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Posts Tagged ‘technology’

Minimizing Operational Risk through Information Technology

As oil and gas projects increase in complexity, it becomes more difficult for companies to manage them.  This can introduce the risk of noncompliance with regulations, going over budget, or worst of all, causing an accident.  Information technology (IT) can be used to help manage projects better, as well as make strategic decisions such as…

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FPSO Technology in the Gulf of Mexico

A floating, production, storage, and offloading (FPSO) unit is a floating vessel used in offshore drilling.  FPSOs receive hydrocarbons from nearby offshore platforms, process them, and then store them until they can be offloaded onto a tanker or transported through pipeline.

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Unconventional Energy expected to create Three Million Jobs by 2035

This month, market intelligence firm, IHS released a report entitled “America’s New Energy Future: The Unconventional Oil and Gas Revolution and the U.S. Economy.”  Our blog post will focus on a few of the numbers in the report, especially this one:  Between now and 2035, unconventional energy will generate millions of jobs.

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Shale Plays Transforming US Onshore Rig Fleet

Six or seven years ago, only 10% of oil rigs in the United States were used to drill horizontal wellbores.  Now, more than 60% of oil and gas projects require horizontal drilling.  Why?  The U.S. oil and gas industry is trending towards shale and other unconventional resources – and wells reaching these resources are drilled…

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