April 2016 | Volume 68, Number 4
Management: The Power of Cognitive Technology
It has been over a year since Repsol and IBM announced their plans to jointly develop cognitive technologies that would allow human decision makers operating in the oil and gas industry to interact with computers more effectively.
Shale Completions Improve, Despite Shrinking Number of New Wells
Two places that illustrate the mounting challenges facing the shale business are the Bakken Shale in North Dakota, where the number of working rigs is one-third what it was a year ago, and the Fayetteville Shale in Arkansas, where there are no more working rigs.
The Wide Divide Between Fracturing Plans and Reality
What is observed when an unconventional well is fractured is often at odds with what was expected by those who planned the job.
Pressure Changes While Fracturing Add To Marcellus Well Production
When it comes to hydraulic fracturing, steadiness may not be a virtue. That was the conclusion of a test to see if rapid pump rate variations would lead to greater production than conventionally fractured stages when the pressure was held steady.
Surviving the Downturn: Oil Executives See Continued Tough Times Ahead
Holding little back, speakers at the annual IHS CERAWeek conference in February discussed how the industry has been shaped by the disruptive impact of North American shale production and predicted that many more months of financial pressure will spell the end for some companies.
Russian Oil Producers Keep Pushing Up Production
Russian oil production has remained on a growth path despite the plunge in oil prices because producers have built their business on producing oil for less than USD 30/bbl.
World Must ‘Tighten Valves’ on Methane Emissions
The importance of reducing emissions of methane, a short-lasting but powerful atmospheric greenhouse gas (GHG), received close attention from panelists at an IHS CERAWeek strategic dialogue, Tightening the Valves on Global Methane Emissions.
Is Industry Ready for Brownfields’ Prime Time?
The case for focusing on boosting recovery from older fields in a depressed drilling climate is compelling. At a breakfast session during IHS CERAWeek on squeezing more oil from brownfields in a low oil price environment, panelists discussed today’s improved field recovery capabilities.
OTC Offers Top Forum for Ideas To Help Industry Move Forward
With the outlook for the oil and gas industry very much unsettled, the Offshore Technology Conference (OTC) will offer global energy professionals a world-leading forum for obtaining the in-depth knowledge of scientific and technological advances and innovations to meet today's challenges.
OTC Names Winners of Spotlight on New Technology Awards
The OTC 2016 Spotlight on New Technology awards recognize innovative technologies and allows for companies to show the latest advances in offshore exploration and production.
14 Mar 2016
Wellhead Outlet AnTech launched three new products within its Wellhead Outlet (WHO) range. The Type ...
12 Mar 2016
Free-Fall-Lifeboat System Harding has been awarded contracts for nine FF1200 free-fall-lifeboat sys ...
10 Mar 2016
Microleak-Detection Solution READ Cased Hole introduced a microleak-detection solution to help maxi ...
23 March 2016
James A. Cox, Spring, Texas, USA Edward L. Ebbs, The Woodlands, Texas, USA Wesley W. Eckles Jr., Wes.......Read More
22 March 2016
Behrooz Fattahi, 2010 SPE President and 2014 American Institute of Mining, Metallurgical, and Petrol.......Read More
21 March 2016
Kent Thomas, SPE, was elected to the National Academy of Engineering. Thomas, an independent consult.......Read More
20 March 2016
Ganesh Thakur, 2012 SPE President, was elected to the National Academy of Engineering. Thakur is pre.......Read More
19 March 2016
James Pearson, SPE, retired as chairman of the board of directors from Miller and Lents after 42 yea.......Read More
18 March 2016
Replacing James Pearson as chairman of the board of Miller and Lents is Robert Oberst, SPE. Oberst j.......Read More
Roy “Lee” Comer
17 March 2016
Miller and Lents announced that Roy “Lee” Comer, SPE, has replaced Roberto Oberst as president. He w.......Read More
16 March 2016
Melody Meyer, SPE, will retire from Chevron as president of Asia Pacific exploration and production .......Read More
Statoil Gets a Jump on Offshore Costs
One of the latest offshore innovations from Statoil is nothing flashy, which is the point. A drawing shows a plain, steel jacket, standing in water 110 m deep, topped with a flat metal deck.
New Technology To Cut Electric Costs, Not Production
Everhart Energy Technology, a startup company based in Beverly Hills, California, has developed a system it believes will help small to medium-sized operators cope with the reality that, while oil prices have fallen, their electric bills have not.
Onshore Support for Mexico’s Deepwater Blocks Lacking
The deepwater blocks Mexico plans to lease to international operators in December are among the deepest, most remote, and geologically challenging in the world. But the difficulties of developing these areas will start onshore, where adequate and secure port facilities are few and far between.
Emerging Technology Manager, Baker Hughes
Reservoir Engineer, Petrobras Research Center
ON THE COVER
2016 SPE President
SPE Board Announces Nominees: 2018 President and 2017 Directors
Darcy Spady has been nominated for 2018 SPE President, and seven other members were nominated to fill vacancies on the 2017 SPE Board of Directors.
BEYOND THE HEADLINES
Beyond the Headlines—Fugitive Gas and Flaring: Current and Future Realities
Are fugitive releases of natural gas and flaring environmental concerns? Can these be ameliorated today and even better in the future? Yes and yes.
Once you've found natural gas, what do you have to do to prepare it for market?
PetroWiki is a free resource from SPE to answer many basic petroleum engineering and operational questions. SPE professional members can contribute their expertise through updating or adding to PetroWiki content.