Completions ///

Equinor halts U.S. land activities as part of $3B cost-reduction plan

Equinor says the company can be organic cash flow neutral before capital distribution in 2020 with an average oil price around $25/bbl for the remaining part of the year.

Tendeka lands four-year zonal isolation contract in Malaysia

Tendeka has secured a four-year contract to supply its zonal isolation technologies across a leading operator’s Malaysian assets.

Aker BP taps Tendeka for sand-face completion program offshore Norway

Tendeka has received a Letter of Intent for a multi-million-pound contract to supply sand-face completion equipment to Aker BP’s Norwegian assets.

GEODynamics introduces new firing solution for high speed frac completions

A complete firing solution using the latest technology in switch design and flexibility, integrated with one of the most advanced and intuitive shooting panel and surface testers on the market.

Improving efficiency is driving a new generation of frac plugs

Eric Bruseth, Mark Shaffer, Packers Plus Energy Services

The evolution of frac plugs has helped producers go to new lengths, while reducing operational time and risk. Case studies, onshore and offshore, confirm that these advancements are saving operators money.

Drilling advances

Jim Redden, Contributing Editor

Into the brink

Decline in DUC backlog shows scale of U.S. shale pullback

As the U.S. shale boom unfolded, the number of oil wells that were drilled but never opened for production steadily rose. Now, that figure has plunged by a surprising 10% in the newest sign yet of tough times for drillers.

Rosneft elbows PDVSA aside on Venezuela service contracts

A subsidiary of Rosneft has taken over some contract discussions with local service providers in Venezuela, stepping in for PDVSA on joint projects with the state-owned oil company, according to people familiar with the matter.

Halliburton introduces 15kpsi multizone completion system for ultra-deepwater operations

The increased capability of the XSTMZ system helps increase production and total recovery by driving down abandonment pressure and can save rig time by isolating and treating several intervals with a single trip.

Tenaris taps Sandvik to deliver CRA OCTG in ADNOC supply agreement

The award includes a relevant portion of corrosion resistant alloy materials, which will be supplied by Sandvik as part of the Sandvik-Tenaris Alliance Agreement.

Sparrows doubles UAE operations after securing £55m in contracts

Sparrows Group has doubled the size of its operations in the UAE after securing contracts worth in excess of £55 million in the past three months. The awards have resulted in more than 150 new positions being created in the region.

C&J Energy Services and Keane shareholders approve merger, announce new company name

C&J Energy Services and Keane Group announced that the shareholders of both companies approved all of the proposals necessary for the closing of the previously announced all-stock merger of equals between Keane and C&J.

Weatherford installs 113 consecutive whipstocks with 100% single-trip execution

Weatherford announced a milestone of 113 consecutive cased hole whipstock jobs completed in a single trip in California. The installation success began with the first run in February 2018 and reached number 113 in October 2019.

Halliburton cuts 650 jobs in the Rockies on shale drilling slump

Halliburton is reducing its workforce in the Rockies as the biggest oilfield service contractor to announce job cuts grapples with a protracted spending slump in the shale patch.

Weatherford wins multiyear contracts in Iraq

Weatherford International has been awarded two fully integrated rig contracts and one well services (through-tubing intervention) contract with a multinational operator in one of the world's largest proven oil fields located in Iraq.

Halliburton wins license to run ExxonMobil’s open hole completion technique

Halliburton has been awarded an international license for ExxonMobil’s patented Non-Aqueous Fluid Gravel Packing (NAFPac) technique for gravel pack completions.

GEODynamics introduces Vapr portless perforating system

Vapr’s open architecture design allows engineering teams to plan and complete multi-stage plug and perf operations more safely, precisely, and cost-effectively.

Weatherford strikes four-year safety valve deal with Petrobras

The Optimax deep-set safety valve protects against catastrophic loss of well control by providing fail-safe closures at pressure up to 10,000 psi and are rated for setting depths as deep as 12,000 ft.

Roan Resources enters $1 billion merger agreement with Citizen Energy, suspends completion activities

Roan Resources agreed to be acquired by CItizen Energy for $1.0 billion in cash, including funded net debt of $780 million. Following a management change, Roan will reduce drilling and development activity, and suspend all well completion activities.

Probe introduces XY caliper for geothermal well operations

Developed to operate in hostile environments up to 325°C (617°F), the UHT Dimension tool provides two continuous independent perpendicular measurements (X and Y) of the internal diameter of the casing.