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Author Archives: Stephen Whitfield

Precision Drilling anticipates rig count increases in 2022 for US, Canada

As of 6 January, the company has 66 rigs active in Canada and 50 in the US, representing increases of 38% and 61%, respectively, from the same date in 2021. Precision expects average drilling activity in Canada to be up approximately 40% compared with 2021, while average US activity is expected to increase 60% year-over-year.

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Alka Mittal is first woman to head ONGC

Alka Mittal has been appointed Interim Chairman and Managing Director of Oil and Natural Gas Corp (ONGC). Dr Mittal is the first woman to head India’s largest oil and gas producer. Her appointment was approved for a period of six months, with effect from 1 January 2022. Dr Mittal has been serving as Director (HR) since 27 November 2018 and was the most senior director on the Board. Dr Mittal replaces Subhash Kumar, another interim head who retired at the end of 2021. A post-graduate in economics, MBA (HRM) and a Doctorate in commerce and business studies, she joined ONGC as a graduate trainee in 1985. Dr Mittal was the first woman to hold the charge of a full-time Director ...

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Hess makes pair of discoveries offshore Guyana

The Fangtooth-1 and Lau Lau-1 discoveries will add to the Stabroek Block’s previously announced gross discovered recoverable resource estimate of approximately 10 billion BOE. Fangtooth-1 encountered approximately 164 ft of high quality oil bearing sandstone reservoirs, while Lau Lau-1 encountered approximately 315 ft of high quality hydrocarbon bearing sandstone reservoirs.

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