Archives for 2017
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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Attending OTC, but investing in onshore drilling
Even as he manned his company’s booth at Houston’s Offshore Technology Conference on Wednesday, Kevin Anderson saw a certain irony in attending the industry’s annual summit. “You have to go where the oil companies are...
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Chemicals – not gasoline – is future, says Phillips 66
The top two executives at Phillips 66 backed away from the gasoline business on Wednesday and said that pipelines and chemicals held more promise for the company. “Today, if we look at the opportunities...
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