Here are 10 things you  need to know about the ongoing conflict between Saudi Arabia and Iran that is upsetting oil markets: It is a longstanding conflict between different sects of the religion of Islam that has been raging for centuries. It is true that the recent Iranian provocations dating...
Saudi Oil
It would appear we have an addendum to last week’s post. As you have most likely heard by now, Saturday morning saw an attack on facilities at Saudi Arabia’s Aramco. The jury seems to be out on whether it was drones, missiles, or both, and with whom to rest...
Strategic Petroleum Reserve to get only 1 million barrels
Everyone should go to the gas station and fill your tanks today. There’s no need for panic, but you might save a little money by doing that. The attack on Saudi Arabian refining and other oilfield infrastructure by Huthi rebels supported by Iran Saturday has forced the Saudi government to...
Saudi Arabia: Preparing for another wave?
Last Sunday, Saudi Arabia’s King Salman removed Energy Minister Khalid al-Falih and replaced him with Prince Abdulaziz Bin Salman. This marks the first time a royal family member has held this position, but Prince Abdulaziz is not taking over the position without knowledge or experience. He has been in...
The Office of Fossil Energy has given a $3.5 million grant to the University of Kansas to look into a way of improving the fracking process. It is their plan to develop “smart microchip proppants.” Let’s take a look at what the hydraulic fracking process entails, what proppants are,...
Managing the Uncertainty Challenge in Reservoir Simulation
By: Irele Philip Evbomoen, P.Eng, Schlumberger Uncertainty Challenge A significant part of any reservoir simulation or production enhancement study involves adequately quantifying reservoir uncertainty, particularly when there is limited information available – as is often the case with most oil and gas fields worldwide. The inherent uncertainties start to manifest right...
Trump & DOE Extent LNG Exports
HOUSTON--(BUSINESS WIRE)--Sep. 3, 2019-- Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that Substantial Completion of Train 2 of the Corpus Christi liquefaction project was achieved on August 28, 2019. Commissioning is complete and Cheniere’s EPC partner Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) has turned over care, custody, and control of Train 2 to Cheniere. Cheniere, its...
How Oil and Gas is Saving Lives This Week, Grand Bahama
Grand Bahama this morning (September 4) looks a lot like Galveston did on September 9, 1900. – On September 8 of that year, the deadliest hurricane in American history slammed into Galveston Island with winds in excess of 140 mph – which would make it a Category 4 hurricane...
Austin, TX (August 28, 2019) – Enverus (formerly DrillingInfo), the leading energy SaaS and data analytics company, announced today that it has acquired approximately 200,000 geological well datasets from Reservoir Visualization, Inc (RVI). The expansion quadruples Enverus’ interpreted well log catalog and is the first announcement since the company...
ANCHORAGE, AK – August 27, 2019 - Hilcorp Alaska (Hilcorp) announced today it will acquire all of BP’s ownership in upstream and midstream interests in Alaska for $5.6 billion including the Milne Point and Point Thomson fields and Prudhoe Bay oilfield where BPXA is the operator. This transaction marks...