Drilling
News
February 13, 2023
Borr Drilling Limited has been awarded a new contract and two extensions for its premium jack-up drilling rigs “Ran”, “Gerd” and “Natt”. These awards increase the company’s firm backlog by approximately 625 days.
News
February 13, 2023
ADNOC Drilling’s revenue for the year increased to $2.67 billion, up a robust 18% compared to 2021. Year-on-year revenue growth was led by the Onshore and Oilfield Services (OFS) segments, while all segments achieved positive year-on-year performance as the company enables ADNOC’s accelerated production capacity target of 5 MMbpd by 2027.
News
February 06, 2023
Rao’s proposed pilot project recently received a grant from LSU’s LIFT2 program, which moves innovative concepts closer to commercialization. His LIFT2 project would initially convert orphan wells to carbon-neutral production wells through GAGD-process adaptation.
News
February 06, 2023
The transaction will incorporate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions.
News
February 02, 2023
U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more.
News
February 02, 2023
The Biden administration telegraphed it could support a scaled-back drilling plan at ConocoPhillips’s proposed Willow project in northwest Alaska, even as it cited “substantial concerns” with the oil development and warned of further restrictions to limit its impact on wildlife and the climate.
News
January 27, 2023
Rice University’s Mark Finley, Transocean’s Jeremy Thigpen, U.S. Congressman Wesley Hunt and World Oil’s Kurt Abraham took the stage to share one common theme: oil and gas isn’t going anywhere.
News
January 25, 2023
Uganda’s ministry of energy and mines representative said that drilling commencement at the Kingfisher field is a “significant stride” in the country’s efforts to produce commercial oil.
News
January 24, 2023
This is an important step for Germany's energy sector, as the Adorf field provides enough gas to heat “more than 100,000 households,” according to Neptune Energy’s Managing Director Andreas Scheck.
News
January 20, 2023
The delay is costing Petrobras a fortune of about $1 million a day for the rig, three helicopters, support boats and workers, according to calculations by consultancy Wood Mackenzie Ltd.
News
January 20, 2023
The award covers two wells campaigns with an estimated duration of 200 days on a dry-hole case and up to 460 days on a success case.
News
January 12, 2023
Public drillers added 18 rigs during the final three months of 2022, while their private rivals idled 11. Overall, the fleet of rigs operating in the contiguous U.S. expanded by three from the end of September to Dec. 31.
News
January 10, 2023
Trillion Energy has identified several additional opportunities to increase production at the SASB gas field during 2023 by adding three side-track wells to its development program. The total number of wells now contemplated in the SASB development program has increased from 17 to 20.
News
January 10, 2023
Apex acquired all of IEOC’s interests in the Ras Qattara, West El Razzak and East Kanayis concessions. Apex will acquire the West Abu Gharadig concession following an extension and will become the operator of each through Farah Petroleum Company.
News
January 09, 2023
The first production well, DHIBM-3H, targets the Gamba sandstone reservoir on the Hibiscus field and is expected to take just over two months to drill and complete.
News
January 06, 2023
Labor shortages in the oilfield have been one of the biggest hurdles holding back production growth. The overall number of workers employed in U.S. oil and gas jobs totaled 136,100 in December, down 3.1% from last year’s peak in July.
News
January 06, 2023
The EPA has considered labeling parts of the region as violating federal air quality standards for ozone. However, the Biden administration omitted the policy from an agenda of planned regulations and instead deemed the measure “inactive."
News
January 05, 2023
Precision continues to experience strong customer demand for drilling services, Alpha™ technologies and EverGreen™ environmental solutions. It expects its Canadian and U.S. fourth-quarter field margins to exceed previous guidance and continue upward in 2023.
News
January 05, 2023
Transocean announced contract awards or extensions for five of its drilling rigs on Jan. 4. Together, the fixtures represent approximately $488 million of firm backlog.
News
January 04, 2023
Houston-based TG Natural Resources, which is majority-owned by Tokyo Gas, is discussing purchasing Rockcliff from private equity firm Quantum Energy Partners. An all-cash deal could be announced as soon as this month, though it’s possible that terms change or talks collapse.
News
January 02, 2023
Barnwell has acquired a non-operated working interest in a two-well pad consisting of 10,000’ laterals targeting the Wolfcamp Formation in Loving and Ward Counties, Texas. Initial production is expected in Barnwell's second fiscal quarter.
