Drilling ///

Stress Engineering Services launches new digital flex joint angle monitoring system

Stress Engineering Services has developed a digital flex joint angle measurement system for monitoring real-time drilling operations.

Almost all new wells lose money in shale’s ‘new normal’

At a stroke, Saudi Arabia and Russia and their battle for market share have made almost all U.S. shale drilling unprofitable. Only five companies in two areas of the country have breakeven costs lower than the current oil price.

Wall Street slashing ratings on shale producers

The oil price war is turning out to be a disaster for energy equities, and Wall Street appears to be throwing in the towel with multiple stock downgrades.

Shale drillers facing uncharted territory in worst oil bust yet

The Saudi-Russia oil price war could mark the end of a historic boom that vaulted the U.S. to predominance in world crude production.

Falling oil is a shot in the arm for U.S. gas drillers

Shares of gas producers including Cabot Oil & Gas Corp., Southwestern Energy Co., Range Resources Corp. and EQT Corp. climbed on speculation that the nosedive in crude prices will force oil explorers in the Permian Basin of West Texas and New Mexico to pull back.

Halliburton reduces well time and costs with new drilling motor

“As operators focus on greater operational efficiency, we designed a motor with the highest horsepower in the oil and gas industry to drill faster and reduce non-productive time,” said Lamar Duhon, vice president of Halliburton Sperry Drilling.

Stricter drilling rules didn’t slow Colorado oil production

Colorado explorers pumped the most crude on record last year even after the state tightened restrictions on oil and gas 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.