A new model can predict fracture widths quickly in the field based on logged well data and adaptations of existing models. Operators experiencing drilling mud loss through natural fractures must accurately calculate fracture width to ensure successful plugging. Source: News
Kazakhstan's Karaganda basin offers CBM developmenet prospects
The coal-bearing Karaganda basin in central Kazakhstan could contain up to 10 tcf of unconventional gas according to results of an exploration and pilot production program in the Taldykuduk area. Source: News
UKCS reserves to sustain production for at least 20 years
The UK Oil & Gas Authority (OGA) believes the country’s petroleum reserves could sustain production for at least the next 20 years. The report, “UK Oil & Gas: Reserves & Resources,” shows remaining UK resources of 10-20 billion boe. The report looked at data for the end of 2016, and OGA said the UK and […]
Pruitt affirms 'back to basics' agenda is under way at EPA
US Environmental Protection Agency Administrator E. Scott Pruitt told a House Energy and Commerce Committee subcommittee that EPA is moving forward on refocusing the agency on its core mission: restoring power to states through cooperative federalism and improving policy processes while adhering to the rule of law. Source: News
NAFTA's energy-trade benefits risked by weakened deal, House panel told
While the North American Free Trade Agreement could be revised to improve energy trade among Canada, Mexico, and the US, scrapping or weakening it would jeopardize progress that already has been made, four witnesses told a US House Energy and Commerce subcommittee on Dec. 13. Source: News
WoodMac: Upstream companies shift to 'thrive' in 2018
Oil and gas companies are set to enter 2018 in their best shape since oil prices collapsed. In its 2018 Upstream Outlook, global natural resources consultancy Wood Mackenzie believes many will now focus on demonstrating they can thrive in a low-price environment. Source: News
Barclays: Global E&P spending recovery remains intact
Global recovery of upstream spending remains intact, albeit at a measured pace that isn’t likely to materially tighten many global oil field service and equipment markets, according to the 33rd annual Barclays E&P Spending Survey. Source: News
Production restraint by OPEC, others key to oil-market balance this year
With continued production discipline from Saudi Arabia, Russia, and other oil-exporting countries, the global oil market will be generally balanced this year, Oil & Gas Journal forecasts. Source: News
Remembering competition
In discussions about energy transitions certainly under way, competition receives too little mention. Attention understandably focuses on the erosion of demand for gasoline and diesel as sales of electric vehicles (EVs) grow. But competition works in more than one direction. Source: News
Oil price dynamics
Rising unconventional oil production combined with the 2015 lifting of restrictions on US crude exports is changing the way light, sweet crude oil is traded and priced worldwide. Source: News