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Halliburton facilitates drilling category
today
Source: World Oil

Halliburton facilitates drilling

The increasing drilling activities need operators to be accurate and efficient in one run. Halliburton has made the task easy for the operators by releasing the iCruise Intelligent Rotary Steerable System (RSS). This revolutionary technology will provide accurate steering, longer laterals and quicker drilling facilities. V.P of Sperry Drilling expressed said that RSS has advance sensors and electronics including high speed processors that can give accurate end results.

Schlumberger contributes to well drilling technology category
today
Source: World Oil

Schlumberger contributes to well drilling technology

During the drilling process of a long horizontal well that has multi-stage completions, various challenges are being faced due to restricted centralization and casing movement. This leads to the increased risk of zonal isolation. At SPE ATCE, Schlumberger launched the CemFIT Shield mud-sealing cement system. This will be the first technology of the industry dedicated to improving zonal isolation, especially between hydraulic fracturing stages in long horizontal wells.

Government gives clearance to ONGC's proposal category
yesterday

Government gives clearance to ONGC's proposal

E&P major, ONGC received approval from the Government of India to proceed with Additional Development Drilling of 72 wells in the Krishna-Godavari basin. The Expert Appraisal Committee (EAC) under the Ministry of Environment, Forest and Climate Change, gave a nod to ONGCs proposal for the project. An investment of ₹792 crore has been outlaid by the PSU for the project. EAC has laid down several conditions for granting the clearance.

Aker BP completes drilling in North Sea category
Sept. 22, 2018
Source: Energy Voice

Aker BP completes drilling in North Sea

The Norwegian Petroleum Directorate informed that E&P major, Aker BP has concluded drilling operations in the central North Sea. Aker had deployed Maersk Interpid to drill two appraisal wells within the Hanz filed, and a wildcat well southeast of Hanz. The wildcat well came out to be dry, and hence was permanently plugged and abandoned.

Equinor’s contract with Transocean category
Sept. 22, 2018
Source: World Oil

Equinor’s contract with Transocean

Norwegian oil giant, Equinor has hired Transocean Norge for drilling six wells on the Norwegian continental shelf (NCS). The contract was signed in an estimated value of $89 million. Drilling services such as slop treatment and cutting handling, and part of the mobilization fee are the services included in the contract. Transocean Norge will initiate drilling start-up in the Tordis, Visund, Bauge and Snorre licenses by the summer of 2019.

Equinor awards contract to Seadrill category
Sept. 21, 2018
Source: Oil Voice

Equinor awards contract to Seadrill

Equinor has awarded two drilling contracts to Seadrill Norway Operations Limited which is based on a master framework agreement. Under the scope of this contract, two wells will be drilled in the Barents Sea using West Hercules rig and the operations will start in the spring of 2019. Equinor’s senior VP for Drilling & Well Services has informed that the company has finalized the drilling program for West Hercules.

Equinor gets drilling permit category
Sept. 19, 2018
Source: World Oil

Equinor gets drilling permit

The energy giant of Norway, Equinor AS has been given a drilling permit by the Norwegian Petroleum Directorate. This permit is for the well 7324/3-1, cf. Section 15 of the Resource Management Regulations. The energy major will be having 55% ownership interest and will work as the operator in the field. The drilling will be from the West Hercules, position 73°57'2,39" North og 24°41'04,86" East.

Faroe Petroleum secures drilling permit in North Sea category
Sept. 13, 2018

Faroe Petroleum secures drilling permit in North Sea

UK-based exploration firm, Faroe Petroleum was granted permit by the Norwegian Petroleum Directorate (NPD) to carry out drilling operations offshore Norway. The drilling program for well 30/6-30 pertains to the drilling of a wildcat well in production licence 825 in the North Sea. Faroe will deploy Transocean Arctic drilling rig on the well for the operation.

Siccar delays its drilling plans category
Sept. 12, 2018
Source: Energy Voice

Siccar delays its drilling plans

Aberdeen’s Siccar Point Energy planned to drill Lyon well in 2018. But the CEO of the company informed that the campaign has been delayed keeping in mind the impact of poor winter weather in the area. He said, “it makes sense to defer the Lyon well until next year to minimize the likely cost.” North Atlantic’s West Hercules rig was scheduled to move onto Siccar Point after completing appraisal well.

