Issue: March 2022
Features
As the Russian invasion of Ukraine continues, we at World Oil think it’s important to review the amount of oil and gas infrastructure that is at risk in Ukraine. Please note that some of the facts and figures cited here come from the U.S. Energy Information Administration (EIA)....
To realize the energy transition successfully, reducing greenhouse gas emissions is equally as crucial as ensuring reliability of supply.
The oil and gas industry is still living in the data world as if it was the early 1990s, said Paula Doyle, Senior Vice President, Energy, for Cognite, while noting that data and digital transformation are extremely important for the energy transition and energy future.
Continuous circulation technology consistently delivers a decrease in drill pipe connection times, while reducing overall risks and operator costs.
More M&A activity is expected throughout 2022 within the OFS sector, as the market continues to consolidate during the balance of the current recovery.
Mature fields are rife with producing wells that have commercial quantities of hydrocarbons behind pipe. Coiled tubing drilling provides a method to defer abandonment liability and access bypassed reserves with minimal capital expenditure.
Columns
Availability is relative, as the perceived supply tightness pertains only to the rigs that discriminating shale operators are willing to put to work.
The oil and gas industry is unique in many ways, and one of them is the harshness of the environments in which many oil and gas facilities operate.
As many in the upstream industry anticipated, military action in Ukraine has sent oil and gas prices to their highest levels since 2008, with crude peaking at well above $100/bbl, with no end in sight.
With the havoc created by the war in Ukraine and the hard push to convert to renewables, operators are once again focusing on the high ROI that offshore prospects offer. There is an onslaught of good news and positive indicators that suggest operators are poised to significantly increase offshore development in 2022.
For the second time in a week, U.S. President Joe Biden has managed to confuse the American public, taking advantage of the average person-on-the-street’s lack of knowledge about the global oil market. This is what Biden does, again and again: The three D’s---Deflect, distract and distort.
Last month's column discussed the impact of the Railroad Commission’s (RRC) development of Seismic Response Areas (SRA) and the impact that these actions were having on produced water management in the Permian basin. Since the writing of that column, a third SRA has entered the mix.
Bill Head says he was wrong. The Gulf of Mexico is not the last legal place to explore. West Africa is.
World Oil Forecast 2022
World Oil has analyzed data to create 2022 drilling forecasts for the U.S., offshore and international.
World Oil has analyzed data to create 2022 drilling forecasts for the U.S., offshore and international.
Special Focus: Sustainability
Under growing pressure from regulators, investors and customers, oil and gas operators urgently need to reduce their methane emissions. Mitigation is a big challenge, but intelligently combining current and emerging technologies offers a rapid, cost-effective route to success.
Producers are benefitting from cloud-driven, automated data acquisition and reporting technology that optimizes control over their underground injection control operations while streamlining compliance with EPA requirements.
With extreme weather events growing in frequency around the world, there are many ways that oil and gas operators can do more to protect their assets and mitigate some of the risks posed by natural hazards.
Sustainability doesn’t just mean eco-friendly—it means keeping people and operations safe. This redefinition has guided the service provider’s strategy, and it will help the company deliver innovative solutions to lower GHG emissions, while enhancing HSE.
Small to mid-sized oil and gas companies are navigating the challenges of the energy transition and ESG landscape by determining whether changes are needed to transition to a new business model.
