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As the downturn recedes, managing the workforce is once again top of mind for managers and executives.
The engineering contracts follow two others awarded earlier this month for U.S. Gulf of Mexico development.
The French oil major looks to strengthen its portfolio with the Iara and Lapa fields.
Beach Energy, Santos, Strike and Senex have been named recipients of AU$24 million in grants from the South Australian government.
Successfully navigating an abundance of data to decipher what impacts production could set the winners apart from the losers.
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.
KrisEnergy hopes to begin initially producing about 8,000 barrels per day (Mbbl/d) of low-sulfur oil early next decade. But it first needs to find a partner to back the development, which is estimated at below $200 million, Reuters reported.
Eni and Total are in a consortium for one of the blocks and ExxonMobil and Qatar Petroleum have joined up for another. Eni will be on its own in a third block. The blocks were offered in the third licensing round held by Cyprus, Reuters reported.
The scope of the contract, valued at $245 million, includes one new process platform with gas processing and compression facilities, three new wellhead platforms, a 32-km pipeline, clamp-on on three existing platforms and modification work on eight existing platforms in the Neelam Field offshore India, the release said.
The engineering contracts, one for detailed engineering and procurement services and one for subsea engineering and project management services, were awarded by Samsung Heavy Industries and BP.
McDermott International said March 8 it would build a fabrication yard at a shipbuilding complex planned by national oil giant Saudi Aramco on the kingdom's east coast.
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.
Fredriksen's private investment vehicle Seatankers bought the new West Mira rig from the Hyundai Samho Heavy Industries Shipyard for an undisclosed sum just one week ago, Reuters reported.
Drillers added 14 oil rigs in the week to March 17, bringing the total count up to 631, the most since September 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said March 17. During the same week a year ago, there were 387 active oil rigs.
The Pacific Bora, a sixth-generational double-hulled drillship, is currently in Nigeria. It should be mobilized to the Oyo Field and on site in June, and can be used for drilling and well completion, the press release said.
The companies are part of a Wood Group-led joint industry project launched to eradicate the degradation of subsea equipment in shallow, warm waters offshore Australia.
FSI and Frac Shack America operate a fleet of specialized automated refueling units for frack operations which utilize their patented Frac Shack technology.
The facility features a 1,600-sq m (17,222-sq ft) indoor test area capable of simultaneously testing three subsea trees and 4,000 sq m (43,056 sq ft) of indoor and outdoor storage.
Subsea cables and umbilicals supplier JDR has teamed up with Proserv Instrumentation Nigeria Ltd. to offer combined subsea solutions and local content support for the West African market, according to a news release.
EnQuest is targeting unit operating costs in the low $20s per barrel (bbl) once Kraken is onstream. It brought costs down 17% in 2016 to $24.60/bbl, Reuters reported.
Eni, the biggest foreign investor in oil and gas in Algeria, held a board meeting at the Bir Rebaa North (BRN) oil field in southeast Algeria on March 17, which it said was a way of showing its commitment to its partnership with Sonatrach.
Norway's oil and energy ministry must approve the new ownership structure and set gas transportation tariffs that will ultimately impact the profitability of the pipelines and processing system, Reuters reported.
Will Monteleone began his career with Bank of America, and then worked for Equity Group Investments, which continues to be a major shareholder of Par Pacific.
Keppel Corp. Ltd. said March 20 that Chow Yew Yuen will step down as CEO after 36 years with the Singapore-based company.
Prior to joining Polarcus in 2009, Duncan Eley worked for a global strategy consultancy firm across the energy, transport and natural resources sectors.
Algerian state energy firm Sonatrach has replaced CEO Amine Mazouzi after less than two years on the job, naming Abdelmoumen Ould Kadour to replace him, the energy ministry said in a statement March 20.
Duncan Livingstone and David Stewart joined the technical support division of plug and abandonment provider Ardyne from Schlumberger, a press release said March 16.
Australia's deputy prime minister said he would support lifting bans on coal seam gas (CSG) drilling if landowners were given a bigger slice of royalties, a significant policy shift as the country scrambles to avoid a looming energy crisis.
The Nigerian court case is the latest of several inquiries, following those by Dutch and Italian authorities, into the purchase of OPL 245, which could hold up to 9.23 billion barrels of oil, according to industry figures, Reuters reported.
Brazil’s federal audit court TCU on March 15 allowed Petrobras to proceed with its divestment program, but required the company to restart the processes in all but two projects.
Lawmakers voted 414-180 to reject the non-binding motion calling for the European Commission and member states to work with international forums towards "a future total ban on the extraction of Arctic oil and gas."
The proposal would eliminate 3,200 EPA employees, or 19% of the current workforce, and effectively erase former President Barack Obama’s initiatives to combat climate change by cutting funding for the agency’s signature Clean Power Plan aimed at reducing CO2 emissions.