High hopes, but results slim so far
Integrated geoscience project to shine light on Gabon South basin.
With rig contract cancellations, fleet retirements, and large-scale cost-cutting slicing through the offshore drilling market, new technology assumes an even more important role in safety, efficiency, capability and—ultimately—marketability. As utilization drops, advantage is often found in innovation—if not now, then certainly in the upturn that will arrive eventually.
Resilient play takes a licking, but keeps on pumping crude
Shale well refracturing activity will increase steadily, as companies optimize the process.