Oil prices may double say IMF

Friday, May 18, 2012

The IMF (International Monetary Fund) has been informed by its own research team that oil prices could permanently double over the next 10 years. Although the world economy is used to oil prices spiking at months of a time, permanent doubling of oil prices could severely affect global trading. The ...

Insight: Enhanced oil recovery for field life cycle

Thursday, May 17, 2012

In future, reservoir engineers will plan for enhanced oil recovery covering the entire lifecycle of a field - it won't just be something they think about at the end, Shell believes. Shell believes that it should be possible to increase recovery on a typical reservoir to as high as 70 per cent, ...

Oil and Gas Translation: Technical tips to increase your success rate

Wednesday, May 16, 2012

As a dynamic and innovative sector, the oil translation industry presents new challenges for technical oil and gas translators on a daily basis. To help improve your translation success rate, we've interviewed our leading oil and gas technical translators to share the secrets of their success. T...

Oil money still pouring into Eagle Ford

Tuesday, May 15, 2012

A new analysis by Evaluate Energy highlights the big differences in drilling costs between companies in North American shale plays. The data reveals how much companies are set to spend and how many wells they will drill in the coming year in each play, and provides a benchmark average cost of a dril...

Insight: Technology is what matters

Tuesday, May 15, 2012

Shell said it spends more money than any other international oil major on research because it believes technology is the way to take the industry forward, says Director of Technology Matthias Bichsel. 'Technology is really what matters,' said Matthias Bichsel, Director Projects and Technolo...

BP to start new oil rigs in Gulf of Mexico

Thursday, May 10, 2012

The latest reports surrounding oil and gas Giant BP state that the company are to start three new oil rigs in the Gulf of Mexico. Along with BP's existing rigs, these new developments will mean the company will have more operating rigs than it did before the Deepwater Horizon disaster three year...

Insight: Running E&P work flows through a web browser...

Thursday, May 10, 2012

Oil & gas IT could be much easier if all data and application functionality was on a centralised database and computing platform accessed via a web browser, instead of using multiple PC software tools. Dr Duncan Irving of Teradata asks if it can be done. If the oil and gas industry was starting its...