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Acreage in the Louisiana Austin Chalk and Anadarko Basin’s Oswego Formation were among the prospects presented during Summer NAPE.
‘Onshore drilling just has better economics currently [and] cycle times also play a key role in offshore projects versus onshore drilling,’ said Sarp Ozkan, DrillingInfo’s director of energy analysis.
Although digital technology plays a significant part in Total’s North Sea strategy, there is more to the company’s future developments than digitization.
Pipeline constraints are pushing the number of drilled but uncompleted wells higher in the Permian Basin.
During a recent tour of West Virginia University’s PPAL lab revealed research into determining permeability, pore volume, reservoir conditions, adsorption and pore structure characterization.
Big data is likely to have the biggest impact on completions including the use of high-resolution data.
The cost of safely removing offshore assets from service has given rise to investment in decommissioning technologies.
New completion software provides operators with more valuable, faster business decisions in a digital world.
A system has been developed to deliver cost savings by removing the need for cutting and pulling a casing when removing annular fluid.
As digital innovations take hold, the oil and gas industry is undergoing an evolution of its workforce.
Eni (NYSE: E) said Aug. 14 that a new concession agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities.
The E-ROV system is expected to be deployed in water depths up to 1000 m (3,280 ft) on the Norwegian Continental Shelf.
The operator exercised an option in the riser platform hook-up contract awarded in January 2017 for Aker Solutions to perform hook-up and commissioning assistance of the field’s utility and living quarter platform, according to a news release.
Wood has been awarded a contract by Woodside on Aug. 9 to support the execution of concept definition for the proposed Scarborough upstream development, offshore Western Australia.
Savannah Petroleum’s subsidiary Savannah Niger has signed a legally binding memorandum of understanding (MOU) with the Republic of Niger, the company said on Aug. 8.
Machine learning and AI are enabling the discovery of new solutions to help make the petroleum industry safer and more competitive.
Greater adoption and effective use of enhanced digitalization in the rig inspection and audit market are delivering benefits and reducing risk.
Digital proponents promote industrywide adoption of digital technologies.
Operating oil and gas sites at a distance is attractive for producers due to the potential safety and cost benefits.
Digital technology opens new possibilities that could transform the future of multiphase flow measurement applications.
As in-basin sand use grows in the Permian Basin, the race is on to deliver sand quickly and efficiently.
A compact, powerful motor extends ESP applicability in marginal wells.
The combination of directional drilling and MWD technologies made horizontal drilling more manageable and wells more productive.
An enhanced slurry performance can lead to optimized services.
Models and downhole sensors help measure the debris removal effectiveness of the instrumented wireline intervention service.
Drillers added 10 oil rigs in the week to Aug. 10, bringing the total count to 869, the highest level since March 2015, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
Drillers cut two oil rigs in the week to Aug. 3, bringing the total count down to 859, Baker Hughes, a GE company, said in its weekly report.
A new sliding sleeve fracturing tool addresses limitations of single-point entry systems.
Improvements began with building reliability and performance into pressure pumping systems.
Drillers cut four oil rigs in the week to June 29, bringing the total count down to 858, Baker Hughes, a GE company said in its weekly report. That was the first time drillers cut rigs for two weeks in a row since October 2017.
The union is against plans to switch to a rota requiring workers to stay offshore for three weeks at a time.
Shortly after launching a new project in Angola, French oil major Total said it was searching for more resources in Africa, including in Senegal and Mauritania.
Safeguards considered a blow to country’s oil industry.
Oil service firm Archer will hire more people in Norway amid rising demand, the Oslo-listed company said on Aug. 14.
Faroe Petroleum has farmed into the U.K. Continental Shelf (UKCS) Agar Plantain exploration and appraisal well close to the U.K./Norwegian median line, operated by Azinor Catalyst Ltd., the company said Aug. 14.
Amanda M. McMillian has been named executive vice president and general counsel, effective immediately, for Anadarko Petroleum Corp., the company said in a news release.
Fairfield-Maxwell Ltd. has named Charles (Chuck) Davison Jr. as the chairman of the board of its wholly owned subsidiary, Fairfield Geotechnologies, the company said Aug. 14.
As a result, W&T Offshore appointed Janet Yang, currently vice president of corporate and business development of the Houston-based E&P, as acting CFO.
More discussions could be held this week although nothing had been fixed, Wullie Wallace, regional officer for the Unite union, told Reuters. The workers are striking over proposed changes to their working rotas and pay.
Ghana’s President Nana Akufo-Addo replaced his sacked energy minister on Aug. 9 in a reshuffle that still maintained the West African country's high number of ministers—110 in total.
The creation of a National Agency of Petroleum and Gas to manage and sell oil blocks reduces the near total grip state energy firm Sonangol has over the sector.
Oil prices steadied on Aug. 10 as concerns that a global trade dispute will slow economic growth and demand for fuel were balanced by U.S. sanctions against Iran that look set to tighten supply.
Brent crude futures were up 19 cents at $72.47 barrel by 8:15 CST, after having lost more than 3% on Aug. 8. U.S. crude futures rose 6 cents to $67.00 a barrel, having closed down 3.2% the day before.
Protesters demanding more security in Turkana began blocking trucks carrying oil from Tullow’s fields in July.
Cabinet spokeswoman Ana Comoana said the companies could now go ahead with mining operations to tap offshore oil reserves that experts say are enough to supply energy to Britain, France, Germany and Italy for over 20 years.