The lease sale generated just more than $18 million in bids.
Norway’s oil and gas era kicked off more than 50 years ago, but recent corporate activity demonstrates that plenty of life and potential remain in this mature province.
Nontoxic paraffin removal agent helps return flow to a GoM pipeline slated for abandonment.
E&P companies are spending about 80% of their capital to keep the proved and developed reserve share flat, according to Deloitte.
Analysts’ report describes massive amount of maturing, expiring debt facing oilfield services sector.
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.
Researchers at Rice’s Integrated Systems and Circuits lab tap sensing and wireless communications expertise to develop a new generation of microchips for oil and gas applications downhole.
GE said the SG5 wellheads will be used for the operator’s shallow- and medium-water drilling campaign offshore India. The first wellhead will be supplied in fourth-quarter 2016.
The contract extends Wood Group’s support of SABIC’s operations globally, according to an Aug. 18 press release.
As part of the contract, Wood Group said its independent Automation & Control business will provide optimal integrated process and safety solutions to TCO.
The company will supply two 200hp FCV 4000D work-class ROV systems and subsea tooling, which are installed on the Maersk Venturer drillship, and a field support vessel.
PJ Valves (PJV) has landed more than £1 million (US $1.3 million) worth of contracts to supply more than 1,000 valves for Maersk Oil’s Culzean gas field in the U.K. North Sea, PJV said in a news release.
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.
"This power will help us to improve our performance and to reduce our costs," said Arnaud Breuillac, Total's E&P president. "In the era of big data, state-of-the-art data-intensive computing is a competitive advantage."
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
The offshore drilling contractor said a provisional commitment for the two-year extension was signed during second-quarter 2015 and the day rate for the remaining term of the initial contract was reduced. Seadrill said the extended contract was finalized during first-quarter 2016.
Profits at Maersk Drilling, a unit of shipping and oil group A.P. Moller-Maersk, fell by 25% to $164 million in the second quarter from a year earlier as major oil firms cut or postponed exploration projects as a result of the low oil prices.
The North American rig count grew by 21 rigs this week, boosting the count to 607.
In all, the number of rigs pumping in North America ended the week at 586, up four from last week.
Diamond Offshore took a $612 million write-down for eight offshore rigs in the second quarter, Reuters reported.
The acquisition strengthens Blackeagle's existing Texas operations and puts the company at 'the epicenter of the nation's largest oil producing region.'
Oil flow had stopped in March because of a dispute over the control of the Kurdish oil resources, Reuters said.
Earlier this month, KNOC said it was in talks to pull out of an oil project in Kazakhstan after discovering less oil than expected, Reuters reported.
Headquartered in Norway, LMG is a ship design and engineering house with experience building floating structures, platforms and ships such as drillships, FPSO vessels, floating storage and offloading vessels, offshore support vessels, LNG carriers and LNG-powered ships.
During the week of Aug. 15, U.S. drillers added oil rigs for an eighth consecutive week, the longest recovery streak in the rig count in over two years, Reuters reported.
Sound Energy also said it plans to appoint a vice president of business development.
Darrell Hollek has become executive vice president of operations; he was formerly the executive vice president for U.S. onshore E&P.
Sult's departure, which will follow an appropriate transition period, is not related to any disagreement with Marathon regarding financial disclosures, accounting or business matters, the release said.
Protesters blocked the gate to offices of U.S. oil company Chevron in Nigeria’s Niger Delta on Aug. 15, widening a week-long demonstration to demand jobs and housing, a protest organizer and a community leader said.
Populist Andres Manuel Lopez Obrador would require Pemex take minimum stakes in all future oil contracts, and may also revoke two dozen contracts already signed with oil companies, Reuters reported.
According to a recent Canadian federal government memo,the federal government is responsible for making the payments, but receives no money from the oil activity, with the province taking all royalties, Reuters reported.
Iran has been boosting output after the lifting of sanctions and has refused to join a previous attempt this year by OPEC plus non-members such as Russia to stabilize production, and talks collapsed in April.
The EPA said it was concerned about seismic activity in the Dallas-Fort Worth area because of its potential to affect underground sources of drinking water, Reuters reported.
The 2017 auctions will follow three auctions that began last year covering both shallow-water and onshore blocks.
A prominent Texas lawyer was among five defendants found not guilty of charges related to an alleged scheme to defraud a program set up by BP to compensate people who suffered economic losses from the spill.