Issue: January 2024
SPECIAL FOCUS- Hydraulic Fracturing
An innovative 5,000-hp frac platform combines intelligent electrical architecture and simplified drivetrains to increase power density and flexibility, streamline rig-up logistics and minimize carbon emissions.
In the evolving landscape of hydraulic fracturing, a transformative synergy of electrification, automation and real-time optimization has emerged. The commingling of these technologies is paving the way for unprecedented efficiency and performance gains, while also reducing costs and NPT.
Features
Quantum computing has vast potential to reshape subsurface evaluations, providing capabilities and advanced geoscience analyses that are orders of magnitude faster and superior to any computer system that exists today.
From the perspective of Miros’ Chief Executive, 2023 was a real breakthrough year for the adoption of digitalization in the offshore space.
A new performance solution for MPD applications was launched to address a substantial portion of the market between existing entry-level and premier tier offerings. The author details the differences in these solutions and presents a case study highlighting performance improvements.
This article discusses the primary value drivers in oil and gas—including factors like oil and gas prices, market conditions and the impact of geographic location on price differentials. It also highlights the industry’s shift towards capital efficiency over production volume and the value that third-party valuation firms can bring by considering these critical drivers in their analyses.
It’s clear that digital solutions and flexible business models that put energy companies and their needs first will be key to achieving Indonesia’s growth goals.
While there was little change in activity from the third quarter of 2023 to the fourth quarter, there are some negative trends developing that have operators concerned. Yet, there is hope that 2024 can be a marginally better year.
Columns
Argentina’s new president offers common sense approach
2024: The two lies of exploration
ESG testing drilling engineers
Methane and more
More of the same
Resources
Despite expanding tensions in the Middle East, fresh instability in the Red Sea and the war in Ukraine, benchmark crude prices fell again in December, with Brent down 6.4% to $77.63/bbl, while WTI declined 7.5% to average $71.90/bbl.
