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PetroQuip deploys BigFoot toe sleeve in Anadarko Basin

Posted on 29 January 2015 in Innovating While Drilling, News

PetroQuip Energy Services successfully implemented its revolutionary toe sleeve, BigFoot, in a recent horizontal completion for an independent operator…

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US EIA: Lower 48 oil production outlook stable despite expected rig count reduction

Posted on 27 January 2015 in Global and Regional Markets, News

The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, according…

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Hess announces 2015 capital, exploratory budget

Posted on 27 January 2015 in News, The Offshore Frontier

Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources…

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Young professionals program at SPE/IADC Drilling Conference to target future leaders of the industry

Posted on 26 January 2015 in IADC/SPE Drilling Conference, News

The oil and gas industry is constantly looking to the future. Whether this comes in the form of pushing the limits of pressure…

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Tullow Oil moves ahead with exploration, appraisal drilling onshore Kenya

Posted on 22 January 2015 in Completing the Well, Global and Regional Markets, News

Tullow Oil has announced updates on several onshore projects in Kenya, including the Expir-1 exploration, Engomo-1 exploration, the Ngamia and Amosing…

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Petrobras reduces operating costs, time with new pre-salt subsea equipment deployment technique

Posted on 22 January 2015 in News, The Offshore Frontier

At the end of last year, Petrobras deployed its first wet Christmas tree using cables in the pre-salt area. The main change involved was the use of a subsea equipment…

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XACT, BP complete first deepwater deployment of SandSentry Acoustic Telemetry Network in Gulf of Mexico

Posted on 22 January 2015 in News, The Offshore Frontier

XACT Downhole Telemetry, in conjunction with BP, recently completed the first operational field trial of the SandSentry Acoustic Telemetry Network in the deepwater Gulf of Mexico…

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University of Houston to lead subsea engineering research center

Posted on 21 January 2015 in Drilling It Safely, News

The University of Houston (UH) will lead a national research center for subsea engineering and other offshore energy development issues, including research and technology…

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Brakel: 2015 SPE/IADC Drilling Conference to highlight solutions to cost escalation

Posted on 21 January 2015 in IADC/SPE Drilling Conference, News

Cost reduction may be a priority for many companies now, but the industry must not overlook important opportunities for innovation and idea sharing…

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Hannon Westwood report: Activity fell in UK, flourished in Norway in 2014

Posted on 20 January 2015 in Global and Regional Markets, News, The Offshore Frontier

In 2014, activity levels in the UK and Norwegian sectors continued to diverge, with Norway seeing consistently high activity levels that were not replicated in the UK…

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Recent Drilling News

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