Obama Administration officials and former leaders of U.S. Armed Forces expressed support for Arctic oil and gas development at an Atlantic Council event on Geopolitics, Security, and Energy in the Arctic, sponsored by the Arctic Energy Center, yesterday afternoon.
BP Trinidad and Tobago (bpTT) announced Wednesday that the Joe Douglas 240C jackup, which is owned and operated by Rowan Companies, has joined the bpTT rig fleet and has begun drilling at the bpTT Amherstia facility.
Statoil has decided to cancel its contract for the Stena Don semisubmersible, the Norwegian operator said Tuesday.
Arctic Iñupiat Offshore (AIO) has announced that it is joining the Arctic Coalition, a collection of 21 Alaskan and nationwide organizations that support responsible energy development in and off the coast of Alaska.
Successful Well Test in Bedout Basin Offshore Western Australia
GeoPark Limited has announced the successful drilling and testing of the Tigana 4 development well, at a rate over 3,200 bopd in the Tigana oil field in the Llanos 34 Block (GeoPark-operated, with a 45% working interest) in Colombia.
Don’t expect a major ramp-up of oil production in Oklahoma’s hot new shale plays any time soon, even as companies invest billions of dollars in the region, said Newfield Exploration Co.’s CEO.
Increased drilling by shale producers buoyed by higher prices will slow the decline in U.S. crude production, a government forecast showed.
RSP Permian Inc. agreed to pay $2.4 billion in cash and stock for Silver Hill Energy Partners amid increasing competition for drilling rights in the biggest U.S. oil field.
AGR has appointed Tore Øian to lead the company’s Well Management business in Norway.
“Go long” typical game plan, as key players consolidate holdings
The estimated number of oil wells drilled and completed in the third quarter of 2016 remained relatively unchanged from the previous quarter at 2,285, the American Petroleum Institute (API) said.
As the industry settles into a new normal, drill bit providers once again focus their R&D efforts on developing core technologies to further increase drilling efficiency, and drive down costs in demanding formations and difficult directional/lateral applications.
Advances in directional drilling, logging while drilling (LWD) and well placement technologies have helped offshore operators reach new production targets, enabling wellbores to be threaded through geologically complex reservoirs and located many thousands of meters from a production platform.
To get the maximum performance from new power sections, downhole motors require bearing assemblies that can reliably withstand ever-increasing torque loads.
New products and services
SIMMONS EDECO, a supplier of wellhead and valve maintenance, asset integrity solutions and onshore drilling services, has announced the launch of its Well Life Cycle & Well Integrity Awareness Program.
Statoil has received consent to drill four survey wells at Johan Sverdrup field, Petroleum Safety Authority (PSA) Norway said Monday.
Explorers added oil rigs in the U.S. for a sixth consecutive week after OPEC’s pledge to cut output livened up the crude market, allowing producers to lock in higher prices with hedge contracts.