Just before Labor Day in 2005, Hurricane Katrina caused extensive damage to New Orleans and southern Mississippi. From a midstream perspective, the impact was limited to a few gas plants and a few small fractionators, with most market impacts resulting from extensive damage to offshore oil and natural gas production platforms. Source: News

US and Canadian shale operators have adjusted completion designs and increased proppant volumes to maximize well productivity. McKinsey Energy Insights (MEI) expects this trend will continue at $50/bbl oil, particularly in the Permian basin. Source: News

Drillbit manufacturers are adding multidimensional cutter technologies and small moving parts to fixed diamond-cutter bits to create what they call smarter, stronger bits that recognize different rock layers. Operators focused on US shale plays previously used bits with no moving parts but now seek higher efficiency. Source: News

Geologically realistic models generated from raw seismic velocities can predict pore pressure and fracture gradients useful in designing safe, economic predrill mud programs. Source: News

Statoil ASA has discovered 25-130 million bbl of oil in Verbier sidetrack Well 20/05b-13Z in the outer Moray Firth on the UK Continental Shelf (UKCS). Source: News

Chevron Corp. recorded third-quarter earnings of $2 billion, up from $1.3 billion in third-quarter 2016, even as its net US upstream production posted a year-over-year decline. Source: News

In three encouraging developments involving federal land last month, the US oil and gas industry should find both validation and challenge. Source: News

Unconventional resource growth has predominantly been a North American phenomenon, but with China and Argentina now producing oil and gas from shale, the unconventional market has taken on the “international” moniker. Source: News

The evolution of the engineering, procurement, and construction space can be traced back through a seemingly never-ending chain of mergers and acquisitions. Firms have joined forces through the years as a means of survival as competition increased and projects became more complex. In the oil and gas industry, this activity has recently accelerated in response […]