Drilling
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%.
News
April 22, 2022
The world’s biggest oilfield-services provider said its suspension of future investment in Russia, a market that has represented about 5% of its total sales, means it can shift its own spending to other parts of the world.
News
April 20, 2022
Environmentalists are calling on the Biden administration to crack down on methane leaks from low-producing U.S. oil wells, after new research shows they are releasing a disproportionate share of the potent greenhouse gas.
News
April 19, 2022
Spears & Associates Managing Director Richard Spears’ talk, titled, How extreme financial discipline impacts drilling activity in 2022 and 2023, outlined what has caused oil companies to display uncharacteristic financial restraint, despite surging oil prices.
News
April 19, 2022
Halliburton Co. said North American oil and natural gas drillers will lift spending by 35% this year, an increase from the biggest fracer’s pre-Russian war forecast.
News
April 19, 2022
Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half a decade.
News
April 18, 2022
Petro-Victory Energy Corp. secured 19 new oil and gas blocks in the company's core operating area, the Potiguar Basin onshore Brazil, the company announced.
News
April 18, 2022
Iraq’s cabinet may reactivate a deal with Halliburton Co. to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.
News
April 15, 2022
Biden’s administration is dramatically curtailing U.S. public land available for new oil and gas development as it seeks to impose more environmental protections and financial limitations on the activity.
News
April 13, 2022
Drilling permits for new wells have spiked to unprecedented levels in the Permian Basin, signaling crude oil suppliers in America are finally responding to higher prices.
News
April 12, 2022
U.S. crude output will grow at a more diminished pace than previously expected as shale producers grapple with higher production and labor costs amid rampant inflation.
News
April 12, 2022
Some of the worst fire conditions in a decade are going to sweep across Texas and the southern Great Plains, threatening key shale-oil fields, slaughterhouses and farms.
News
April 11, 2022
Longboat Energy, an emerging full-cycle North Sea E&P company, announced the commencement of drilling operations on the Cambozola exploration well in Norway.
News
April 06, 2022
Executives at some of the world’s biggest oil companies will tell a U.S. congressional hearing on high gasoline prices that they need the government’s help in securing more drilling permits to help lower consumers’ costs.
News
April 05, 2022
To drill more wells, they need steel tubes to line the inside of the holes and get the crude out. Those pipes have become more expensive and scarce.
News
April 04, 2022
Maersk Drilling has been awarded contracts with Shell for the provision of the 7th generation drillship Maersk Voyager for drilling services offshore multiple countries.
News
April 01, 2022
Canada’s natural gas producers will face the greatest burden among energy companies under Prime Minister Justin Trudeau’s new emissions-reduction plan, just as the industry faces renewed pressure to increase output.
News
April 01, 2022
Australia's Santos Ltd. is locked in a dispute with ConocoPhillips over road access in Alaska, potentially holding up a $3 billion oil project, according to letters from both companies to the U.S. state's government.
News
March 31, 2022
There’s been a rush of investors to fuel Bitcoin mines with gas that would otherwise be burned off or vented into the atmosphere in oil-producing fields.
News
March 30, 2022
A controversial U.K. oil project won a license extension, keeping open the possibility of development even after Shell Plc retreated amid a backlash from climate protesters.
News
March 28, 2022
Canada’s oil sands would play the biggest role in the government’s pledge to boost crude and natural gas exports by 300,000 barrels a day this year to compensate for Russian supplies.
