The OPEC meeting was split between those who backed an output cut to support prices, led by Venezuela, and those who didn’t, led by Saudi Arabia.
The Nov. 27 decision in Vienna propelled futures to the lowest since 2010, a level that means some shale projects may lose money.
The focus comes as oil and gas operators venture into new frontiers and go deeper into mature ones.
Threats to new investment stand alongside political risks to oil and gas production.
Experts talk about the sector’s past, present and future.
The largest problem facing hydraulic stimulation in Australia is Earth stresses—a rarely regarded problem.
Operators in North American shale plays are using more than 5 MMlbs of frack sand per well.
Enhanced completions are migrating to shale plays across parts of North America.
Pétrolia has resumed drilling at the Haldimand 4 site, located in the wooded area near Sandy Beach in Canada, according to a news release.
CNOOC Ltd. announced that the Golden Eagle Area Development (GEAD) in the U.K. North Sea commenced production.
The company may spend several billion dollars over this decade on an effort it’s calling Project 20K.
The company plans includes drilling 650 development wells in the Raniganj East Block.
Coreflooding measures the effectiveness of water or gas injected into an oil-bearing rock sample to displace oil. This can be used to assess the potential for water flooding in an oil field, BP said in a news release.
The NRG Energy and JX Nippon Oil & Gas project aims to turn waste into revenue using technology.
Better chemical formulations and lower cost, advances in laboratory analysis and higher oil prices are making chemical EOR more economically viable.
NRG has started construction on a $1 billion coal plant retrofit for the project.
Senex Energy Ltd. has started production from the recently discovered Martlet oil field in the Western flank of the Cooper Basin.
According to the preliminary results of the flowback and production testing of Cambay-77H, the commercial development of Cambay Field in India using multistage fracturing technology is feasible.
Crude oil and natural gas production has begun at the Jack/St. Malo project in the Lower Tertiary trend, deepwater GoM.
The Panyu 34-1/35-1/35-2 project in the Pearl River Mouth Basin of the South China Sea has started production, CNOOC Ltd. said in a news release.
Participants in the North West Shelf (NWS) gas development project have approved the Persephone Project off the northwest coast of Australia, operator Woodside Energy Ltd. said in a news release.