First well to be drilled under PL 751 category
Sept. 11, 2018
Source: World Oil

First well to be drilled under PL 751

Norway’s energy major, Equinor Energy AS has been granted a drilling permit for a well by the Norwegian Petroleum Directorate. Well 6407/11-1 of Resource Management Regulations will be drilled from the drilling facility of the Deepsea Bergen. This will be the first well to be built under the production license 751 which was awarded on Feb. 7, 2014. Equinor will be the operator having 80% of the ownership interest.

Drilling activity suspended at Tilapia Field category
Sept. 6, 2018
Source: World Oil

Drilling activity suspended at Tilapia Field

Anglo African Oil & Gas plc, which is an independent oil and gas developer, has decided to append drilling TLP-103 following some problem of topside. SMP is the drilling contractor of the company and has informed that the issue is affecting a rig offshore the Congo in Tilapia Field. The company is now working towards finding an optimal solution of the problem and is trying to avoid any further delay.

Hess again discovers oil offshore Guyana category
Aug. 31, 2018
Source: Oil Voice

Hess again discovers oil offshore Guyana

Hess Corporation, yesterday, informed about its ninth oil discovery in Guyana. Oil was discovered in the Hammerhead-1 well, offshore Guyana. This is fifth in the line of oil discoveries made by Hess in the past year. High-quality, oil-bearing sandstone reservoir was encountered in the Hammerhead-1 well at 60 meters of drilling. The well was then carefully bored till 4,225 meters depth.

Equinor plans on production improvement category
Aug. 29, 2018

Equinor plans on production improvement

Equinor unveiled its plans wherein it will drill over 3,000 wells offshore. The focus of the company is to improve the output from older fields and ensure a prolonged production lifetime of almost 20 installations by 2030. The head of development and production of the company said that they aim to achieve 60% and 85% of the recovery rate of oil and gas fields respectively.

Ecopetrol to focus on drilling activities category
Aug. 25, 2018

Ecopetrol to focus on drilling activities

In a gathering to commemorate Colombia’s Ecopetrol SA’s 10th anniversary of NYSE listing, CEO of the company informed that they are going to increase the drilling activity and secure operational licenses. This decision has been taken in order to achieve 2018 $3 billion to $3.5 billion capital plan of the company. He also said that the target is becoming a challenge because of the spending delays in the initial years.

Essar enters into GSPA with GAIL category
Aug. 10, 2018

Essar enters into GSPA with GAIL

Essar Oil subsidiary, Essar Oil and Gas Exploration and Production (EOGEPL) has entered into a gas sale and purchase agreement (GSPA) with state-run GAIL for a 15-year term. GAIL won the bid for the contract floated by EOGEPL. The deal will help monetize EOGEPL’s complete CBM production from the Raniganj East block. The Essar subsidiary has already concluded drilling of 346 out of the 500 CBM wells.

TWMA secures a contract from Apache category
July 31, 2018
Source: Energy Voice

TWMA secures a contract from Apache

After securing contracts with Nexen Petroleum, Decipher Energy and Total earlier this year, oil services firm TWMA has now won a deal worth £5 million from Apache. Under this agreement, TWMA will provide handling services and drill cuttings containment for three years on Apache’s Beryl field. TWMA will separate drill cuttings into oil, water, and solids at its Peterhead facility for recycling and reuse.

Diamond Drilling reports significant loss in second quarter category
July 31, 2018
Source: Energy Voice

Diamond Drilling reports significant loss in second quarter

Houston-based Diamond Drilling released its Q2 report, showing a net loss of £59 million. The company profits have dropped down £44m between Q1 and Q2. Additionally, there has been a significant decrease in drilling contracts for the firm, almost £169 million less in 2018. The CEO of the Diamond Drilling appreciated the efforts of the company towards improving the offshore drilling efficiency with the launch of Blockchain DrillingTM service.

KZN to explore oil and gas industry category
July 23, 2018

KZN to explore oil and gas industry

The provincial government of KwaZulu-Natal (KZN) in South Africa is looking towards investing more than R200 billion for infrastructure development. The government has shifted its focus on offshore oil and gas exploration. The acting KZN Premier, who is currently attending the BRICS Business Council Investment Opportunities conference, spoke about how the provincial government is actively taking interest in oceans economy.

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