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SPE Commends US Securities and Exchange Commission for Modernizing Rules Governing Oil and Natural Gas Reserves Reporting

CONTACT: Margaret Watson (+1.972.952.9304 or mwatson@spe.org)

RICHARDSON, Texas (5 January 2009) — The Society of Petroleum Engineers praised the US Securities and Exchange Commission for modernizing its rules governing oil and natural gas reserves reporting, which the SEC announced in a press release on December 29, 2008.

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AIME eNews offers update for member societies

The quarterly eNews of the American Institute of Mining, Metallurgical, and Petroleum Engineers (AIME) provides news and upcoming events for member societies, including a report on the Emerging Leaders Alliance (ELA) that seeks to foster leadership in the engineering and scientific community. SPE young professionals attended the ELA meeting in October.

SPE establishes new Completions Optimization and Technology Award

The SPE Honors and Awards Program recognizes significant technical and professional contributions to the worldwide oil and gas industry. To address overlapping technical categories within the Production & Operations Award and Drilling & Completions Award disciplines, the SPE Technical Directors recommended a new Completions Optimization and Technology Award. The Drilling and Completions Award will change to the Drilling Engineering Award because completions will fall under the new award. The Completions Optimization and Technology Award will encompass the following technical disciplines: Continue reading

SPE Members Invited to Edit, Expand New Multi-Language Glossary

The SPE E&P Glossary is a new multi-language reference for upstream oil and gas terms. SPE members are encouraged to directly add or edit terms, definitions and translations. To start the glossary, SPE member George E. King, BP, contributed a collection of about 4,000 English terms and definitions that he developed. Initial languages targeted for translation are Chinese, Russian, Spanish, and Portuguese. English terms may also be added or edited. Instructions are provided with the glossary.

http://www.spe.org/glossary

2008-2009 SPE Distinguished Lecture schedule announced

The scheduled appearances at SPE section meetings of the 29 SPE Distinguished Lecturers has been posted on SPE.org. The Distinguished Lecturer Program, supported by the SPE Foundation, offers a unique opportunity for members and guests to hear from industry leaders discussing challenges, trends, and technology. All six disciplines encompassed by the Society are represented in this season’s slate of lecturers, and includes presentations on reservoir management, artificial lift, hydraulic fracturing and more.

Five full-length Distinguished Lecturer videos now available

Full-length videos of five selected SPE Distinguished Lecturers are available free through July. Normally these are open to SPE members only. SPE members, share them with your colleagues, and then invite them to join SPE. PDF versions of the lecturers presentations are also posted, allowing you to view detailed graphs and images.

Indonesian president calls for more cooperation

In an article appearing in the latest edition of Talent & Technology, Indonesian President Susilo Bambang Yudhotono said, “…the economies of the world must brace themselves for tougher times, which have not been helped by continuing geopolitical uncertainties, as well as the challenges of how to add to world oil reserves and how to increase production of oil and gas.”

Archived Press Releases

Meetings

14 Nov 2007 SPE Annual Conference Emphasized People and Technology for Meeting Worldwide Energy Demand
21 Mar 2007 SPE Asia Pacific Health, Safety, Security and Environment Conference and Exhibition
27 Sep 2006 Society of Petroleum Engineers Annual Conference Focuses on Technology to Meet Future Energy Demand
25 Sep 2006 SPE to Honor Award Recipients and Distinguished Members at ATCE 2006
10 Aug 2004 ASME-IPTI and SPE to Jointly Sponsor Technical/Scientific Workshops

Reserves

11 Apr 2007 SPE Approves New Petroleum Resources Management System
16 Oct 2006 Society of Petroleum Engineers Posts Updated Reserves Definitions for Industry Comment
28 Jun 2006 Society of Petroleum Engineers and UNECE Implement MOU to Develop a Global Harmonized Classification System for Petroleum Resources
07 Feb 2006 Society of Petroleum Engineers Encouraged by CERA Endorsement of SPE Standards for Evaluating Oil and Reserves

SPE News

29 Jan 2008 Society of Petroleum Engineers Membership Reaches New High; Over 79,000 Members Worldwide at 2007 Year-end
30 Oct 2007 Chevron, SPE Announce Two-Year Agreement To Underwrite Student Member Dues
29 Oct 2007 SPE Opens Moscow Office to Serve Growing Russian Membership
12 Apr 2007 Professional Societies Launch OnePetro.org: Online Multi-Library Resource for Energy Technical Papers
19 Jan 2007 SPE Board Member Selected as Houston Area Engineer of the Year
20 Jul 2006 Professional Societies Announce New Joint Search Service
23 Mar 2005 BJ Services Sponsors SPE Online eLibrary for Students
27 Sep 2004 SPE Launches Training Marketplace
12 Aug 2004 E&P Associations Launch Virtual Student Expo
29 Jan 2004 SPE Membership Reaches Highest Ever
21 Jan 2004 SPE Launches Online Consultants Directory