Issue: November 2024
SPECIAL FOCUS: ADVANCES IN PRODUCTION
InjectRT鈩, a novel鈥痠ntelligent chemical treatment optimization service from Baker Hughes, uses cutting-edge machine learning techniques to automatically calculate and adjust chemical injection rates in near real-time. This technology minimizes corrosion and scaling, extends the run life of ESPs, and increases production.聽
Advanced functionalities and high-resolution data unlock exponential increases in efficiency and optimization through total-view well intelligence, real-time diagnostics, remote monitoring and full-range automated control鈥攁ll incorporated within a plug-and-play platform scaled to the economic profile of a marginal plunger lift well.聽
A combination of a turbo-expander and a liquid jet ejector can be used to extract energy from multiphase streams during production.聽聽
Subsea choke valve failures can be costly, with component costs, subsea replacement logistics and lost production time. ClampOn鈥檚 Choke Condition Monitor (CCM) can help reduce choke failures by monitoring vibration and acoustic levels, offering operators necessary information to change choke flow and plan maintenance intervals.聽
Features
As generative A.I. surges in interest, with ever-expanding applications, industry discussions focus on the best ways to take advantage of the technology. While the possible applications present a tantalizing prospect for companies, adopting the technology will require companies to carefully consider existing infrastructure and data management.聽
Oil and gas operations can use IoT and cellular technology to remotely monitor and optimize reservoir, well and facility performance鈥攁ll while minimizing the need to physically send workers into potentially hazardous environments.聽
Casing patch systems offer significant downtime reductions to operators in the face of unique well integrity problems, such as casing leaks or corrosion.聽
Blue hydrogen intersects traditional fossil fuels and the emerging low-carbon economy. For upstream companies, this convergence offers a way to participate in the energy transition and decarbonize hard-to-abate industries. In the near term, blue hydrogen will play a key role in regions with abundant natural gas and suitable CO鈧 storage sites.聽聽
Upstream oil and gas activity in the part of the U.S. residing in U.S. Federal Reserve District 11 declined slightly during third-quarter 2024, as commodity prices stagnated.聽聽聽
How intelligent rig controls hold the key to peak drilling performance with a lower carbon footprint. 聽
There are multiple possible futures that lay ahead for the Marcellus and Utica shales鈥搘hich ones will come to pass? The Marcellus and Utica shale formations are seen today, by both industry and government, as tremendous opportunities for companies and state governments: domestically produced energy; and jobs in the natural gas industry and associated businesses.聽聽
Columns
After four years of often irrational, counterproductive federal policymaking by the Biden/Harris administration, America鈥檚 oil and gas industry celebrated the election of Donald J. Trump (Fig. 1) to a second term in office in the Nov. 5 elections.聽聽
Continuing with the story from prior columns, we鈥檙e looking at U.S. drilling activity to see how drilling performance has changed over the last few years and what it might say about how we can advance drilling even further.聽聽聽
With President-elect Trump and his pro-oil stance set to take position in office, a new Secretary of Energy candidate who opposes much of the ESG movement, and Liberty Oil suing the SEC for overreach 鈥 are we seeing the end of the ESG movement?
The American people sent a resounding message during the 2024 election: they do not like the direction the country is headed, and they want change. With President-elect Donald J. Trump鈥檚 decisive win, and Republicans holding both branches of Congress, the time is ripe to pivot toward policies that truly benefit hardworking Americans. High energy costs, inflation, and bureaucratic red tape are issues that families and businesses confront daily, and it鈥檚 time to turn the tide.聽
It goes without saying that the U.S. upstream industry is very pleased with the Nov. 5 election result. That large sound that some of you across the pond in Europe might have heard was the giant, collective sigh of relief coming from operators, service companies and drilling contractors throughout the country, as President-elect Trump is wasting no time in putting together a wide-ranging energy plan.