Producing the next 50 % of the world’s oil reserves
In 1967, an oil embargo imposed by the Arab producers on a select group of Western nations failed badly. One of the reasons for this failure was the fact that…
Worldwide
“Surviving the next reorganisation is all my generation looks forward to”
“Did you see that Exxon has a recruitment sign on their stand?” somebody told me at the IMAGE Conference last week. It was a very telling remark, a remark that…
Bottom-up meets top-down
If there is one positive aspect to this day and age, it is the ability to form solid working relationships even when people are living at opposite ends of the…
Geosteering to number one
“I learned the ropes of directional drilling in Siberia,” says Airat when we meet on Teams. He calls in from his home in Saudi Arabia, where he now works as…
Liberating well data with modern data science and AI
AI-driven well data revolution: Unifying traditional expertise with modern data science The oil and gas industry is navigating a transformative era fueled by the convergence of geoscience, data science, and…
Finding the right needle in the haystack
The ultimate question every operator faces is whether there is room to arrest the decline of their producing field by investing to increase the recovery factor. One of the most…
Global trends in petroleum fiscal terms: A race to the top?
As competition for upstream investment intensifies, countries across the globe have responded with a wave of fiscal and regulatory reforms aimed at attracting limited capital. Since the 2014 oil price…
Shale 3.0
With reports that output from the US shale basins is creaming, combined with price pressure on production and environmental concerns, there has never been a better time to invest in…
From Moscow to Mohkínstsis
“I was the first generation of students that graduated in the Soviet Union without having a job lined up for me,” says Svetlana Bidikhova. “When I started university, few people…
How to stand your ground as a YP working in the oil and gas industry?
“Let’s not forget that the oil and gas industry is not the sole source for the environmental problems the world is facing,” wrote one of the young professionals during the…
The evolution of fault interpretation
Before the advent of 3D seismic data in the 1980s and 2D seismic in the 1970s, subsurface geologists typically depicted or interpreted faults as vertical or nearly vertical. Consequently, these…
Embracing uncertainty in geothermal exploration
“If we can’t discuss uncertainty, we won’t go anywhere.” Geothermal Radar’s co-founder Philip Ball is adamant about what is currently lacking in the planning of new geothermal exploration wells. “Where…