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Survey: Investors optimistic on upside potential of natural gas, crude oil pricing

Posted on 05 June 2014 in Global and Regional Markets, News

In an energy sector poll, RBC Capital Markets found that 76% of investors and executives believe that the current $100-plus price levels for crude oil will be sustained or…

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Unit Drilling launches advanced-technology BOSS rig design

Posted on 04 June 2014 in News, Onshore Advances, The Efficient Rig

Unit Drilling has put the first of its newly designed BOSS rig, Rig 401, to work in the Texas Panhandle for Unit Petroleum. The 1,500-hp, AC-powered walking rig incorporates…

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Wellbore displacement services integrate dimensions of hydraulics, chemistry, mechanics

Posted on 04 June 2014 in Exclusive Video, Innovating While Drilling, News, Videos

In this exclusive video with DC, Gabe Little, Business Development Manager for M-I SWACO, explains how the SMART 3D Displacement services integrate hydraulics, chemistry and…

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US EIA: Domestic production filled 84% of US energy demand in 2013

Posted on 03 June 2014 in Global and Regional Markets, News

Total US energy production reached 81.7 quadrillion British thermal units (quads) in 2013, the US Energy Information Administration (EIA) reported this week. That is…

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IADC Drilling Engineers Committee Forum to be held 11 June

Posted on 02 June 2014 in IADC: Global Leadership, Global Challenges, News

IADC has established the Drilling Engineers Committee (DEC) to advance new technologies related to drilling wells. DEC replaces the now-dissolved Drilling Engineering…

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Seadrill signs contract with Total for West Jupiter newbuild

Posted on 02 June 2014 in Global and Regional Markets, News

Seadrill has signed a firm five-year period contract with Total Upstream Nigeria for the newbuild ultra-deepwater drillship West Jupiter. The West Jupiter is a…

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KCA Deutag wins contract for 2 slider rigs for Lukoil

Posted on 02 June 2014 in Global and Regional Markets, News

The Land Division of KCA Deutag has been awarded a contract worth more than $90 million by Russia’s second largest oil company, Lukoil, for the supply of two arctic cluster…

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Record 92-sleeve fracturing operation completed in Eagle Ford

Posted on 30 May 2014 in Completing the Well, News, Onshore Advances

NCS Energy Services, an independent technology and services company specializing in multistage completions, has announced the completion of fracturing operations on an Eagle…

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Precision Drilling secures contract for 1,500-hp newbuild in Middle East

Posted on 29 May 2014 in Global and Regional Markets, News

Precision Drilling has been awarded a contract for a 1,500-hp newbuild that will operate for one of its existing customers in the Middle East with deployment…

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Lukoil begins commercial production from Iraq’s prolific Qurna-2 field

Posted on 29 May 2014 in Global and Regional Markets, News

Russian oil company LUKOIL has begun commercial production operations in the prolific West Qurna-2 oilfield in southern Iraq after reaching a target production level of…

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