As hackers unleash clever cyberattacks, companies and individuals can work together to protect valuable data.
Today’s conditions also present a chance for different players to come together, identify challenges, find solutions and spread knowledge.
Industry cooperative pushes pressure prediction, life-of-field seismic in its latest projects.
Artificial lift and subsea processing are among the technologies to watch.
Barclays forecasts E&P capital spending in the Middle East to rise to about $46 billion this year.
According to WoodMac, its analysis of 2,222 oil fields suggests that if Brent crude falls to US $40/barrel, which is entirely possible, 1.6% of global oil supply could turn cash negative on an operating cost basis.
At PETEX 2014, Richard Herbert, COO, Exploration at BP, highlighted a number of global trends in exploration that he believes will be factors as energy demand continues on its ongoing growth curve.
The oil and gas industry is notoriously slow when it comes to technology uptake. Someone apparently forgot to tell that to the exploration folks.
Apache Corp. has agreed to sell its interest in two LNG projects, Wheatstone LNG and Kitimat LNG, to Woodside Petroleum Ltd.
Exploring new areas, applying current or new technology in existing fields can revive production, a researcher said.
Oversupply in crude markets could take months or even years to fix depending on when producers outside OPEC cut their output, Abu Dhabi-based The National reported, citing comments by U.A.E. Energy Minister Suhail Al Mazrouei.
OPEC has signaled it won’t cut supply to influence prices, instead preferring to defend market share amid an unprecedented U.S. shale boom.
Latest technologies aid decision-making and boost efficiency.
Key technologies are revolutionizing the drilling environment.
Standard & Poor’s Ratings Services revised its outlook to negative for Shell, Total and BP as the oil-market rout driven by weakening demand and a flood of supply from American shale fields threatens cash flow into 2016.
This joint technology-focused program is aimed challenges facing global oil and gas production, including flaring, CO2 and methane emissions, and water usage, while also optimizing business operations, Statoil said in a news release.
BG Group has entered an agreement with GasLog Ltd. for GasLog to acquire two modern tri-fuel diesel electric LNG carriers; BG Group will charter back the two vessels.
MDU Resources Group Inc. has announced that Pat O’Bryan will become CEO of its Fidelity Exploration & Production Co.
McDermott International Inc. and GE Oil & Gas launched io oil & gas consulting, a new independent venture for front-end offshore field development.
The drillship, which can accommodate a 20,000-psi BOP system, has been designed in full compliance with the ABS Guide for the Classification of Drilling Systems.