Drilling

News
December 02, 2022
Neptune Energy and its license partners on Dec. 2 announced a new discovery at the Calypso exploration well (PL938) in the Norwegian Sea. Preliminary estimates are between 1 to 3.5 million standard cubic meters of recoverable oil equivalents, corresponding to 6 – 22 million barrels of oil equivalent.
News
December 01, 2022
Canadian Natural Resources Ltd., Canada’s largest oil and gas producer, is aiming to raise production as high as 1 million barrels a day in 2023 for the first time as the company ramps up drilling amid historically high prices.
Article
November
Politics and regulations, particularly on the federal level, affect so much of the upstream industry’s health and performance, which can lead to a muddled mess in future developments.
Article
November
A mere 400 petroleum engineers are expected to graduate from U.S. universities in 2022, representing an 83% decline from the 2017 peak. The number of incoming students suggest that trend is not likely to change significantly anytime soon. What can the industry to tackle the challenge of attracting and retaining desperately needed technical talent?
News
November 28, 2022
The Biden administration plans to offer hundreds of thousands of acres off the coast of Alaska for new oil and gas drilling next month, a sale mandated in Democrats’ Inflation Reduction Act to win the support of holdout West Virginia Senator Joe Manchin.
News
November 28, 2022
Perenco UK has signed a contract for a campaign of drilling operations using the Valaris 247 jack-up rig, the company announced on Monday.
News
November 27, 2022
Shell Plc is selling its stakes in a group of North Sea oil fields, according to Bloomberg News. The assets include minority stakes in two fields operated by BP Plc and an interest in a discovery field also operated by BP in the waters east of Scotland.
News
November 27, 2022
The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years ago.
Article
October 2022
A new modeling system enabled PDC bit designers to increase cutter efficiency and reduce susceptibility to impact damage by optimizing back rake in the nose and shoulder areas. Engineers used the data to update the bit’s torque and efficiency response, resulting in record-high ROP.
Article
October 2022
Centralized real-time, multidisciplinary data capture platform improves drilling performance
Article
October 2022
In U.S. land drilling, BHA selection frequently uses heuristics derived from motivations of the directional contractor as opposed to incentives for the operator. The authors propose alternatives that balance the needs of the directional company with the operator’s desire for a high-quality wellbore.
News
November 21, 2022
A frac-sand plant in the Eagle Ford region of Texas erupted in flames over the weekend, imperiling supplies of a key component in shale drilling.
News
November 21, 2022
Zephyr Energy Plc, the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, announced on Monday that drilling operations have commenced on the State 36-2 LNW-CC well at its flagship project in the Paradox Basin, Utah.
News
November 21, 2022
ADNOC Drilling Co. signed an agreement on Monday to acquire an additional three brand new high-specification offshore jack-up drilling units. The cost of the acquisition is part of the company’s three-year guidance on capital expenditure and its strategic growth plans.
News
November 17, 2022
Diamondback will acquire drilling rights across 15,000 net acres in the Permian’s northern Midland Basin in Texas from closely held Lario Oil and Gas Co. for $850 million in cash and 4.18 million shares, according to a statement on Wednesday.
News
November 17, 2022
The Democratic Republic of Congo must be compensated if it’s to halt plans for oil and gas drilling in the world’s biggest tropical peatlands, which store three years of annual global carbon emissions, the country’s vice prime minister for environment said.
Article
October 2022
In February, Russia initiated its unwarranted invasion of Ukraine and ignited an international energy crisis. Immediately thereafter, it appeared that the world and the U.S. would realize the mistakes made in relying on Russian O&G and on unreliable, expensive renewable energy.
News
November 16, 2022
Texas oil and gas production will continue to recover and grow during 2023, and use of oilfield electrification will expand with it. That was the takeaway message from Texas Alliance of Energy Producers President Jason Modglin, who delivered the keynote address Tuesday morning during Day 1 of World Oil’s Oilfield Electrification Technology Conference.
News
November 14, 2022
Saudi Arabia’s wealth fund is considering an initial public offering of oil and gas driller ADES International Holding by the first half of next year, as it accelerates efforts to raise billions of dollars for new investments, sources said.
News
November 08, 2022
It became clear from speakers at last week's IADC meeting that publicly held operators continue to utilize technology to improve their efficiencies and bottom lines while pursuing careful paths toward E&P expansion, keeping a close eye on shareholder returns.
News
November 04, 2022
Neptune Energy announced Friday that drilling has commenced on the Calypso exploration well in the Norwegian Sea, with a target depth of approximately 2,960 meters (9,711 feet).
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