Drilling ///
Record Permian well permits point to growing U.S. oil supply
Drilling permits for new wells have spiked to unprecedented levels in the Permian Basin, signaling crude oil suppliers in America are finally responding to higher prices.
U.S. crude output will rise at slower-than-expected pace, EIA says
U.S. crude output will grow at a more diminished pace than previously expected as shale producers grapple with higher production and labor costs amid rampant inflation.
Texas shale oil fields face worst fire risk in almost a decade
Some of the worst fire conditions in a decade are going to sweep across Texas and the southern Great Plains, threatening key shale-oil fields, slaughterhouses and farms.
Drilling operations start on Cambozola exploration well in Norway
Longboat Energy, an emerging full-cycle North Sea E&P company, announced the commencement of drilling operations on the Cambozola exploration well in Norway.
More drilling permits needed to ease gas prices, oil companies tell Congress
Executives at some of the world’s biggest oil companies will tell a U.S. congressional hearing on high gasoline prices that they need the government’s help in securing more drilling permits to help lower consumers’ costs.
Scarce steel a reason for flat U.S. output, oil drillers say
To drill more wells, they need steel tubes to line the inside of the holes and get the crude out. Those pipes have become more expensive and scarce.
Maersk Drilling secures $100 million contract for offshore drilling services with Shell
Maersk Drilling has been awarded contracts with Shell for the provision of the 7th generation drillship Maersk Voyager for drilling services offshore multiple countries.
Gas drillers in Canada face shift in Trudeau’s climate plan
Canada’s natural gas producers will face the greatest burden among energy companies under Prime Minister Justin Trudeau’s new emissions-reduction plan, just as the industry faces renewed pressure to increase output.
Santos dispute with ConocoPhillips snags Alaska oil project, stake sale
Australia's Santos Ltd. is locked in a dispute with ConocoPhillips over road access in Alaska, potentially holding up a $3 billion oil project, according to letters from both companies to the U.S. state's government.
Texas Bitcoin miners seek tax break for using trapped well gas
There’s been a rush of investors to fuel Bitcoin mines with gas that would otherwise be burned off or vented into the atmosphere in oil-producing fields.
U.K.’s contested Cambo oil field secures license extension
A controversial U.K. oil project won a license extension, keeping open the possibility of development even after Shell Plc retreated amid a backlash from climate protesters.
Building resilience: Why now is the time to invest in natural hazard risk management
With extreme weather events growing in frequency around the world, there are many ways that oil and gas operators can do more to protect their assets and mitigate some of the risks posed by natural hazards.
Coiled tubing drilling increases efficiency, lowers cost of re-entry sidetracking
Mature fields are rife with producing wells that have commercial quantities of hydrocarbons behind pipe. Coiled tubing drilling provides a method to defer abandonment liability and access bypassed reserves with minimal capital expenditure.
Oil sands to play biggest role in Canada’s export boost pledge
Canada’s oil sands would play the biggest role in the government’s pledge to boost crude and natural gas exports by 300,000 barrels a day this year to compensate for Russian supplies.
Exxon drills dry hole in setback to Brazilian oil exploration
Exxon Mobil Corp. drilled a so-called dry hole off the Brazilian coast, a rare setback in the oil titan’s effort to expand its South American crude reserves.
Water management: The shaking continues
Last month's column discussed the impact of the Railroad Commission’s (RRC) development of Seismic Response Areas (SRA) and the impact that these actions were having on produced water management in the Permian basin. Since the writing of that column, a third SRA has entered the mix.
KCA Deutag sells Nigerian drilling business for $18 million
KCA Deutag announced that it sold its land drilling business in Nigeria, including five drilling rigs, for $18 million to Nigeria-based Geoplex Drillteq Limited.
Breakthrough Technology: Continuous circulation meets today’s drilling challenges
Continuous circulation technology consistently delivers a decrease in drill pipe connection times, while reducing overall risks and operator costs.
Shale drillers foresee ‘world of hurt’ in Biden’s green economy
U.S. shale drillers are incurring record labor and equipment costs so they can cash in on the highest oil prices in 14 years.
SBM Offshore divests minority interest in FPSO Alexandre de Gusmão project
SBM Offshore announced that it has entered into a shareholder agreement with its long standing business partners Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha.
Shale driller Rockcliff Energy weighs $4 billion sale
Rockcliff Energy LLC, a private equity-backed natural gas explorer, has been speaking with advisers as it evaluates takeover interest from rival U.S. shale drillers, people with knowledge of the matter said.
