Oil & gas news

"After losing pricing power in 2015 and 2016, oilfield service companies have since regained some of the lost ground, thanks first and foremost to industry consolidation among players that has concentrated the market over the past couple of years,” said Audun Martinsen, head of oilfield service research at Rystad Energy.

In part two of this two-part article, Nathan Klammer and Jason Ross, Entro Industries, USA, explain how new automatic features can optimise rig walking in the oilfield.

The first oil production by the FPSO is planned for 2022, and the firm time charter period of the contract is 21 years.

The company is aiming to complete the acquisition of 7000 acres and 87 oil and gas wells in the US state by 22 August.

The Jeanne d’Arc HD3D survey borders Newfoundland’s prominent producing fields such as Hibernia, Terra Nova, White Rose, North Amethyst and Hebron.

The combined company, which will operate under the name Chisholm Oil and Gas and be headquartered in Tulsa, Oklahoma, US, will have net production of approximately 20 000 boe/d.

The combined gross resources of Jorvik and Tellus East are estimated to be between 4 and 37 million boe.

Nathan Klammer and Jason Ross, Entro Industries, USA, explain how new automatic features can optimise rig walking in the oilfield.

In a recent Delaware Basin field trial with a major US land operator, the H-2 Perforating System was utilised to successfully run 45 perforating guns.

Exceed has announced the acquisition of Lowestoft-based Managed Pressure Resources (MPR), adding managed pressure drilling engineering and supervisory services to its portfolio.