Drilling ///

Activist investor to stake $1B on changing shale operations

The energy-focused private equity firm Kimmeridge Energy Management is looking for a U.S. shale producer to target for an overhaul, saying the sector has become “uninvestable.”

Drilling advances

Jim Redden, Contributing Editor

The silly season

Gyro-while-drilling technology improves drilling efficiency and well placement

ADRIÁN LEDROZ, CHRIS HARTLEY, STEPHEN FORRESTER, Gyrodata

In today’s environment, the need to expedite wellbore construction has been supplanted by the requirement to drill boreholes more intelligently. A real-time wellbore guidance technology offers operators and service companies a means of improving precision and accuracy in wellbore placement.

Neodrill targets drift-off, reducing idle offshore rig time by several days

Neodrill has launched its new Wellhead Saver System, to directly address the industry challenge of drift-off during offshore drilling.

Siemens wins modernization contract for Middle East jackup

Siemens was awarded a contract by Arabian Drilling Company to modernize a complete and integrated drilling-drives lineup, including auxiliaries and controls, that will be installed on an offshore jackup drilling rig for a customer in the Middle East.

Special Focus: 2020 Forecast - International Drilling and Production

Staff, World Oil

Improved offshore activity, coupled with significant conventional oil development programs operated by NOCs, should push drilling marginally higher in 2020.

Adjustable smart-bit increases durability and ROP during drilling operations

Brad Ivie, NOV

As wellbores and drilling operations have become more complex, drill bit development must keep pace to meet increasingly difficult performance requirements.

Halliburton rolls out real-time frac performance monitoring system

The SPIDRlive retriever combines quartz-based hardware and proprietary modeling software to capture high-resolution, high-accuracy and high-frequency data from the wellhead without running downhole equipment.

Noble Energy targets U.S. onshore growth in 2020 capital budget

Noble Energy says it will take advantage of offshore cash flow to focus on drilling in the DJ and Delaware basins in the U.S.

Special Focus: 2020 Forecast - U.S. Drilling

Craig Fleming, Kurt Abraham, World Oil

U.S. on a downward trajectory as shale industry matures

Texas energy regulator prepares first-of-its-kind report on flaring trends

The report will showcase flaring trends, its proportion to surging oil production and potentially a list of the best and worst operators, said Ryan Sitton, a member of the Texas Railroad Commission.

Daily Brief podcast, Monday, February 10th

At Baker Hughes' 2020 Annual Meeting in Italy, we spoke with Chuck Chauviere, the company's Vice President of Subsea Drilling Systems, about how new technologies are driving predictivity into offshore drilling, and helping to build the baseline of reliability and certainty that operators demand.

Guyana slams activist group’s “cunning and calculated attack” on Exxon deal

Guyana vigorously defended its oil contract with ExxonMobil after the deal was criticized by human-rights group Global Witness just a month before the country holds a general election.

Emerald Bay Energy spuds well in Duval County

Emerald Bay Energy Inc. reported today that the Company has spudded the fifth well, #4HC, on the Duval County Ranch Company (DCRC) "E" lease.

Increasing drilling efficiency with a bit that adjusts on the fly

When drilling in conglomerates, stick slip is a common problem that hinders ROP. A bit that can change its depth of cut based on downhole conditions reduces shock loads that can damage both the bit and the bottomhole assembly, while also increasing drilling efficiency.

Introducing predictivity into offshore drilling operations

Integrating people, processes, and technologies is a complex challenge in modern offshore drilling operations. From an operator’s standpoint, finding a baseline of reliability and certainty to minimize rig downtime is the primary goal.

UAE finds world’s biggest gas field since 2005

Dubai and Abu Dhabi made what could be the world’s largest natural gas discovery since 2005 as the two biggest sheikhdoms in the United Arab Emirates aim to push the country to energy self sufficiency.

Decarbonization of oil and gas is as much about perception as performance

In an industry that faces continuous scrutiny of its environmental policies, the need to be seen as a proactive leader in carbon reduction is as important, if not more so, than achieving climate-change targets.

U.S. crude oil and natural gas production increased in 2018, with 10% fewer wells

In 2018, while production was increasing, the total number of wells producing crude oil and natural gas in the United States fell to 982,000, down from a peak of 1,035,000 wells in 2014. This increase in production, despite the decline in the number of wells, reflects advances in technology and drilling techniques.

Defining the oilfield service sector’s role in meeting CO₂ goals

As operators worldwide set ambitious net-zero-emissions goals, oilfield service companies have an opportunity to both play a key role in meeting these targets, and take a leadership position in shaping the path of the coming energy transition.