysis to reduce the huge uncertainties. That adds to the many things drillers should be thinking about, which can be overwhelming. Advances in space sensing allow direct measuring of gas flaring, opening a window into production trends.
The SPE Annual Technology Conference and Exhibition is fast becoming one of the essential venues for the energy industry’s growing array of startups. All startups awarded a cash prize this year for the viability of their offering call Alberta home. The international major has been playing with intelligent programs for years, but this new deal shows that it is now ready to scale those efforts up to cover hundreds of thousands of pieces of equipment. These days, it is all about digital. Click to find out what industry leaders from Encana, Google, Schlumberger, and Shell have to say about the ongoing transformation towards data-driven profitability.