Society of Petroleum Engineers (SPE)


The Society of Petroleum Engineers (SPE) is a professional association whose 60,000-plus members worldwide are engaged in energy resources development and production. SPE is a key resource for technical information related to oil and gas exploration and production and provides services through its publications, meetings, and online resource.

SPE began well before its actual establishment. During the decade after the 1901 discovery of the Spindletop field, the American Institute of Mining Engineers (AIME) saw a growing need for a forum in the booming new field of petroleum engineering. As a result, AIME formed a standing committee on oil and gas in 1913.

In 1922, the committee was expanded to become one of AIME's 10 professional divisions. The Petroleum Division of AIME continued to grow throughout the next three decades. By 1950, the Petroleum Division had become one of three separate branches of AIME, and in 1957 the Petroleum Branch of AIME was expanded once again to form a professional society.

The first SPE Board of Directors meeting was held 6 October 1957, making 2007 the 50th anniversary year for SPE as a professional society.

Latest Society of Petroleum Engineers (SPE) News

Far East Energy releases RISC Contingent Resources report for Shouyang CBM block indicating significant additions to resources

Far East Energy Corporation (OTC:BB FEEC) announced the release of an independent engineering report prepared by Resource Investment Strategy Consultants (RISC) with respect to its coalbed methane (CBM) contingent resources located in its Shouyang block in Shanxi Province, China as of December 31, 2... Wednesday, July 11, 2012

SPE To Relaunch Offshore Achievement Awards In 2012

The Society of Petroleum Engineers (SPE) Aberdeen section is building upon the established high profile of the Scottish Offshore Achievement Awards awards by re-launching the Offshore Achievement Awards. The awards have a 25-year history of celebrating outstanding success in the oil & gas industry. ... Thursday, September 8, 2011

Energy Experts to Gather for 'Smart' Seminar in Aberdeen

A host of Energy experts are gathering in Aberdeen on 7th June to discuss vital issues surrounding the use of 'smart' technologies in the Oil & Gas industry. Organised by The Society of Petroleum Engineers (SPE) Aberdeen Section, 'Smart Energy 2011' aims to examine how operators of all sizes a... Thursday, June 2, 2011

Carbon Storage - the Subsurface: How, Where and Now

It is no longer a question of if Carbon Storage will become a reality in the North Sea but where, say Energy industry experts. Hosted by The Society of Petroleum Engineers (SPE) Aberdeen Section, 'Carbon Storage - the Subsurface: How, Where and Now' one-day seminar on March 28, will hear from lead... Thursday, February 10, 2011

ADIPEC 2010 - Determining the Energy Landscape

ADIPEC 2010 (Abu Dhabi International Petroleum Exhibition and Conference) will open its doors tomorrow (Monday) at Abu Dhabi National Exhibition Centre (ADNEC) placing Abu Dhabi firmly under the world energy industry spotlight. ADIPEC will bring together an impressive assembly of regional royalty,... Sunday, October 31, 2010

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Latest Opinion & Commentary

Morgan Stanley's Oil Prices Forecast is Wrong; Oil is Heading to $50

The Wall Street Journal has conducted a survey in April 2016 to get an overview of the oil prices direction in the next few quarters as seen by 13 investment banks. And despite the current rally in oil prices, the survey shows that analysts are doubting the rally and apparently many of them are stil... Wednesday, May 4, 2016

Oil Industry Insider Report: Declining Supply, Yet Volatility Remains

This is the first edition of the 'Oil Industry Insider Report' which is planned to be produced in a weekly basis to share oil and gas industry insights, recent trends and important events taking place. We start our weekly oil industry insider's report with the most important oil market event where ... Wednesday, March 16, 2016

Why OPEC is Losing Control Over Oil Prices & How Shale Oil Controls It Indirectly

Who controls oil prices? Before 2015, the answer for this question would definitely be OPEC. No one can deny the fact that OPEC had the upper hand on oil prices up until 2015. However, since 2015 up until today and to the unforeseeable future, OPEC will not be able to control oil prices as it did in... Monday, February 29, 2016

U.S. Shale Oil Resilience; What OPEC Didn't Expect?

It is over a year now since OPEC declared its market-share cold war against shale oil producers back in 2014, yet the cartel still can't declare 'mission accomplished' and claim its victory. Following its decision not to cut oil production, OPEC expected oil prices to drop to $70 a barrel, which th... Thursday, February 18, 2016

Oil Prices Forecast; The Analysts Are Wrong Again... Here's Why

The beauty of the oil industry lays on the fact that it is unpredictable. It has a striking way of surprising everyone. Even those who think they know it best, sometimes it makes them feel they know nothing about it. The current market downturn and the analysts' expectations about it is just a clear... Thursday, December 31, 2015

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