Drilling ///
Baker Hughes, a GE company joined forces with the Petroleum Development Oman (PDO) to open its first artificial lift systems assembly and repair facility in Oman to support PDO’s operations and other customers in the region, with the aim of optimizing production, saving costs and enhancing oil production.
Last week, I was in London at the Oil & Gas Council World Energy Capital Assembly (WECA), speaking on a panel about collaboration and capital efficiency in a new oil world.
The Norwegian Petroleum Directorate has granted Equinor Energy AS a drilling permit for well 36/1-3, cf. Section 15 of the Resource Management Regulations.
LUX Assure, a specialist in the provision of chemical monitoring and management solutions, and the University of Strathclyde have secured a grant from the Oil & Gas Innovation Centre (OGIC) to further develop LUX’s successful CoMic technology to provide the industry’s first corrosion inhibitor micelle detection tool with automated data analysis capability.
Major oil companies are investing more in U.S. shale, not less, after the recent tumble in crude prices.
Emily Querubin, World Oil
Despite a few recent snags, Permian basin production should continue its upward trend through 2019.
Michele Cowart, World Oil
New products and services
Michele Cowart, World Oil
Companies in the news
Jim Redden, Contributing Editor
Sleepless in the Gulf
Attention operators! World Oil has launched its 2018 year-end drilling survey, and we need your input to make the upcoming World Oil first-of-year Forecast a success.
Oil explorers dialed back on drilling at the fastest pace in 2 1/2 years in U.S. fields as volatile crude prices crippled efforts to plan for growth.
Simmons Edeco has announced that it has sold its well integrity service division, Simmons Edeco Europe.
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development. Capital expenditures of $918.5 million (NOK 7.8 billion) will help extend the productive life of the Troll field beyond 2050.
The long-term sustainability of the offshore oil and gas sector is predicated on reducing costs and minimizing projects’ environmental impacts.
Well 35/11-22 S will be drilled from the Deepsea Bergen drilling facility in position 61°5'2.27"N and 3°20'56.92"E after completing the drilling of wildcat well 6407/11-1 for Equinor Energy AS in production license 751.
The Partners on the Orinduik Block, being Eco Atlantic, Total and Tullow (Operator), approved the initial 2019 work plan and budget for the first exploration well on the Orinduik Block on Nov. 30, 2018.
Oceaneering International, Inc. has announced that it has bolstered its expanding asset integrity business in Chandigarh, India with more capabilities.
Well-Centric, a FrontRow Energy Technology Group company, has announced the acquisition of Simmons Edeco Europe from its Canadian owner.
Texas oil and gas drillers are soaking up more electricity than generators are planning to add by the time power demand peaks next summer.
The North American fracing market -- already expected to be a downer for the holidays -- is turning out to be even worse than expected, according to the world’s biggest oil-service provider.