The percent of horizontal rigs in the Permian grew from 14% in January 2013 to 27% in January 2015. Now, the Permian accounts for over 42% of the active horizontal rigs in the US land market.
Postle Industries has developed a cost-saving procedure for re-application of hardbanding that promises cool tool joint internal diameters and protects the Internal Plastic Coating (IPC).
McDermott International, Inc. has announced that it has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract from BP Trinidad & Tobago, LLC (bpTT) for the Angelin gas field, located 25 miles (40 km) off the east coast of Trinidad and Tobago.
The DAV MX™ circulating sub from Churchill Drilling Tools, an oilfield service company specialising in drilling innovation, has been used to significantly cut process time and costs for two challenging deepwater cementing operations, without compromising string functionality.
Mokveld’s low shear Typhoon System has been installed on the Statoil-operated Troll C platform controlling well fluids from the Fram Vest field.
Yesterday’s announced sanction of Eni’s Mozambican Coral South FLNG project moves yet another development off Rystad Energy’s delayed FIDs tracker. So far, more delayed projects have been sanctioned to date in 2017 than during the entirety of 2016.
Royal Dutch Shell plc has announced the completion of two previously announced agreements that will see Shell sell all its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) from 60% to 10%.
The contract covers the supply of digital well products to the OGA, the UK Government industry regulator, as part of a wider tender for comprehensive subsurface databases and information sources to encourage further exploration in underexplored areas of the UKCS.
Amec Foster Wheeler has announced that it has been awarded a contract by Saudi Aramco, for facilities required as part of the integrated oil and gas expansion of the Marjan offshore and onshore oilfield in the Eastern province of Saudi Arabia.
Transocean Ltd. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately US$1.35 billion.
The PowerScrew™ liner hanger from Seminole Services utilises torsional energy from the top drive to efficiently and safely set a liner, eliminating any need for high pressure in the setting process.
Rystad Energy now predicts that US oil production grows so fast that an all-time high of 10 million bpd could be reached before December 31st this year.
Cooper Energy has announced that Callawonga-18, an appraisal and development well drilled by the PEL 92 Joint Venture in PPL 220, is being cased and suspended as a future oil producer.
Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, is pleased to provide the following update on drilling activities in the CPO-5 contract in Colombia.
In recent months there have been several second-hand rig transactions in the offshore drilling space with a number rigs changing hands such as Borr Drilling’s acquisition of Transocean’s jackup fleet and Shelf Drilling’s acquisition of three Seadrill jackups.