BP invests US$5 million in a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes.
Oil prices fell as Covid-19 cases hit daily country record in the US, erasing previous gains and pricing in the demand uncertainty ahead.
API released the fifth edition of Specification 4F, a manufacturing standard that applies to both onshore and offshore well structures to ensure operational safety and sustainability.
Oil prices are largely stable today as a decline in gasoline stocks balances fear over increased Covid-19 cases in key-market countries.
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.