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Shale drillers target Eagle Ford for new exploration opportunities
Jan. 17, 2022
Source: world oil

Shale drillers target Eagle Ford for new exploration opportunities

HOUSTON (Bloomberg) - The Eagle Ford shale in South Texas, long overlooked compared to its larger cousin the Permian basin, saw its biggest one-week jump in drilling activity in more than two years as explorers look for growth beyond the world’s biggest shale patch. The number of rigs drilling for crude in the Eagle Ford rose by 5 to 43 this week, according to Baker Hughes Co. data released Friday. It’s the biggest weekly expansion for explorers in the region since December 2019. Even gas-rich basins got in on the crude-drilling growth, adding the most oil rigs in at least half a decade with two more going to work in Louisiana’s Haynesville and one starting up in the Marcellus.

Federal government rejects permit renewal for oil and gas drilling off NSW coast
Dec. 16, 2021
Source: SBS News

Federal government rejects permit renewal for oil and gas drilling off NSW coast

The federal government has refused a controversial oil and gas drilling permit off the NSW coast, saying a "methodical process" was undertaken before arriving at a decision. The federal government has knocked back a controversial oil and gas drilling permit off the NSW coast in a move hailed a win by environment groups. The Petroleum Exploration Permit 11 (PEP11) between Newcastle and Wollongong had been the subject of vocal community opposition. Prime Minister Scott Morrison on Thursday confirmed the government would refuse the application.

Beetaloo basin shale probe shows promise in Australia's Northern Territory
Dec. 1, 2021
Source: Upstream

Beetaloo basin shale probe shows promise in Australia's Northern Territory

Australian junior Empire Energy has hit gas in its latest shale exploration well in the Northern Territory’s onshore Beetaloo basin. Empire confirmed Wednesday the vertical section of the Carpentaria-2 well had been completed to a depth of 1835 metres and intersected thick liquids rich gas shales across the four stacked Velkerri formation pay zones.

Shell starts drilling on Jaws exploration prize in the UK North Sea
Nov. 30, 2021
Source: Energy Voice

Shell starts drilling on Jaws exploration prize in the UK North Sea

Sinking the exploration well is a firm commitment on a 30th licensing round award. If successful, Jaws will be tied-back to the Shell Nelson platform around 10miles to the north-west. Cairn Energy, soon to be renamed Capricorn Energy, is partnered 50-50 on the Shell-operated Jaws project in licence P2380. In March 2020, Shell completed a working interest swap with Cairn, which included 50% of Jaws being swapped with 50% of Cairn’s nearby Diadem prospect in licence P2379, which it expects to spud in Q2 2022.

Drilling activity on the rise in US, Canada and global markets, says Baker Hughes
Nov. 27, 2021
Source: The Edge Market

Drilling activity on the rise in US, Canada and global markets, says Baker Hughes

KUALA LUMPUR (Nov 27): Drilling activity in the US and international markets has continued to pick up, according to Baker Hughes Tool Company. Baker Hughes is an industrial service company and one of the world's largest oilfield service companies. Since 1944, it began weekly counts of US and Canadian drilling activity, and initiated its monthly international rig count in 1975. As of Wednesday (Nov 24), the US had added six rigs from the prior week to 569, up from 249 a year earlier. Canada added 69 rigs to 800 from a week before, up from 171 rigs from a year ago.

Largest Offshore Drilling Auction In U.S. History Kicks Off With $192M In Bids
Nov. 18, 2021
Source: Oil Price

Largest Offshore Drilling Auction In U.S. History Kicks Off With $192M In Bids

As U.S. oil companies show a new brand of fiscal discipline even as oil prices continue to climb, oil companies spent nearly $192 million on drilling rights in the Gulf of Mexico on Wednesday, according to a press release from the U.S. Department of the Interior’s Bureau of Ocean Energy Management.

Empyrean Energy lets drilling contract for Jade prospect
Nov. 12, 2021

Empyrean Energy lets drilling contract for Jade prospect

Empyrean Energy PLC has let an integrated drilling contract (IDC) to China Oilfield Services Ltd. (COSL) for the Jade prospect exploration well on Block 29/11, offshore China. Target spud date is mid- to late-December.

NOV launches sour service drill pipe grades to ensure pipe integrity in challenging formations
May 24, 2021
Source: world oil

NOV launches sour service drill pipe grades to ensure pipe integrity in challenging formations

NOV’s Grant Prideco business unit recently launched a line of drill pipe grades to help mitigate sour service failures related to sulfide stress cracking (SSC) in complex wells and acid gas-bearing formations. The new H2Shield grades were designed to provide strength and durability in harsh, sour drilling environments, delivering maximum mechanical performance without sacrificing H2S resistance. Offered as a smaller portfolio, the H2Shield line will simplify customers’ drill string selection, allowing them to select the right grade to achieve optimum performance in their sour service application.

