SPE: Oil companies reviewing fracturing plans with low oil prices

Oil and gas companies are looking for innovation from their fracturing contractors, and producers are evaluating completion strategies given the prolonged oil price downturn, plenary session speakers told the SPE Hydraulic Fracturing Technology Conference in The Woodlands, Tex., on Feb. 9.

Paula Dittrick
Feb 15th, 2016
In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home
Oilfield Service Technology Pitfalls And how to avoid them.
Sponsored
Oilfield Service Technology Pitfalls And how to avoid them.

Oilfield service is a tricky business for a number of reasons. But fluctuating demand driven by commodity prices are the root cause behind a number of the challenges executives in this industry face

Aug 22nd, 2019
190912 Rystad Production Chart
Drilling Operations
Rystad: US shale production to reach 14.5 million b/d by 2030

US shale production will peak at 14.5 million b/d around 2030, Rystad Energy forecast, saying US light, tight oil (LTO) represented less than 1% of world oil supply 9 years ago but represents close to 10% of total world oil supply in 2019.

OGJ editors
Sep 12th, 2019
190912 Equinor Tordis Vigdis
Production Operations
Tordis, Vigdis facilities to operate 34 years beyond previous consents

Equinor has been granted consent by the Norwegian Petroleum Directorate to use the facilities on Tordis and Vigdis fields in the North Sea beyond their respective December 2019 and March 2024 consents.

OGJ editors
Sep 12th, 2019
190912 Equinor Bahamas Spill
HSE
Equinor progresses with oil spill recovery in the Bahamas

Equinor is progressing with oil spill recovery at the South Riding Point terminal in the Bahamas after the impact of Hurricane Dorian. An onshore team has started to recover oil and move it into tank storage.

OGJ editors
Sep 12th, 2019
190911 Wgc Equus Schematic
Drilling & Production
Western Gas aiming for 2024 for start of Equus gas production

Western Gas Corp. reported that its Equus gas project offshore Western Australia is on track for coming on stream in 2024. The estimate follows completion of an “upstream-to-LNG development plan” and the commencement of project financing and partnering.

Rick Wilkinson
Sep 11th, 2019
190910 Eia Steo Chart
Economics & Markets
EIA continues to lower oil price, demand growth forecasts

In its September Short-Term Energy Outlook, the US Energy Information Administration reduced its 2019 Brent crude oil price forecast to $63/bbl, which is $2/bbl lower than in its August STEO.

OGJ editors
Sep 10th, 2019
190910 Suncor Cogen Coker
Refining
Cogeneration due at Suncor oil sands plant

Suncor Energy Inc. will invest $1.4 billion to replace two coke-fired boilers with gas-fired cogeneration units in a project that will cut greenhouse-gas emissions from steam production at its Oil Sands Base Plant by 25%.

OGJ editors
Sep 10th, 2019
190909 Noble Leviathan Lift
Drilling & Production
Two main topsides lifted onto Leviathan platform

Heerema Marine Contractors’ Sleipnir semisubmersible crane vessel, said to be the world’s largest, completed a 15,300-tonne lift, installing the topsides for Noble Energy’s Leviathan development in the Mediterranean Sea.

OGJ editors
Sep 9th, 2019
190909 Equinor Dorian Terminal
General Interest
Equinor addresses hurricane-damaged terminal in Bahamas

Equinor continues the work with resources from the Bahamas, the US, and Norway to respond to the effects of Hurricane Dorian on the South Riding Point terminal on Grand Bahama Island and the oil spill at the terminal site and nearby.

OGJ editors
Sep 9th, 2019
190906 Cooper Annie Map
Discoveries
Cooper Energy-led JV makes gas discovery offshore Otway

The 50-50 joint venture of Cooper Energy Ltd., Adelaide, and Japanese entity Mitsui E&P Australia has reported a natural gas discovery with the Annie-1 wildcat in permit Vic/P44 in the Victorian section of the offshore Otway basin.

Rick Wilkinson
Sep 6th, 2019