- Five Major Challenges Facing The Energy Industry
- Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many head
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042016-05
- The Age of Cheap Oil and Natural Gas Is Just Beginning
- Oil price rises over the past 40 years have been truly spectacular. In constant money, the price of oil rose by almost 900% between 1970 and 2013. This can be compared with a 68% increase for a metals and minerals price index, comprising a commodity group that, like oil, is exhaustible. In our view, it is political rather than economic forces that have shaped the inadequate growth of upstream oil production capacity, the dominant factor behind the sustained upward price push.
022016-05
- How to choose a suitable cement retarder in long cementing interval well?
- In many complex geological conditions of deep and ultra-deep wells often encounter long cementing problems. Sometimes in order to save costs in developing wells, reducing bushing level, but also requires a longer sealing cementing.
In the process of long Deep well cementing, in order to meet the requirements of high temperature cycle time of construction, cement slurry is added a large number of high temperature retarder, when the top of the grout back to the low temperature range, due to the high temperature retarder ultra-retarding effect at low temperatures, easily lead to long-term non-c
292016-04
- Why do we need drilling fluids?
- A drilling fluid is a multifunctional system - it is designed to fulfill several tasks, while drilling. For example, it cleans a borehole from the drilled cuttings and debris. Also, drilling fluids ensure efficient penetration of so-called production intervals, and they also protect the down hole environment.
The use of drilling fluids enables to perform the following functions:
• to prevent the drill bit from heating up;
• to strengthen the sediments/ the rocks, thus significantly hardening the borehole walls;
• to remove drilled cuttings from the borehole;
• to prevent rock sloughing;
272016-04
- Saudi reforms could be low oil price's cure
- A major obstacle holding back economic reform in Saudi Arabia has been removed. And with it goes one of the main barriers to a rising oil price.
252016-04
- Why CNPC and BP signed the shale gas sharing contract at this depressed season?
- BP and China National Petroleum Corporation (CNPC) signed a production sharing contract (PSC) for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, China On March 31. Mr. Wang Yilin had a meeting with Mr. Bod Dudley before attending the signing ceremony, and spoke highly of the cooperation results of the two sides under the tough situation brought by low oil prices.
222016-04
- Are you serious about the "World Earth Day"--Do you really know "Hydrofracture " in crude oil exploitation
- Hydraulic fracture is an important technical measure for stimulation of oil & gas well and water injection well. In the stimulation, it achieved significant achievements in the using low, medium and high permeability oil & gas reservoirs. Using high pressure pumps, it send the high viscosity fluids that exceed the displacement of absorption capacity in the wells. When The crack arise in the bottom near, when the pressure is higher than the wall near the ground stress and rock tensile strength. Then continue to inject the carrying fluid with the support agent. When the crack is filled with the
202016-04
- Oil prices slide more than 2% as Kuwait workers call off 3-day strike
- Crude oil prices retreated early Wednesday after Kuwait oil workers called off a three-day strike, a key support that kept oil prices afloat after major global producers failed to agree to a production freeze last weekend.
182016-04
- OPEC Doha Meeting: The agreement on Oil Production Freeze failed
- DOHA, Qatar — Officials from 18 oil-producing nations failed on Sunday to reach a deal to freeze oil production at current levels.
The officials, who represented most of the Organization of the Petroleum Exporting Countries as well as Russia, seemed to head into the meeting full of confidence that a deal to stabilize the oil markets could be reached.
Instead, the talks dragged into the evening before Qatar’s energy minister, Mohammed bin Saleh al-Sada, told a news conference that the group had been unable to reach agreement.
152016-04
- Why do we need to calculate the cementing additives' thickening time?
- A plenty of slurry is in need during the process of oilfield drilling. At the beginning, the slurry liquid, while Water and cement hydration to generate natural gas hydrates, the slurry coalescence and thicken, become jelly then stop flowing. The time cement slurry get to the specified consistency, we called the thickening time!
The thickening time of slurry is the basis of cementing construction time, related to the cementing quality, even the success of the cementing!
So we need to carefully calculate the cementing thickening time, make it within the specified timeframe, and the cement
132016-04
- Russian Energy Ministe Confidently Predicts $65 Oil Price In 2017
- Russian Energy Minister Alexander Novak believes Russia can rely on a recovery of oil prices reaching $65 per barrel next year.
