Drilling ///

Drilling advances

Jim Redden, Contributing Editor

Into the brink

U.S. shale has already peaked for major service companies

U.S. shale oil fracking has already peaked and is in a period of sustained contraction, according to two major providers of services to the industry.

Maersk Drilling wins contract extension for low-emissions rig offshore Norway

In direct continuation of the rig’s current workscope, Maersk Integrator will move to the Ivar Aasen field offshore Norway to drill two wells, with work expected to commence in October 2020.

New offshore projects revitalize flagging Angolan oil production

Oil production in Angola has slumped by a third in the past decade to less than 1.4 million barrels a day, reflecting years of underinvestment in new projects.

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.

Total taps Maersk Drilling for depth-record-setting Angola-Namibia campaign

The well in Angola’s Block 48 will be drilled at a new world record water depth of 3,628 m. The current world record is 3,400 m, set by Maersk Voyager’s sister drillship Maersk Venturer when it drilled the Raya-1 well for Total offshore Uruguay in 2016.

Texas processing drilling permits at record pace

For two years in a row since 2018, Railroad Commission of Texas staff have set a historic record of taking just two days on average to process standard drilling permits, one day below the legislative requirement.

Noble hooks Maersk Valiant for offshore Colombia campaign

Maersk Drilling has been awarded a contract for the 7th generation drillship Maersk Valiant which will be employed by Noble Energy for a one-well campaign offshore Colombia.

Oxy conducts “voluntary reductions” and layoffs across its U.S. land operations

Occidental Petroleum began sweeping job cuts at multiple U.S. locations this week, including what a representative called voluntary reductions and outright layoffs, as the company seeks to reduce debt.

Technology developments in wellhead systems bring greater efficiency and safety to drilling applications

Blanca Montoya, Knox Wright, Baker Hughes, a GE Company

As shale drilling and completion operations have advanced, so, too, have wellhead control technologies. The RSH wellhead system is bringing greater well control, safety and cost-efficiency to shale plays in the U.S. and beyond.

Sizing up rig automation

Mike Slaton, Contributing Editor

The rig is a little taller than the driller, and the bit fits in the palm of his hand. Designed, built and operated by a team of university students, the miniature drilling system is making hole for SPE’s international Drillbotics competition. Their objective is to autonomously drill a directional well to plan, as quickly as possible, while maintaining borehole quality, and integrity of the rig and drillstring.

Hess dodges shale decline, leads S&P 500 via ‘fairy tale’ Guyana find

Hess rose above the carnage in shale stocks with a more traditional approach to oil exploration – partnering in a massive offshore discovery in a frontier nation.

Pemex’s plan to speed up drilling leads to re-bids for priority fields

A drive to drill new wells at 20 “priority” fields in Mexico largely using smaller, local service providers is faltering, with Pemex expected to re-bid some of the work in the year ahead.

ExxonMobil and partners discover more oil in Stabroek block offshore Guyana

ExxonMobil and its partners announced another oil discovery on the Stabroek Block offshore Guyana, southeast of the Liza Field. The discovery adds to the current gross recoverable resource estimate of more than 6 Bboe.

Equinor and Rosneft move forward on Western Siberia field development

Equinor and Rosneft have taken an investment decision on the first stage of the North Komsomolskoye full field development.

Self-made billionaire oilman invites Elizabeth Warren on tour of shale sites in her home state

Wildcatter and Continental Resources founder Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracing if elected.

Schedule overruns lead Perenco to cancel Maersk Resolute contract

Maersk Drilling has received notification that Perenco is cancelling the previously announced three-well contract for the jack-up rig Maersk Resolute in the UK North Sea.

U.S. energy chief says the Permian slowdown is only temporary

Even as growth is set to slow next year in the Permian and elsewhere as drillers respond to investor demands for capital restraint, U.S. Energy Secretary Dan Brouillette said the shale boom has further to run.

Maersk Drilling awarded three-well contract offshore Trinidad by BP

Maersk Drilling has secured a three-well contract for the semi-submersible rig Maersk Discoverer with BP for development drilling at the Matapal project offshore Trinidad and Tobago.

Norway’s oil lobby raises spending forecasts for 2020 and beyond

Norway’s oil lobby raised the investment forecast for the country’s offshore industry for the coming years, even if it still sees a sharp drop in 2021 amid a lack of big new projects.