Combining real-time downhole intelligence, coiled tubing strength and flexibility, and continuous electrical power benefits fishing, milling, cleanouts, perforating and other operations.
The company is gearing up to roll out its “rig of the future” next year as its Cameron Group looks for further subsea tieback growth opportunities.
Tight oil ‘have nots’ need a structural reduction on pre-FID costs to maintain their conventional portfolios.
The latest data from the U.S. Energy Information Administration shows the number of drilled but uncompleted wells is falling.
Activities assessed in the draft rules include deep-penetration and high-resolution seismic, electromagnetic, magnetic, gravity and remote-sensing surveys as well as geological and geochemical sampling.
Better insight, including on calcite and ash bed layers, could lead to better frack designs, greater stimulation and ultimately, more production.
The technology uses an industry standard downhole data logger to collect data from which measurements are made and fracture locations pinpointed.
The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’
At Hart Energy’s DUG Rockies conference, technology panelists said drilled but uncompleted wells are an appetizing prospect for producers in trying times.
Drilled but uncompleted wells in the U.S. provide an opportunity to examine new shale drilling and completion technology.
Hibernia Management and Development Company Ltd. (HMDC) has awarded Wood Group a five-year contract to provide engineering, procurement, construction and maintenance services to the Hibernia platform offshore Newfoundland.
Brazil's Petrobras and France's Total SA agreed on Oct. 24 to study opportunities for joint developments in E&P of oil and gas both in Brazil and abroad, Petrobras said in a statement.
Ali Kardor, NIOC’s managing director, said oil companies will be able to bid for a contract to develop the South Azadegan oil field as early as November 19, Reuters reported.
Most recently, Global Maritime disconnected and towed the Njord A semisubmersible floating production platform from the Njord Field to an onshore maintenance facility.
Robert S. Ellsworth Jr., interim CEO of Niko, said that the company plans to ultimately monetize these assets.
The benefits of modern network connectivity in the field make for a better, safer and more productive operation.
New technologies are increasing the industry’s situational awareness of cybersecurity threats, experts tell the crowd at DUG Permian Basin.
A Silicon Valley-based deep learning, artificial intelligence company is using artificial neural networks to help find oil and gas using geoseismic data.
Opportunities for further efficiency gains are abundant with technology, but a company has singled out a few technologies that it believes will shape the oil and gas industry’s future.
Although strides have been made in cybersecurity, the potential for more cyberattacks exists. A consulting firm gives advice.
David G. Gallagher said that trademarked Gilsonite is a naturally occurring asphaltite that binds and strengthens as an additive for drilling fluids and cementing.
Ely's world-class reservoir stimulation and completion consulting services will be packaged with Flotek’s CnF customized completion chemistries for clients that purchased CnF chemistries directly through The Flotek Store.
JetStream was recently used in a 6.5-in. intermediate section in the North Sea that was drilled to 10,446 ft total depth through soft, porous limestone.
GCDT fits fully into Prysmian’s expansion strategy in subsea umbilicals, risers and flowlines and complements its product range. The portfolio of protectors will be enhanced, the company added.
The technology provides internal alternate flow paths, called shunt tubes, in the downhole tool to gravel pack the producing sections of a well, ExxonMobil Upstream Research Co. said in a news release
With oil prices expected to continue rising in 2017 and 2018 amid a forecast tightening of the supply-demand balance, analysts said energy firms will boost spending on drilling, Reuters reported.
Drillers added four oil rigs in the week to Oct. 14, bringing the count up to 432, the most since February, but still below 595 rigs a year ago, according to energy services firm Baker Hughes Inc. (NYSE: BHI).
The work, the first project under a recently signed multiuse agreement between the two companies, is expected to cut Suncor’s well pad facilities costs to about C$2 million per well pair from more than C$4 million to C$9 million per well pair, the release said.
The Subsea Services Alliance, a collaboration between Helix Energy Solutions Group Inc. (NYSE: HLX) and Schlumberger (NYSE: SLB), have launched development of the first riserless open-water abandonment module (ROAM).
Platform surveillance, subsea surveys and inspection of subsea flowlines are among the potential uses for drones in the E&P space.
Baker Hughes, which in May abandoned a merger with closest rival Halliburton due to opposition from antitrust regulators, said total costs and expenses fell 31.2% in the third quarter ended Sept. 30.
The Avengers, which declared the break in hostilities to pursue talks with the government, said on its website that the group "took down Chevron Escravos export pipeline at Escravos offshore" at around 3:45 a.m. (4:45 GMT).
The helicopter was carrying employees of a contractor from oil major Rosneft’s Suzun oil field, part of the Vankor deposit, Russia’s northernmost onshore oil production project.
Slow economic growth, particularly in the oil and gas business, weighed on revenue. Organic revenue, which excludes growth from acquisitions, grew 1% in the third quarter, Reuters reported.
The acquisition, which is subject to approval by Brazilian competition authorities, is expected to close by the end of first-quarter 2017, Aker said in a news release. The purchase price was not disclosed.
Rupert Bondy joined BP in 2008. After he leaves BP at the end of 2016, he will become senior vice president, general counsel and company secretary of health and home products manufacturer Reckitt Benckiser, Reuters reported.
Kurdish Peshmerga fighters took control of Kirkuk in 2014, after the Iraqi army withdrew from the region, fleeing an Islamic State advance through northern and western Iraq. The hardline group also controls part of neighboring Syria.
The strike comes after a disputed Aug. 27 presidential election, which was narrowly won by President Ali Bongo, but which opposition leader Jean Ping said was rigged, Reuters reported.
Eni and Mozambique should, by the end of 2016, reach a final investment decision on a project to build a floating offshore platform with capacity to produce 3.3 million tonnes per year of LNG from gas in the Coral South Field.
Nobody was injured in the incidents. Production at Gullfaks A restarted late on Oct. 16, Statoil said. It was unclear when production at Statfjord A would resume, Reuters reported.
Petrobras bought the rights, known in Portuguese as the "Cessão Onerosa," for more than $50 billion as part of a more than $70 billion stock sale in 2010, Reuters reported.
Another FMC Technologies department also failed to properly account for employee paid time off in 2012, the SEC said. The company also improperly accounted for interest income associated with certain large loans made within the company that year, Reuters reported.
Norway, which already produces oil and gas from offshore Arctic fields, aims to cut emissions by at least 40% below 1990 levels by 2030 under the Paris Agreement, Reuters reported.
According to the report, the public and private sector funds would be up from an estimated $62 billion in 2014 and $52 billion in 2013, Reuters said.
President Michel Temer's administration has taken actions including removing a requirement that Petrobras be the sole operator of vast offshore reserves in the costly subsalt layer, Reuters reported.