January 2019 | Volume 71, Number 1
Reservoir-on-a-Chip Technology Opens a New Window Into Oilfield Chemistry
An oil and gas startup has attracted the business with a major operator thanks to its ability to forecast whether production-enhancing chemicals will work as advertised.
01 January 2019 |
SPE Technical Directors’ Outlook: Do Good, Then Do Better
In their outlook for 2019, SPE’s technical directors suggest petroleum engineers take a moment to reflect on the industry’s great feats, and then get back to work to do things better.
What’s Different About These Drill Bits? How a Little Change Can Be Made to Matter
A contest where teams of college students design and build an automated drilling rig able to deal with hazardous obstacles in a test block, showed how a small change can be engineered to matter.
How Close Is Too Close? Well Spacing Decisions Come With Risks
The ideal well spacing is in the eye of the beholder. The decision depends on so many factors that machine learning is now trying to determine the best combination of ingredients.
Fewer Grads + More Jobs: A Winning Formula for Job Hunters
As demand for petroleum engineers begins to rise, supply is dropping fast. It may be a good market for job seekers but things could get tougher for those doing the hiring.
US Oil, Gas Reserves Hit All-Time Highs
Proved oil and gas reserves in the US have spiked to levels not seen before, the EIA reports, and one of the main drivers is the Permian’s Wolfcamp-Bone Spring Shale.
BP, Chevron Bring Two More Offshore Projects on Stream
Majors BP and Chevron have overcome development challenges and delays to launch their respective Clair Ridge and Big Foot projects.
GE Speeds Up Plan To Sell Stake in Baker Hughes
The deal would raise nearly $4 billion for GE, which plans to reduce its stake in the oilfield services company from 62.5% to at least 50.1% after the transactions. It had previously announced in June its intention to sell its stake over a 2- to 3-year period.
Total, ADNOC To Explore for Unconventional Gas in Abu Dhabi
The French major will become operator of the Ruwais Diyab concession, and ADNOC says additional companies are lining up to partner on the emirate’s other unconventional areas.
New Oil Sands Development Gets Green Light
Imperial Oil has made a final investment decision on its 75,000-B/D Aspen oil sands project, the first new oil sands development to be approved in 5 years.
31 October 2018
Brent Smolik, SPE, was appointed president and CEO at Noble Energy, effective 16 November. Smolik ha.......Read More
29 October 2018
David Paterson, SPE, was appointed president of pressure pumping at Weir Oil & Gas. He will be b.......Read More
Technical Director of Enhanced Oil Recovery, Schlumberger
Otto Luiz Alcantara Santos
Faculty Member, Louisiana State University
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ON THE COVER
2019 SPE President
Recognizing Sustainability Excellence in Oil and Gas
The term sustainability is widely used. Unfortunately, when applied to hydrocarbon energy sources, it is often mentioned in a negative way. Too often, the focus is on reducing the use of hydrocarbon fuels, or measuring the emissions resulting from burning of hydrocarbon products.
Revival for Carbon Capture?
The most recent report from the United Nation’s Intergovernmental Panel on Climate Change and December’s international conference on climate change held in Katowice, Poland, show that the world is not coming close to reaching the targets set in the landmark Paris Agreement of 2015.
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