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The U.K.-based research firm said 70% of the fields it studied, which had limited appraisal, were not performing according to the operator’s development plan.
Check out the latest activity highlights from around the world.
Deloitte talks production, exports, technology and more on what trends to watch out for this year.
Will momentum behind electric vehicles threaten the sustainability of oil and gas markets?
After a volatile 2017, oil markets turn towards 2018 and the topics that will dominate the next 12 months.
Enhanced completions onshore and subsea tiebacks offshore are contributing to production gains, but low commodity prices are taking away profit potential.
With low prices pushing some companies into the red, oil majors have had to sharply cut costs and rein in growth plans.
Understanding drainage volume and improved permeability of stimulated rock is essential to forecasting production, according to MicroSeismic Inc.
According to a new IHS report, more than 170 mature oil plays worldwide have the potential from horizontal drilling and hydraulic fracturing to produce as much as 141 billion barrels of oil.
U.S. drillers added nine oil rigs in the week to Nov. 22, bringing the total count up to 747, Baker Hughes said in its closely followed report.
The company plans 3-mile horizontal laterals in the basin as it looks to capture value in several areas in shale plays.
In the outlook for crude prices, a crucial factor is how far U.S. shale oil production can grow.
Borr Drilling Ltd. is building up its fleet, having reached a deal to buy nine jackup drilling rigs from Sembcorp Marine subsidiary PPL Shipyard (PPLS) in a $1.3 billion deal.
Rotary steerable systems have evolved to improve wellbore positioning accuracy, borehole quality and drilling efficiency. A wide offering of systems makes achieving all three possible in multiple applications, according to Schlumberger.
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.
Saudi Aramco is already using nanotechnology to measure water-oil interfaces in waterfloods and with EOR surfactants.
Check out the latest exploration, drilling and production highlights from around the world.
Development Briefs For Dec. 21
Saudi Aramco is pushing ahead with energy projects that it has listed as a priority to keep the world well supplied with oil while meeting increased domestic demand for gas to fuel industrial growth.
The company is attributing its success in the Permian to its Midland Basin drilling program and a production ramp-up at the Delaware Basin’s Alpine High.
Indian firms led by ONGC Videsh, the foreign investment arm of Oil and Natural Gas Corp., have been negotiating with Iran for development rights of Farzad B gas field since its discovery in 2008.