The energy industry is no stranger to instability, but the “double pandemic” of the global COVID-19 crisis and oil price collapse has created an atmosphere of uncertainty that presents longer-term challenges. Our workforce is changing. Many oil...
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Seismic Interpretation: The Importance of Data to the Oil Industry
Demand for commodities such as gasoline, diesel, and petrochemical products increases each year, and it is imperative for oil companies to supply that demand at a profit. Although drilling oil wells cost millions of dollars (depending on the size...
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Reservoir Characterization: A Crucial Step in the Upstream Industry
The world won’t see a shortage of petroleum in the next few decades, says the Massachusetts Institute of Technology (MIT) Technology Review. The challenge, however, lies in making up for the dwindling easy-to-extract oil supplies.
From 2010 to...
Mud Logging: A Key to Successful Wells
A report from the US Energy Information Administration predicts that global energy consumption will grow by 28% in the next few decades. Fortunately, with the right tools, data, and technology, well producers and owners can learn more about the...
Secondary Recovery Method: Waterflooding
It is not enough to recover every last hydrocarbon from a geological reservoir. The recovery method has to make economic sense for the business. Secondary recovery methods are used once the primary production pressure has declined to a level...
Exploring the Potential of Natural Gas Condensates
Certain temperature and pressure conditions in reservoirs and gas fields allow natural gas to condense to a liquid form. The condensation doesn’t happen just in reservoirs; with the correct temperature and pressure, the phenomenon can also be...
Transforming the Oilfield: Oil & Gas Companies Embrace Innovation
“Lower longer” is the prevailing term for oil and gas prices in what has become the “new normal” in the oil and gas market. A single dollar drop in global trade could cost exporters billions. Over the last decade, uncertainty has intensified...
Horizontal Drilling: Dominating the US Oil and Gas Market
Of the current drilling options available, horizontal wells are among the highest-producing options. As such, horizontal drilling is steadily rising in popularity within the upstream oil and gas U.S. market.
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Enhanced Oil Recovery: Getting More Out of Your Oil Well
For those of us who work in and around the oil and gas industry, we never get too far from the geology education we received as children – specifically, the study of the remnants of bygone eras that are trapped in the earth’s crust. Extracting...
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