Seadrill announces new Angola contract for Quenguela Drillship
May 17, 2021
Source: world oil

Seadrill announces new Angola contract for Quenguela Drillship

Seadrill Limited announced a new contract has been secured by Sonadrill Holding Ltd, the 50/50 joint venture with an affiliate of Sonangol E.P. Sonadrill has secured a twelve well contract with one option for nine wells and eleven one well options in Angola for the Sonangol Quenguela drillship. The total contract value for the firm portion of the contract is expected to be approximately $131 million with commencement expected in Q1 2022 and running to Q3 2023.

U.S. drillers add oil and gas rigs for second week in a row -Baker Hughes
May 10, 2021
Source: Energyworld

U.S. drillers add oil and gas rigs for second week in a row -Baker Hughes

U.S. energy firms added oil and natural gas rigs for a second week in a row as higher oil prices prompted some drillers to return to the wellpad. The oil and gas rig count, an early indicator of future output, rose eight to 448 in the week to May 7, its highest since April 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday. That put the total rig count 74 rigs, or 20%, higher than this time last year. It was also up 84% since falling to a record low of 244 in August 2020, according to Baker Hughes

Texas April drilling permits up 60% over last year
May 7, 2021
Source: world oil

Texas April drilling permits up 60% over last year

The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020. The April 2021 total includes 629 permits to drill new oil or gas wells, five to re-enter plugged well bores, and 94 for re-completions of existing well bores. The breakdown of well types for original drilling permits in April 2021 is 205 oil, 63 gas, 434 oil or gas, 22 injection, and eight other permits.

UK seeks to drill more oil and gas from North Sea
March 25, 2021
Source: BBC News

UK seeks to drill more oil and gas from North Sea

This will include up to £10bn for hydrogen production and £3bn for a technology called carbon capture, usage and storage - where carbon emissions are either turned into other products such as plastics or buried.The government says the deal should cut pollution by up to 60 million tonnes by 2030, while also supporting up to 40,000 jobs across the supply chain.

Vantage Drilling to Operate Seadrill Rigs
March 23, 2021
Source: Rigzone

Vantage Drilling to Operate Seadrill Rigs

Units of Vantage Drilling International will manage, operate, and market four Seadrill Partners LLC deepwater floaters under a new framework agreement between the companies, Vantage reported toward the end of last week.

New Private Firm Likely to Keep Stake in Mexico Oilfield
March 19, 2021
Source: Rigzone

New Private Firm Likely to Keep Stake in Mexico Oilfield

(Bloomberg) -- A new company soon to be created by Chrysaor Holdings Ltd and Premier Oil Plc will likely retain its stake in the giant Zama oil development in Mexico, reversing an earlier decision by the indebted North Sea driller to exit the project.

Baker Hughes and Akastor ASA form global offshore drilling joint venture
March 3, 2021
Source: world oil

Baker Hughes and Akastor ASA form global offshore drilling joint venture

Baker Hughes and Akastor ASA have announced an agreement to create a joint venture company that will bring together Baker Hughes’ Subsea Drilling Systems business with Akastor’s wholly-owned subsidiary, MHWirth AS. The JV will deliver a global full-service offshore drilling equipment offering that will provide customers with a broad portfolio of products and services. The Company will be owned 50-50 by Baker Hughes and Akastor. Merrill A. “Pete” Miller will serve as chairman and chief executive officer.

Gardner Denver announces the new GD 2500Q HDF to extend pump service life
Feb. 24, 2021
Source: world oil

Gardner Denver announces the new GD 2500Q HDF to extend pump service life

Gardner Denver High Pressure Solutions (HPS), a leading total solutions provider for the drilling, well servicing and frac pumps market, has announced the new GD 2500Q Heavy Duty Frame (HDF) quintuplex pump, designed to extend pump service life through an optimized power end frame design. The frame upgrade has been developed to increase component thickness and allow for larger, stronger welds, to boost structural integrity.

Lukoil added nearly 500 MMboe proved reserves in 2020
Feb. 18, 2021
Source: world oil

Lukoil added nearly 500 MMboe proved reserves in 2020

According to the SEC classification, Russia’s Lukoil proved hydrocarbon reserves totaled 15.4 billion barrels of oil equivalent, 76% of which is comprised of liquids.The proved reserves replacement ratio, excluding the effect of changes in macroeconomic factors used for reserves estimate, totaled 93% in 2020. The company's proved hydrocarbon reserves life is 20 years.

NOV launches new MWD system to address harsh, high-temperature applications in North America
Feb. 16, 2021
Source: world oil

NOV launches new MWD system to address harsh, high-temperature applications in North America

NOV, a leading manufacturer of directional drilling technologies, has launched its new Tolteq Hellfire measurement-while-drilling (MWD) configuration, which is specifically designed for harsh, vibration-prone, and high-temperature conditions in North America wellbores. The Hellfire MWD configuration includes real-time pressure-while-drilling (PWD) measurements, providing operators with access to advanced drilling optimization capabilities on every run. The modules are rated to 347°F (175°C) and 20,000 psi (1379 bar) to ensure performance in challenging applications.

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