Considerations Before Implementing AI in Oil and Gas
Despite a surge of use by oil and gas companies in the last few years, the application of AI technology is not simply plug and play. Here is what an AI platform needs to be effective.
E&P Exploration: Planning the Most Productive Well Path
A computational approach to well trajectory planning promises significant time savings for determining an optimal well that also satisfies drilling constraints.
Making Real-Time Lease Operating Expenses a Reality
If data is bad, the conclusions drawn from that data will always be bad. This is true regardless of industry or application.
Fugro Performs First Fully Remote Platform Inspection on UKCS
Fugro has delivered the first fully remote inspection of an oil and gas platform in U.K. waters, 250 km east of Scotland, using a ROV and Fugro’s state-of-the art remote operations center (ROC) in Aberdeen, the company said on Aug. 4.
The Latest
People
U.S. Silica President Brad Casper Resigns to ‘Pursue Other Opportunities’
Brad Casper’s resignation takes effect Aug. 31. Casper had served as president of U.S. Silica since his promotion to the position in January 2020.
Investment
Problems Plagued US Carbon Capture Project Before Shutdown
The plant was designed to capture 33% of the carbon emissions from one of four units at the W.A. Parish coal plant, and pipe it 81 miles to the West Ranch oil field in Jackson County, Texas, where it would push more oil to the surface.
Water Management
NGL Energy Partners Inks Long-Term Permian Acreage Dedication for Produced Water
NGL Energy Partners LP said Aug. 6 that it has signed a new long-term produced water transportation and disposal agreement with a leading independent producer operating in Eddy and Lea Counties within the Delaware Basin.
People
Scientific Drilling Names Pamela S. Pierce as CEO, President
Scientific Drilling International (SDI) has named Pamela S. Pierce as CEO and president effective July 31, 2020, a position she has held on an interim basis since May 2020.
Digital Oilfield
Considerations Before Implementing AI in Oil and Gas
Despite a surge of use by oil and gas companies in the last few years, the application of AI technology is not simply plug and play. Here is what an AI platform needs to be effective.
Business
Seismic Firm TGS Makes Surprise $600 Million Offer for Part of PGS
If successful, the offer to buy PGS’s multiclient library would significantly broaden TGS’s worldwide geophysical data offering, TGS said.
Exploration & Production
E&P Exploration: Planning the Most Productive Well Path
A computational approach to well trajectory planning promises significant time savings for determining an optimal well that also satisfies drilling constraints.
Pressure Pumping
ProPetro to Run More Hydraulic Fracturing Fleets in Coming Months
U.S. hydraulic fracturing firm ProPetro Holding Corp. plans to run between seven to eight fleets this quarter, up from an average of four fleets in the second quarter, executives told investors on an earnings call on Aug. 5.
Technology
WhiteWater Midstream to Provide Permian Basin NGL Transportation Solutions
WhiteWater Midstream, MPLX LP and West Texas Gas Inc. (WTG) have formed a joint venture (JV) on Aug. 6 to provide NGLs takeaway capacity from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, Texas.
Drilling
Halliburton Introduces Cerebro Force Drill Bit Sensor
In-bit sensors deliver performance measurements to maximize drilling efficiency and lower well construction costs.