Drilling & production

The new location will also offer a hub facility for the company’s expanded field service and parts stocking capabilities in the region.

Borets, a leader in the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, has successfully installed its 250th permanent magnet motor (PMM) ESP system in the US.

The well is being completed as a producer in the Vivian formation in the northern portion of the Bretaña structure.

The two companies completed a multi-phased study addressing the challenges associated with produced water in the Permian Basin.

Well-Safe Solutions has announced that it has agreed to acquire the Ocean Guardian semi-submersible drilling unit.

The company has been awarded a contract by Lundin Norway to deliver early well construction, via its Well Start solution, on three additional wells in the Edvard Grieg field.

The company has announced the successful completion of drilling operations of the extended reach well, EA-H3.

The company has been awarded new contracts in offshore drilling in Norway and Middle East totalling over US$200 million.

TDC 1972 ‘strongest competitor’ in mid-size rig market.

New service capabilities and deepwater technologies help customers outperform expectations.

ReStream’s technology monitors, analyses, and reports on-site frac fluid chemistry, rheology, and physical parameters into and out of the blender.

As oil prices approach US$70/bbl, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be replaced by a need for additional production cuts by Russia and the cartel of oil producing countries, OPEC.

The transaction increases Pin Oak Energy’s acreage position across the Appalachian Basin to 167 000 net deep acres.

Wildcat well 36/1-3, about 15 km east of the 35/3-2 (Agat) gas discovery, was found to be dry and has now been permanently plugged and abandoned.

The concession covers the Puesto Rojas block in Mendoza province, Argentina.