Drilling
News
February 04, 2022
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.
News
February 02, 2022
The final investment decision taken on Lake Albert Resources Development Project is the second-largest FID taken in the oil and gas industry in the last two years, said an oil and gas analyst at GlobalData.
News
January 20, 2022
Chesapeake Energy Corp. is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas Inc. for about $2.4 billion including debt, Reuters reported, citing people familiar with the matter.
News
January 14, 2022
The Eagle Ford shale in South Texas, long overlooked compared to its larger cousin the Permian basin, saw its biggest one-week jump in drilling activity in more than two years as explorers look for growth beyond the world’s biggest shale patch.
News
January 12, 2022
U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output.
News
January 10, 2022
Canadian Overseas Petroleum Limited, an international oil and gas exploration, production and development company with operations focused in Wyoming, USA, announced a significant conventional light oil discovery at its Wyoming asset.
News
December 30, 2021
FireBird Energy has completed an acquisition of operated assets located in the Midland Basin from Chevron U.S.A. Inc. and Chevron Midcontinent, L.P. Leaseholdings included in the transaction total approximately 21,000 acres.
News
December 29, 2021
Oil drillers in the biggest U.S. fields are shouldering record costs at the same time that some banks are increasingly reluctant to loan money to the sector, according to the Federal Reserve Bank of Dallas.
News
December 27, 2021
The agreement formalizes a closer working partnership between the two businesses, following the formation of a strategic alliance in 2019 when Hunting and Jindal began cooperating to develop their presence in the rapid growth OCTG market in India.
News
December 21, 2021
Shell’s entry into this block signifies a further commitment to Oman, while enhancing and diversifying Shell’s gas supply.
News
December 20, 2021
ADNOC Drilling Company and Helmerich & Payne, Inc. jointly announced the finalization of the Rig Enablement Framework Agreement, streamlining ADNOC Drilling’s operations, reducing costs and building shareholder value.
News
December 16, 2021
Harold Hamm, who took Continental Resources Inc. public 14 years ago, says right now his closely held competitors can do what he simply can’t: increase oil production to meet rising demand.
News
December 10, 2021
Oil driller Hilcorp Energy Co. is lavishing $75,000 bonuses on employees as reward for reaching multi-year expansion and production goals.
News
December 07, 2021
Halliburton Co., the oil industry's largest frac services provider, warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crude’s plummet from $100 a barrel in 2014.
News
December 03, 2021
Oil producers in the Permian Basin must do more to disclose and stop the leak of methane, a powerful greenhouse gas, a House committee wrote in a letter to 10 major oil companies.
News
December 01, 2021
Shale drillers’ newfound commitment to production discipline appears to be paying off as crude plunges toward a bear market.
News
November 23, 2021
The pace of oil and gas drilling in Canada next year will exceed levels seen before the pandemic as producers ride the global energy rally, an industry group said.
News
November 19, 2021
Baker Hughes has been awarded two contracts from ADNOC this week for equipment and services across multiple upstream fields and projects in the United Arab Emirates.
News
November 08, 2021
Global drilling, engineering and technology provider KCA Deutag has been awarded contracts worth almost $185m from leading exploration and production companies across key markets in the Middle East region.
News
November 04, 2021
Southwestern Energy Company announced that it has entered into a definitive agreement with the third largest private Haynesville producer – GEP Haynesville, LLC under which it will acquire GEP for approximately $1.85 billion. The transaction is expected to close by year-end 2021, subject to customary closing conditions.
News
November 04, 2021
President Joe Biden should “back off” from domestic anti-oil policies if he wants to keep crude prices in check, according to one of America’s biggest shale drillers.
