Drilling
News
October 11, 2021
Oil prices around $80 a barrel are once again spurring a revival of shale drilling in America’s biggest oil field, where production is expected to return to pre-pandemic highs within weeks.
News
October 07, 2021
Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc.
News
October 07, 2021
The UK won a challenge over its decision to grant BP Plc a North Sea oil permit as judges pointed to the need for the country to have diverse sources of fuel as the current energy crisis drives prices for power ever higher.
News
October 06, 2021
U.S. shale oil production will expand at a “modest rate” over the next 18 months even as prices touch multiyear highs, leaving OPEC in a powerful position as the world cries out for more barrels.
News
September 30, 2021
Schlumberger and AVEVA announced an agreement to integrate edge, AI and cloud digital solutions to help operators optimize oil and gas production.
News
September 29, 2021
America’s oil producers are boosting output at a slower place as record costs hammer the shale patch, according to a survey of industry executives.
News
September 24, 2021
Interior Secretary Deb Haaland suggested a sharply limited role for fossil fuel extraction on U.S. federal lands and waters in her most expansive comments yet on the administration’s overhaul of oil and gas leasing.
News
September 21, 2021
Aquaterra Energy has signed a partnership with renewable hydrogen producer and supplier Lhyfe and offshore drilling contractor Borr Drilling to develop an innovative concept for offshore green hydrogen production in the North Sea.
News
September 20, 2021
ConocoPhillips agreed to acquire Royal Dutch Shell Plc’s Permian Basin assets for $9.5 billion in cash, accelerating the consolidation of the largest U.S. oil patch.
News
September 20, 2021
The collaboration agreement creates a new offering for customers by combining LYTT’s fiber optic data analytics and cloud-based software with Baker Hughes’ completions and well intervention hardware and service expertise.
News
September 16, 2021
The Energy Workforce & Technology Council elected new officers and industry leaders during its Annual Meeting, held in Santa Ana Pueblo, NM.
News
September 16, 2021
Halliburton will collaborate with Energean to economically and safely deliver exploration, appraisal, and development wells offshore Israel.
News
September 13, 2021
“This bill is fundamentally at odds with the president’s commitment to repeal fossil fuel subsidies,” said Erich Pica, president of Friends of the Earth. “This is a failure of climate leadership that will not soon be forgotten.”
News
September 13, 2021
Abu Dhabi National Oil Co. is seeking to raise about $750 million from its drilling unit’s IPO, in what would rank among one of the largest share sales in the United Arab Emirates.
News
September 10, 2021
“These discoveries are part of an extensive well program in the Stabroek Block utilizing six drillships to test play extensions and new concepts, evaluate existing discoveries and complete development wells for the Liza Phase 2 and Payara projects,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil.
News
September 08, 2021
The decline in DUCs in most major U.S. onshore oil-producing regions, especially in the Permian region, reflects more well completions and, at the same time, less new well drilling activity.
News
September 08, 2021
ADNOC Drilling will acquire eight FlexRig land rigs from H&P for $86.5 million, after which H&P will make a $100 million cornerstone investment into ADNOC Drilling’s recently announced initial public offering.
News
September 03, 2021
According to figures released September 3rd by the Railroad Commission of Texas, the state’s drilling permits issued fell to their lowest level since May, while new drills hit their highest total since March.
News
September 03, 2021
Legislation to block oil drilling in most U.S. waters and Alaska’s Arctic National Wildlife Refuge edged closer to passage Thursday, as the House Natural Resources Committee rejected more than a dozen changes sought by Republicans.
News
September 02, 2021
While a recovery is anticipated year-on-year through 2025, it is expected to be gradual and characterized by operator caution as they navigate several important considerations - pace of global demand recovery, the energy transition, and geopolitics.
News
September 01, 2021
Greenpeace asked judges in Scotland’s Court of Session to overturn the government’s decision to grant BP a permit to drill for 30 million barrels of oil in the North Sea.
