TOPICS OF INTEREST
Equinor’s Offshore Bonanza Continues
Equinor grabbed seven new licenses in the Barents and Norwegian Seas, the latest in a flurry of offshore activity in which the firm has added acreage off the UK and Brazil, gained approval for a big Arctic project, and awarded billions of dollars in service contracts.
North Sea Acreage Awarded to 61 Firms in UK Licensing Round
UK’s active 30th Licensing Round resulted in the award of 123 licenses to a diverse set of 61 companies—an outcome that UK government officials hailed as more proof that interest is picking up in the aging North Sea.
Shell Makes Large Discovery Near Appomattox in Gulf of Mexico
Shell made its sixth discovery from the Norphlet formation in the deepwater Gulf of Mexico, where the firm’s newly arrived Appomattox platform just 13 miles away presents a tieback opportunity.
Argentina’s Shale Play is Beginning to Live up to Expectations
Wells are starting to come on stronger than expected, which is putting a new emphasis on orginizing all the other ingredients needed for shale production: more rigs, roads, pipelines, water, and sand.
Norwegian Firm Adds Smarts to Offshore Coring
Coring is essential to offshore exploration programs—but sometimes cores are taken from the wrong formation or return to surface in poor condition. One firm thinks it can solve these costly issues with a first-of-a-kind coring device that uses logging instruments that add accuracy and integrity.
Colorado Operators Reaping Rewards From Sticking by ‘Predictable’ DJ-Niobrara
Colorado’s industry lacks the size, variety, and Wild West characteristics of Texas, but that is precisely why the Centennial State’s oil production is surging to record levels.
ExxonMobil Exits Russian Ventures, Continues Success off Guyana
The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.
Drilling Technology and Rigs
Phrases such as “dawn of the new age of the oil and gas industry,” and “the fourth industrial revolution” echoed through halls of SPE events in 2017 and into the new year, with rapid advancements in big data management, digital connectivity, and high-performance computing.
Chevron, Total Log Big Discovery in Deepwater Gulf of Mexico
The two supermajors and offshore powerhouses are assessing the latest Gulf of Mexico discovery.
ExxonMobil Plans to Triple Permian Output
The Irving, Texas-based supermajor plans to cash in on its expanded foothold in the Permian Basin, aided by a big reduction in the US corporate tax rate.
Big Discoveries Prompt US Agencies to Lift Recoverable Resource Estimates in Alaska
Major oil discoveries by Armstrong Oil & Gas and ConocoPhillips have compelled the US Department of the Interior to reassess its estimate of undiscovered, technically recoverable resources in parts of Alaska.
How To Design a Bottomhole-Assembly Rotary-Speed Sweet Spot
Correct placement of the rotary-speed sweet spot of a bottomhole assembly (BHA) provides multiple benefits toward achieving the ultimate goal of drilling to section total depth in a single trip.
Bit Technology and Bottomhole Assemblies
Bottomhole assemblies (BHAs), as part of the drilling system, have dominating effects on the functionality and effectiveness of other system components. BHA design, usage, and monitoring must promote drilling-system compatibility, efficiency, and reliability.
After Drop in Activity, Haynesville Shale Sees Resurgence
After a drop in drilling activity in recent years, the Haynesville shale has become a hot area for natural gas production in the US, and companies are looking to bolster their positions in the area.
Data Aggregation and Distribution With Human Factors Incorporated
Researchers have developed a drilling-data-aggregation and -distribution system that seamlessly integrates all forms of data, file types, and communication protocols and incorporates human-factors engineering in the design.
Clouds are Forming Around the Upstream Sector, and That’s a Good Thing
No longer considered a buzz phrase, cloud computing has made converts of the largest oil companies, and now the smaller ones are next.
Transocean Makes Latest Move Toward Offshore Consolidation
This new deal marks the second major acquisition of an offshore drilling company since the onset of the industry downturn.
Amid Downturn, Noble Invites Wider Industry Partners To Use Drilling Training Center
While the slowdown offshore persists, this 96-year-old drilling outfit says that sharing its high-tech simulators with more of its clients will strengthen the business.
Joint Venture Hits Historic Mexico Oil Discovery
A major offshore discovery led by Talos Energy is the first successful wildcat well drilled by a private company in Mexico in almost 80 years and a milestone for the country’s recently enacted energy reform.
Offshore Drilling Market: Recovery by 2020s?
An analyst from Rystad looks at the state of the offshore drilling market and the likelihood of recovery by 2021.
First Offshore Drilling Merger: Ensco Buys Atwood Oceanics
The offshore drilling sector has taken a step towards consolidating an oversupplied market and Ensco will emerge from this most recent deal as the owner of the largest combined fleet of floaters and jackups.
These Are the Forks in the Road to Drilling Automation
Along its journey to full-automation, the US drilling sector is facing a series of important crossroads that will determine what the so-called “rig of the future” really will be.
OTC: To Compete With Shale, Deepwater Must Think Like Shale
The quick turnaround times and low-risk nature of shale developments need to be replicated in the deepwater business, according to the CEO of Murphy Oil.
A Methodology for Multilateral-Well Optimization
Multilateral wells with smart completions controlled by different flow-control technologies offer great operational flexibility, with each lateral able to be operated and optimized independently.
Argentine President Macri Visits With US Oil and Gas Industry, Asks For More Investment
Argentina President Mauricio Macri visited with oil and gas companies in Houston to emphasize that his country’s reforms are making it increasingly attractive for upstream investing.
Drilling Costs Flirt with Break Even
Aggressive drilling growth in the Permian and other shale plays belies the cost of those wells, which in many cases are in the red.
RFID Technology for Deepwater Drilling and Completions Challenges
Deepwater operators continually face technical and environmental challenges to drilling and completing wells safely and efficiently.
Interventionless Reservoir-Isolation Valve Removes Need for Intermediate Completion
This paper focuses on the application of radio-frequency-identification technology to enable an operator to eliminate an intervention run (or intermediate liner) for a 10,000-ft reservoir section.
New is Better at the 2017 Offshore Technology Conference
In the midst of enormous change, OTC retains its status as a “must attend” technical conference for petroleum engineers and scientists working around the globe.
Drilling Technology and Rigs
Sustaining innovation and well performance during economic downcycles is a hot topic right now. However, the severity of this downturn has resulted in an unprecedented purging of existing paradigms. In this context, it is important to reveal and highlight new initiatives and success stories.
SPE Technical Directors Think Cooperatively: Working Outside the Lines
SPE’s technical directors are focused on problems that require working outside the bounds of their discipline.
A Request for Two Statistics Could Change Offshore Drilling
A scientist hired by federal regulators to look for ways to reduce the risk of well blowouts said it is time for the oil and gas industry to treat kicks taken while drilling the same way doctors treat heart attacks.
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12 June 2018