Onshore
News
October 01, 2024
Oilfield-service costs for U.S. shale drillers are expected to rebound in 2025, clawing back some of this year’s drop, as explorers expand the hunt for natural gas and extend sideways wells, according to industry consultant Enverus.
News
October 01, 2024
Output from the Organization of Petroleum Exporting Countries slumped by 480,000 bpd in September, according to a Bloomberg survey. Libyan production plunged by 38% after one of its rival governments halted exports in a fight for control of the central bank.
News
September 30, 2024
ADNOC Drilling Company announced today the creation of the Turnwell joint venture with SLB and PattersonUTI and the acceleration of its 144 unconventional oil and gas well program, following the successful and efficient delivery of the first wells in the campaign.
News
September 30, 2024
The JV will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions.
News
September 27, 2024
The Onshore Block 2, located within the Al Dhafra region of Abu Dhabi covering an area of over 7300 km2, is PETRONAS Abu Dhabi’s third concession, following the Unconventional Block 5 in 2024 and the Unconventional Block 1 in 2022.
News
September 19, 2024
The Octiv Auto Frac service combined with the ZEUS electric fracturing platform and the Sensori Fracture Monitoring Service is a fracturing solution that uses intelligent automation to optimize fracture operations and makes the digital frac site a reality.
News
September 17, 2024
The Midland, Texas-based company, which recently finalized its acquisition of Endeavor Energy, has also signed a nonbinding letter of intent with nuclear power developer Oklo Inc. to deploy small reactors for some of its future electricity needs.
News
September 11, 2024
The properties are located in the Central Basin Platform, Texas and New Mexico Shelf, and Northwest Shelf, and currently represent estimated net production of 21,000 boed, of which approximately 57% is oil.
News
September 10, 2024
C-5H will be operator Empire Energy’s longest drilled and stimulated horizontal shale well and will target a ~3,000 m horizontal section and ~60 fracture stimulation stages. C-5H will integrate the best completion practices from North American shale analogues and incorporate learnings from Carpentaria-2H and Carpentaria-3H.
News
September 09, 2024
The group led by Saudi Arabia and Russia delayed easing supply curbs last week, but now needs to pick which way it wants to go ahead of next year, given outlook for balances was “not great”, said Ben Luckock, global head of oil at Trafigura.
News
September 05, 2024
Following the completion of the interpretation of the CB23 seismic survey data and a review of prospectivity in the eastern Cabora Bassa basin, eight key prospects have been defined in the company’s Exclusive Prospecting Orders (EPOs) 1848 and 1849, totaling 2.9 Tcfg and 184 MMbbl condensate.
News
September 05, 2024
After constricting AI to mostly back-office tasks such as evaluating seismic surveys, while keeping drilling and hydraulic fracturing firmly in human hands, U.S. operators are increasingly adopting the emerging technology to boost more mainstream work.
News
September 04, 2024
The work was done within schedule and budget. The 2024 KTL-1 turnaround achieved a 23% improvement in execution efficiency compared to the previous turnaround at KTL-1 in 2019. The turnaround activities used industry-leading execution methodologies aimed at maintaining reliable base business performance.
News
August 30, 2024
Harris took pains to point out her support for the Inflation Reduction Act, which included provisions meant to encourage more oil and gas leasing on federal lands and waters. The law made the government’s award of wind and solar rights on federal lands contingent on the sale of more oil and gas leases.
News
August 29, 2024
EOG, Conocophillips, Occidental and Devon Energy filled in the remaining four of the top five drilling customer positions. Patterson-UTI, Nabors, Ensign Energy Services and Precision Drilling took places 2-5 as the top U.S. land drillers.
News
August 29, 2024
Drillers have extended the horizontal length of their wells since the pandemic to three miles or more to squeeze more output from their sites. The longer so-called laterals are often credited with helping explorers deliver surprise production growth of 1 MMbpd last year.
News
August 27, 2024
The package includes older wells in the Permian’s Central basin that produce small but stable amounts of oil, according to people familiar with the matter who declined to be named because sale negotiations are private.
News
August 26, 2024
After pumping less crude in the years leading up to the pandemic than top counties in neighboring Texas, New Mexico’s Lea County has been rapidly gaining ground. Production there has expanded faster than in any other U.S. county, last year becoming the first to ever produce more than 1 MMbpd, according to energy research firm Enverus.
News
August 23, 2024
Gran Tierra Energy has announced a $225 million acquisition of i3 Energy plc through a cash and share deal. The company aims to use this acquisition to enhance shareholder value, optimize capital allocation, and improve trading liquidity.
News
August 23, 2024
Haitian-American oil tycoon Emmanuel Fritz Paret, CEO of Paret Mining LLC, has acquired a 10,000-acre oil reserve in Bowling Green, Kentucky.
News
August 23, 2024
This move is part of bp’s broader strategy to cut emissions and enhance efficiency through advanced infrastructure, including the development of centralized processing facilities and innovative drilling technologies.
