Drilling ///

Schlumberger launches PeriScope Edge multilayer mapping-while-drilling service

The new service expands the depth detection range and improves resolution compared to existing services, while utilizing cloud and digital solutions to offer reservoir insights.

Schlumberger introduces autonomous directional drilling

Leveraging an intelligent and dynamic downhole automated control system that instantly interprets and acts on data, Schlumberger continues to advance its digital offering enhancing well construction performance.

Chesapeake Energy acquires Vine Energy in $2.2 billion deal

Chesapeake has agreed to acquire Vine, an energy company focused on the development of natural gas properties in the over-pressured stacked Haynesville and Mid-Bossier shale plays in Northwest Louisiana.

Logan Industries installs, commissions BOP safety cages

Logan Industries, a hydraulic repair, manufacturing and rental company, has completed the design, fabrication and delivery of a set of unique safety cages to keep offshore technicians safe while inspecting subsea connectors on BOP stacks while on deck.

Shale drillers leveraging $42B in new bonds to retire costlier debt

America's shale producers are continuing to the line on production, boosting investor returns and are now attracting the lowest bond yields they’ve ever seen. Instead of using cheap credit to boom once again, they’re using it to retire costlier debt.

Tenaris lands Petrobras tubular solutions contract for pre-salt Mero 3 field

Tenaris has been awarded the supply of a complete package of products, technologies and services for the Libra offshore exploratory block - renamed Mero 3 - in Brazil’s pre-salt, one of the largest deepwater discoveries in the world.

Biden’s infrastructure plan to boost Permian shale drillers and local economies

A coalition of energy companies, along with state and local partners, plans to spend $844 million on roads, education, workforce development, housing, broadband and health care in the region, according to the Permian Strategic Partnership, which assembled the group.

Are shale drillers too focused on debt reduction?

Shale drillers are showing so much financial self-discipline that next year’s oil-production forecasts may be in peril, according to Tudor, Pickering, Holt & Co.

Texas oil regulator proposes tax credits for natural gas infrastructure

The natural gas industry should receive tax incentives similar to those provided for renewable energy projects, according to one of Texas’s top oil and gas regulators.

Pioneer CEO stays on the sidelines of latest shale M&A round

With more consolidation brewing in the largest U.S. oil patch, the boss of one of the largest independent shale producers says he’s not interested, and warned that investors are still skittish about deals.

‘Live’ DUC count hits 2013 low as the US continues to frac more than it drills

US tight oil operators have for several months been depleting their inventory of drilled but uncompleted wells (DUCs) and, amid a slower drilling response, the number of ‘live’ DUCs in the country’s major oil regions slumped to 2,381 wells in June 2021, the lowest level since 2013, a Rystad Energy analysis reveals.

Global oil rally costs shale drillers $12B in underwater hedges

“One of the negatives of this quarter has been some horrible hedging; guys locked in at $42 a barrel,” Paul Sankey, the veteran oil-industry analyst and founder of Sankey Research LLC.

New Mexico’s Permian output rises – will a modest shale recovery follow?

New Mexico’s oil production surged to a record in May highlighting the Permian basin’s role as the shale industry sees some recovery from the pandemic.

APA, TotalEnergies drill successful appraisal well offshore Suriname

APA Corporation announced drilling success and updated the status of its appraisal program offshore Suriname in Block 58. The primary objective of the first phase of the appraisal drilling program is to deliver a fast-track, black oil development.

U.S. Interior secretary accused of defying federal judge’s oil lease ruling

Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there’s no sign it has, and Interior Secretary Deb Haaland struggled Tuesday to explain why.

ExxonMobil tallies another significant oil discovery offshore Guyana

ExxonMobil reported a significant discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet (75 meters) of net pay in high quality, oil-bearing sandstone reservoirs.

Proserv lands key manufacturing order from BOC in Iraq

Proserv Controls has secured a significant contract to manufacture and deliver 22 wellhead control panels to the Basra Oil Company for use on the Majnoon Oil Field in southern Iraq.

Novel rig equipment reduces downtime, improves HSE

Thomas Renner, igus

A plastic e-loop cable carrier, made from polymer components and non-metallic rope, is replacing problematic service loops to reduce NPT and increase cable life.

Data driven analytics identify drilling sites close to existing infrastructure

Eirik Larsen, Earth Science Analytics

A collaborative cloud environment brings new insights to old concepts, captures expertise, and increases agility of data interpretation. The process can identify missed pay opportunities and trigger new exploration activity in mature areas.

A progressive approach: Why the Permian basin tells us all we need to know about methane emissions management

Ben Linke, Baker Hughes

Permian basin oil and gas companies are taking action and driving change—adopting technologies that not only reduce fuel and operational costs, but that also help reduce emissions and protect the planet.