Drilling

Despite having shale-gas deposits to rival those in Appalachia, Argentina's domestic gas production sector has suffered from years of underinvestment that has left it unable to meet domestic demand, never mind the needs of the export market.

KCA Deutag announced that it sold its land drilling business in Nigeria, including five drilling rigs, for $18 million to Nigeria-based Geoplex Drillteq Limited.

The Biden administration said it would resume plans for oil and gas drilling on federal lands after a federal appeals court granted a White House request to allow the administration to use a revamped metric for calculating the potential cost to society of greenhouse gas emissions.

The activist investor that forced a board shakeup at Exxon Mobil Corp. to accelerate a move to clean energy is calling on U.S. shale to produce more.

Demand for rigs is now higher than it’s been in years, and the Canadian summer drilling season is likely to start earlier than usual.

Schlumberger announced a major contract award by Saudi Aramco for integrated drilling and well construction services in a gas drilling project.

Schlumberger announced it has been awarded an extensive contract for drilling, completions and production services by TotalEnergies for its Tilenga onshore oil development in Uganda.

The world’s energy markets can’t rely on major growth in the Permian Basin U.S. shale patch to ease oil prices, according to Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub.

The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.

Inflation and brisk competition for the most-sophisticated drilling gear will hinder U.S. oil-supply expansion this year, according to shale giant EOG Resources Inc.

Chevron Corp. is looking to show it can lower methane emissions at five oil well sites in Texas and Colorado as part of an industry push into “responsibly sourced” gas.

Permits to drill for oil and gas on U.S. public land will be delayed after a federal judge ruled against the Biden administration’s estimates of the social costs of greenhouse gas emissions.

Even as crude prices hurtle toward $100 a barrel, U.S. oil output won’t be able to reach its pre-pandemic high until later next year as inflation and production logjams present obstacles to the industry’s recovery.

The timing couldn’t be worse for consumers, but the message from shale country is loud and clear: the independents won’t repeat the mistakes of the past by flooding the world with cheap oil.

API published an important first-edition document focused on improving the safety of onshore drilling and production operations.

Baker Hughes rig count released Friday shows the United States has added 22 rigs since last week, bringing its total count to 635. Compared to a record low of 244 in August 2020, the rig count is up 160%.

ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin.

Crude oil production from the prolific Permian basin of West Texas has topped estimates and may grow by an annual rate of 600,000 barrels a day for years to come.

Mud gas and cuttings analysis remains at today the only direct measurement of, respectively, the reservoir fluid and rock, until a PVT sample and a core are available for laboratory analysis. Surface logging data is an attractive solution for the client to take real-time decisions as they are available while drilling, on a continuous basis and at relatively low cost. Nowadays the accuracy and quality of the surface logging data has reached a level comparable to more sophisticated downhole tools thanks to the technological evolution, processes automation and innovative digital workflows. In this presentation we will describe how Artificial Intelligence and Machine Learning models and ground-breaking algorithms permit a more quantitative and objective approach to determine lithology classification, enhance the accuracy of the mud gas data even in extreme drilling conditions and enable predicting fluid properties while drilling.

Oil executives tempted by the prospect of the highest crude prices in seven years are showing all the signs of abandoning pledges to hold the line on drilling budgets, Citigroup Inc. said.

Output in the U.S. shale patch is “re-booming” this year, with research and data analysis firm Lium LLC forecasting production will surge by more than 1 million barrels a day.