Drilling ///

Echo Energy reports oil to surface at second workover in Argentina

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced the successful and safe completion of the second workover of the three-well workover campaign at the Company's Fracción D asset, onshore Argentina.

Canyon Creek Energy announces new drilling program in Arkoma STACK play

Canyon Creek Energy announced that it has entered into an agreement with Pivotal Petroleum to jointly fund the development of wells in Oklahoma's STACK play.

SDX Energy announces gas discovery at LNB-1 well, Morocco

SDX Energy announced that a conventional natural gas discovery has been made at its LNB-1 exploration well in Morocco.

BP and Reliance sanction second phase of deepwater gas development, India

BP and Reliance Industries announced the sanctioning of the “Satellite cluster” project in Block KG D6, offshore India.

Schlumberger quarterly profits surge on activity gains, higher oil prices

Schlumberger reported an 88% increase in quarterly profit as rising crude oil prices encouraged North American operators to ramp up drilling.

Frontera reports commercial hydrocarbon shows at Georgian well

Frontera Resources set casing based on commercial hydrocarbon shows at its Dino-2 well in the Republic of Georgia, eastern Europe.

Halliburton launches automated continuous circulation system

Halliburton released the e-cd Plus system – a new technology that automates and enhances continuous circulation connections during drilling and tripping operations.

Eni approves development plan for Merakes discovery, offshore Indonesia

Eni announced the approval of a development plan for the Merakes field, offshore East Kalimantan, Indonesia.

Upward trend of natural gas production could benefit consumers, manufacturers

Natural gas production in the U.S. is projected to break the domestic record in 2018, and again in 2019, according to the EIA.

ConocoPhillips announces results of 2018 winter exploration program in Alaska

ConocoPhillips announced it has concluded its 2018 winter exploration and appraisal program in Alaska.

For Pemex, an $84.5 billion question in leftist Lopez Obrador

Five years after a landmark overhaul of energy laws stripped Mexico’s state oil-and-gas producer of its monopoly, few investors are eager for it to be restored.

Echo Energy announces gas to surface at Fracción D asset, onshore Argentina

Echo Energy plc, the Latin American focused upstream oil and gas company, has announced gas to surface on the first well of a three-well workover campaign at the Company's Fracción D asset, onshore Argentina.

New Zealand draws "line in the sand" with exploration ban

New Zealand will stop granting offshore oil and gas exploration permits, saying it is committed to playing its part in tackling climate change.

Investing in predictive analytics derives true value

Philippe Herve, Spark Cognition

As the oil and gas (O&G) industry emerges from the recent downtown, executives are looking for innovative ways to promote growth.

Digitization and data analytics will impact upstream operations favorably

Jay Stieneker, North Highland

On June 13, 2014, the cost of a barrel of West Texas Intermediate stood at $107.49. That year, budgeted, worldwide capital expenditures in the oil and gas industry would approach a record $520 billion. The future looked bright.

Shaletech: Permian Basin

Jim Redden, Contributing Editor

Soaring drilling, production block out irritants

Technical advances solve a variety of offshore problems

As was the case last year, nearly all of this group of new technologies and next-generation improvements on existing products remains split between drilling and production applications.

OTC Spotlight on New Technology Awards: Offshore industry innovates despite muted activity

Offshore investments may still be slow to accelerate, but that hasn’t stopped companies from ramping up R&D efforts to create a safer, more efficient and more productive offshore industry.

Ulterra introduces PDC bit design that evacuates cuttings 200% faster

Ulterra Drilling Technologies has introduced its latest advancement in PDC bit engineering. The patent-pending SplitBlade breakthrough design improves cuttings evacuation as much as 200% faster than conventional PDC bits.

U.S. oil debt eases as drillers target next shale play

U.S. oil and gas producers expect their borrowing ability to increase over the next few months, leaving them open to invest in new shale assets, particularly the Eagle Ford in Texas.