Exclusives

Technology transfer programs can fill the R&D need for small to midsize companies.

regina_mayor_kpmg_energy_oil_gas_power

At KPMG’s annual Global Energy Conference, confidence in the global economy abound, but political uncertainty and Asia’s growing energy demand shapes the role of the U.S. energy on the world stage.

DUG Permian, frac sand, Hi-Crush, Black Mountain Sand, Atlas Sand, Permian

Frack sand suppliers are racing to fill growing sand needs and address logistical concerns in the Permian Basin.

GE, Noble Corp., digital drilling rig, drilling rig, oil and gas

A partnership to collaborate on a digital rig solution that enables data-driven operational efficiency by using data analytics could transform the way drillers operate.

DUG Permian, Midland Basin, Lance Robertson, Endeavor Energy Resources, completions, production, Permian

The company is seeing the benefits of optimized landing points and completion density.

Completion

Enhanced designs increase well productivities.

Subsurface AI systems can help maximize efficiencies.

A study of the Middle Bakken showed how physics-based multivariate analysis helps completion optimization.

Creating reservoir flow profiles can enable better well and field management decisions.

Study shows improvements might be needed in appraisal programs.

Drilling

Saudi Energy Minister Khalid al-Falih expects a "reasonable and moderate" agreement next week when OPEC and non-OPEC oil-producing nations meet in Vienna, he told reporters in Moscow on June 14.

Top Chinese oil and gas firm PetroChina (NYSE: PTR) struck high flow rates in a deep shale gas well in Chongqing in southwest China, the Xinhua News Agency reported on June 13.

The projects, known as Liza Phase 1, include the conversion of an oil tanker into a FPSO vessel, which would have a production capacity of 120,000 bbl/d of oil.

The drilling of the Moftinu – 1007 well has concluded achieving a total planned depth of 1,463 m (4,799 ft). The well was drilled according to schedule and approximately 20% below budget.

Iran is pursuing a plan to increase its oil output by 460 MMbbl within three years, oil minister Bijan Zanganeh said on June 9, according to SHANA, the news site of the Iranian oil ministry.

Enhanced Oil Recovery

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.

Hunting Plc, the international energy services company, said March 26 it has signed a collaboration agreement with U.S.-based EOR company, Titan Oil Recovery Inc.

With a well test underway, one independent energy company works to decipher the Bakken’s EOR secrets.

The company plans to expand its use of carbon capture, use and storage technology to meet a sixfold increase in the utilization of CO2 for EOR over the next 10 years.

Middle Eastern oil and gas producers are now focusing on developing unconventional resources like heavy crude oil.

Field Development

Royal Dutch Shell has introduced gas to its 490-meter long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before start-up, a spokeswoman told Reuters on June 13.

South Sudan's officials also agreed with their visiting Sudanese counterparts to "evaluate and assess the damage" to South Sudan's oil fields in the Heglig area in the country's north.

The oil major sees deep water as a material part of its overall upstream portfolio.

Check out the latest activity highlights from around the world. 

Production from the subsea deepwater development comes after Shell reduced its costs by around 30% to allow it to generate profit at less than $30 a barrel, the company said.