Top executives believe the merger creates growth opportunities that could lead to a common operating system for both the surface and subsurface, while expanding Cameron’s presence worldwide.
Shale producers can save 30% of the drilling cost with walking rigs, which can move from one wellbore to another--10 meters in less than an hour, Reuters said.
The deployment of the $1 billion deepwater rig last year about 120 nautical miles off Vietnam's coast, in what Vietnam considers its exclusive economic zone (EEZ), led to the worst breakdown in relations since a brief border war in 1979.
Rigs were added in formations including the Williston Basin, where three were brought online and the Granite Wash, where one was added. Two rigs were removed in the Permian Basin, which has seen a pick-up in recent weeks.
Warro Field is 200 kilometers north of Perth and 30 kilometers from the Dampier Bunbury Natural Gas and Parmelia pipelines. Wells could cost $30 million to $40 million.
Total, an operator of the offshore Han Asparuh 1-21 block along with OMV and Spain's Repsol, had postponed drilling there due to the fall in oil prices, Reuters said.
The worldwide rig count for July 2015 was 2,167, up 31 from the 2,136 counted in June 2015, and down 1,441 from the 3,608 counted in July 2014, Baker Hughes Inc. (NYSE:BHI) said in a news release.
Where ACTIVATE has been used, operators see about an 80% increase in EUR per well and a 66% reduction in cost per barrel of oil equivalent from refracked wells verus new wells, Halliburton said in a news release.
For about US$523 million, Maersk Drilling extended contract with BP to operate NA Heydar Aliyev drilling rig in Shah Deniz natural gas field in the Caspian Sea until May 2021.
Draft regulations allow hydraulic fracturing below 1,200m in protected areas, including national parks and groundwater, Reuters said. Local politicians rejected two projects that could have been first shale gas-producing wells.
Fennica is one of two ice management vessels in Shell's nearly-30 ship fleet for Chukchi Sea, Reuters said. It contains the capping stack to contain a blown-out undersea well.
The Netherlands will ban shale gas drilling for five years and not renew existing exploration licenses due to environmental concerns, Reuters said. The country seeks alternative energy sources.