Helicopter Departing Statoil’s Gullfaks Crashes, 13 Dead

In wake of the accident, Statoil has temporarily shut down production at Gullfaks B; aviation authorities have banned Airbus EC225LP helicopters from flying until further notice.

ExxonMobil, profit, earnings, production, exploration, Woodbury

ExxonMobil Grows Production, Cuts Costs As Profit Falls

The company is paying attention to demand growth as it works to maximize shareholder value.

Fizz Tracker: K-Waves Take Lead In Carbon Dioxide EOR Surveillance

Real-time monitoring of CO2 in EOR applications is made possible with K-waves.

Wood Mackenzie, oil, exploration, production, supply, discoveries, discovery

Study: ‘Poor’ Exploration Results Could Lead To Oil Shortfall

The volume of liquids discovered has plummeted annually from 8 Bbbl from 2012 to2015 to about 19 Bbbl, according to a recently released study.

BP, production, oil, projects, upstream, gas, Brian Gilvary

BP Pushes ‘Next Wave’ Of Upstream Projects

The company expects startups of 2016 and 2017 projects to put in place 500,000 barrels per day of new net BP capacity by year-end 2017.

QSI, Paradigm, seismic

QSI Plays Role In Quest To Lower Drilling Uncertainty

Quantitative seismic interpretation is about transforming seismic data, with units that are nebulous and vague at best, into physically meaningful units similar to a well log.

Schlumberger, Paal Kibsgaard, oil, drilling, technology, hydraulic fracturing, investment

New Technology, M&A Steer Investment For Schlumberger

The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’