Drilling ///

Halliburton rolls out industry-first intelligent fracturing system

The SmartFleet system connects to the reservoir through subsurface sensing to continuously measure cluster uniformity and fracture geometry. The system applies the measurements to make intelligent adjustments that improve fracture placement.

Weatherford achieves ultra-deepwater sidetrack milestone

Weatherford International’s Shallow Angle QuickCut System successfully achieved the industry's first 12 ¼-in. casing sidetrack, delivering a 22-ft. window in a single trip for an ultra-deepwater well in the Gulf of Mexico.

Russian oilfield services CEO projects further drilling cuts in 2021

The nation’s producers, which have reduced oil drilling by as much as one-third so far this year, may cut it by a further 20% in 2021, said Vitaly Dokunikhin, CEO at Eriell Russia.

Oxy CEO says U.S. oil production will never see pre-pandemic levels

America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.

Trump takes Biden to task over drilling in swing states

Trailing Biden in the polls and looking to drive up support among white, working-class voters that helped deliver him Rust Belt states in 2016, Trump has turned to fracing as a last-ditch measure to make up ground. Biden holds a lead of 7 percentage points in Pennsylvania, according to a RealClearPolitics average of polls.

NTS Group acquires Amega West Services

NTS Group has acquired Amega West Services, a market leader in the manufacture, repair and rental of legacy and specialized drilling equipment used in offshore and land-based oil & gas extraction applications, from Carpenter Technology Corporation.

Oceaneering wins Petrobras BOP tethering services contract

Oceaneering International has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year with the option to extend for an additional year.

New Halliburton hybrid drill bit increases stability, drilling efficiency

Halliburton's Crush & Shear technology reimagines the bit by placing roller cones in the bit’s center for efficient crushing of the formation and moves the cutters to the shoulder for maximal rock shearing.

Hunting introduces perforating gun orientation tool

The HSI’s three-axis accelerometer indicates the relative bearing and inclination of the downhole tool string during oriented perforating applications, confirming direction to avoid severing casing strings or cables behind casing.

Mitigating vibration above the drill bit

Chris Gooch, Ulterra Drilling Technologies

An innovative PDC bit technology is improving motor and downhole tool reliability, while setting new performance records.

LWD dual-physics imager for OBM applications enables real-time geological characterization

Vera Wibowo, Chandramani Shrivastava, Schlumberger

A new LWD tool system enables multiple high-resolution borehole images in nonconductive OBM, providing real-time geological characterization and inputs for drilling parameter optimization.

Caterpillar to acquire Weir Oil & Gas in $405 million cash deal

Caterpillar Inc. has signed an agreement to acquire the Oil & Gas Division of the Weir Group PLC, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, Weir Oil & Gas produces a full line of pumps, flow iron, consumable parts, wellhead and pressure control products.

Transocean’s efforts to avoid bankruptcy could lead to a default

The world’s largest owner of deep-water oil rigs recently engineered a bond swap to trim some of its $9 billion debt load and ease the crunch caused by slumping energy prices. But other creditors say the transaction amounts to a default because it pledges assets that Transocean already promised to them.

Turkey to expand Mediterranean gas hunt with second drillship in 2021

Turkey plans to deploy a second drilling ship in the Black Sea early next year following the biggest-ever natural-gas discovery there.

Despite traders' weak demand outlook, oil and gas drilling activity continues to rise

World Oil editors discuss an emerging disconnect as drilling activity across the board continues to rise, while oil traders are expecting a long road to demand recovery.

Shale producers Devon Energy and WPX merge in all-stock deal

The combination will create one of the biggest independent shale producers in the country, tying together two companies with sizable operations in the hottest part of the prolific Permian Basin, which straddles West Texas and southeastern New Mexico.

Political moves, both current and projected, are placing outsized influence on U.S. and Canadian oil markets

While Canada's leaders promise measures to protect oilfield livelihoods, shale drillers in the U.S. are working to minimize the impacts of a potential Biden victory.

API says Trump’s Atlantic drilling ban is “another move in the wrong direction”

API recently released an analysis outlining how policies to ban development on federal land and waters threaten American jobs and the nation’s energy security. The analysis projects that a ban would shift the U.S. to foreign energy sources, cost nearly one million American jobs, increase CO2 emissions and reduce revenue that funds education and key conservation programs.

New Mexico shale drillers brace for impact of a possible Joe Biden victory

The Permian in New Mexico, unlike in Texas, lies largely on federal land. And Biden, the Democratic candidate for president, has promised to ban new fracing on federal land on “day one” if elected.

As U.S. drilling plummets to 122-year low, losses may intensify in second half

Craig Fleming, Kurt Abraham, World Oil

The catastrophic demand decline initiated by coronavirus lockdowns significantly damaged the U.S. oil industry, with oversupply, historically low storage capacity, and low prices. Operators responded by stacking rigs and shutting-in production.