DOE to Invest $20 Million in New Oil and Gas Research Projects
The U.S. Department of Energy (DOE) announced the availability of $20 million for cost-shared oil and gas research projects to increase recovery efficiency from unconventional...
Technology
Optimizing IT Spend: Cost Cutting Alone is Not Effective
This article is part two of a four-part series on optimizing IT costs. Past technology investments should have enabled new business improvements or efficiencies, but...
OTC Sees Another Annual Drop in Attendance
The Offshore Technology Conference (OTC) kicked off on April 29 at the NRG Park in Houston, Texas, and it lasted through the week of May...
Virtual Reality Safety Simulator Prove O&G Industry Must Not Be Complacent on Training Workers
Lloyd’s Register (LR), a leading global provider of engineering and technology-centric professional services, put delegates attending OTC 2017 in Houston, Texas, through their paces with...
Joint Venture to be Formed by Schlumberger and Weatherford
On March 24, Schlumberger and Weatherford announced an agreement to create a joint venture known as OneStim. According to a joint release by the companies,...
Exxon Mobil Looks to Build Petrochemical Plant in Texas
Exxon Mobil’s and Saudi Basic Industries Corps’ joint plan to build a new petrochemical plant saw significant advancement on March 21, as a school board...
Save Millions by Reducing Engine Idle Time
When oil was selling for more than $100 per barrel, most operators were not concerned about penny-pinching or using the most efficient processes available to...
Automated Data Reporting Saves Time and Money
With low oil prices, operations managers seek the most accurate data available to them. This information allows them to make efficient financial forecasts and make...
International O&G Leaders Gather for CERAWeek
IHS Markit, a data analysis company, is hosting its 36th annual week-long conference in Houston, Texas starting on March 6th. According to the event’s website,...
Hydro-cutting Tool Slices Costs On Well Abandonments
Cut-and-cap well abandonment procedures are generally dangerous, time and resource intensive processes relying on cooperative weather, and they become more complicated the worse the weather...