http://www.worldoil.com WorldOil Schlumberger commits to net zero 2050 greenhouse gas targets https://www.worldoil.com/news/2021/6/22/schlumberger-commits-to-net-zero-2050-greenhouse-gas-targets Schlumberger’s decarbonization plan leverages technology to address operational emissions, customer emissions, and carbon-negative actions. Hunting introduces dual mode firing head https://www.worldoil.com/company-news/2021/6/1/hunting-introduces-dual-mode-firing-head Utilized as either a bar-drop or a hydraulic firing head, this latest addition is an economical solution to maintaining two different firing head inventories, while allowing the operational flexibility to run either type of toolstring. A unique breakthrough in material science https://www.worldoil.com/magazine/2021/may-2021/special-focus/a-unique-breakthrough-in-material-science An expanding isolation system provides operators with the next generation of cased-hole and open-hole wellbore isolation completions technology while delivering versatility and superior anchoring. Best practices for successful completion system installation and stimulation in shallow wells https://www.worldoil.com/magazine/2021/may-2021/special-focus/best-practices-for-successful-completion-system-installation-and-stimulation-in-shallow-wells A robust set of best practices ensures that each system reaches the planned TD. These best practices are particularly important in shallow wells to maintain safe, efficient operations. Monetizing Permian basin well data to optimize infill completions https://www.worldoil.com/magazine/2021/may-2021/special-focus/monetizing-permian-basin-well-data-to-optimize-infill-completions A Permian basin operator applies a purpose-built completions interpretation platform to successfully develop three infill wells and realize up to 20% cost- savings on future completions designs. Schlumberger CEO looks forward to a profitable 2022 in non-U.S. markets https://www.worldoil.com/news/2021/4/23/schlumberger-ceo-looks-forward-to-a-profitable-2022-in-non-us-markets The world’s biggest oilfield contractor joined rivals Halliburton and Baker Hughes this week in predicting expansion in overseas work and a more muted recovery in North America through the rest of 2021. Global oil demand should return to pre-pandemic levels by the end of next year, if not sooner, Schlumberger CEO Olivier Le Peuch told analysts on Friday. Halliburton reports pickup in oilfield services demand overseas https://www.worldoil.com/news/2021/4/21/halliburton-reports-pickup-in-oilfield-services-demand-overseas “I expect international activity growth to accelerate, and the early positive momentum in North America gives me confidence in the activity cadence for the rest of the year,” CEO Jeff Miller said in a statement. “I am optimistic about how this transition year is shaping up.” U.S. oilfield service companies added 23,000 jobs in March https://www.worldoil.com/news/2021/4/6/us-oilfield-service-companies-added-23-000-jobs-in-march The monthly Oilfield Services and Equipment Employment Report, compiled and published by the Energy Workforce and Technology Council, estimates a peak of 102,000 pandemic-related job losses. Since then, the industry has gained back more than 23,000 jobs. U.S. operators working down DUC backlog https://www.worldoil.com/magazine/2021/april-2021/features/us-operators-working-down-duc-backlog Despite a modest reduction in the DUC inventory, there are still 7,086 wells waiting on completion. With the industry in disarray, it has become increasingly likely that many of these horizontal boreholes may never be completed. NexTier successfully field tests NOV electric frac system https://www.worldoil.com/news/2021/3/29/nextier-successfully-field-tests-nov-electric-frac-system The field test, completed on behalf of a major operator, was comprised of more than 300 operating hours with an average of more than 18 pumping hours per day, including the completion of 172 stimulation stages at rates up to 22 barrels per minute.