Confidence is slowly returning to the oil and gas sector but "considerable challenges" remain, industry leaders say.
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.
Geomechanics is the study of how soils and rocks deform in response to changes of stress, pressure, temperature, and other parameters.
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.
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.