Harold Hamm, who endorsed Trump in April and spoke at the Republic National Convention on July 20, shrugged at the notion.
Pre-downturn sanctioned projects are expected to grow offshore production next year, but the cancellation of pre-FID projects could create a ‘supply crunch’ later, report says.
The country is offering 67 discovered small fields in 46 contract areas, including 26 onshore, 18 shallow-water and two deepwater areas.
E&Ps have nearly doubled spending reductions, from 22% in January for U.S. spending to 43% at midyear.
Of the 13 MMbbl/d of new supply that could come from tight oil and conventional projects by 2025, 9 MMbbl/d is commercial at $60 oil, according to an energy consulting firm.
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.
The report is the first of several analyses of the additive’s performance in three core basins, with this one focusing on the Greater Wattenberg area of Colorado’s Denver Julesburg Basin.
The license allows Baker Hughes to produce and deploy Alternate Path technology and gravel packing services for ExxonMobil affiliates worldwide and also for projects in which the company has an interest.
ADC, a rig inspection consultancy based in Scotland, will provide support in more than 14 countries worldwide, the release said.
After securing a contract from Oil and Natural Gas Corp. (ONGC), Fugro said it will begin geotechnical investigations in the KG-DWN-98/2 Block offshore India in third-quarter 2016.
OneSubsea will supply a subsea production system and a dual multiphase boosting system for the Greater Enfield Project offshore northwest Australia, according to a news release.
Repsol Sinopec Resources UK has awarded Amec Foster Wheeler two three-year contracts, with up to two one-year extensions, for engineering, maintenance and construction labor services.
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
Canadian drillers added more than a dozen rigs this week, helping to push the North American rig count up by 21 to end the week at 542, according to the latest report from Baker Hughes Inc. (NYSE: BHI). The oil and gas rig counts in Canada each grew by seven to 44 and 50, respectively.
Capping stack systems currently available are extremely difficult to deploy due to their size and weight, Halliburton said in a July 11 press release.
The latest report from Baker Hughes Inc. shows the North American rig count jumped by 14 this week.
VAALCO Energy, Inc. announced that it has executed an agreement with Transocean Ltd. regarding the remaining contract term associated with the Constellation II rig.
There are signs the bottom is at hand, which is the first step in recovery.
Precision Drilling said its contract backlog rose by one rig in 2016 and that it added four rigs on average under contract for 2017. The company's revenue more than halved to about C$164 million in the second quarter ended June 30.
The move could lead ExxonMobil and Total to tie together their competing gas interests in the South Pacific nation, cooperating to reduce costs as they battle cheap oil and LNG prices.
Up to 4 million of horsepower, representing about a fifth of peak capacity has been permanently removed from the market, Halliburton's Miller said on the call.
The rig count in North America has improved by 26 over the last several weeks, Halliburton said on July 20."We believe the North America market has turned," CEO Lesar says.
Canadian Natural Resources is postponing its planned investment on Ivory Coast offshore blocks pending a rebound in crude prices, its general manager in the West African nation said on July 19.
Petrobras CEO Pedro Parente said he is in favor of national content requirements, but based on products that local industry is able to make competitively, Reuters said.
Muyiwa Adejobi, a spokesman for Ogun state's police, said the attack took place on the night of June 12 in the town of Ogijo, Nigeria, Reuters reported.
Jack B. Moore has a bachelor’s of business administration degree from the University of Houston, and attended Harvard Business School’s advanced management program.
Alexander Skripka has worked with Tethys management for more than six months in all aspects of the company.
Shell said it was aware of the announcement and was monitoring the situation, Reuters reported.
The industry ministry will examine whether oil firm Statoil, which is responsible for 60% of Norway's oil and gas output, misuses its dominant position over suppliers.
The areas up for grabs are located along the coasts of Veracruz, Tabasco and Campeche states, where most of Mexico's oil production occurs.
In 2015, BP reached agreements to settle outstanding federal, state and local government claims arising from the incident.
Gulf governments are being forced to consider measures such as privatizations, cuts to subsidies and other state spending, and tapping debt markets, to help bridge budget shortfalls caused by lower oil prices.
Industry groups call the rules an ‘unfortunate turn’ and say the regulations include ‘unnecessary requirements.’