Drilling

Schlumberger announced it has been awarded an extensive contract for drilling, completions and production services by TotalEnergies for its Tilenga onshore oil development in Uganda.

The world’s energy markets can’t rely on major growth in the Permian Basin U.S. shale patch to ease oil prices, according to Occidental Petroleum Corp. Chief Executive Officer Vicki Hollub.

The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.

Inflation and brisk competition for the most-sophisticated drilling gear will hinder U.S. oil-supply expansion this year, according to shale giant EOG Resources Inc.

Chevron Corp. is looking to show it can lower methane emissions at five oil well sites in Texas and Colorado as part of an industry push into “responsibly sourced” gas.

Permits to drill for oil and gas on U.S. public land will be delayed after a federal judge ruled against the Biden administration’s estimates of the social costs of greenhouse gas emissions.

Even as crude prices hurtle toward $100 a barrel, U.S. oil output won’t be able to reach its pre-pandemic high until later next year as inflation and production logjams present obstacles to the industry’s recovery.

The timing couldn’t be worse for consumers, but the message from shale country is loud and clear: the independents won’t repeat the mistakes of the past by flooding the world with cheap oil.

API published an important first-edition document focused on improving the safety of onshore drilling and production operations.

Baker Hughes rig count released Friday shows the United States has added 22 rigs since last week, bringing its total count to 635. Compared to a record low of 244 in August 2020, the rig count is up 160%.

ConocoPhillips, one of North America’s largest energy explorers, is considering a sale of operations worth more than $1 billion in the Permian Basin.

Crude oil production from the prolific Permian basin of West Texas has topped estimates and may grow by an annual rate of 600,000 barrels a day for years to come.

Mud gas and cuttings analysis remains at today the only direct measurement of, respectively, the reservoir fluid and rock, until a PVT sample and a core are available for laboratory analysis. Surface logging data is an attractive solution for the client to take real-time decisions as they are available while drilling, on a continuous basis and at relatively low cost. Nowadays the accuracy and quality of the surface logging data has reached a level comparable to more sophisticated downhole tools thanks to the technological evolution, processes automation and innovative digital workflows. In this presentation we will describe how Artificial Intelligence and Machine Learning models and ground-breaking algorithms permit a more quantitative and objective approach to determine lithology classification, enhance the accuracy of the mud gas data even in extreme drilling conditions and enable predicting fluid properties while drilling.

Oil executives tempted by the prospect of the highest crude prices in seven years are showing all the signs of abandoning pledges to hold the line on drilling budgets, Citigroup Inc. said.

Output in the U.S. shale patch is “re-booming” this year, with research and data analysis firm Lium LLC forecasting production will surge by more than 1 million barrels a day.

The final investment decision taken on Lake Albert Resources Development Project is the second-largest FID taken in the oil and gas industry in the last two years, said an oil and gas analyst at GlobalData.

Chesapeake Energy Corp. is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas Inc. for about $2.4 billion including debt, Reuters reported, citing people familiar with the matter.

The Eagle Ford shale in South Texas, long overlooked compared to its larger cousin the Permian basin, saw its biggest one-week jump in drilling activity in more than two years as explorers look for growth beyond the world’s biggest shale patch.

U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output.

Canadian Overseas Petroleum Limited, an international oil and gas exploration, production and development company with operations focused in Wyoming, USA, announced a significant conventional light oil discovery at its Wyoming asset.

Wild Well Control says operators should consider environmental concerns during well planning, including location, access points, proximity to water, and other issues that can make a difference between an expedited, efficient and safe blowout scenario and one that is complicated, costly and dangerous.