August 2019 | Volume 71, Number 8
Oilfield Flares Provide a Glaring Reminder of the Drive To Produce More Oil
Oilfield flares are a bright indicator of rapidly rising oil production that exceeds pipeline capacity. And it raises the question: Why are oil companies in such a hurry?
These Five Companies are Reinventing the US Frac Fleet
Pressure pumping equipment has been one of the most neglected areas of technological advancement. This has started to change as innovative developers push out new technologies that are slowly modernizing fracturing fleets, delivering major fuel savings, and creating other tangible efficiencies.
Digitalization, Unconventionals, and Sustainability Take Center Stage at ATCE 2019
For the first time in its more than 90-year history, the 2019 SPE Annual Technical Conference and Exhibition will be held in Calgary, Canada. Its focus will be on three key areas—big data and digitalization, unconventional resource optimization, and sustainability.
Workshop in Kuwait Lifts the Bar in Digital Transformation for O&G
To analyze the current status of digital transformation strategies and the pace of implementation in the Middle East, an SPE Applied Technology Workshop brought together operating and service companies and consulting firms for a discussion.
Event Covers State of the Art in Plugging and Abandonment
An SPE Forum held recently in The Hague, The Netherlands, brought together professionals from production and service companies, regulators, and stakeholders to discuss issues that are shaping the well plugging and abandonment sector.
Report Recounts the Missed Signals Leading to a Blowout that Killed Five
Regulators say the blowout that killed five workers on a Patterson-UTI rig in Oklahoma was the product of a slow-moving series of missed signals, misleading testing, and miscalculations that failed to control a natural gas influx.
More Tweaks Than Transformation in Rewrite of Well Control Rule
The new well control rule is evidence that memories of the Macondo blowout remain a powerful force for caution. Despite the rhetoric on both sides of this hot-button issue suggesting big changes, the final changes were incremental.
Make or Breakeven: Is Unconventional Oil Production Getting More Efficient?
If the benchmark oil price is $10/bbl higher than the breakeven price for production that means companies are making good money, right? Maybe, but it’s hard to know what goes into a breakeven price.
Hurricane Hits First Oil From Basement Reservoir in North Sea
This new development is the first to recover commercial quantities of oil in the UK from reservoirs that are generally considered non-productive.
New Merger to Create Third-Largest US Pressure Pumper
As the hydraulic fracturing market faces pressure to lower costs, Keane Group and C&J Energy Services announce they will combine their businesses.
ExxonMobil Proceeds with Long-Term Vaca Muerta Shale Oil Development
Up to 55,000 BOE/D of output is expected from the ExxonMobil-operated Bajo del Choique-La Invernada block in the Argentine shale play, with a possible second phase producing up to 75,000 BOE/D.
Global Energy Demand in 2018 Grew at the Fastest Pace This Decade
Natural gas accounted for almost 45% of global demand growth last year.
Dorado Discovery Off Australia Is Bigger Than Expected
After drilling the Dorado-2 appraisal well, operator Santos Energy now expects a big increase in gas resources from predrill estimates, adding to one of the largest oil resources ever found on Australia’s North West Shelf.
Shouxiang (Mark) Ma
Senior Consultant, Saudi Aramco
Formation evaluation drew special attention at the 2019 International Petroleum Technology Conference Education Week in Beijing, 24–28 March 2019. The student team that worked on Integrated Formation Evaluation for Resources Exploration and Reservoir Delineation won the first-place award.
Birger Velle Hanssen
Global Sales Manager, OneSubsea, a Schlumberger Company
Principal Consultant, vPSI Group
Health, Safety, and Environment
A critical support role within the upstream sector is played by the thousands who work in HSE and sustainability. The HSE performance of the industry has improved dramatically over the decades because of technological advances and a greater understanding of systems, processes, and human performance.
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ON THE COVER
2019 SPE President
01 August 2019
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