Drilling
News
January 20, 2023
The award covers two wells campaigns with an estimated duration of 200 days on a dry-hole case and up to 460 days on a success case.
News
January 12, 2023
Public drillers added 18 rigs during the final three months of 2022, while their private rivals idled 11. Overall, the fleet of rigs operating in the contiguous U.S. expanded by three from the end of September to Dec. 31.
News
January 10, 2023
Trillion Energy has identified several additional opportunities to increase production at the SASB gas field during 2023 by adding three side-track wells to its development program. The total number of wells now contemplated in the SASB development program has increased from 17 to 20.
News
January 10, 2023
Apex acquired all of IEOC’s interests in the Ras Qattara, West El Razzak and East Kanayis concessions. Apex will acquire the West Abu Gharadig concession following an extension and will become the operator of each through Farah Petroleum Company.
News
January 09, 2023
The first production well, DHIBM-3H, targets the Gamba sandstone reservoir on the Hibiscus field and is expected to take just over two months to drill and complete.
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.
