Exclusives

The push to exploit big data and apply analytics comes as operators work to increase production.

The forecast presented at Rio Oil & Gas 2014 finds capacity will continue to grow despite challenges.

Some companies have found ways to reduce freshwater use as areas with shale resources battle drought.

The company’s production in the play tops 2 MMboe/d.

According to a PwC survey, 49% of CEOs are somewhat or extremely concerned about cyberattacks in their organization.

Exploration

Exploring new areas, applying current or new technology in existing fields can revive production, a researcher said.

As channel count soars, many are reaping the benefits of better land seismic images.

The company is targeting areas worldwide, including in Latin America and Russia.

Production

OPEC is resisting pressure to cut oil production while demand slumps as it tests how low prices must go to make U.S. shale oil unprofitable. 

Better chemical formulations and lower cost, advances in laboratory analysis and higher oil prices are making chemical EOR more economically viable.

Growth of non-OPEC supplies is predicted to continue next year, but at a slower pace.

Technology

EMAS AMC has won multiple new awards from various energy companies valued at more than $70 million.

KBR, Inc. has been awarded a three-year master services agreement (MSA) with Statoil Petroleum to provide engineering and procurement services for Statoil on a global scale, according to a news release.

OneSubsea has signed a 10-year global frame agreement with BG Group to supply subsea production equipment and aftermarket services.

Total SA appointed Patrick Pouyanne CEO, succeeding Christophe de Margerie, killed in a plane crash earlier this week.

Ocean Rig UDW Inc. has been awarded extensions of the drilling contracts for its two ultradeepwater drillships, the Ocean Rig Corcovado and the Ocean Rig Mykonos, by Petrobras.