The findings have identified room for improvement in the way maintenance is planned, highlighting the need for a consistent strategy across equipment groups, systems and production units.
Kenneth J. Gerbino, Titan Oil Recovery, USA, considers the production upsides that could be gained from using a proven enhanced oil recovery technology and a seldom-used smallbore lateral drilling method.
Oil prices are just below yesterday’s levels as everyone waits to see how crude stocks will evolve and amid fears of demand destruction by Covid-19.
Because of the new market reality, Rystad Energy now estimates that instead of rebuilding Angola’s lost output by 2029, the country will likely never manage to produce at current levels again.
Charles Tavner, Magma Global, UK, reflects upon how Covid-19 is affecting innovation and the adoption of disruptive technologies.
Oil prices have fallen as Covid-19 continues to spread in the US.
Andrew Lewis and Bruce Karr, Fairfield Geotechnologies, USA, consider the emerging role of multi-client seismic data in unconventional asset development and exploration.
The latest issue of Oilfield Technology begins with a review of the Asia upstream sector.
After modelling the effect of a wider ‘second wave’ scenario, Rystad Energy has found that global oil demand in 2020 could be knocked down to 86.5 million bpd, compared to its current base-case estimate of 89 million bpd.
Oil prices fell this morning, reversing some earlier gains of the week, as new record Covid-19 infections in the US worry traders.
Murray Callander, Eigen, UK, explains how traditional views of big data benefits in the oilfield are giving way to the rise of micro lakes, distributed twins and distributed intelligence.
The African Energy Chamber has said that the ongoing travel bans and restrictions of visa issuance are preventing many projects from moving forward and contributing to the recovery of the continent.
Stephen B. Harrison, Nexant Energy & Chemicals Advisory, Germany, considers the COVID-crash’s potential implications for the Asia Pacific region.
Global discoveries of conventional resource volumes reached just 4.9 billion boe in the first half of 2020, Rystad Energy estimates – the weakest-performing first half of the 21st century.
Oil prices rose this morning, reversing earlier losses, as a crude stockpile relief in the US, still inspires market confidence.