The majority of oil discoveries offshore Brazil are in the presalt formations, and drilling activity has focused primarily on economically viable ways to develop these reserves. Presalt is a geological formation consisting of heterogenous carbonates and other sediments that pose innumerous drilling challenges, including hard silicate nodules and low-porosity layers, which make the formation strength
Read More...[Editor’s note: A version of this story appears in the June 2020 edition of E&P. Subscribe to the magazine here.] PEOPLE Joe B. Foster, founder and former chairman, president and CEO of Newfield Exploration Co., has passed away. According to an internal email sent to employees by Ovintiv Inc., Foster, 86, died May 9 at his home
Read More...[Editor’s note: A version of this story appears in the June 2020 edition of E&P. Subscribe to the magazine here.] Many operations at sea rely on a vessel with a dynamic positioning (DP) system whereby the vessel maintains a specific position or track to perform position-critical operations. The DP system comprises power generation, power distribution, a thruster
Read More...Economies of the Middle East region, which rely heavily on oil, will be severely affected if oil prices do not bounce back in the short term. With the impact of the historic market crash echoing across the region, countries are struggling to offset losses from a key source of national income. Some nations like Saudi
Read More...[Editor’s note: A version of this story appears in the June 2020 edition of E&P. Subscribe to the magazine here.] The tectonics of Argentina’s Neuquén Basin has been studied in detail by many authors. The extensional period between the Upper Triassic and Lower Jurassic resulted in a system of northwest-to-southeast-oriented half grabens; and a later compressive-transgressive period
Read More...[Editor’s note: A version of this story appears in the June 2020 edition of E&P. Subscribe to the magazine here.] Transitional drilling and interfacial severity are the buzz words of the drilling industry right now. Essentially, they refer to the same problem—to drill through layers of varying rock types and strengths. As the bit moves through these
Read More...[Editor’s note: A version of this story appears in the June 2020 edition of E&P. Subscribe to the magazine here.] Operators’ needs for operational efficiency, especially today, are driving them to continuously try different technologies such as new bits, bottomhole assembly (BHA) components, string designs, well designs and new operating parameters for those technologies. This takes time
Read More...[Editor’s note: A version of this story appears in the June 2020 edition of E&P. Subscribe to the magazine here.] The Haynesville gas basin, arguably the most important basin for LNG exports in the U.S. due to its proximity to existing and planned terminals, is set for a 20% decline in output toward 2023 if Henry Hub
Read More...By now, the situation in the oil and gas industry is a familiar one—the COVID-19 pandemic has weakened global energy demand by nearly 30 MMbbl/d less than last year, according to the International Energy Agency (IEA), with only incremental recovery expected. The historically weak demand has resulted in a global supply glut, pushing oil prices
Read More...With the prospect of associated gas from the Permian and Eagle Ford diminishing, many producers view the future of dry gas plays in the Appalachian Basin more positively. Those well-positioned and well-capitalized companies are staring at an unexpected opportunity. This post appeared first on Hart Energy.
Read More...[Editor’s note: A version of this story appears in the June 2020 edition of E&P. Subscribe to the magazine here.] 1. US An oil discovery was reported at the Monument exploration prospect by Equinor (operator) and its partners Progress Resources USA Ltd. and Repsol. The OCS G35081 encountered about 200 ft of net oil pay with good
Read More...[Editor’s note: A version of this story appears in the June 2020 edition of E&P. Subscribe to the magazine here.] When discussing wellbore surveying, it is impossible not to examine the ways in which the oil and gas industry has changed and evolved over the past several decades. Particularly after the recent downturn, operators began to focus
Read More...[Editor’s note: A version of this story appears in the June 2020 edition of E&P. Subscribe to the magazine here.] In today’s hypercompetitive market, energy service companies are quickly learning that it is not enough to be the best at their core business; the greater competitive advantage comes through improving operational efficiency. Old-school tools are out the
Read More...Is Gas the Good News We Need? With the prospect of associated gas from the Permian and Eagle Ford diminishing, many producers view the future of dry gas plays in the Appalachian Basin more positively. Those well-positioned and well-capitalized companies are staring at an unexpected opportunity. This post appeared first on Hart Energy.
Read More...[Editor’s note: A version of this story appears in the June 2020 edition of E&P. Subscribe to the magazine here.] During the 1990s, U.S. deepwater oil production exceeded shallow-water production for the first time. By the early 2000s, deepwater operations produced twice as much as shallow water. In the ultradeepwater sector, production was growing at a rapid
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