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

Vallianz Holdings Ltd. has clinched letters of award and new charter contracts with total value of $64 million in Mexico, West Africa and the Asia-Pacific region.

SBM Offshore has launched two companies, Imodco Terminals S.A. and Imodco Services S.A.

Jurong Shipyard, a subsidiary of Sembcorp Marine, has been contracted by MODEC Offshore Production Systems (Singapore) Pte. Ltd. to complete the repair and life extension and conversion of a very large crude carrier into an FPSO vessel.

Odfjell Drilling and William Jacob Management have signed a cooperation agreement under which the companies will mutually deliver engineering services of offshore drilling facilities.

Robert Fraser has been named regional business development manager for Greene’s Energy Group, the company said in a news release.