Ithaca Energy Inc. has entered into an agreement to sell its wholly owned subsidiary, Ithaca Petroleum Norge, for an initial consideration of $60 million.
The U. S. Geological Survey (USGS) has released a report that outlines a preliminary set of models to forecast how hazardous ground shaking could be in the areas where sharp increases in seismicity have been recorded.
Think the U.S. is awash in crude now? Thank the fracklog that it’s not worse.
Estimated total U.S. oil and natural gas well completions decreased by 8% in the first quarter of 2015 compared to year-ago levels, according to API's 2015 Quarterly Well Completion Report, First Quarter.
STAVANGER, Norway -- Det norske oljeselskap AS, operator of production licence 001 B, has completed the drilling of appraisal wells 16/1-21 S and 16/1-21 A on Ivar Aasen field, the Norwegian Petroleum Directorate reports.
Aker Solutions and Fjords Processing have formed an alliance to develop technology and capabilities for advanced, cost-effective wellstream separation and treatment solutions for the subsea and topside oil and gas industry.
The profitability of some U.S. shale wells at current prices will almost double as cost cutting and technology turns them into cash gushers despite oil’s crash.
HOUSTON -- Paradigm has announced that Eco-Engineering Solutions, an independent, Houston-based provider of consulting and outsourcing services for drilling engineering and well operations, has adopted Sysdrill, the Paradigm well planning and drilling engineering software solution, for the delivery of drilling support services to its customers.
Faced with continued market uncertainty due to falling oil prices in late 2014, U.S. oil producers operating in shale plays, such as the Eagle Ford in south Texas, have built a large inventory of nearly 1,400 drilled but uncompleted wells that are now driving the investment focus for many operators.
Terves Inc. announced that more than 500 of its second-generation TervAlloy engineered disintegrating frac balls have been successfully deployed in horizontal frac completions in North America since their introduction in late 2014.
The crude oil contango market in the U.S. has created a massive incentive to store oil and, while traditional storage hubs reach record high levels, Genscape analysts have identified a trend for operators to look to their own wells as an avenue to store oil until commodity market conditions improve.
As operators began to set their sights on the huge reserves in the Gulf of Mexico’s Lower Tertiary and other ultra-deepwater plays, the disparity between today’s “conventional” deepwater completions technology and what is needed for tomorrow’s wells became increasingly pronounced.
At OTC 2015, FMC Technologies will showcase its latest light well intervention stack and both hardware and software systems to help operators monitor their field operations in real time and ensure the integrity of subsea production systems.
John Quirein, PhD: From outer space to deep rock
PITTSBURGH, Pennsylvania -- CONSOL Energy has announced the certification of its operational practices in the Appalachian basin by the Center for Sustainable Shale Development (CSSD).
Saipem has entered into a JV with Dangote Group to create a new company named Saipem Dangote E&C.
Caterpillar Oil & Gas has made an equity investment in GTUIT, a manufacturer of mobile gas treatment systems.
CONSOL Energy and Halliburton have announced the deployment of the first frac spread that is fully compliant with EPA’s 2015 Tier 4F emissions standard for non-road, high-horsepower engines.
Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million. Together with the recently completed divestments of OML 24 and OML 18, Total’s share of sale proceeds from these three onshore Nigerian blocks amounts to over $1 billion.
Schlumberger has announced the release of the ACTive OptiFIRE coiled tubing (CT) real-time selective perforating and activation system that enables perforating with CT fiber-optic real-time telemetry.