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Oil and Gas Investor
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Tech Trends, URTeC Edition: Unconventional Solutions for Unconventional Resources
In this month’s Tech Trends, which takes place at the 2024 Unconventional Resources Technology Conference, new technologies are on display that ensure both efficient and sustainable operations.
E&P Highlights: July 15, 2024
Here’s a roundup of the latest E&P headlines, including Freeport LNG’s restart after Hurricane Beryl and ADNOC’s deployment of AI-powered tech at its offshore fields.
OPEC+ Brings Oil Overproduction Under Heel—Rystad
After years of noncompliance and underreporting of actual crude production, many OPEC+ members are voluntarily reducing output beyond set goals, according to analysis by Rystad Energy.
Goodbye Manual Control: Vital Energy’s Automation Program Boosts Production
Production, ESP efficiency soared when the company automated decisions with AI at the edge.
Where, When and How to Refrac—Weighing All the Options
Experts weigh in on strategic considerations when deciding how to rejuvenate production from a tired well.
Are 3-mile Laterals Worth the Extra Mile?
Every additional foot increases production, but it also increases costs.
Enverus Inventory Rankings: Pinpointing Shale’s Best Remaining Runway
The Montney Shale steals the spotlight in Enverus’ play rankings, while the Eagle Ford draws plaudits for its resilience.
E&P Highlights: July 10, 2024
Here’s a roundup of the latest E&P headlines including TotalEnergies exiting South Africa to focus on opportunities in Namibia.
Vitol Grows LNG Bunkering Fleet by 3 Ships
LNG trading company Vitol Group is emphasizing the environmental benefits of using LNG as a shipping fuel with the acquisition of three bunkering vessels to fuel ships.
Nuclear in a Box: Mobile Nuclear Reactors May Answer Permian’s Power Ask
A top Permian producer has signed up for a small-footprint nuclear plant. A top pressure-pumper has invested in the developer. Industry members say interest in Permian nuclear is hot.
Give Us a Signal: Tech Firm Ups E&P Coverage in Remote Plays
As E&Ps struggle to transmit information over public networks in out-of-the-way oil and gas basins, tech firm Digi is working to improve its reception.
E&P Highlights: July 1, 2024
Here’s a roundup of the latest E&P headlines, including the Israeli government approving increased gas export at the Leviathan Field and Equinor winning a FEED contract for the all-electric Fram Sør Field.
The New Wildcatters: Geothermal Developers on the Hunt for Heat
The U.S. is poised for a geothermal boom using existing oil and gas technology. Does the industry have what it needs to scale?
Drowning in Produced Water: E&Ps Seek Economic Ways to Handle Water Surge
Strained disposal limits push beneficial reuse to the forefront for produced water management.
Cracking the Fracking Code: Efficient Approaches to Optimize Wellbores
Technology and process innovations improve operational efficiencies even as companies scramble for greener fracking solutions.
Securing Tomorrow, Protecting Today: Prioritizing Energy Needs and Environmental Responsibility
Population is rising, energy demand is increasing and geopolitical conflicts are escalating. These factors make energy security a critical concern, as it is fundamental to national security, economic growth and myriad societal factors.
Surge of Longer Lateral Drilling to Enhance Reservoir Recovery
With energy demand growing, operators look to supply hydrocarbons by drilling longer wells.
E&P Highlights: June 24, 2024
Here’s a roundup of the latest E&P headlines, including TotalEnergies working with Nigeria to reach FID on the Ubeta gas field and Chevron signing production sharing contracts for two blocks offshore Equatorial Guinea.
TGS to License Tanzania’s Offshore Subsurface Data
TGS, in an agreement with Tanzania’s Petroleum Upstream Regulatory Authority, reserves the right to license all of the country’s offshore data, acquire future seismic data and reprocess existing data.
TGS Gaining Ground on Subsurface Insights in the Permian
TGS released the Dynamic Matching FWI volume for the West Kermit 3D seismic survey, which spans 1,054 sq km across the Delaware Basin in Loving and Winkler counties, Texas.
TGS, PetroAI to Develop Earth AI Models for Well Performance, Design
PetroAI’s platform for E&Ps will use TGS’ subsurface, production and well data, which allows for “accurately” quantified exploration and development trade-offs.
Permian Operations at Risk as Wastewater Equation Remains Unbalanced
Wastewater injection is a growing cause of induced seismic activity in oil- and gas-producing regions in the U.S., and without proper management solutions, operational capacities are at risk.
Valeura Purchases FSO Offshore Thailand
After initially leasing the Aurora FSO, Valeura Energy decided to purchase the vessel for $19 million.
Welcome to HADES: Peering into the Depths of Downhole Imaging
DarkVision’s HADES platform provides unprecedented clarity downhole, delivering remarkable detail to wellbore inspection, the company says.
Fear Not, the Robots Have Reached Oil and Gas
Wood’s Iris Edge and ENVision software provide a new and more accurate way to not only discover emissions leaks, but also manage them.
Exclusive: ChampionX Innovation Needed to Drill the Incremental Barrel
Soma Somasundaram, president and CEO of ChampionX, emphasized the need to innovate when drilling for the incremental barrel, as well as the oilfield services sector’s role in the path to net zero.
Tech Trends, OTC Edition: Drills & Bits
In this month’s Tech Trends, which takes place at the 2024 Offshore Technology Conference, new drilling technologies are on display as well as other bits that ensure efficient operations.
OFS Sector Loses Jobs, but Trade Org Says Growth Potential Remains
According to analysis by the Energy Workforce & Technology Council, the OFS job market may still have potential for growth despite a slight decrease in the sector in April.
Vår Selling Norne Assets to DNO
In exchange for Vår’s producing assets in the Norwegian Sea, DNO is paying $51 million and transferring to Vår its 22.6% interest in the Ringhorne East unit in the North Sea.
E&P Highlights: May 6, 2024
Here’s a roundup of the latest E&P headlines, including technology milestones and new contract awards.