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U.S. oil company Chevron Corp. (NYSE: CVX) on Feb. 19 said it had resumed drilling operations in the Kurdistan region of Iraq (KRI).
Drillers added seven oil rigs in the week to Feb. 16, bringing the total count up to 798, the highest level since April 2015, Baker Hughes, a GE company, said in its weekly report.
Strike Energy is in the hunt for a gas prize estimated at up to 11 trillion cubic feet.
Budget deal triples the tax credit for injecting carbon dioxide to bolster crude output.
The U.S. rig count, an early indicator of future output, is much higher than a year ago when 591 rigs were active as energy companies have continued to boost spending since mid-2016 when crude prices began recovering from a two-year crash.
The U.K.-based research firm said 70% of the fields it studied, which had limited appraisal, were not performing according to the operator’s development plan.
Faroe Petroleum Plc said Feb. 5 it has commenced the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A & 4S in the Norwegian North Sea (Faroe 28.3%).
Bowleven Plc said Feb. 1 it has hit a key milestone in the appraisal drilling campaign of its Etinde asset, in which the company holds a 25% offshore interest.
Statoil (NYSE: STO) has contracted the West Hercules semisubmersible rig for its drilling campaign in the Barents Sea, the company said on Feb. 1.
Digital solution reduces downtime and cost while improving productivity for offshore drilling operations.
A drilling fluid system combines chemistry, software and logistics to deliver solutions for challenging deepwater wells.
Formate fluids help slow pressure transmission in the wellbore.