If the oil market needed a theme song for now, it might turn to the one where Taylor Swift nervously sings: “Are we out of the woods yet?”
Offshore energy industry experts and leaders gathered in Houston this week for the 2016 Offshore Technology Conference (OTC). More than 68,000 attendees from 120 countries visited the annual conference, placing 2016’s OTC among the top 15 highest attended in its 48-year history.
Weatherford International is having its worst day ever, losing a quarter of its value as investors doubt its goal of generating about $3 billion of free cash flow by the end of 2020.
For LNG buyers, 2040 is beginning to feel even further away.
A fire fueled by shifting winds that forced more than 80,000 people to flee their homes and disrupted oil-sands operations in Western Canada is poised to expand.
Chevron Australia said Thursday that Nigel Hearne, deputy managing director of Chevron Australia and its Australasia Business Unit (ABU), will become managing director of the ABU on June 1, 2016.
A deepwater pulse keeps the Gulf in business, as low prices wreak havoc
While most portions of North America have seen E&P activity shrink to levels that are a fraction of what they were two years ago, work in Newfoundland and Labrador, and Nova Scotia, continues to move forward, due, in part, to long lead times and very promising geology.
The implementation of wired drill pipe (WDP) telemetry on the Martin Linge project was proven successful with quantified time savings and the use of two new technologies, the dual integrated reamer and the seismic-while-drilling tool.
Low natural gas prices have placed production economics under ever-increasing scrutiny. The rapid decline rates of unconventional wells challenge operators to maximize returns over a short period. One solution has been realized, by means of improved management of the free-flow cycle of gas wells, through the application of surface automation.
This review is based on published technical papers and publicly available literature. The author does not endorse any specific technologies or service providers. The logging systems may be available as commercial services, or still in development and testing phases.
“Exploration is critical to deepwater development”
Data courtesy of Baker Hughes.
Market data is delayed and provided by Barchart.
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