Archives for May 2017
A sign of the times: OTC hauls less gear onto the show floor
Another sign of the woes of the offshore industry: The movers who truck gear into the annual Offshore Technology Conference hauled more than 1 million pounds less onto the floor this year than last. Dallas...
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Oil falls sharply on supply worries; OPEC gains gone
Crude’s losses accelerated, erasing gains sparked by OPEC’s November output agreement, as concerns over a supply glut mounted. U.S. stocks fluctuated after falling in oil’s tow as earnings boosted insurers. West Texas Intermediate crude fell...
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OTC Commentary: How digital technology is transforming oil
By Ahmed Hashmi Fourteen years ago, at its 2003 annual energy conference here in Houston, Cambridge Energy Research Associates (CERA) presented a bold vision of how digital technology might transform the world of oil and...
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Q & A: How new technologies shear deepwater costs
The recovery in energy prices won’t produce a mad rush into deep-water fields anytime soon, but drillers are still spending billions this year on more cost-efficient projects that can outlast cheap oil, says the executive...
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OTC Commentary: Big data comes to deepwater drilling
By Matthew Franchek An unexpected equipment failure can affect offshore producers much the way an unexpected closure of Interstate 10 affects Houston drivers. Everything comes to a stop. For drivers, that means lost time. For...
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