Exclusives

Check out the latest activity highlights from around the world.

A cost-effective microbial control program can offset negative impacts on affected production.

Embracing digitalization can help operators maintain a competitive advantage.

Saudi Arabia and Russia won’t add significantly more oil to the market because of a lack of capacity, a top Iranian official said on Sept. 24, predicting prices will probably rise further.

Completion

A proppant silo system increases efficiency and storage capacity.

Study shows improvements might be needed in appraisal programs.

Recent activities point to increasing unconventional resource development outside of North America.

Operators gain production control and increase flow assurance through sand monitoring.

Check out the latest international news highlights.

Drilling

Offshore rig owner Seadrill is prepared to make acquisitions if opportunities arise amid ongoing consolidation in the industry, the company's chief executive told Reuters on Sept. 12.

New service offers flexibility to switch between electromagnetic and mud pulse telemetry modes.

‘Onshore drilling just has better economics currently [and] cycle times also play a key role in offshore projects versus onshore drilling,’ said Sarp Ozkan, DrillingInfo’s director of energy analysis.

Oil rose on Aug. 6 after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10% below its 2018 high of more than $80 a bbl.

Greater adoption and effective use of enhanced digitalization in the rig inspection and audit market are delivering benefits and reducing risk.

Enhanced Oil Recovery

With the rapid growth of produced water and infrastructure constraints operators have to find new ways to tackle it.

Fourteen companies have expressed interest in oil and natural gas exploration and development contracts to be auctioned by Iraq on April 25, the oil ministry in Baghdad said on April 14.

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

The upstream industry driving is forward with new technology initiatives aimed at sustaining production levels.

Taking integration to the next level, model-based technologies aid in heavy oil production and maximize the potential of the digital oil field.

Field Development

Malaysian oil and gas company Hibiscus Petroleum is aiming to double its oil output in the U.K. North Sea and in Malaysia to 20,000 barrels per day by 2021.

Consorcio Petrolero 5M del Golfo, a small energy firm operating in Mexico, has returned one-third of an onshore area won in a 2015 auction, the country's oil regulator said on Sept. 13, 2018, citing studies showing limited potential for production.

A Barnett Shale case study demonstrated the value of estimating dynamic Biot’s coefficient from well logs using rock physics.

Leverage software to reduce risk, improve safety and add value.

The development, which includes two new bridge-linked platforms, has been designed to produce until 2050 with a peak production capacity of 120,000 barrels per day.