Drilling
News
January 11, 2021
The agreement will see Toolserv AS exclusively managing supply, sales and rental of Paradigm Drilling products and services in the country with the outlook to expand to other countries as business and demand grows.
News
January 06, 2021
The decision is a victory for the administration, which has been racing to issue oil leases in the refuge’s coastal plain before the Jan. 20 inauguration of President-elect Joe Biden.
News
December 30, 2020
The number of rigs drilling for oil in the U.S. closed out 2020 at 267, according to Baker Hughes Co. data released December 30th. It’s the lowest end-of-year figure since 2005, when drilling and fracking breakthroughs perfected in natural gas regions like North Texas’s Barnett shale were just beginning to be deployed.
News
December 25, 2020
World Oil editors discuss The North Face doubling down on its principled stand against well-paying American jobs, Russia wants to see OPEC+ production rise in February, and U.S. land regulators shrink Alaskan oil lease acreage.
News
December 22, 2020
The Nordic government beat back a lawsuit by environmental groups in the country’s Supreme Court, which ruled on Tuesday the authorities had acted lawfully by awarding exploration licenses in the Barents Sea to companies including Equinor ASA, Aker BP ASA and Lundin Petroleum AB.
News
December 16, 2020
On Dec. 14th, the groups filed requests with an Anchorage judge for a preliminary injunction to prevent the Interior Department’s planned Jan. 6 auction of oil and gas leases across the refuge’s 1.56-million-acre coastal plain.
News
December 15, 2020
Home to the Bakken shale formation, North Dakota won’t see any sustained growth in production sooner than the second half of 2022, Lynn Helms, director of the state’s Department of Mineral Resources, said.
News
December 04, 2020
Total has been selling assets to curb debt as plunging oil and gas prices sap earnings, including oil field assets in Brunei and the UK, as well as a stake in a renewables subsidiary in France.
News
December 03, 2020
A formal “notice of sale” is set to be published in the Federal Register on Dec. 7. The move is in keeping with a congressional mandate to hold two auctions of oil and gas leases in the refuge’s coastal plain by Dec. 22, 2024.
Webcast
Drilling Innovations & Technology Forum: Fall 2020
October 14, 2020
Schlumberger, Volant, Actenum
During this 60-minute live webcast, we will discuss the following topics: 1) “Allegro Casing and Liner While Drilling Services”, with presenter, Hesham Darwish, Drilling Tools Business Development Manager, Schlumberger. 2) “Reducing Costs, Improving Efficiency and Eliminating Invisible Lost Time in the Tubular Running Process”, with presenter, Brad Kwasnycia, Director, Sales and Marketing, Volant. 3) “Clearing Up the DUCs: Evaluating Schedule Scenarios for Intensive Completion Activity”, with presenter, Owen Plowman, Vice President, Actenum Corporation.
Webcast
Abaco Power Sections - How our Technology is Changing Drilling Optimization
July 16, 2020
Abaco Drilling
This webinar will feature field data and case studies from the Permian and Eagle Ford about Abaco’s latest engineering innovation; single direction stators with deviated profiles. These new stator profiles address performance drilling stresses on the power section lower end with a variable fit which reduces friction and overheating. This results in greater power section reliability and a reduction in field failure rates in all drilling applications.
The case studies will present common issues and challenges seen in stator technology today including stall and thermal damage and the way that Abaco’s OPTIFIT Technology specifically addresses these challenges.
Webcast
Drilling Innovations & Technology Forum: Summer 2020
June 24, 2020
Schlumberger, Enventure
During this 60-minute live webcast, we will discuss the following topics: 1) “Blade Family – 3DC Cutter Technology”, with presenter, Wiley Long, Product Champion, Schlumberger. 2) “The Same Drift Monodiameter Clad/Liner System in Solving Drilling and Well Infrastructure Challenges”, with presenter, Matthew Godfrey, Lead Project Engineer, Enventure Global Technology.
News
January 09, 2020
Occidental Petroleum began sweeping job cuts at multiple U.S. locations this week, including what a representative called voluntary reductions and outright layoffs, as the company seeks to reduce debt.
News
January 02, 2020
A drive to drill new wells at 20 “priority” fields in Mexico largely using smaller, local service providers is faltering, with Pemex expected to re-bid some of the work in the year ahead.
News
December 23, 2019
The slowdown in Permian Basin oil drilling and fracking is spreading to the lenders as austerity takes hold.
News
December 13, 2019
"Base decline is the volume that oil and gas producers need to add from new wells just to stay where they are—it is the speed of the treadmill,” said Raoul LeBlanc, vice president of unconventional oil and gas at IHS Markit.
News
December 06, 2019
A Denver-based company that installs data centers at shale drilling sites to take advantage of excess natural gas supplies says it now has eight operations across the U.S. and plans another 30 in the first half of next year.
News
November 26, 2019
Specialist well construction and intervention company Coretrax has acquired Churchill Drilling Tools as part of an ongoing growth and expansion strategy.
News
November 22, 2019
The tests, verified by Lloyds Register, exceed conventional API 6A temperature class ranges of ‘K’ (-75 to +180°F) and ‘X’ (0 to 350°F), and Plexus engineers believe no other wellhead sealing system can perform under the same conditions in a single test run.
News
November 20, 2019
California intensified its battle against fossil fuels by seeking independent reviews of all pending hydraulic fracturing permits and halting approvals of a key production technique in an area that has pumped crude for more than a century.
News
November 18, 2019
Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe.
