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The current oil price environment has hydraulic fracturing operators looking for ways to improve efficiencies and save every dollar possible. Reveal Energy Services’ IMAGE Frac, a system of pressure-based fracture maps, is one of several technologies aiming to help in this area...

No dayrate will be paid for the rig during the suspension period, which will start sometime in May and last for a period of up to 365 days. Noble will have the right to market the rig in pursuit of other work opportunities during this time...

The Norwegian Petroleum Directorate granted a permit for Lundin to drill in production license 533 B offshore Norway. Seadrill will manage the drilling campaign using the West Bollsta semisubmersible, part of a 10-well contract signed in February 2019...

According to the company, the tool helps operators develop assets by maximizing reservoir exposure to a single wellbore, enabling access to all planned reserves that would otherwise be difficult to reach. Additional patents are still pending in the US, Norway, Canada, Saudi Arabia, and the UAE.

In this interview with DC, Mark Denkowski, VP of Accreditation Operations at IADC, talks about the details of WellSharp Live and its possible long-term future. The Live system, scheduled to launch on 4 May will help support ongoing training and learning for industry professionals stuck at home in a world of social distancing...

OTC is one of the largest trade shows in the United States, drawing more than 59,000 visitors in 2019. Originally scheduled for May, conference leaders had previously announced in mid-March that it was postponing the show to Q3 2020, saying at the time that it was hoping to reschedule the conference in either August or September.

The discovery is the second for Apache and Total in Block 58, following Maka Central-1 in January. The Noble Sam Croft drilled the well to a depth of approximately 20,700 ft and successfully tested for the presence of hydrocarbons in multiple stacked targets in the upper Cretaceous-aged Campanian and Santonian intervals.

ExxonMobil said in a statement that it will apply its experience with polymer-based technologies in combination with GCMI to facilitate development and expedite third-party production of safety equipment for health care workers fighting the COVID-19 pandemic, including industrial-grade masks and face shields that can be sterilized and worn multiple times.

The global consultancy estimates that almost all pre-FID projects will be deferred and that, of the more than 50 projects it identified with potential to go ahead this year, only 10 have a chance of proceeding. This equates to around $110 billion of deferred investment with an additional $100 billion at risk.

The revised CAPEX figure of $780 million represents a 46% drop from Murphy Oil's original 2020 capital spending plan. As part of the move, the company's President and CEO will receive a 35% salary reduction, while other executives will see salary cuts as high as 30%.