By using a CAT scan-like technology in the Eagle Ford, hopes are to better understand geology to effectively adjust well spacing and completion designs.
Activity slowdown from falling commodity prices is hitting both component manufacturers and well stimulation equipment fabricators. Both sectors cite a steep drop in new orders. Most new orders are only to replace retiring equipment.
Research shows using microseismic data with refracks could help lift recovery from old wells, providing an alternative to drilling new wells.
Four ways to accelerate automation in the oil and gas sector is to eliminate, simplify, standardize and virtualize, according to a Siemens engineer.
With big data and predictive analytics, operators can use production surveillance, comparing predictions to new actuals to determine how a particular oil or gas asset is performing. In response, adjustments can be made to improve production and overall operations.
The emerging Paleogene play in the US Gulf of Mexico continues to offer increasing encouragement for major deepwater discoveries, with Chevron confirming a significant find.
Shell's CEO Ben van Beurden says, "there is a lot more to do" in its North American deepwater sectors.
Given lower oil prices, Mexico is carefully choosing which fields will be part of each round.
Chevron U.S.A. Inc. will work with BP Exploration and Production Inc. and ConocoPhillips Co. to explore and appraise 24 jointly held offshore leases in the northwest portion of Keathley Canyon.
Encana Corp. has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc.
Statoil has agreed to reduce its working interest in the non-operated U.S. southern Marcellus onshore asset from 29% to 23%, following a $394 million transaction with Southwestern Energy, Statoil said in a news release.
Woodside has finalized an agreement with BP to farm in to offshore blocks in the Scotian Basin located off the coast of Nova Scotia, Canada.
The availability of dual-fuel engines and dedicated natural gas engines has created more fuel options in the oil patch.
Shell is committed to drilling for oil in Alaska despite opposition from environmentalists and a pledge to reduce spending.
Mexico produced 2.35 MMbbl/d of oil this month through Dec. 28, according to data the Mexico City-based company posted online.
Husky Energy has commenced steam operations at the in situ Sunrise Energy Project in northeast Alberta.
The focus comes as oil and gas operators venture into new frontiers and go deeper into mature ones.
Mike McGhan, former Valerus and Hanover Compressor co-founder, has joined Fossil Bay Energy to serve as chairman, according to a news release.
Operators already qualified for the round must now fulfill a 10 Mbbl/d minimum threshold of production.
Mike Harvey of Stonegate Production Co. is using his technology-driven savvy to score another business success.
Operators seek greater efficiency and lower cost per barrel in a challenging price environment.
McNichol succeeds Steve Knowles, who will retire from Wood Group on April 1.