Offshore Service Market to Outspace Onshore Shale
Spending on the offshore service sector will outpace spending on the onshore shale sector this year, said Rystad Energy.According to Rystad's Oilfield Service Research report, service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal.At current oil price levels, spending on land rigs, fracking and other services for the shale industry is likely to stay essentially flat in 2019. The offshore service market, too, will feel the effects of the recent oil price slide, but this sector is nevertheless
Modern Facies Analysis Brings Greater Accuracy to Reservoir Models
New facies-first technique provides greater geo-model accuracy to optimize reservoir appraisal and assessment.Deriving facies models from the outcomes of seismic inversions, and their derivatives, has become standard practice in reservoir characterization workflows. Although facies classification methods are rooted in Bayesian inference theory, they continue to evolve. CGG GeoSoftware has included some valuable new capabilities to improve facies analysis within its Jason FFP (Facies & Fluids Probabilities) interpretation tool as part of its new 10.0 release of Jason Workbench scheduled for the end
NOCS: Expedition to Investigate Carbon in the Benguela Upwelling
On May 2018 the Royal Research Ship (RRS) Discovery will begin an ambitious science expedition to the South Atlantic to study the role of low oxygen zones in ocean carbon storage. The results of this investigation will help improve understanding of how the ocean’s biology contributes to the long-term storage of carbon in the ocean.The National Oceanography Center (NOC) will lead this expedition to the Benguela upwelling region of the South Atlantic, where cold, nutrient-rich water rises to the surface, providing the food to fuel large blooms of tiny marine plants, called phytoplankton.The
February 2024
