Drilling ///

GeoPark makes discovery in Llanos 34 Block, Colombia

GeoPark Limited, operator and consolidator with operations and growth platforms in Colombia, Chile, Brazil, Argentina, and Peru, has announced new drilling successes in the Llanos 34 Block (GeoPark operated with a 45% working interest), in Colombia.

Oil trades near $54 as Iran tension offsets U.S. shale drilling boom

Oil traded near $54/bbl as increased tension between Iran and the U.S. countered expectations of rising American production.

Weatherford and Nabors form alliance for integrated drilling solutions

Nabors Industries Ltd. and Weatherford International plc have announced that they have signed a non-binding Memorandum of Understanding (MOU) to form an alliance focused on delivering enhanced drilling solutions to the oil and gas land market in the lower 48 states of the U.S.

Federal Reserve economists expect an increase in Texas drilling this year

Chairman Christi Craddick met with leadership at the Federal Reserve Bank of Dallas (Dallas Fed) this week to discuss this year's outlook for the state's oil and gas industry. According to economists with the Dallas Fed, Texas oil and gas drilling activity will increase throughout this year.

Chevron extends contract for Blackford Dolphin semisubmersible

Dolphin Drilling Ltd, a subsidiary of Fred. Olsen Energy ASA, has agreed to an extension of its current contract with Chevron North Sea Ltd for the semisubmersible Blackford Dolphin.

Gazprom Neft completes pilot testing of Russia's first-ever PDC drill bit

Gazprom Neft has successfully completed pilot testing of Russia’s first-ever domestically produced polycrystalline diamond composite (PDC) drill bit, during pilot drilling at its Vyngapurovskoye field, Yamalo-Nenets Autonomous Okrug.

U.S. operators plan major drilling boost as industry shakes off downturn

HOUSTON -- The North American upstream industry is set to stage a comeback, according to new data presented by World Oil, the premier trade publication for the international upstream industry.

Oil trades near $53 as U.S. drilling accelerates amid OPEC cuts

Oil traded near $53/bbl after drilling in the U.S. climbed to the highest in more than a year, countering OPEC’s efforts to clear a supply glut.

Pantheon Resources completes successful sidetrack well in East Texas

Pantheon confirms that the VOBM#2 H sidetrack well, Polk County, onshore East Texas, has been drilled to a total measured depth of about 16,450 ft and will now be completed ahead of testing.

Baker Hughes busy in Middle East even as OPEC cuts

OPEC production cuts haven’t slowed the search for more oil in the Middle East.

BHP lifts shale spending as oil gains lure drillers to add rigs

BHP Billiton Ltd., the largest overseas investor in U.S. shale, boosted spending on its onshore oil and gas division as rising prices lure drillers to add rigs and spur a deals spree.

New ABS guide outlines standards for improved drilling safety

ABS, the leading provider of classification and technical services to the offshore industry, has published the ABS Guide for Building and Classing Drilling Tender Barges. This new Guide outlines services and standards for the global drilling tender sector.

Canadian drillers brave deep freeze as oil patch revives growth

In the snowy prairies of Western Canada, not even temperatures below -40 degrees have stopped Stampede Drilling Ltd.’s 60 recently rehired workers from manning the oil-service provider’s rigs after a nine-month dry spell for the business.

Halliburton profit beats estimates as U.S. drilling gains

Halliburton reported fourth-quarter adjusted profit that beat analysts’ estimates after oil explorers kicked off a year-end recovery in North America where the service provider generates most of its sales.

Halliburton awarded Iraqi drilling contract by Shell

Halliburton has signed a contract with Shell Iraq Petroleum Development to provide drilling services for sustained production at Shell’s Majnoon oil field in Southern Iraq.

Saipem awarded onshore drilling contracts valued at $240 million

Saipem has been awarded new contracts and the extension of pre-existing agreements in the onshore drilling sector in Saudi Arabia, Morocco, Bolivia and Argentina for a total value of $240 million.

Ownership interests on Norwegian continental shelf offered in APA 2016

Today, Jan. 17, offers for 56 new production licences on the Norwegian continental shelf (NCS) will be sent to 29 companies.

Plan for development of Statoil's Utgard and Byrding fields approved by authorities

The plan for development and operation for Utgard and Byrding fields in the North Sea has been approved by the authorities.

North Atlantic Drilling secures contract award for West Phoenix

North Atlantic Drilling has been awarded a one-well contract for the West Phoenix semisubmersible for work in the United Kingdom West of Shetland.


Jim Redden, Contributing Editor

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