Drilling
Article
February 2021
A meaningful recovery in U.S. drilling activity during 2021 will be hampered further by President Biden’s Executive Order that indefinitely blocks new leases and drilling permits on federal lands and waters for up to a year.
News
February 03, 2021
Creditors of Argentina’s state-run oil company, YPF SA, are sending mixed signals as one group of bondholders rejected the company’s latest debt restructuring plan while another voiced support.
Article
January 2021
How the recent consolidation of operators in the fracing sector will lead to a digital revolution.
News
January 25, 2021
The billionaire’s SpaceX intends to drill wells close to the company’s Boca Chica launchpad, it was revealed during a Friday hearing before the Railroad Commission of Texas, the state’s energy regulator.
Article
January 2021
As world sentiment regarding fossil fuel usage shifts, ESG requirements and expectations are evolving quickly. Focused on moving to natural-gas-driven field equipment, forward-thinking manufacturers and service companies work to enhance alignment with investors, customers and the community at large.
News
January 22, 2021
Schlumberger posted better-than-expected earnings Friday and forecast an increase in overseas spending by customers in the next quarter. Earlier in the week, Halliburton said oil markets outside North America may see double-digit growth in the second half of 2021, while Baker Hughes predicted a modest recovery in Latin America, the North Sea and the Middle East.
News
January 21, 2021
Biden's move would block the sale of new mining and drilling rights across some 700 million acres of federal land. It could also block offshore oil and gas leasing, though details are still being developed.
Article
January 2021
As efficiencies plateau in North American shale basins, operators require new strategies to lower costs/bbl that go beyond drilling and completion. New technology and workflows can help operators shorten the learning curve to maximize unconventional reservoir performance, early in the project life cycle.
News
January 13, 2021
Following successful six-month operational trials on Stena Spey and Stena Carron rigs, IDS will deploy its data driven TourNet Pro drilling contractor reporting service and drilling performance monitoring service, Anova DPM, across Stena Drilling’s fleet in Q1 2021.
News
January 11, 2021
The agreement will see Toolserv AS exclusively managing supply, sales and rental of Paradigm Drilling products and services in the country with the outlook to expand to other countries as business and demand grows.
Article
January 2021
Well construction can benefit from available intelligent technologies, taking AI capabilities close to the action, where it encodes knowledge and captures learnings to improve drilling efficiency.
News
January 06, 2021
The decision is a victory for the administration, which has been racing to issue oil leases in the refuge’s coastal plain before the Jan. 20 inauguration of President-elect Joe Biden.
News
December 30, 2020
The number of rigs drilling for oil in the U.S. closed out 2020 at 267, according to Baker Hughes Co. data released December 30th. It’s the lowest end-of-year figure since 2005, when drilling and fracking breakthroughs perfected in natural gas regions like North Texas’s Barnett shale were just beginning to be deployed.
News
December 25, 2020
World Oil editors discuss The North Face doubling down on its principled stand against well-paying American jobs, Russia wants to see OPEC+ production rise in February, and U.S. land regulators shrink Alaskan oil lease acreage.
News
December 22, 2020
The Nordic government beat back a lawsuit by environmental groups in the country’s Supreme Court, which ruled on Tuesday the authorities had acted lawfully by awarding exploration licenses in the Barents Sea to companies including Equinor ASA, Aker BP ASA and Lundin Petroleum AB.
Article
December 2020
While the various and constantly evolving Biden/Harris promises to ban hydraulic fracturing—at one level or another—dominated the narrative during the general election campaign, the approach they will choose to take on a range of oil and gas issues, now that they are in a position of power, will come into sharp relief.
Article
December 2020
U.S. shale drillers lead the world—but even so, investing to improve drilling efficiency, well design, and back-office functions can deliver returns that far outweigh the costs.
Article
December 2020
When a pad well blows out, other nearby wells are in danger of blowout, posing a unique risk. Cascade failures require synergistic use of technologies and specialized expertise to properly respond to, and secure, multiple well blowouts.
News
December 16, 2020
On Dec. 14th, the groups filed requests with an Anchorage judge for a preliminary injunction to prevent the Interior Department’s planned Jan. 6 auction of oil and gas leases across the refuge’s 1.56-million-acre coastal plain.
News
December 15, 2020
Home to the Bakken shale formation, North Dakota won’t see any sustained growth in production sooner than the second half of 2022, Lynn Helms, director of the state’s Department of Mineral Resources, said.
