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Analysts forecast global oil production in fourth-quarter 2018 will increase by about 705,000 bbl/d.
Check out the latest activity highlights from around the world.
E&P companies are quietly at work proving up the next generation of unconventional plays.
The oilfield service company is using digital technologies such as the Internet of Things, cloud computing and advanced analytics in an effort to improve production efficiency in the oil patch.
The Irving, Texas-headquartered company reported Nov. 2 third-quarter earnings increased 57% to $6.24 billion, compared with $3.97 billion a year earlier.
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.
Check out the latest international news highlights.
Operators gain production control and increase flow assurance through sand monitoring.
The next year will be another challenging time for offshore drillers due to continuing supply overhang even though prices are starting to improve, the CEO of rig firm Seadrill told Reuters on Nov. 27.
Drillers have been predicting an upturn for more than a year only to disappoint but debt ratings firm Moody’s Investors Services said last month that it believed 2018 could mark the low point for industry earnings.
Embracing digitalization can help operators maintain a competitive advantage.
A new cementing system enhances barrier integrity.
A new additive helps lower surface and interfacial tension.
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.
Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise after 2020 to boost output, said asset manager BlackRock.
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.