The benefits of modern network connectivity in the field make for a better, safer and more productive operation.
Longer laterals and debundling services are among the cost-saving and value-generating moves as E&Ps aim for higher returns amid lower commodity prices.
Evidence is increasingly emerging in Norway that its recent lean-and-mean approach is paying dividends, reducing previously prohibitive costs to economically viable levels.
While two contentious nominees vie for the presidency, and even afterward, energy will continue to make the world go ’round.
Mexico’s energy company is struggling and auctions continue to lag, particularly in unconventional areas.
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 CoAs are expected to begin in the first half of 2017 with the requirement for about two shuttle tankers.
PDVSA awarded contracts to drill wells in the Orinoco Belt, although some foreign partners are uncomfortable with the rushed tender and structural problems that could hinder the projects, according to sources close to the matter.
Arctic Securities is the financial adviser and BA-HR law firm is the legal adviser. When the transaction closes, AKOFS will gain US$66 million net of investments in the JV.
Satellite communications provider ITC Global has been awarded a three-year contract to provide broadband connectivity to the world’s largest semisubmersible drilling rig, which is commissioned for work in the Great Australian Bight, the company said in a news release.
In the Sept. 15 press release, Cobalt also said it committed to use Rowan as its exclusive drilling services provider for five years.
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 combined number of oil and gas rigs active so far this year has averaged 480 rigs, according to Baker Hughes data, Reuters reported.
A new SWD facility design creates a safer, more efficient flowback fluid disposal process.
The acquisition marks RockPile's first deal after being acquired by White Deer Energy on Sept. 8. Denver-based RockPile was a subsidiary of Triangle Petroleum, which filed for chapter 11 in June.
The Baker Hughes report showed the North American count dropped this week by four to 638, compared to 1,024 a year ago.
More than two-thirds of rigs added over the past two months were located in the Permian Basin in West Texas and eastern New Mexico, Reuters said.
Saudi Aramco outlined a plan known as In-Kingdom Total Value Add (IKTVA) in 2015 when CEO Amin Nasser said the company would spend more than $300 billion over the next 10 years, Reuters reported.
The company is among those that have formed partnerships while strengthening existing relationships with E&Ps.
Maersk said it would look for solutions for its oil and oil-related businesses, which are to be split from the main company either individually or in combination 'in the form of joint-ventures, mergers or listing.'
Losing Petrofac, whose operations supply around 13% of Tunisia's domestic gas needs, would be another financial blow to the country.
Maersk Oil said in April it would cease production at the ageing field on Oct. 1, 2018, if an economically viable solution for continued operations was not identified during 2016.
Failed mediation between Industri Energi and the Norwegian Oil and Gas Association triggered the initial strike at the Norwegian units of Schlumberger, Halliburton, Baker Hughes, Oceaneering and Oceaneering Asset Integrity, Reuters reported.
Darrick J. Evong began working as a consultant to Cordy in February 2015, working with Mullen and the board of directors.
Companies should cultivate leaders with the skills and mindset to remain strong in any business climate.
Gunmen seized 14 Nigerian employees of the state-owned company Nestoil at the beginning of September on a road between the towns of Omoku and Elele, Reuters reported.
The protesters planned to deliver a petition to stop lease sales, which they said was signed by 1 million people, to Interior Secretary Sally Jewell.
RPSEA is also pursuing new project opportunities with individual energy companies, joint industry projects, foundations and nonprofits.
The industry has the full backing of Conservative Prime Minister Theresa May, who in August said some tax proceeds from shale gas developments could be given directly to residents, Reuters reported.
Ineos has access to more than 1 million acres of land across England and Scotland containing shale gas deposits, but has yet to apply for a planning permit, Reuters reported.
Indonesia holds proven oil reserves of 3.7 Bbbl and is ranked in the top 20 oil producers globally, Reuters reported.
Production at Groningen, Europe's largest gas field, has been cut in half over the past two years due to public safety concerns, Reuters reported.