December 2017 ///
Special Focus
Making hole in a digital world
Rig fundamentals have not changed: rotate, hoist and circulate. But every year, we look at impressive new interpretations of how that is done. The vitality of these rig innovations is remarkable, as all strive to improve performance and costs.
Features
Permian producers push the envelope for output growth in 2018
Operators are still testing the limits of unconventional technology in the Permian basin, but increased drilling activity likely means steady production gains for next year and beyond.
Newfoundland and Labrador ranks among top regions globally for upstream potential
Current dynamics should portend prosperity, but over-regulation could alter the picture.
NL official says province has much to offer oil and gas investors
An interview with Newfoundland and Labrador Minister of Natural Resources Siobhan Coady
Data-driven remote condition monitoring optimizes offshore maintenance, reduces costs
A case study shows how advanced condition-monitoring technologies—plus analytical expertise—can optimize maintenance of mission-critical equipment in offshore environments, while lowering costs and improving safety.
Shaletech: Haynesville-Bossier Shale
Brighter gas fundamentals spark second wind
Subsea well control response: A comprehensive approach
Coordinated plans and procedures for managing well control incidents are essential to ensure the protection of life, property and the environment. Having access to a workforce dedicated to deepwater well control operations can save operators time and money.
Columns
First Oil
A need for leadership
Energy Issues
New Year’s resolutions
What's New in Exploration
Why offshore? The answer is in the denominator!
Drilling Advances
Bigger nail and hammer
What's New in Production
‘Tis the reason…
Offshore in Depth
Two unique strategies for offshore development
Oil & Gas in the Capitals
Norway’s diversification
Executive viewpoint
Public perception challenges are critical for oil & gas industry
Innovative thinkers
John Terracina: Bringing the frac fluid flair
The Last Barrel
Winds of change blowing through our industry
News & Resources
World of Oil & Gas
During a ministerial meeting in Vienna on Nov. 30, OPEC and participating nations agreed to extend cuts in oil production through the end of next year.
Industry at a Glance
Prices for benchmark crudes continued to climb after Russia and OPEC agreed to extend production cuts for another nine months, although Moscow was concerned that supporting prices above $60/bbl would help U.S. shale producers.
People in the Industry
Alasdair Fergusson has been appointed as a managing director at ClearWELL Oilfield Solutions.
Companies in the News
Sparrows Group has secured a three-year crane management services contract from Chrysaor.
New Products and Services
Sperry Drilling, a Halliburton business, has released its JetPulse high-speed telemetry service, which provides consistent, high-data rate transmission of drilling and formation evaluation measurements.
Industry Leaders Outlook 2018
Beware the bots
It’s the end of the year again, and time to reflect on our progress as an industry and a global community.
Mixed fortunes in prospect for UKCS
The year 2017 has been one of mixed fortunes for the UK Continental Shelf (UKCS), and this promises to be the main feature in 2018.
Welcome to the digital industrial future
“The Graduate” was one of the iconic films of the late 1960s.
#Fossilfuelsreallymatter (really)
My formula for success is rise early, work late, and strike oil – J. Paul Getty, founder, Getty Oil Co.
A shiny brick
The price of oil is in a terrible place, and the “lower-for-longer” malaise impacts the industry’s every decision.
The tide is turning
Yet another year with strict capital discipline and cash flow focus will soon come to an end. And what a year it was!
A recovery cycle made for Hollywood with familiar characters
For most of 2017, we have witnessed a steady increase in the Baker Hughes U.S. rig count, from a bottom in the second quarter of 2016 at 421 rigs, to the peak of 947 rigs in the third quarter of 2017.
With 2017’s challenges behind us, the offshore industry looks ahead to 2018
In 2017, the oil and gas industry weathered unprecedented challenges.
Your next pivot—will it embrace entrepreneurship?
Entrepreneurship—it’s not just for millennials and can include innovative technology, above and beyond “bits and bytes.” Could it be the new you–2.0?
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