Hess has announced a revised $2.2 billion capital and exploratory budget for 2020, an $800 million reduction from the previous budget of $3.0 billion...

During the 2020 IADC/SPE International Drilling Conference in Galveston, Texas, Halliburton announced the commercial launch of NitroForce, a drilling motor that it says can increase drilling speed...

As 2020 kicks into full gear, some of the more intriguing prospects in the drilling market lay in South America, where offshore exploration and production activity has heated up, and some of the onshore prospects hold great potential...

Case studies from DJ Basin and Marcellus demonstrate technology’s capability to improve lateral hole quality and ROP for high-DLS wells By Gilles Vié, Schlumberger E&P companies in North American shales face many challenges, including wells with high dogleg severity (DLS) that require high build rates, complex geological formations and wells with increasingly longer laterals. These technical challenges, combined with increased pressure from investors for more capital discipline, have set the stage to really think about how they can align today’s directional drilling (DD) services with their company’s development strategies. With the increased downward pressure on both CAPEX and OPEX costs, these operators must find the optimal balance between the costs of DD service companies and the costs of rig contractors, ...

Field tests show system can deliver stable downhole power while communicating at rate of 56 kB/sec during drilling By Ian Silvester, Reelwell Over the years, the drilling sector has experienced generational and innovative technologies. These include M/LWD tools, PDC bits, rotary steerable systems, high-specification drilling rigs and automation. Enabling next-generation drilling technologies by using a powered and wired enabled drill pipe string is arguably the next step-change in drilling performance. However, the market perception surrounding the wired drill pipe has historically centered around reliability and cost issues, alongside the positive benefits the technology can produce. With this in mind, extensive field tests have been carried out on Reelwell’s DualLink technology in Norway and the US. The technology, which is expected ...

Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province...

Devon Energy has announced it entered into a definitive agreement to sell its assets in the Barnett Shale to BKV for $770 million. This transaction is expected to close in Q2 2020. Devon expects no incremental cash taxes associated with the divestiture of these assets...

Devon Energy announced it entered into an agreement with Dow to develop a portion of STACK acreage in central Oklahoma. The average working interest is estimated at 60% across a mix of standard and extended-reach lateral drilling locations...

Baker Hughes has announced that the Baker Hughes international rig count for November 2019 was 1,096, down 34 from the 1,130 counted in October 2019, and up 105 from the 991 counted in November 2018...

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...