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The rapid pace of technology development in the oil and gas industry ensures that all players in it are in constant pursuit of the next innovation that will deliver the next barrel and the next dollar safely and efficiently.
A new technology provides real-time information about a formation boundary at the point of transition.
A post-run analysis of data collected in the drillbit during drilling leads to improved drilling in challenging applications.
Libya's biggest oilfield, El Sharara, will remain shut until an armed group occupying the site leaves, the head of National Oil Corp (NOC) said on Jan. 29, more than a month after the field closed because of a protest.
The French major aims to drill 23 wells this year, its senior vice president for exploration, Kevin McLachlan, told Reuters, in waters off Mauritania, Senegal, Namibia, South Africa, Guyana and Brazil.
Drillers added 10 oil rigs in the week to Jan. 25, bringing the total count to 862, Baker Hughes, a GE company, said in its closely followed report.
During the incident the lower mariner riser package on the blowout preventer was unintentionally disconnected for still unknown reasons.
Active rigs in the Permian Basin, the country's biggest shale oil formation, in Texas and New Mexico, dropped by seven this week to 481, the lowest since August.
A system looks to optimize value in directional drilling by minimizing deviation from planned wellbore trajectory, minimizing tortuosity and more.
Mexican President Andres Manuel Lopez Obrador said on Jan. 15 that widespread fuel theft extended to oil drilling platforms and he pledged to take actions to alleviate shortages sparked by his crackdown on gasoline thieves.
Drillers cut four oil rigs in the week to Jan. 11, bringing the total count down to 873, Baker Hughes, a GE company, said in its closely followed report.
Canacol Energy Ltd. has provided the results of the Nelson 13 well along with the company’s drilling plans for 2019 on Jan. 8.