Technology North America Exclusives

opec_quigley_stratas

The upcoming meeting of OPEC could have a dramatic impact on already volatile crude oil prices. How things play out for crude in 2018 remain to be seen.

NAFTA, oil and gas, energy, negotiation, Rick Perry, BHP Billiton, Talos Energy, Petroleum Services Association of Canada

NAFTA renegotiations could impact the success of the countries’ energy sectors as it relates to logistics, exports, costs and more. But the agreement has been a positive for the industry, company executives said.

Oil And Gas: What’s In It For Millennials?

The industry can take plenty of steps to help attract and retain the younger generation.

Partner, I’ve Got A Headache, Or, How To Make Your JV ‘Marriage’ Work

Like in a marriage, partners in an energy JV must plan ahead, communicate and develop trust.

Trump Administration Approves Keystone XL Pipeline Permit

TransCanada received approval for the 1,179-mile cross-border pipeline application by the U.S. State Department, ending a years-long battle.

Completion North America

Baker Hughes, H.C. Freitag, drilling, completion, technology, shale, unconventional, DUG Rockies, oil, gas

Drilled but uncompleted wells in the U.S. provide an opportunity to examine new shale drilling and completion technology.

Range Resources, technology, proppant, Cowen, energy, Joe Frantz Jr., University of Texas, production, oil,

Technology advances have continued to lead to production and efficiency gains in recent years for Range Resources. The company is now working with a Texas university on a new logging tool to be built by Gearhart.

Refracking, shale, horizontal drilling, IHS, Bloomberg

Refracking has been met with enthusiasm—especially when it works—and skepticism, but in order to move forward, the industry needs a large-scale refracking program and more investment IHS says.

A process called forward-osmosis is applied to clean water used in hydraulic fracturing.

Contracts North America

DOF Subsea said on Nov. 1 it has been awarded two contracts, securing utilization for several vessels in the Subsea IMR Projects segment.

Fugro has been awarded a large survey contract by Mexico’s national oil company, Pemex.

Presidential elections in Mexico next year pose no risk to already-signed oil contracts, the sector’s top regulator said on Sept. 29.

DOF Subsea has been awarded several contracts securing utilization for several vessels in the Subsea IMR Projects segment.

Mexico planned to announce the winners of the first phase of the so-called Round Two tender, which includes 15 shallow-water areas in the Gulf of Mexico, on March 22, Reuters reported.

Digital North America

The industry can benefit quickly by approaching Big Data from the place of maximizing value by minimizing complexity.

Predictive analytics

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.

Companies embrace prescriptive analytics to improve production.

Data-driven models can shed light on factors that influence operations.

Technology and an abundance of data are forcing oil and gas companies to make changes and prepare for new ways of operating.

Equipment North America

Drillers added one oil rig in the week to Oct. 27, bringing the total count up to 737, Baker Hughes, a GE company, said in its closely followed report Oct. 27.

The oil rig count fell seven to 736 in the week to Oct. 20, the lowest level since June, Baker Hughes, a GE company, said in its closely followed report.

Drillers cut five oil rigs in the week to Oct. 13, bringing the total count down to 743, the lowest since early June, Baker Hughes, a GE company, said in its closely followed report.

The oil rig count fell by two to 748 in the week to Oct. 6, Baker Hughes, a GE company (NYSE: BHGE), said in its closely followed report.

Drillers cut three oil rigs in the week to Sept. 8, bringing the total count down to 756, the least since June, Baker Hughes, a GE company (NYSE: BHGE), said in its closely followed report.

Operations North America

By joining forces with Hunter, Houston-based Probe said it plans to accelerate the commercial release of a combinable and technologically-advanced solutions platform.

Alex Pourbaix replaced Brian Ferguson, who left Cenovus after investors balked at the purchase of some of ConocoPhillips' Canadian assets in March.

Brazil and Mexico are competing for a diminishing resource: the investment dollars of oil majors beating a retreat from the big-ticket offshore projects they once coveted.

U.S. rig counts have been falling for several weeks and recently hit a four-month low, while production has grown at a slower rate than the EIA's estimate.

The expected investment and output growth are part of a trend of new Mexican oil companies looking to exploit the energy reforms the country finalized in 2014.

People North America

Carlos Alberto Treviño Medina, Pemex CEO

He replaces José Antonio González Anaya, who has been appointed as the country’s minister of finance and public credit. González Anaya acted as the head of the state-owned company since February 2016.

Populist Andres Manuel Lopez Obrador would require Pemex take minimum stakes in all future oil contracts, and may also revoke two dozen contracts already signed with oil companies, Reuters reported.

Lourdes Melgar previously served as deputy energy minister for electricity, will leave the government as it continues to implement the energy reform, Reuters reported.

Previously, Quesada was chief of staff to the minister at the Secretaria de Hacienda y Credito Publico, Mexico's treasury office, and at the Secretaria de Desarrollo Social, the ministry of social development.

Ethos Offshore Ltd. is backed by investment funds advised and managed by Oaktree Capital Management LP. It is expected to have a contracted backlog of $145 million worth of projects. 

Regulations North America

Ahead of a fifth round of NAFTA talks in Mexico City in mid-November, Washington's tough demands that partners Canada and Mexico resist has clouded the future of the 23-year-old pact.

Standing beside his Mexican counterpart Pedro Joaquin Coldwell during a visit to Mexico City, Perry said it was a top priority to agree on a North American energy strategy, develop untapped resources and diversify energy supplies.

The approval is conditional on Eni getting other state and federal permits, which in past cases are generally granted once BOEM gives the green light.

U.S. securities regulators on June 28 filed civil accounting fraud charges against Canada-based oil and gas company Penn West Petroleum and several of its former top finance executives.

The ministry said in a statement that the minimum extra royalty payments for the June shallow-water auction range from 8.5% to 24.8% depending on the block, while two onshore auctions set for July have minimum values that range from 2.4% to 3.9%.