Distributed vibration sensing has provided a new measurement technique for monitoring hydraulic fracture treatments. Once pre-modelled, the strain steps show expected order of response, and the fracture propagation can be matched during real-time to estimate the extent of actual fracture propagation. In unconventional formations, attention is paid to the experiment well, or the first few … Continue reading Integrated geomechanical interpretation of hydraulic stimulation using distributed vibration sensing →

Vienna, Austria, 26 June 2020–The price of OPEC basket of thirteen crudes stood at $37.18 a barrel on Thursday, compared with $38.17 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), … Continue reading OPEC daily basket price stood at $37.18 a barrel Thursday, 25 June 2020 →

The oil & gas industry works to reduce emissions and help the world reach the Paris Agreement objectives. Throughout this transition, both oil and natural gas will retain an important role as affordable, reliable, and versatile energy products for a growing global population. The challenge is to address climate change through emission reduction while also … Continue reading The role of oil and gas in a transitioning world →

New York (CNN Business)Saudi Arabia is pledging to make even deeper cuts to its oil production as the kingdom scrambles to revive the crude market it helped crash. The world’s largest oil exporter announced Monday it will slash oil production by another 1 million barrels per day in June. That’s on top of the record-setting cuts reached by … Continue reading Saudi Arabia scrambles to boost oil prices and revive the market it helped crash →

For the first time in history, producers are paying buyers to take oil off their hands, as fears mount over storage capacity after demand has fallen dramatically. Ellen Wald is the president of Transversal Consulting and explains what’s happening. We look at how the Coronavirus pandemic is affecting Pakistan. The country has only 8,500 confirmed … Continue reading US oil prices turn negative →