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4 Reasons For Poor Well-performance And Their Potential Solutions
The global oil and gas industry is incredibly competitive at the moment, more so than it has ever been before. Given the political power shifts, economic instability, and supply chain issues, there are some major opportunities and challenges that companies need to face head-on, and the last thing you’d want to worry about is poor well-performance…
Read MoreHow Does a Geothermal Power Plant Work?
You must’ve heard about geothermal energy and its capability to transform the future of oil and gas companies. But what makes geothermal energy so precious and a highly sought-after alternative to traditional fuel solutions? Experts say that geothermal power, being a renewable source of energy, can be a glistening choice for oil and gas companies…
Read MoreThe Power of BI Tools for Accelerating an Oil and Gas Company’s Performance
If you’re an employee or a senior manager working at an oil and gas firm, you must have come across several challenges and opportunities for improving business profits. However, leveraging every opportunity may not be possible due to a shortage of resources and budget. It may also be not feasible due to cybersecurity, data loss,…
Read More5 Benefits of Carbon Capture and Sequestration
Short for carbon capture and sequestration, CSS is a process of determining and curbing the amount of carbon dioxide produced during an industrial process. It’s a critical performance and sustainability KPI used in the oil and gas industry. Carbon capture and sequestration also play a vital role in calculating the amount of carbon emitted from…
Read MoreHow Do Well Operators Perform Environmental Well Lifecycle Assessment
Well lifecycle reporting helps well reporters and drilling contractors to evaluate the overall performance of their oil rig wells. With a growing focus on sustainability and environmental friendliness, well operators and lifecycle reporters must also conduct an Environmental well lifecycle assessment. A statistical report reveals that the global well lifecycle and daily drill reporting market…
Read MoreHow Does Technology Help in Improving a Geothermal Power Plant Operations
The demand for geothermal energy is growing by the day. It has become a beneficial and more efficient alternative to fossil fuels, traditionally used for generating electricity. As modern-day businesses and governments move toward sustainable energy resources, they’re actively investing in geothermal resources to increase energy production, supply, and efficiency. However, just like any other…
Read MoreHow Are Hydrogen Value Chains Changing the Face of the Modern Oil and Gas Industry
Modern-day oil and gas companies have a renewed focus. They’re inclining toward sustainable and more environment-friendly practices to reduce their carbon footprint. This transformative change has led engineers and scientists to discover and explore better oil and gas production methodologies. And today, we’re here to discuss the hydrogen value chain phenomenon, which is gaining massive traction…
Read MoreHow Drilling Analytics Software Helps With Data And Results
Drilling Analytics Software (DAS) is a powerful tool that has revolutionized the oil and gas industry, allowing drilling companies to collect, analyze, and optimize data in real time.
Read MoreYour Complete Guide to IADC Daily Drilling Reporting
The IADC Daily Drilling Reporting has been the gold standard for drilling reporting activities that are used by businesses across the globe. They are available in paper form and are obtainable from the IADC. Or, you can get a licensed electronic format from one of their authorized distributors. It is the recognized standard for drilling reporting and…
Read More4 Oil and Gas Key Performance Metrics (KPIs) You Should Measure
Like all other industries, technology has also significantly impacted the oil and gas industry. Drilling contractors or companies that drill and collect oil and gas must constantly use new technologies to stay on top of market trends and requirements. One such market requirement is implementing KPIs and using them to enhance the operations and profitability of…
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