KCA Deutag has announced that its land drilling operation has won new contracts worth approximately $460 million in the Middle East, Africa and Europe. In Oman, KCA Deutag has won a three-year contract extension, which commences in 2021...

Well-SENSE has successfully proved its Active-FLI technology with the completion of its first commercial onshore well survey for a major E&P operator at a test well in Texas. The technology enhances its FiberLine Intervention (FLI) distributed sensing capability with an add-on package of electronic and optical sensors...

Weatherford has announced it has signed two contracts totaling $67.4 million for drilling services with two major operators in Russia...

Except for harsh-environment semis, global offshore fleet continues to see a very slow recovery, although 69% utilization is the highest it’s been since 2015 By Tony Crawford, Tarjei Myklebust and Aylar Ibrahimoglu, National Oilwell Varco Rig demand in this year’s National Oilwell Varco census has shifted in both areas of geographic activity and in rig type. Late 2017 and 2018 demonstrated promising improvements in global land utilization rates and modest recovery in offshore drilling. 2019 can be characterized by strong international rig utilization and demand for land, steadily improving demand for offshore and weakening demand for land rigs in North America. Offshore rig demand in North America is improving slightly, but it has yet to see the type of growth ...

US onshore activity likely to suffer as cautious operators rein in budgets, plan to drill and frac fewer wells next year By Linda Hsieh, Editor & Publisher Another tough year is in store for the US land drilling and completions market in 2020. John Spears, President of Spears and Associates, said he expects the Baker Hughes rig count to fall by 10% next year. “That’s a function of the fact that the operators are going to be extremely careful about their capital spending programs. They are going to be mostly focused on trying to improve profitability and returns to shareholders, and not so much in terms of growing production. We think that means activity will move lower in the US ...

SIMMONS EDECO has announced that it has completed an onshore drilling campaign for a major oilfield services company in Mexico. The contract required SIMMONS EDECO to provide onshore drilling services on a field in the south of Mexico...

Conventional oil and gas discoveries during the past three years are at the lowest levels in seven decades and a significant rebound is not expected, according to a new report by IHS Markit...

Bentec has announced that it has signed a multi-million euro contract with the drilling division of INK-Service Group (INK) for the manufacture of seven latest-generation 320t cluster slider rigs. INK is the oilfield service unit of Russia’s Irkutsk Oil Company...

Corva has announced that its drilling optimization technology was used to drill a record-breaking extended reach well in the National Petroleum Reserve of Alaska’s North Slope...

Although the Permian Basin still dominates US land drilling and will continue to do so in the near future, the pace of growth in this region has slowed significantly since late 2018...