WorldOil Private equity shale specialist EnerVest fires 111 workers EnerVest Ltd., a private equity firm that specializes in shale drilling, fired 111 people at its Houston headquarters, citing “challenging times for the industry.” Schlumberger-backed Arabian Drilling planning Saudi IPO Arabian Drilling Co., a Saudi oilfield-services company partly held by Schlumberger NV, is preparing an initial public offering that could give it a valuation of around $2 billion, according to people familiar with the matter. Chesapeake seeks to sell south Texas shale assets for $2 billion Chesapeake Energy Corp., the once mighty shale explorer that exited bankruptcy earlier this year, is seeking to sell oil-producing assets in South Texas for as much as $2 billion, according people familiar with the plan. Seadrill secures four-year contract for West Saturn drillship with Equinor Brazil Seadrill Limited secured a four-year firm contract with four one-year options, for the West Saturn drillship with Equinor Brazil Energia Ltda for work on the Bacalhau field in Brazil. Halliburton introduces new borehole imaging technology Halliburton Company announced a new wireline logging service that helps operators acquire more accurate well data to better evaluate production potential called StrataXaminer. EnQuest buying Bentley discovery from Whalsay Energy EnQuest PLC, an oil and gas production and development company, announced it signed an agreement with Whalsay Energy Holdings Limited to purchase Whalsay’s 100% equity interest in the P1078 license containing the proven Bentley heavy-oil discovery. New technology critical for oil and gas industry to manage well integrity LYTT developed a technology that identifies and differentiates multiple downhole well integrity events by using unique algorithmic pattern recognition capabilities that build on acoustic measurements from Distributed Acoustic Sensing data. Schlumberger CEO looks forward to a profitable 2022 in non-U.S. 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. Maersk Drilling awarded one-well exploration contract for Maersk Discoverer Maersk Drilling has been awarded a one-well contract by CGX Resources Inc., operator and joint venture partner with Frontera Energy Guyana Corp, for the semi-submersible rig Maersk Discoverer to perform exploration drilling in the Corentyne Block offshore Guyana. NOV globally launches new ION+ PDC cutter technology Further improving upon the successful ION platform, ION+ cutters comprise a wide range of application-specific cutter grades that incorporate refined diamond feeds, higher manufacturing pressures, and new, nonplanar interfaces.