Industry News

Confidence 'Slowly Returning' to Oil and Gas Industry

Confidence is slowly returning to the oil and gas sector but "considerable challenges" remain, industry leaders say.

OPEC’s Reversal is Gift to Oil Majors after Two Years of ‘Hell’

When the bosses of the world’s biggest oil companies gather in London on Tuesday, they might have the urge to track down the Saudi energy minister and shake him by the hand.

Optimizing development of new reservoirs and revitalizing mature fields

Geomechanics is the study of how soils and rocks deform in response to changes of stress, pressure, temperature, and other parameters.

Slide drilling technology delivers significant gains in horizontal reach wells

Directional wells allow operators to maximize wellbore exposure through productive zones. In many such wells, directional drillers use steerable mud motors to kick off the well, build angle, drill tangent sections, and maintain trajectory necessary to hit target zones.

CNOOC and Shell take final investment decision to expand petrochemical complex in China

China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V. (Shell) today announce the final investment decision to expand CNOOC and Shell Petrochemical Company’s (CSPC) existing 50:50 joint venture (JV) in Huizhou, Guangdong Province, China.

Panama Canal opens shortcut for natural gas

“The canal is a magnificent technical achievement and it was an honour to be the first to take an LNG ship through it,” said the 39-year-old Master of the Shell-chartered Maran Gas Apollonia. “It is a real milestone.”