Drilling

News
November 06, 2024
Weatherford has announced two contracts in the Middle East, with Kuwait Oil Company (KOC) and a National Oil Company (NOC) in Qatar. The contracts will implement Weatherford's drilling technologies for enhanced safety, speed, and cost-efficiency in well delivery.
News
November 05, 2024
(Bloomberg) – Chevron Corp. has expanded its exploration acreage in African oil producers including Nigeria and Angola, where it sees the potential for a production revival despite years of decline. 
News
November 04, 2024
ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture Enersol has agreed to acquire a 95% equity stake in Deep Well Services (DWS), for approximately $223 million including performance-based payments.
News
October 31, 2024
Enovate AI has announced a strategic partnership with SGS to revolutionize drilling efficiency in the oil and gas industry through the application of AI-driven Bottom Hole Assembly (BHA) optimization, specifically focusing on roller reamer placement.
News
October 31, 2024
ADNOC Drilling announced a significant increase in third quarter 2024 revenue, driven by the company's expansion of onshore and offshore fleets, OFS expansion and joint-venture contributions. 
Article
October 2024
The economic consequences of a banking crisis, if not addressed preemptively or in time to limit the damage, are numerous and dire, and need not be detailed here. Just the same, condensate banking in a gas well can also become a productivity and economic crisis, if ignored or not properly addressed proactively.
Article
October 2024
U-laterals are being employed increasingly by operators to gain access to greater amounts of reserves while simultaneously yielding significant savings.  
Article
October 2024
Engineers leveraged data analytics, domain knowledge, and physics and machine-learning models to generate a depth-based optimum operating parameter roadmap automatically. This workflow enables ROP improvement and the reduction of drilling risks, becoming a key element for evolution of autonomous drilling operations and well cost reduction.
Article
October 2024
Consistency and repeatability improve efficiency in drilling operations, delivering safety gains in conjunction with reductions in flat time.
News
October 28, 2024
(Bloomberg) — Cnooc Ltd. posted a rise in Q3 profit after the company offset lower crude oil prices with increased output. The state-owned firm has a prominent role in raising output to meet targets for energy security, a task that has greater importance as the geopolitical landscape becomes more uncertain.
News
October 15, 2024
Nabors Industries has announced a definitive agreement to acquire Parker Wellbore in a transaction valued at $472 million. This strategic move strengthens Nabors' Drilling Solutions business and will lead to profitable growth for both companies.
News
October 10, 2024
Standards development follows a structured and systematic process, ensuring the highest quality and likelihood of implementation by industry and regulators worldwide. World Oil recently spoke with Paula Watkins, API Senior Director of Standards Development, to gain insights into the intricacies of the standards development process, the role of international collaborations, and the challenges along the way.
Article
September 2024
Continuing with the story from in prior columns, we’re looking at U.S. drilling activity to see how drilling performance has changed over the last few years and what it might say about how we can advance drilling even further.
Article
September 2024
The General Bond Log Interpreter (GBLI) is capable of interfacing with all cement bond logging tools and performing automated interpretation at >90% accuracy.
News
September 30, 2024
The JV will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions.
Article
September 2024
Operators are under great pressure to increase operational efficiencies, and drilling faster is key. However, pushing drilling equipment harder can be risky, as expensive components can be damaged by vibrations. Mitigating drilling dysfunctions caused by near-bit vibrations is crucial to increasing weight on bit (WOB), which leads to gains in ROP without compromising the drill bit or damaging the BHA.
Article
September 2024
New equipment automation advancements remove personnel from the red zone, improving safety, consistency, and efficiency.
Article
September 2024
Electrification has proven to be effective in lowering costs and the carbon footprint of drilling operations. This article provides technical analysis of highline (grid) power utilization on rigs through the lens of an innovative technology that connects a rig to a power grid, reducing Scope One emissions to nearly zero.
News
September 18, 2024
LOGIX assists with autonomous drilling, streamlines well delivery, can shorten production timelines, and reduces rig time through intelligent automation.
News
September 15, 2024
This collaboration enhances geocentric data interpretation, improves cross-discipline communication, and sharpens subsurface insights, driving faster, more precise decision-making. The result is increased drilling efficiency, innovation, and collaboration for superior well performance.
News
August 28, 2024
Output rose to a record 362.6 MMboe, as Beijing pushed for increased production from its state-owned drillers to enhance energy security amid rising geopolitical tensions.
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