Drilling
News
January 06, 2023
Labor shortages in the oilfield have been one of the biggest hurdles holding back production growth. The overall number of workers employed in U.S. oil and gas jobs totaled 136,100 in December, down 3.1% from last year’s peak in July.
News
January 06, 2023
The EPA has considered labeling parts of the region as violating federal air quality standards for ozone. However, the Biden administration omitted the policy from an agenda of planned regulations and instead deemed the measure “inactive."
News
January 05, 2023
Precision continues to experience strong customer demand for drilling services, Alpha™ technologies and EverGreen™ environmental solutions. It expects its Canadian and U.S. fourth-quarter field margins to exceed previous guidance and continue upward in 2023.
News
January 05, 2023
Transocean announced contract awards or extensions for five of its drilling rigs on Jan. 4. Together, the fixtures represent approximately $488 million of firm backlog.
News
January 04, 2023
Houston-based TG Natural Resources, which is majority-owned by Tokyo Gas, is discussing purchasing Rockcliff from private equity firm Quantum Energy Partners. An all-cash deal could be announced as soon as this month, though it’s possible that terms change or talks collapse.
News
January 02, 2023
Barnwell has acquired a non-operated working interest in a two-well pad consisting of 10,000’ laterals targeting the Wolfcamp Formation in Loving and Ward Counties, Texas. Initial production is expected in Barnwell's second fiscal quarter.
News
January 02, 2023
The invention features an adjustable design that is easy to use and transport so it is ideal for oil rig workers and other professionals. Additionally, it could accommodate different sizes and types of vices and a prototype model is available upon request.
News
December 30, 2022
The premium jack-up drilling rig "Frigg" has secured a long-term contract from an undisclosed customer for work in the Middle East. The premium jack-up drilling rig "Gunnlod" has received a binding Letter of Award from an undisclosed customer for work in Southeast Asia.
News
December 30, 2022
A major breakthrough of Sinopec's "Project Deep Earth," the Yuanshen-1 well has reached the deepest oil and gas formation in burial depth in the Sichuan Basin and further shows the great potential of deep ancient carbonate rocks in the region.
News
December 29, 2022
Set to redefine standards for offshore drilling, the dual-derrick drillship is the first-ever unit delivered with two 20,000-psi blowout preventers, well-control, riser, and piping systems for high-pressure and high-temperature drilling and completion operations.
News
December 27, 2022
If 2022 was big for international oil, it was astronomical for the domestic sector. From our coveted annual World Oil Awards to happenings in West Texas, news never stopped flowing. Read the top home-grown stories of 2022 here.
News
December 23, 2022
The A2H well has been drilled to a total depth of 3,883 m, including a 1,275 m horizontal section within the Amungee Member B Shale in the Beetaloo Sub-Basin, Northern Territory, Australia with Tamboran Pty Limited.
News
December 23, 2022
The new merger will be in a strong position to serve a broader range of customers, with one of the youngest and most technologically advanced fleets in the industry, and a combined backlog of $2.8 billion.
News
December 23, 2022
Dotz’s technology provides a solution to detect and quantify corrosion inhibitors within oilfield premises, providing on-site dosage management and significant savings on maintenance and corrosion inhibitor overdosing and underdosing costs.
News
December 21, 2022
The Zeus-1 well encountered 105 meters of net gas pay in carbonate reservoirs that re-enforces the area’s promising outlook and development.
News
December 19, 2022
In Oman, three rigs have been extended for a total of seven years of work. Additionally, KCA Deutag’s Kenera business unit will provide a grid container for rig T-899. Elsewhere, the T63 has mobilized to drill two wells, with two more optional wells, for a client in Kurdistan.
News
December 16, 2022
The patent-pending invention provides an effective way to display wind direction at a parked truck when hydrogen sulfide gas is being released at an oil or gas drilling location.
News
December 15, 2022
TAG Oil has chosen the BED 1-7 vertical well for its first re-completion and evaluation operations in BED-1. The data collected from BED 1-7 and incorporated into the modeling studies will help facilitate plans for drilling the first horizontal ARF well in BED-1.
News
December 12, 2022
ADC Energy will provide operational assurance and acceptance services for rig equipment, dynamic positioning, marine and well control, and ROV activity.
News
December 12, 2022
With over two-thirds of the Permian’s premium land now drilled, producers are seeking more permits than ever to burrow beneath Midland and its 130,000 residents.
News
December 09, 2022
Houston American Energy Corp. announced the acquisition of an additional interest in Hupecol Meta on Dec. 9. The deal will see Houston American Energy gain ownership of Hupecol's acreage in the CPO-11 block located in Colombia's Llanos basin.
