Drilling
News
June 15, 2022
Billionaire Harold Hamm is poised to throw off the shackles of shareholder discipline so that Continental Resources Inc. can maximize windfall profits.
News
June 10, 2022
The owners of Laredo Energy VI LP, a gas driller focused in the Eagle Ford Shale in South Texas, are considering a sale of the company worth up to $1 billion, according to people with knowledge of the situation.
News
June 09, 2022
The U.K. has given permission for new drilling in the countryside south of London to establish the size of a natural gas field, as the government seeks to boost domestic energy production due to price volatility amid Russia’s war in Ukraine.
News
June 01, 2022
KCA Deutag announced it has signed a Sale and Purchase Agreement to acquire Saipem SpA’s onshore drilling business for a total consideration payable at closing of $550 million in cash and 10% equity interest in the group.
News
May 31, 2022
Petrofac, a global energy industry services provider, has been selected by i3 Energy to provide well engineering, well operations and well operator services for its UK North Sea license areas.
News
May 30, 2022
ADNOC Drilling Company announced it has signed a sale and purchase agreement to acquire an additional two premium offshore jack-up drilling units.
News
May 26, 2022
Latest analysis from Westwood Global Energy Group reveals that, in spite of challenges due to COVID-19 and the accelerating energy transition, high impact oil and gas exploration drilling in 2021 maintained its momentum.
News
May 25, 2022
Petrodel Resources Ltd., oil and gas reserves development and energy company, has announced its intention to revive its operations in Tanzania.
News
May 18, 2022
The recovery of the shale patch workforce is still years in the making despite the frothy profits that rallying crude prices are generating for U.S. oil companies and their contractors.
News
May 11, 2022
Weekly U.S. crude oil production declined for the first time in three months, signaling that soaring costs across the oil fields may be preventing drillers from expanding output.
News
May 10, 2022
Noble Corp. and Maersk Drilling offered to divest some of its offshore operation platforms to avoid an in-depth investigation from the U.K.’s antitrust regulator over the $2.6 billion deal, potentially smoothing the way for approval.
News
May 05, 2022
Inflation in the oil sector is worsening and industry executives see no reason to expect cost pressures on everything from steel pipe to frac sand to ease any time soon.
News
May 04, 2022
Devon Energy Corp., one of the biggest oil explorers in the Permian Basin, is getting into the sand business to combat rising costs.
News
May 03, 2022
Shale drillers Diamondback Energy, Devon Energy and Coterra Energy are boosting dividends while keeping oil output flat despite pleas from President Joe Biden to increase supplies and help take some the edge off of inflation.
News
May 02, 2022
A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.
News
April 29, 2022
After driving up prices for everything from steel pipes to frac sand to labor, inflation has finally ensnared the centerpiece of oilfield equipment: the drilling rig.
News
April 29, 2022
The reimagined, field proven Simplified Frac Iron System transforms the typically disjointed process inherent with conventional ground iron.
News
April 29, 2022
Galp Energia SGPS SA is considering a sale of its upstream operations in Angola, as Portugal’s biggest oil company seeks to streamline its hydrocarbon portfolio, according to people familiar with the matter.
News
April 28, 2022
Continental Resources Inc., Hess Corp. and Matador Resources Co. signaled plans to raise production from U.S. shale basins, a potential harbinger of things to come as Big Oil prepares to report results later this week.
News
April 28, 2022
Whitecap Resources Inc., a Canadian conventional and shale driller, plans to increase natural gas activity in the second half of the year to capitalize on a surge in prices, Chief Executive Officer Grant Fagerheim said.
News
April 25, 2022
Halliburton, which controls more fracing capacity than any other company, predicted North American explorers will boost spending by 35% this year, up from a pre-war forecast of 25%.
