Drilling
News
December 09, 2022
Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta on Dec. 9. The deal will see Houston American Energy gain ownership of Hupecol's acreage in the CPO-11 block located in Colombia's Llanos basin.
News
December 08, 2022
Well-integrity specialist company HydraWell has unveiled its new technology, HydraCT, an advanced perforation, wash and cement system specifically designed for coil tubing applications with the potential to cut CO2 emissions by 80% and reduce costs by up to 60%.
News
December 06, 2022
The U.S. raised its forecast for oil production next year, reversing course after five straight months of cuts that stoked concern about a slowdown in output from shale fields.
News
December 02, 2022
Neptune Energy and its license partners on Dec. 2 announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea. Preliminary estimates are between 1 to 3.5 million standard cubic meters of recoverable oil equivalents, corresponding to 6 – 22 million barrels of oil equivalent.
News
December 01, 2022
Canadian Natural Resources Ltd., Canada’s largest oil and gas producer, is aiming to raise production as high as 1 million barrels a day in 2023 for the first time as the company ramps up drilling amid historically high prices.
News
November 28, 2022
The Biden administration plans to offer hundreds of thousands of acres off the coast of Alaska for new oil and gas drilling next month, a sale mandated in Democrats’ Inflation Reduction Act to win the support of holdout West Virginia Senator Joe Manchin.
News
November 28, 2022
Perenco UK has signed a contract for a campaign of drilling operations using the Valaris 247 jack-up rig, the company announced on Monday.
News
November 27, 2022
Shell Plc is selling its stakes in a group of North Sea oil fields, according to Bloomberg News. The assets include minority stakes in two fields operated by BP Plc and an interest in a discovery field also operated by BP in the waters east of Scotland.
News
November 27, 2022
The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years ago.
News
November 21, 2022
A frac-sand plant in the Eagle Ford region of Texas erupted in flames over the weekend, imperiling supplies of a key component in shale drilling.
News
November 21, 2022
Zephyr Energy Plc, the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, announced on Monday that drilling operations have commenced on the State 36-2 LNW-CC well at its flagship project in the Paradox Basin, Utah.
News
November 21, 2022
ADNOC Drilling Co. signed an agreement on Monday to acquire an additional three brand new high-specification offshore jack-up drilling units. The cost of the acquisition is part of the company’s three-year guidance on capital expenditure and its strategic growth plans.
News
November 17, 2022
Diamondback will acquire drilling rights across 15,000 net acres in the Permian’s northern Midland Basin in Texas from closely held Lario Oil and Gas Co. for $850 million in cash and 4.18 million shares, according to a statement on Wednesday.
News
November 17, 2022
The Democratic Republic of Congo must be compensated if it’s to halt plans for oil and gas drilling in the world’s biggest tropical peatlands, which store three years of annual global carbon emissions, the country’s vice prime minister for environment said.
News
November 16, 2022
Texas oil and gas production will continue to recover and grow during 2023, and use of oilfield electrification will expand with it. That was the takeaway message from Texas Alliance of Energy Producers President Jason Modglin, who delivered the keynote address Tuesday morning during Day 1 of World Oil’s Oilfield Electrification Technology Conference.
News
November 14, 2022
Saudi Arabia’s wealth fund is considering an initial public offering of oil and gas driller ADES International Holding by the first half of next year, as it accelerates efforts to raise billions of dollars for new investments, sources said.
News
November 08, 2022
It became clear from speakers at last week's IADC meeting that publicly held operators continue to utilize technology to improve their efficiencies and bottom lines while pursuing careful paths toward E&P expansion, keeping a close eye on shareholder returns.
News
November 04, 2022
Neptune Energy announced Friday that drilling has commenced on the Calypso exploration well in the Norwegian Sea, with a target depth of approximately 2,960 meters (9,711 feet).
News
November 03, 2022
As the International Association of Drilling Contractors gathered in New Orleans on Thursday, the drilling VP of the Permian Basin's largest operator described ongoing industry headwinds despite "good times."
News
November 02, 2022
(WO) — ADNOC Drilling Company PJSC has confirmed the award of a five-year framework agreement valued at up to $1.6 billion for integrated drilling fluids services (IDFS) to support the expansion of ADNOC’s lower-cost and lower-carbon intensive production capacity, as it continues to respond to growing global demand for energy.
News
July 25, 2022
Neptune Energy announced the safe and successful drilling of four development wells on the operated Fenja field in the Norwegian Sea, in preparation for production start-up, the company said on July 25.
