Drilling ///
Vapr’s open architecture design allows engineering teams to plan and complete multi-stage plug and perf operations more safely, precisely, and cost-effectively.
Bentec has signed a multi-million euro contract with the drilling division of INK-Service Group for the manufacture of seven latest-generation 320t cluster slider rigs. INK is the oilfield service unit of Russia’s Irkutsk Oil Company.
Roan Resources agreed to be acquired by CItizen Energy for $1.0 billion in cash, including funded net debt of $780 million. Following a management change, Roan will reduce drilling and development activity, and suspend all well completion activities.
There definitely is a lower-carbon model in the oil and gas industry’s future, agreed executive participants in the opening session of SPE’s 2019 Annual Technical Conference and Exhibition.
Developed as a fit-for-basin solution, NeoSteer ABSSs leverage digital technologies by combining the latest trajectory control algorithms, and machine-learning and data analytics to provide our customers improved planning and execution performance.
In addition to improving erosion resistance, the armor cladding enables bit designs with taller blades and optimal nozzle placement, resulting in more efficient cuttings evacuation that improves ROP.
Neptune Energy’s UK managing director, Pete Jones, said: “This is an important milestone for the Seagull project and a further demonstration of how the development is progressing at pace, following the award of the SPS and SURF contract to TechnipFMC in July.”
“As operators drill longer laterals, obtaining quality data at greater depths can be difficult because of noise and interference,” said Lamar Duhon, vice president of Sperry Drilling. “We designed the QuickPulse system with advanced sensors that detect and automatically transmit data so operators can drill faster and more accurately.”
Australia’s offshore petroleum regulator is due to decide by Nov. 14 whether to approve Equinor's plan to drill exploration wells in the Great Australian Bight. Environmentalists argue that it makes no sense to drill in the notoriously rough waters of a unique marine environment while fossil fuels are rapidly being eclipsed by renewable energy.
Weatherford has signed a $220 million, three-year contract with ADNOC Offshore to provide directional drilling services for the stated goal of increasing offshore production in the UAE. The agreement entails using the Weatherford Magnus rotary steerable system in both re-entry wells and new wells.
ModuSpec has re-emerged as an independent operating company following a strategic restructure of leading engineering and technical professional services organization, Lloyd’s Register.
ADNOC plans to grow its conventional drilling activity by 40% by 2025 and substantially ramp up the number of its unconventional wells, as it targets an increase in oil production capacity to 4 MMbpd by the end of 2020 and 5 MMbpd by 2030.
Transocean announced that two of its indirect, wholly-owned subsidiaries will relinquish their respective interests in two drillships under construction to Samsung Heavy Industries Co., Ltd.
Uganda is pressing the developers of its oil fields to commit to making a final investment decision this year, anxious to ensure that a failed plan by Tullow Oil to sell a stake in the project doesn’t stymie progress.
Alberta Premier Jason Kenney says it’s likely his government will allow oil producers to exceed their provincially imposed output caps if they can ship those extra barrels by rail.
American shale producers, one of the worst-performing segments on the stock market this year, jumped Monday morning after an attack on a Saudi Arabia oil production facility over the weekend sent crude prices soaring.
The International Energy Agency released its latest in-depth review of US energy policies on Friday, welcoming US leadership on innovation and highlighting the far-reaching impact of the country’s shale revolution.
The Trump administration on Thursday took a major step toward auctioning oil drilling rights across every acre of the Arctic National Wildlife Refuge’s coastal plain, hours after the House of Representatives voted to outlaw the activity.
Offshore drilling executives are trying to win back investors who have fled their stocks over the past year, insisting that a protracted recovery is gaining momentum.
GoExpedi has collaborated with Ensign, a leading global drilling company, to provide Ensign’s fleet of drilling rigs with an innovative new technology tool that will significantly enhance its supply chain capability to support their 24/7 drilling operations.