Completions ///

Cabot Oil & Gas cuts 2016 preliminary budget in half

Cabot Oil & Gas Corp. has cut its 2016 capital budget to $325 million, a 47% reduction from the company’s $615-million preliminary budget for the year.

Makai upgrades software to simulate subsea power and telecom cable lays

Makai has released version 6.0 of MakaiPlan Pro, which is a popular software for planning and simulating subsea power and telecom cable installations.

Aquatic joins DNV GL in subsea supply chain JIP

Aquatic Engineering & Construction Ltd, an Acteon company, is working with DNV GL and other organizations in the subsea supply chain, on a JIP to develop a set of guidelines to be incorporated into new or existing DNV GL offshore standards or recommended practices.

Development of gas-tight connection for deepwater drilling and completion operations

Wendell Bassarath, Marta Lafuente, Romain Branly, Vallourec

The petroleum industry’s growing need for gas-tight connections is being driven by complex wells requiring high-pressure completions and fracturing jobs, or managed pressure/underbalanced drilling operations.

Drilling down by half in fourth quarter, API says

Estimated total U.S. oil and natural gas well completions fell by 51% in the fourth quarter of 2015 compared to year-ago levels, according to API's 2015 Quarterly Well Completion Report, Fourth Quarter.

Gazprom Neft commissions first bilateral well in Arctic conditions

Gazprom Neft has finished drilling the first bilateral production well—with horizontal shafts of 1,000 m—on the Yamal Peninsula.

Statoil confirms Kårstø gas leak stopped

The gas leak occurring at the Kårstø processing plant Thursday night has now been stopped.

Shale explorers pump oil on the cheap from slumbering U.S. wells

U.S. shale explorers will be able to bring new supply to market this year even with most of the rig fleet idled and drilling budgets cut to the bone. Their secret: thousands of mothballed wells.

Wintershall signs three-year contract with Kongsberg for well construction solution

Kongsberg Oil & Gas Technologies has been awarded a three-year contract by Wintershall Holding GmbH for provision of its hosted SiteCom real-time data aggregation and visualization solution for well construction.

Statoil completes transactions with Repsol in Norway and U.S.

Statoil and Repsol have completed two of the transactions announced in December.

Det norske completes Premier Oil Norge acquisition

Det norske oljeselskap has completed the acquisition of Premier Oil Norway, which comprises all Premier Oil plc’s Norwegian assets, for a net consideration of $120 million on a cash free, debt basis.

Halliburton, Baker Hughes extend merger deadline to April

Halliburton and Baker Hughes said Tuesday that they expect their timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) will expire without reaching a settlement or the DOJ initiating litigation at this time to block their pending transaction.

Weatherford introduces compact oil-base mud microimager

Weatherford International plc has announced the official launch of its Compact oil-base mud microimager (COI), a slim-profile tool that delivers fullbore, high-definition images in wells drilled with oil-, diesel- or synthetic-base muds.

Real-time operations improve process, safety and quality assurance in offshore cementing

Sunil Jose, Dan Daulton, Baker Hughes

Transforming offshore cementing into a living, real-time risk and process assurance service enables proactive risk management and active risk mitigation. Also, integrated technical and operational data create opportunities for continuous improvement and compliance programs.

Systematic candidate selection improves Haynesville refracturing economics

William Hunter, Mark Turner, Jeff Villalobos, Encana; Dr. Alejandro Peña, Jason Baihly, Schlumberger

Every refracturing operation is unique, and economic success depends on integrating rigorous workflows for candidate selection, stimulation modeling, treatment execution and post-refracture treatment evaluation.

ConocoPhillips cuts 2016 budget 25% to $7.7 billion

ConocoPhillips unveiled a significantly reduced budget for 2016 on Thursday. The company has set its 2016 capital budget at $7.7 billion, which represents a 55% reduction from 2014 and a 25% reduction as compared with expected 2015 capital spending.

Tesoro to acquire strategic logistics assets in Bakken

Tesoro Corporation has agreed to acquire Great Northern Midstream LLC, a crude oil logistics provider which owns and operates high-quality, recently constructed crude oil pipeline, gathering system, transportation, storage and rail loading facilities in the Williston basin of North Dakota.

SAL Heavy Lift completes challenging platform installation in Alaska

SAL Heavy Lift’s team of MV Svenja has successfully installed an offshore development platform over a subsea gas well conductor in the “Kitchen Lights Unit # 3” area in Alaska's Cook Inlet.

Suncor Energy extends Canadian Oil Sands offer

Suncor Energy has extended its offer to Canadian Oil Sands Limited shareholders.

U.S. demand for oilfield chemicals to exceed $10 billion in 2019

U.S. demand for oilfield chemicals is forecast to increase to $10.3 billion in 2019, with healthy growth overcoming declines expected in 2015 and 2016.