November 24, 2023
Across the U.S., operators added four rigs in the five-day period from Nov. 18 to Nov. 22, according to the Baker Hughes Rotary Rig Count. It was the second week in a row that the total U.S. count increased, with the new total standing at 622.
November 24, 2023
On Nov. 15, Sinopec struck sizeable oil and gas flows in the Yuejin 3-3XC well of its Project Deep Earth NO.1 in the Tarim basin, with a daily oil and gas flow of 200 tonnes in liquids and 50,000 cmg.
November 20, 2023
(WO) — Ukraine's state-owned Naftogaz’s subsidiary Ukrgasvydobuvannya has uncovered a highly promising gas deposit in the Carpathians, previously believed to be exhausted, the company announced on Nov. 20.
November 19, 2023
Drillers in the U.S. shale patch are again trying to rebound from slumping activity, this time expanding the oil rig count by the widest margin in nine months.
November 13, 2023
Prospera’s current gross production are 1,100 boed, with 400 boed shut-in to accommodate development, and another 300 boed behind pipe on minor repairs and optimization.
November 09, 2023
The total includes 630 to drill new oil or gas wells, 7 to re-enter plugged wellbores and 50 for re-completions of existing wellbores.
October 30, 2023
The proposal for managing the National Petroleum Reserve-Alaska has alarmed oil industry advocates who say it would thwart development in a crude-rich region the size of Indiana.
Rig electrification drives down emissions, bolsters efficiency while improving onshore drilling economics
Onshore drilling rigs need consistent, reliable power to operate efficiently, but they no longer must rely on diesel generators. A mobile substation that allows a rig to tap into the electrical utility grid provides a straightforward way to reduce reliance on fuel-burning generators, without compromising operational efficiency or productivity.
October 23, 2023
Oil drillers have applied for 81 licenses to drill into the so-called Waseca formation so far this year, 30 more than in all of 2022. That’s the biggest increase in any oil and gas formation in the province this year, according to regulatory data.
October 16, 2023
The A3H well was drilled, cased and cemented to a total measured depth (“TD”) of 3,837 m, including a horizontal section of 1,100 m in the Amungee Member B-shale.
October 13, 2023
Pure-play shale drillers will be acquired by larger companies within the next five years amid intensifying financial pressures and demand for drilling targets, Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield said just hours after announcing the $60 billion sale of his company to Exxon Mobil Corp.
Exxon’s historic purchase of shale driller Pioneer to usher in new era of oil mergers in Permian basin
October 12, 2023
The shale sector is a hotbed of consolidation talk as oil companies compete for the best drilling portfolios in the Permian basin, North America’s biggest source of crude.
October 11, 2023
ExxonMobil officials, including Senior V.P. Neil Chapman, held a media briefing on Wednesday morning (Oct. 11), to further articulate it's acquisition of Pioneer Natural Resources. World Oil sat in on that discussion, which included the company’s drilling plans, shale outlook and midstream operations.
October 10, 2023
(WO) — Vitesse Energy has acquired additional oil and gas interests in the Williston basin of North Dakota, resulting in approximately $50 million of acquisition and related development capital expenditures, primarily in the third and fourth quarters of 2023., the company said on Oct. 9.
October 10, 2023
Kolibri Global Energy reported that its latest set of down-spaced wells in the Tishomingo field, Oklahoma, are yielding higher production rates compared to its earlier wells in the same area
October 09, 2023
Ozona CCS LLC has reached a definitive agreement with a private landowner to lease 5,722.79 contiguous acres of pore space in Loving County, Texas, for the purpose of drilling multiple commercial carbon dioxide (CO2) sequestration wells in the Permian basin.
October 06, 2023
The deal would be Exxon’s biggest acquisition since merging with Mobil Corp. in 1999, and would make the energy giant the top producer in the most prolific U.S. oil basin.
Practical Solutions to Decarbonizing Drilling Operations
November 08, 2023
Canrig Drilling Technologies
Tackling scope one emissions from oil and gas operations requires innovative, purpose-built technologies that are economic and scalable. By incorporating a combination of advanced technologies such as engine management, fuel enhancing additives, traditional highline power sources, and energy storage systems into drilling operations we can effectively reduce scope one emissions from operations. We will showcase our comprehensive portfolio of drilling technologies, designed to reduce carbon emissions and fuel costs across the globe, regardless of rig type.
September 28, 2023
TAG Oil Ltd. has commenced drilling the horizontal portion of the BED4-T100 ("T100") well in the Badr oil field ("BED-1") in the Western Desert of Egypt. TAG Oil successfully drilled the vertical pilot hole to a depth of 3,290 m.
September 27, 2023
In addition to expressing concerns regarding costs, executives continued to criticize President Joe Biden for his energy policy that many see as intended to run them out of business.