Following a year of slow economic recovery, unstable price fluctuations, and damaging incidents in the GoM and China, the oil and gas industry is predicting healthy investment in new exploration and market opportunities over the next 12 months.
After only a year and a half of operations, OGX is expecting the arrival of its first FPSO in July 2011 and plans to begin production by August, with a year-end production goal of 20,000 b/d.
Beware of analogous fields – testing in a New Mexico field indicated that one field would not perform as well as its neighbors.
The right combination of technologies can shorten development cycles, increase production, and extend reservoir life.
A high-resolution airborne magnetic survey will serve as a reconnaissance tool to high-grade prospects offshore Uruguay.
Combining a variety of geophysical measurements gets operators closer to the final answer.
Drilling performance is paramount when operating in challenging deepwater environments. Data gathering and up-close observation of the processes involved in drilling a well can raise benchmarks on a fleet-wide basis.
As offshore exploration goes deeper, newer designs focus on increased storage for fuel and equipment and increased automation.
The ability to reliably and cost-efficiently manage water associated with offshore production could be the difference between successful and marginal operations.
Swellable packers and ICDs currently are providing significant benefits and greater diversity than ever before in sand and water control.
Activity in the Horn River Basin is slow due to low gas prices. But a change in market economics could turn this play into a barnburner.
E&P announces this year's winners.
As exploration efforts continue to find additional presalt reserves, R&D dollars are pouring into technology development that will allow safe and efficient production.
While opportunities in Brazil are compelling, there are project development and execution risks.
The country’s presalt regulatory framework might be the key to success.
The Gulf of Mexico’s oil and gas industry has been the most written about, talked about, and misunderstood business on the planet for the past year. But as the cliché goes – a year is a long time in politics, business, and, in this case, the world of upstream oil and gas.
Trade associations can accomplish what individual member companies cannot – a substantive, united voice.