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Australia-based, but Alaska-focused 88 Energy was Australian Stock Index star as the country’s oil and gas sector climbed out of a very deep hole.
Less product results in greater depth than the competition.
Aiming to boost the onshore industry, Brazil’s government wants to triple its output.
With Shell U.K. Ltd. submitting a decommissioning program for the Brent Field to the U.K. government, three concrete gravity-based platforms create major logistics problems.
The country aims to increase domestic oil and gas exploration, development and production, while reducing its reliance on imports, to meet growing demand.
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.
The subsea development, located offshore India, involves completion of 11 oil and gas wells that are either at an infield location or an extension of existing fields, including marginal pools which will be connected to the nearest host facility, in water depths up to 100 m (328 ft), JDR said Feb. 15.
The judgement follows a July 2015 award confirming the claimants’ long-term contractual rights and a November 2015 judgement awarding them $1.96 billion for outstanding unpaid invoices, Dana said, Reuters reported.
Operations are scheduled to start in second-quarter 2017 offshore Gabon utilizing a multipurpose supply vessel from the Bourbon Evolution 800 series, the release said. ROV services and a platform supply vessel, provided by Bourbon, will also support survey and air diving operations for spool and riser installation.
The Geoholm vessel will be required to provide ROV and light construction support services to TechnipFMC in Australia for the Prelude FLNG water intake riser installation, a news release said.
Tudor, Pickering, Holt & Co. energy research said it views the award as positive for Oceaneering as activity in the offshore rig market continues to trend meaningfully lower.
Lower commodity prices have not stopped oil and gas companies’ efforts to guard against cyberattacks.
The FRACGAS II JIP continues the development of the Elfen tight gas reservoirs (tgs) software suite pioneered by Rockfield, a geomechanics software solutions developer. The research aims to enhance finite element (FE) based modeling technology and microseismic methodology, the release said.
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.
Halliburton said it collaborated with customers to design the Dash Large Bore, which can isolate the lower landing string in six seconds or less, disconnect from the lower landing string in ten seconds or less, and provide downhole data.
Andrew F. J. Gould and James W. (Bill) Stewart were appointed to the board of directors at BJ Services, and Evelyn M. Angelle joined as executive vice president and CFO, the company said Jan. 19.
Combining real-time downhole intelligence, coiled tubing strength and flexibility, and continuous electrical power benefits fishing, milling, cleanouts, perforating and other operations.
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.
Jacek Kacperski, ProSep sales manager for Europe, said the Eclipse mixer has been used before for hydrogen sulfide scavenging on the Norwegian Continental Shelf.
Since crude prices first topped $50 a barrel in May after recovering from 13-year lows last February, drillers have added a total of 275 oil rigs in 33 of the past 37 weeks, the biggest recovery in rigs since a global oil glut crushed the market over two years starting in mid-2014.
The company said it was able to increase pricing on the spot market for most of its fleet.
Shell will start the program this year by removing the 24,200-tonne topside of the Brent Delta Platform, a process which was already approved two years ago following Delta's cessation of production in 2011, Reuters reported.
The sector has benefited from OPEC’s production cut, analysts say, but declining demand remains.
Encana has also narrowed operations to focus on four core North American plays: the Montney and Duvernay in Western Canada, and the Eagle Ford Shale and Permian in the U.S.
The expansion will allow the Ormen Lange Field in the Norwegian Sea to increase production by 25 billion standard cubic meters of gas.
Marc Benayoun, CEO of Italian energy group Edison, which is exploring areas near the Zohr Field, said on Feb. 14 he was confident more gas would be discovered, Reuters reported.
Eight key oil and gas industry players have formed a collaborative partnership to promote investment in and early adoption of innovative plugging and abandonment (P&A) technology.
Lundin Petroleum AB plans to spin off its assets from outside of Norway into a separately listed company and will distribute shares in the new firm to existing investors.
The SISPOO union had been demanding that CNR integrate contract employees hired via third-party companies into its workforce, Reuters reported.
The planned succession will be effective after Oceaneering's annual shareholder meeting on May 5, the company said.
Canadian Natural Resources produces about 70 million cubic feet per day of natural gas in Ivory Coast, and between 40,000 barrels per day (Mbbl/d) and 45 Mbbl/d of crude oil, supporting gas-fired power plants and exports, respectively, Reuters reported.
"I think you're bringing on someone like Simon Henry who's got a wealth of experience across the [oil and gas] space," Jamie Campbell, head of natural resources at Panmure Gordon, said. "But I just can't see Rio going from zero to 100 in the energy sector in this environment."
Claire S. Farley is currently the vice chair of energy, advising KKR & Co. LP's energy group, and she is a director of LyondellBasell Industries NV and TechnipFMC Plc.
EPA staff have been told that President Donald Trump is preparing a handful of executive orders to reshape the agency, to be signed, sources told Reuters on Feb. 15.
The inquiry is investigating whether the $1.3 billion purchase of OPL 245 involved "acts of conspiracy, bribery, official corruption and money laundering," according to court papers seen in January, Reuters reported.
Timothy J. Cutt, CEO, said that Houston-based Cobalt “has been and is firmly committed to conducting its operations in compliance with all applicable laws and regulations, including the FCPA.”
A World Bank panel has ordered Ecuador to pay $380 million in damages to a subsidiary of ConocoPhillips for unlawfully expropriating the company's oil investments.
The Italian probe is one of several threads of inquiry underway into the acquisition of OPL-245, including current cases in Holland and Nigeria, Reuters reported.