Drilling ///
The International Energy Agency released its latest in-depth review of US energy policies on Friday, welcoming US leadership on innovation and highlighting the far-reaching impact of the country’s shale revolution.
The Trump administration on Thursday took a major step toward auctioning oil drilling rights across every acre of the Arctic National Wildlife Refuge’s coastal plain, hours after the House of Representatives voted to outlaw the activity.
Offshore drilling executives are trying to win back investors who have fled their stocks over the past year, insisting that a protracted recovery is gaining momentum.
GoExpedi has collaborated with Ensign, a leading global drilling company, to provide Ensign’s fleet of drilling rigs with an innovative new technology tool that will significantly enhance its supply chain capability to support their 24/7 drilling operations.
Mark Patton, Hydrozonix
The power of water
The U.S. House of Representatives is set to vote Wednesday on two proposals for limiting drilling in U.S. coastal waters, including an effort to permanently ban rigs near Florida, as Democrats seek to demonstrate their opposition to fossil fuels and emphasize Republicans’ sustained support for oil.
Parties that want to rein in the country’s golden goose made significant gains in Monday’s local elections. That raises the prospect of more advances for those forces that want to limit drilling in the Nordic nation, which supplies 25% of the European Union’s natural gas.
Snow depths on Alaska’s North Slope have thinned this year, the University of Alaska Fairbanks said in a study, creating a possible obstacle for exploration in part of the Arctic National Wildlife Refuge thought to harbor more than 7 Bbbl of oil.
The move signals Dolphin Drilling’s commitment to the North Sea at a time of increasing optimism for the drilling industry, with the announcement of the Aberdeen headquarters at the existing Howe Moss Drive site marking the beginning of a bright future for the company following significant investment from a U.S.-based private equity firm.
Sonadrill, Seadrill Limited’s 50:50 joint venture with an affiliate of Sonangol, has secured a nine well contract with six options, each for one well, in Angola for the Libongos drillship.
TWMA has seen a recent shift in the North Sea to companies choosing to process drilling waste offshore. Applying a TCC RotoMill offshore processing solution allows recovered oil from the drill cuttings to be recycled back into the active mud system, resulting in significant cost savings.
BP has closed one chapter in its U.S. business, exiting Alaska decades after transforming the state into an oil powerhouse. Now it’s time for a new phase in the company’s American story.
The U.S. Environmental Protection Agency is set to unveil a proposal that would step back from federal regulation specifically targeting methane emissions at oil and gas facilities, potentially staving off requirements for a million existing U.S. wells.
Royale's CRC RVGU 4-3 well has encountered a total of 246 ft. of pay defined as probable and possible in the Domengine, Capay, and Mokelumne River formations.
BP agrees to sell all Alaska operations and interests to Hilcorp for $5.6 billion, including the Prudhoe Bay field and the Trans Alaska pipeline. Hilcorp is the largest private operator in Alaska, specializing in mature oil and gas assets.
The find amounts to about 1 Tcf gas and 60 MMbbl of associated condensate in the deep drilled sequences. The discovery has further potential that will be assessed with the next appraisal campaign.
On the Texas side, oil and gas producers can drill and frack with relatively few bureaucratic hurdles. In New Mexico, companies need additional approvals from either the U.S. Bureau of Land Management or the state’s Land Office and Oil Conservation Division.
Husky Energy has commenced production at its Dee Valley thermal project in Saskatchewan, the second of six 10,000 bpd thermal bitumen projects to be brought onstream from 2018 to 2022.
PDC Energy and SRC Energy announced a definitive merger agreement under which PDC will acquire SRC in an all-stock transaction valued at approximately $1.7 billion.
The award forms part of an initiative by ADNOC to secure smart procurement solutions that add value to its upstream oil and gas drilling business and promote in-country investment and service provision.