Maersk Oil has started drilling the first production well on the UK's Culzean field.
The biggest reboot of U.S. oil and gas rigs in two years will gain traction as higher prices prompt producers to resume investment in the most profitable plays, according to a report by Platts RigData.
Y&V Group, the only Venezuelan contractor selected to participate in a multi-billion-dollar drilling project in the country’s Orinoco belt, is relying on an alliance with Baker Hughes to start drilling more than 200 wells.
North Atlantic Drilling Limited has received a notice of cancellation from Statoil related to the contract for the West Epsilon.
Baker Hughes has announced the commercial release of its line of Kymera XTreme (XT) hybrid drill bits, designed to help oil and gas operators lower their well construction costs through faster and more durable drilling performance.
Canacol Energy has revised its capital plan for 2016. The new capital plan accelerates the corporation's natural gas opportunities in Colombia, with three new gas wells.
The biggest player in the Permian basin, America's most coveted oil field, thinks rig counts in the region are poised for explosive growth.
Saipem has been awarded new contracts and extensions to existing contracts in the onshore drilling segment in the Middle East and South America. The awards have an overall value of $430 million.
World Oil’s annual HPHT Drilling, Completions & Production Conference got underway this morning with keynote speaker Greg Kusinski, of Chevron ETC.
An operator in the Greater Permian Basin was looking to overcome limitations in drilling torque and improve penetration rates while drilling the interbedded Wolfcamp Formation using a water-base mud (WBM). The results demonstrated that the WBM was able to reduce torque and achieve ROP comparable to those delivered using an oil-base mud solution. The 8 1/2-in production interval was drilled in 3.5 days, and ROP increased by 16% compared with previous inhibitive WBM applications, thus setting higher drilling fluid standards for future wells.
The Norwegian Petroleum Directorate has granted Lundin Norway AS a drilling permit for well 7219/12-1, cf. Section 8 of the Resource Management Regulations.
Encana Corp., the Canadian oil and natural gas producer, plans to sell 107 million shares to fund part of its 2017 budget and repay debt.
Sound Energy, the European and African focused upstream company, has announced that the second Tendrara well has now been drilled to the third and final casing point at an MD of 2,623 m and that operations have started to set and cement the 7-in. liner in the TAGI-I shale formation.
In a project that established a new worldwide milestone in casing while drilling (CwD) operations, Frank’s International provided its FA-1 casing running tool (CRT), modified for 30-in. casing drilling and running, to Schlumberger for a 30-in. CwD shallow water project in the Bay of Campeche, Gulf of Mexico.
Mubadala Petroleum, Operator of the Manora Oil Development joint venture, has advised that drilling of the MNA-17 well, in the Northern Gulf of Thailand, has now been completed.
Offshore drilling contractors, grappling with the biggest industry downturn in a generation, say they finally have the bottom in sight. The problem is, they could be stuck there for a long time.
Traditional, calendar-based equipment maintenance can be costly and hinder productivity; however, servicing equipment, based on its actual usage and real-time data, can cut costs and help avoid lost productivity.
Proposals to develop a world-class barite resource at Duntanlich, Scotland, have been approved, subject to conditions, by the local authority.