Oil Prices Gain for the Session, But Post January Loss - 01 February, 2023 07:30 AM
Is This the Beginning of the End for Big Oil's Windfall? - 01 February, 2023 07:30 AM
How Soon Until the World Reaches 'Peak Oil'? - 01 February, 2023 07:30 AM
Here’s Why Qatar Is About to Make a Big Move on Iraqi Oil and Gas - 01 February, 2023 07:30 AM
Oil Settles Lower Ahead of Expected Rate Hikes, OPEC Committee Meeting - 31 January, 2023 07:30 AM
The Importance of Exploration and Production in the Energy Transition Call for Abstracts
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Low Resistivity Reservoirs: Path to Explore, Discover and Develop Call for Abstracts
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Depleted horizontal oil and gas wells could have a second life storing renewable energy, according to researchers at the U.S. Department of Energy’s National Renewable Energy Laboratory. Because renewable forms of electricity generation like solar and wind require low-cost energy storage, the NREL researchers propose using depleted hydraulically fractured oil and gas wells to store electrical energy in the form of compressed natural gas to be released to spin an expander/generator when electrical demand is high.
Question: If the science of predicting the risks and mitigation of induced seismicity, figuratively speaking, was a glass of hydraulic fracturing injection fluid, would it be half full or half empty? The answer is . . . yes. One on hand, geoscientists are getting better about predicting the when and where of seismicity; on the other, there is a lot more seismicity in a lot more places that have to be predicted.
People familiar with the energy business know that most existing vertical wells produce little oil or gas. They might be surprised how many horizontal wells fall into the same category. Under the right circumstances, this growing number of wells in decline could represent an investment opportunity. Or, it might become a giant abandonment headache for the oil industry.
An interview with Monte Swan developer of the magma-metal series classification and 7-layered Earth model.
It’s summertime here in the Northern Hemisphere, and with the sun and warm weather, thoughts are shifting to vacation. Packing the kids in the car for a week at the beach or a trip to grandma’s house is a time-honored tradition. But this year, moms and dads are doing so with an eye on surging gas prices – this road trip isn’t going to be cheap. Parents aren’t alone in casting a nervous eye on prices at the pump. The White House is, too.
Not wishing to split hairs over which is the world’s first oil well, the majority of oil historians recognize the drilling of the Drake Well as the birth of the modern petroleum industry. What is not so well known is that some seven miles southeast of the Drake Well, in Pithole Creek, lie the remains of a city that came out of nowhere as a new town, enjoyed great splendor, then disappeared in a few years. It is the legendary Pithole City in Venango County of northwestern Pennsylvania.
With the price of oil hovering well over $100 a barrel, some in the industry are exploring ways to revisit conventional oilfields using technology that emerged during the unconventional oil boom, with a goal of earning a rapid return on investment while prices remain favorable.
And we’re back. With high oil and gas prices and strong demand driving renewed interest in production, the energy industry is returning to the unconventional resources business in a big way. The upcoming Unconventional Resources Technology Conference is once again an in-person meeting, back in Houston this month, June 20-22, with a major emphasis on practical ways to boost output and introduce efficiencies.
In February, TotalEnergies announced a significant light oil discovery in the Orange Basin, offshore Namibia. Reuters reported a source suggesting that the Venus-X1 well may have found more than 1 billion barrels of oil equivalent. This was the second significant discovery announced in the basin that month. The offshore continues to deliver new oil and natural gas discoveries worldwide. And as this issue hits your inbox, the offshore is the primary topic of discussion in Houston as the 2022 Offshore Technology Conference returns to NRG Park from May 2-5.
There are two main oil and gas producing sedimentary areas in France: the Paris Basin and the Aquitaine Basin. The presence of oil seeps and bitumen deposits has been known since ancient times in the western part of the Aquitaine basin, a 35,000-square-kilometer triangular polygon bordered to the north by the city of Bordeaux, to the east by Toulouse and to the south by the Pyrenees Mountain chain separating France from Spain. These hydrocarbon shows were observed close to surface anticlinal structures such as the Sainte-Suzanne dome, southwest of Pau or in the caprocks of salt diapirs at Salies de Bearn and Dax to the north.
This course is ideal for individuals involved in Midland Basin exploration and development. Successful development of Wolfcamp shale oil relies on complex inter-relationships (ultimately interdependencies) within and between a wide variety of scientific disciplines, financial entities, and company partnerships.
This course introduces the learner to the fundamentals of shale gas, including current theories that explain its origin, and how to determine which reservoirs are commercially viable.
Renewable & Non-Renewable Resources is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for renewable energy.
The goal of this e-symposium is to review an important dimension in the ways geologist can build and update geological models using information from performance data.
As an industry we’re constantly challenged to improve our business on a worldwide stage. How do we continue improving the safe delivery of high quality, economical wells and production where understanding of social requirements and the license to operate are rapidly changing?
Join us for a conversation with a panel of drilling engineers to gain insight to their understanding of how we can meet these challenges and impact well delivery planning processes and outcomes - from clarity on deliverables, process improvements, advances in technology, to building better business models for modern decision making.
There are approximately 1,000 oil and gas fields in the world that have been classified as 'giant,' containing more than 500 million barrels of recoverable oil and /or 3 trillion cubic feet of gas.
Unconventional Resources is an online course that enables participants to learn about shale gas, shale oil and coalbed methane.
This presentation describes a proven workflow that uses a standard narrow azimuth 3D seismic, conventional logs, image logs and core data to build five key reservoir properties required for an optimal development of shale plays.
The presentation will discuss key reservoir information and how to develop a predictive pressure model.
Unger Field, discovered in1955, has produced 8.6 million barrels of oil from a thinly (several ft) bedded, locally cherty dolomite containing vuggy and intercrystalline porosity.
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