Consortium Combines Best Of Geophysics, Reservoir Engineering

Heriot Watt University in Edinburgh has run a consortium devoted to time-lapse seismic, not within its geophysics department but within its petroleum engineering department.

China’s Clean Energy Push Helps Fuel Expected Rise In Gas Demand

Natural gas demand is forecast to increase 94% within six years, according to a recently released report. Demand for oil and coal are also predicted to rise, but not nearly as much.

Microseismic Plus Refrack Could Equal More Production

Research shows using microseismic data with refracks could help lift recovery from old wells, providing an alternative to drilling new wells.

Jed DiPaolo, Duff & Phelps, oil, gas

Ignore The Light, Focus On The Tunnel

Industry veteran warns that the downturn could be a three-to-four-year issue—and much tougher than anticipated. "Make sure you have liquidity to 2018," he says.

Iran Sets Sight On Million-Barrel Production Boost Following Sanctions

Iran is seeking a final agreement with international powers by June that would curb its nuclear program in exchange for phasing out sanctions that have cut its crude exports, choked cash flow and halted most oil investment.