The company said it is well positioned in northern Australia to develop brownfields.
Power oxidation process turns ‘waste gases’ into clean, usable energy.
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.
The transaction will expand Schlumberger’s revenue base by more than 20%, Paal Kibsgaard, the company’s CEO and chairman, said in a press call. Schlumberger expects cost synergies of $900 million over two years.
Cobalt International made huge discoveries in a seven-year period offshore Angola but cedes interest after a federal investigation, low oil prices and uncertainty for all oil producers.
Refracking has been met with enthusiasm—especially when it works—and skepticism, but in order to move forward, the industry needs a large-scale refracking program and more investment IHS says.
Understanding drainage volume and improved permeability of stimulated rock is essential to forecasting production, according to MicroSeismic Inc.
This latest patented invention relates to fluid treatment and, more particularly, to an improved treatment apparatus for destroying aerobic and anaerobic bacteria in fluids used in oil and gas recovery and conditioning of said fluid for reuse, Ecosphere said in the release.
A process called forward-osmosis is applied to clean water used in hydraulic fracturing.
Energy Information Administration estimates Mexico has more than 60 billion barrels of shale resources. This would provide more than 35 years of Mexican oil supply at current U.S. production levels.
The contract includes the building of the central processing facility plus two connecting bridges, wellhead platform and utilities, and living quarters platform topsides for the Culzean Field HP/HT gas condensate development, Sembcorp Marine said in a news release.
Work on the contract, which is for brownfield work in various fields offshore Saudi Arabia, is expected to be executed through the second quarter of 2018.
A state oil firm loyal to Libya's official government invited foreign oil firms to discuss existing oil purchase contracts at September conference in Dubai, according to a statement, Reuters reported.
Pacific Exploration and Production Corp., formerly Pacific Rubiales Energy Corp., received a two-year service contract to develop oil Block 192 from state-owned Perupetro, Reuters said.
For the oil and gas sector, this could mean making drilling adjustments on the spot. It could also mean collecting data from various sources, analyzing it and using that knowledge to grow production and revenue.
For the oil and gas sector the threat remains, but the methods are the same, experts say.
The industry can benefit quickly by approaching Big Data from the place of maximizing value by minimizing complexity.
Using technology to generate, process and analyze data can lead to improved operations.
With big data and predictive analytics, operators can use production surveillance, comparing predictions to new actuals to determine how a particular oil or gas asset is performing. In response, adjustments can be made to improve production and overall operations.
Vorpal's Drill2Frac helps optimize fracturing operations through the optimal placement of perforation clusters. Enventure’s expandable ESeal Refrac Liner provides mechanical zonal isolation of existing perforations.
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.
Etienne Roux, vice president of drilling services, said Revolution has drilled 284 vertical-curve lateral wells in a single run in the last year and half. This totals 2.4 million feet.
Manufacturing and engineering firms see the first green shoots of activity improvement as the industry retools for the future.
The TAM FastSwell technology utilizes a proprietary process that alters the geometric design of the elastomer to provide ultra-fast, but predictable and controlled swell rates for challenging downhole conditions.
The business includes the LETOURNEAU jackup rig designs, rig kit business and aftermarket services, Keppel Offshore & Marine said in a news release.
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.
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.
Drillers added two oil rigs in the week ended Aug. 14, bringing the total count up to 672, the highest since early May, oil services company Baker Hughes Inc. said.
Prosafe said the contract, which begins in first-quarter 2017 with a firm period commitment of three years, will be the first for the Safe Eurus, a vessel designed and built to service the Brazilian market.
Penn West, which has reserves across Canada, lowered its 2015 capex forecast to CA$500 million. It has sold assets to reduce debt, according to a statement, Reuters reported.
Maurel & Prom said deal, due to be completed in December, would add Nigeria to its Gabon and Tanzania operations, giving it presence in three key sub-Saharan producers, Reuters said.
IKM will retain Oceaneering’s employees, technology, contracts and equipment fleet, according to a news release.
AGR Tracs is partner for subsurface; Petrofac company SPD is partner for wells; Wood Group is partner for facilities; Subsea7 is partner for subsea and Proserv is partner for hardware.
Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference, according to state news agency Shana, Reuters said.
Brazil's largest oil-workers' union plans an open-ended strike protesting about 40% of cuts in investments by Petrobras and the planned sale of about US$15.1 billion of assets, Reuters said.
ConocoPhillips spokesman Rob Evans said the 400 employees were about 15% of the company's workforce in Canada and also said the cuts will take effect in mid-October, Reuters said.
Witnesses said a car bomb caused severe damage to first floor of headquarters of Mellitah, an oil and gas joint venture between Italy's Eni and Libya’s state-owned NOC, Reuters reported.
Prior to joining NOV, Bayardo served as senior vice president, resource and business development at Continental Resources Inc.
Royce G. Binnion Jr. was sentenced to five years in prison and fined $10,000 by a Harris County jury in a Houston court. He stole more than $1 million from NOV between 2008 and 2011.
The European Commission said the transaction would not grant Shell market power in oil and gas exploration, the liquefaction of gas and the wholesale supply of liquefied natural gas.
Lukoil, Russia's No. 2 oil producer, is switching its strategy to scale down geological exploration abroad, the company's vice president Leonid Fedun told a conference call, Reuters said.
ExTek AS is Norway’s only oil, gas industry core competency training center using globally recognized CompEx Scheme. Seagull aims to be complete provider of training solutions, said its managing director.
Maersk Oil has asked for permission to shut its Janice installation, which produces around 7,000 barrels per day from three U.K. North Sea oil fields.
The next round will be awarded on Sept. 30, and involves five production-sharing contracts covering nine shallow water oil fields along the southern edge of the Gulf of Mexico.