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LATEST NEWS
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.
IEA Warns of Global Oil Supply Deficit, Leaning Too Heavily on US Output
US crude oil production is expanding at an unprecedented rate, but much faster growth will be needed in the next few years to meet the world’s demand if global investment in conventional supply doesn’t pick up, an IEA report indicates.
ADNOC Announces Integrated Gas Strategy, Oil Production Boost
The Abu Dhabi government approved a $132.3-billion capital expenditure increase that will fund, among other things, a plan that could enable the country to sustain LNG production through 2040.
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.
Equinor Acquires New Canadian Offshore Licenses
The deal gives Equinor exploration parcels in the prolific Jeanne d’Arc Basin, near its existing discoveries offshore Newfoundland and Labrador.
TECHNOLOGY
Looking Inside the Well: An Interview With Visuray CEO Kambiz Safinya
Visuray is using its unique X-ray technology to improve downhole imaging.
Can Machine Learning Mitigate Frac Hits?
BHGE is developing an analytics and machine-learning approach that offers descriptive and predictive insights on frac hits, with the aim of eventually offering a real-time monitoring capability to be deployed during frac jobs.
Optimizing Well Productivity: Horizontal Logs Unlock Critical Geologic Knowledge
With drilling on the rise, US oil production is expected to continue to increase. However, many industry professionals are concerned that the “brute force” model, which has seen a massive influx of capital flow into completion and hydraulic fracturing operations, is not economically sustainable.
Using Microseismic To See Where Fracturing is Happening
When it came to decide where to collect a critical sample of fractured rock, a new method for turning microseismic data into a heat map designed to display the most intense fracturing activity was considered.
TECHNOLOGY FOCUS
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Badrul Mohamed JanResearcher and Lecturer, University of Malaya |
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Stéphane MenandPresident, DrillScan US |
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PEOPLE
Steve Gray
05 November 2018
Steve Gray was appointed a member of Range Resources’ board of directors. The appointment was mutual...
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Bryan Ellis
31 October 2018
Wild Well Control, a Superior Energy Services company, appointed Bryan Ellis as president. Ellis suc...
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Brent Smolik
31 October 2018
Brent Smolik, SPE, was appointed president and CEO at Noble Energy, effective 16 November. Smolik ha...
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David Paterson
29 October 2018
David Paterson, SPE, was appointed president of pressure pumping at Weir Oil & Gas. He will be b...
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Bernt Sigve Aadnøy
05 October 2018
Bernt Sigve Aadnøy, SPE, was recognized as the Oil Professional of the Year by the SPE Stavanger Sec...
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Antonio (Tony) Fernandez
04 October 2018
Intrepid Financial Partners appointed Antonio (Tony) Fernandez, SPE, managing director of its acquis...
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