Drilling ///

China's oil giants buoyed by higher prices as output stagnates

Oil’s recovery is helping ease the pain of shrinking output by China’s biggest energy producers.

XACT Downhole Telemetry helps operator transmit real-time downhole data from 31,000 ft

XACT Downhole Telemetry, in conjunction with a major operator in the Gulf of Mexico, recently completed a multi-run completion deployment with real-time data coverage from a record-breaking depth of over 30,000 ft onsite in the Gulf of Mexico.

World's top two shipyards signal more orders as earnings improve

The world’s two biggest shipbuilders reported profit and issued an improved outlook, indicating South Korea’s shipyards may finally be emerging from two years of restructuring.

Dresser-Rand to supply compressor trains for BP project in the Gulf of Mexico

The Dresser-Rand business, part of Siemens Power and Gas Division, received an order from BP to provide rotating equipment for the Mad Dog 2 project in the deepwater Gulf of Mexico.

Nabors' U.S. lower 48 rig count increases by 29% for second straight quarter

The 93 rigs working for the company in the lower 48 represent a 166% increase since its low point in May 2016.

Trump orders review of 1906 monument law to help oil, mining

President Donald Trump ordered a review of as many as 40 large national monuments that have been declared over the past two decades, beginning a process that could lead to the repeal of protections for those lands and new opportunities for oil and mining companies.

Rockhopper Exploration commences Abu Sennan drilling campaign in Egypt

Rockhopper Exploration, the oil and gas company with key interests in the North Falkland basin and the Greater Mediterranean region, has announced the commencement of the 2017 drilling campaign on the Abu Sennan Concession in Egypt, in which the Company has a 22% working interest.

Trump said to order oil drilling study off California coast

President Donald Trump will open the door to new oil and natural gas drilling in Pacific waters off the coast of California with a directive Friday that sets up a certain clash with environmentalists.

Samaraneftegaz launches 3D seismic exploration works in new blocks

Samaraneftegaz, a Rosneft subsidiary, started 3D seismic exploration works in six blocks acquired in 2016. Drilling sites for prospecting and exploratory wells will be defined based on the results of these works.

Gazprom Neft drills first multi-hole "fishbone" well on Russian Arctic Shelf

The first-ever, multi-hole “fishbone” well involving multiple horizontal branches has been drilled and commissioned at the Prirazlomnaya offshore rig — the only project on the Russian Arctic shelf at which commercial oil production is currently ongoing.

Lukoil drills first 1,000 m of exploration well 1P at Taymyr

LUKOIL has drilled 1,000 m of its first exploration well on the Vostochno-Taymyrsky license block. About 374 m of core samples from eight formations will be collected and analyzed during drilling.

Argentina's push to mimic Permian success faces long road ahead

Argentina’s Vaca Muerta, one of the largest shale formations outside of North America, offers tons of promise for the country’s energy future. Just don’t hold your breath waiting for it.

Alberta's McCuaig-Boyd sees glass half-full in oil-sands deals

The $20 billion of oil-sands assets that Canadian producers bought from foreign companies in a recent spate of deals shows they’re doubling down on their operations and the region’s resources, Alberta Energy Minister Marg McCuaig-Boyd said.

New ABS guidance addresses dropped objects

ABS, provider of classification and technical services to the offshore industry, has provided a systematic approach to dropped object management and prevention.

Lundin Norway completes drilling of Edvard Grieg appraisal well

Lundin Norway AS, operator of production licence 338, has completed the drilling of appraisal well 16/1-27 at Edvard Grieg field in the central part of the North Sea.

Exxon won't get drilling waiver for Russia, Treasury Chief says

Exxon Mobil Corp. won’t be allowed to bypass U.S. sanctions against Russia to resume drilling for oil in a joint venture that seeks to tap billions of barrels of that country’s crude.

Schlumberger, Baker Hughes awarded key contracts for Cambay core analysis in India

Oilex Ltd. has announced the award of two key contracts to Schlumberger and Baker Hughes as part of its 2017 work program at the Cambay PSC in India. Schlumberger and Baker Hughes will advise on the optimal well and stimulation design required to achieve potential commercial flowrates.

Patterson-UTI Energy completes merger with Seventy Seven Energy

Patterson-UTI Energy announced today that it has closed its merger with Seventy Seven Energy Inc. stockholders of Seventy Seven Energy are entitled to receive 1.7851 shares of newly issued Patterson-UTI common stock in exchange for each share of Seventy Seven Energy.

BP Gulf oil spill damage valued at $17.2 billion in new study

BP Plc’s 2010 Gulf of Mexico oil spill caused damage to beaches, animals, fish, and coral that the public values at $17.2 billion, according to a financial accounting released on the seventh anniversary of the disaster.

Trendsetter Engineering, Add Energy awarded contract for high-flow dynamic kill operations

Trendsetter Engineering and Add Energy have combined expertise to provide market leading engineering and hardware support services to the industry’s most challenging problems in a nimble and responsive environment.