Completions ///

Halliburton looks beyond U.S. shale, charting a “fundamentally different course”

“As oil demand recovers, I expect the international business will continue to be a more meaningful contributor to our revenue going forward,” Chief Executive Officer Jeff Miller told analysts and investors during a conference call. “North America production is likely to remain structurally lower in the foreseeable future and has slower growth going forward.”

Aker Solutions, Kvaerner transform to seize renewable-energy opportunities

“At a time when renewables have developed from niche technologies to global industries, Aker’s ambitions exceed the announced spin-offs in Aker Solutions,” Aker Chief Executive Officer Oyvind Eriksen said in a statement. “We take an active role to position ourselves in a broader and rapidly growing renewable energy industry.”

Biden says fracing “not on the chopping block” in his $2 trillion climate plan

Joe Biden’s climate-change plan unveiled Tuesday includes $2 trillion in spending over four years with a goal of a 100% clean-energy standard by 2035. That’s more spending over a shorter period than the $1.7 trillion, 10-year plan that Biden had offered during the Democratic primary.

Weatherford lands 20-well contract with Iraqi Drilling Company

Weatherford International signed an 18-month contract with the Iraqi Drilling Company to provide services and project management for the drilling and completion of twenty wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.

Tendeka awarded five-year contract extension with Oman operator

Independent global completions service company Tendeka has been awarded a five-year contract extension to supply a major operator with zonal isolation technologies for all fields in Oman.

Halliburton launches real-time wireless depth correlation system

Halliburton introduced the DynaTrac Real-Time Wireless Depth Correlation System, a new technology that reduces uncertainty and saves rig-time by enabling operators to accurately position packers, perforating guns and the bottom-hole assembly without running wireline or moving the work string.

Santos names Weatherford ‘Contractor of the Year’

Brett Darley, Executive Vice President, Offshore, Santos, commented, “Weatherford provided a solution that enabled Santos to execute a safe, efficient tubular running operation with hands-free technology. Safety is extremely important at Santos and Weatherford delivered an outcome with zero incidents and zero near-misses.”

Weatherford Vero automated connection integrity successfully completes 100 runs

Weatherford's automated connection integrity system has successfully completed 100 runs and 33,000 tubular connections in operations worldwide.

Daily Brief podcast: The impact of oil prices and politics on oilfield service companies

Kurt and Cameron talk about how oil prices, state and federal politics are impacting oilfield service companies, and how positions taken today will affect a market recovery.

World Oil analysis: Texas Railroad commissioners face difficult decision on prorationing

Kurt Abraham, World Oil

The three Railroad commissioners are faced with what may be the major decision of their professional lives—whether to prorate or not. And, in tandem, the fate of many industry companies and individuals’ jobs could be hanging in the balance.

Oilfield service companies feeling the strain of shale’s collapse

No one is feeling the pain of an oil collapse more than the shale producers. Except, perhaps, their suppliers.

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.