WorldOil Geosteering solutions land wellbore and maintain lateral in deepwater target Engineered drilling solutions combined with real-time visualization software, land a deepwater wellbore in the reservoir, drilling laterally 100% within the pay-zone and geostopping above the oil water contact, ensuring maximum production. Executive viewpoint Offshore energy: Produce today, don’t panic tomorrow. What’s new in exploration Things certain in life: Death, taxes and risk in exploration. Shaletech: Permian Basin Soaring drilling, production block out irritants Planning and operating a duo-lateral well in Mittelplate oil field Germany’s largest oil field, operated by DEA Deutsche Erdoel AG, sits in a national park and UNESCO World Heritage site, with development drilling restricted to one existing island. OTC commemorates 50 years in Houston The Offshore Technology Conference (OTC), the offshore oil and gas industry’s largest equipment exhibition, is celebrating its 50th edition this year. OTC Spotlight on New Technology Awards: Offshore industry innovates despite muted activity Offshore investments may still be slow to accelerate, but that hasn’t stopped companies from ramping up RandD efforts to create a safer, more efficient and more productive offshore industry. Technical advances solve a variety of offshore problems As was the case last year, nearly all of this group of new technologies and next-generation improvements on existing products remains split between drilling and production applications. Collaboration leads to successful application of new drill bit design An example of a cooperative relationship was demonstrated when Ulterra, a producer of PDC drill bits, and a large independent EandP company—operating in the Eagle Ford shale—combined forces to examine ways to improve performance. Regional Report: Gulf of Mexico Push comes to shove, as activity ebbs What’s new in well logging and formation evaluation In 2017, the big news in the logging and formation evaluation industry was the completion in July of the successful merger of Baker Hughes and GE Oil and Gas to form BHGE, which comes on the heels of the unsuccessful effort by Halliburton to purchase Baker Hughes in 2016. Digitization and data analytics will impact upstream operations favorably On June 13, 2014, the cost of a barrel of West Texas Intermediate stood at $107.49. That year, budgeted, worldwide capital expenditures in the oil and gas industry would approach a record $520 billion. The future looked bright. Investing in predictive analytics derives true value As the oil and gas (OandG) industry emerges from the recent downtown, executives are looking for innovative ways to promote growth. First oil Is it “transparency” on the GOM, or is it something else. Energy issues Mixed message on offshore. Drilling advances Home cooking. What’s new in production The Great East Japan Earthquake and MH 21. Offshore in depth Mixed messages from the Gulf of Mexico. The last barrel Optimism springs eternal World of oil and gas Concho Resources’ acquisition forms Permian’s largest unconventional shale producer. Industry at a glance In March, downward pressure on oil prices was applied by consecutive gains in U.S. inventory, capped by a weekly surge of 5.32 MMbbl in late March. Companies in the news Deep Sea Mooring (DSM) has announced that it is now carrying out operations for Maersk Drilling in Trinidad. New products and services GE and Noble Corp. have launched a digital drilling vessel, targeted to achieve 20% operational expenditure reduction across the targeted equipment and improving drilling efficiency. People in the industry Apache Corp. has named David Pursell as senior V.P. of planning and energy fundamentals. The U.S. needs a vibrant Port Fourchon President Donald Trump’s State of the Union address on Jan. 30 hit home with those of us who see Port Fourchon as an essential component of the nation’s long-term energy security. Designing a future with “holistic resilience” With rigs on standby, awaiting active duty in the deepwater Gulf of Mexico (GOM), the management of southern Louisiana’s resilient Port Fourchon is locked firmly in the visionary mode. Construction to begin on next leg of LA-1 With construction set to commence on the next segment, fingers are crossed that President Donald Trump’s sweeping infrastructure initiative will provide some of the funding necessary to complete the 19-mi elevated Louisiana Highway 1 (LA-1) thoroughfare to Port Fourchon.