Technology World Wide Exclusives

Although offshore well spending growth is expected to fall again this year in some analysts’ views, the sector could see better times in the coming years.

A system looks to optimize value in directional drilling by minimizing deviation from planned wellbore trajectory, minimizing tortuosity and more.

E&P spending in North America is expected to lag behind international markets, where some regions could see double-digit spending growth.

A reliability-centered maintenance strategy built on asset data can help producers get ahead of failures, improve reliability and reduce risks.

As 2018 closed with a flurry of good news, 2019 is set to deliver new discoveries and technologies to the oil and gas industry.

Completion World Wide

Quality control processes are key to keeping turbidities and silica exposure low.

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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.

New completion software provides operators with more valuable, faster business decisions in a digital world.

As digital innovations take hold, the oil and gas industry is undergoing an evolution of its workforce.

Schlumberger, Paal Kibsgaard, oil, drilling, technology, hydraulic fracturing, investment

The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’

Contracts World Wide

Sapura Energy Berhad on June 21 scored another nine new contracts valued at approximately RM1.8 billion.

The contracts cover integrated well services, such as directional drilling, drill bits, fluids and cementing, for an initial four years, and can be extended for up to 10 years.

Ophir Energy is replacing CEO Nicholas Cooper with immediate effect, the company announced on May 18, amid delays in funding a major gas project in Equatorial Guinea that have slashed its share value in the past year.

Ophir Plc has entered into a farm-out agreement with Kosmos Energy (NYSE: KOS) covering the EG-24 exploration license in Equatorial Guinea, the company said on May 14.

Saudi Aramco’s Nasser downplays emergence of alternative fuel vehicles.

Digital World Wide

Intelligent applications capable of automatically generating new workflows for the subsurface will transform the industry.

Providing risk visibility through an effective process safety program increases efficiencies.

Executive Q&A: The Digital Oil Ambassador

Google Cloud’s Darryl Willis is leveraging his oil and gas experience as a geophysicist with BP to bridge the digital divide between industry and the inevitable transition to artificial intelligence.

Machine learning neural networks can be an alternative to traditional decline curve analysis techniques, analysts say.

New technologies can help alleviate the challenges a changing workforce faces.

Downhole World Wide

A proven method forces injection fluids outside the path of least resistance through dispersion.

A new design and changes in metallurgy shift wear from expensive pump fluid ends to sacrificial consumable components.

A new wireless downhole tool unlocks the potential for significant cost reductions.

Embracing digitalization can help operators maintain a competitive advantage.

A new cementing system enhances barrier integrity.

Equipment World Wide

Check out the latest products and services for the upstream oil and gas industry.

A new sliding sleeve fracturing tool addresses limitations of single-point entry systems.

Improvements began with building reliability and performance into pressure pumping systems.

Advances in sliding sleeve technology drive efficiency and keep pace with growing completion program requirements.

Proserv has secured a contract worth over $5.5 million with Repsol to upgrade and build new subsea production control equipment for the Yme field redevelopment in the Norwegian North Sea.

Operations World Wide

Medco confirmed this week that it was in talks with Ophir about a possible cash offer for the oil and gas exploration and production company currently based in Britain.

Proposed U.S. legislation known as "NOPEC" could open OPEC up to anti-trust lawsuits, which complicates plans for an OPEC+ format that would've included Russia, the country's energy minister says.

A century-long border dispute with Venezuela has heated up in recent years as Exxon Mobil has discovered more than 5 billion barrels of oil and gas off Guyana's shores.

Though the startup of Shell's Prelude FLNG later and cost more than originally estimated, it is expected to further cement Australia's lead as the world's biggest LNG exporter.

Oil stabilized on Dec. 19 after one of its biggest falls in years, but remained under pressure from oversupply and concern that a slowing global economy would depress demand for fuel.

People World Wide

Check out the latest new hires, promotions, appointments and other company news. 

Chevron made several leadership changes on Dec. 10 including naming Dale Walsh as the company’s next vice president of corporate affairs and Navin Mahajan as vice president and treasurer.

‘It’s not about what we get; it’s about how we get it and how we use it,’ Plank once said.

In conjunction with the retirement of Al Hirshberg, ConocoPhillips said it will name Matt Fox COO. In addition, the company expanded Don Wallette Jr.’s role as CFO.

Check out the latest new hires, promotions and other company news.

Regulations World Wide

Any attempt to stop the Russian-backed Nord Stream 2 pipeline would be difficult now that it is being built, European Commissioner Guenther Oettinger said.

Oil prices fell on Dec. 27 after rebounding 8% in the previous session, with prices pressured by concerns over a faltering global economy and worries about a glut in crude supply.

Oil surged on Dec. 26, erasing some of the steep losses that have taken crude benchmarks to lows not seen in 1-1/2 years on perceptions the price slide has gone too far, too fast.

U.S. and Norwegian oil majors Chevron (NYSE: CVX) and Equinor (NYSE: EQNR) have become the latest target of activist investors moving to force five of the biggest oil companies to commit to fixed emissions targets and align with the Paris climate agreement.

The Nigerian government filed a $1.1 billion lawsuit against Shell and Eni in a commercial court in London on Dec. 13 in relation to a 2011 oilfield deal involving block OPL 245.