The company will run an average of 18 rigs this year – 13 of those in the Delaware Basin – and bring between 320 and 360 operated wells online. Only a 5% growth in oil production is projected, and efforts to grow margins will be focused on operational and corporate cost reductions.

Slovakian company GA Drilling, Finnish company Finest Bay Area Development Oy (FEBAY) and the Finnish Pyhäjärvi city-owned development company Callio have agreed to start testing, developing and operating the GA Drilling PLASMABIT-based geothermal

In the current economic environment, adoption of digital technologies will likely prove critical as companies along the oil and gas supply chain are forced to seek new ways to further improve efficiencies and lower costs.

In the years since unconventional drilling became more common, oil, gas, and pipeline operators have had an increased need to discharge produced or other sources of waste water. To obtain a permit for surface water discharges, operators may have needed to apply to both the Railroad Commission (RRC) and the Environmental Protection Agency (EPA). For related environmental activities,

The Abu Dhabi National Oil Company (ADNOC) announced the signing of an exploration concession agreement, awarding the exploration rights for Abu Dhabi Onshore Block 5 to Occidental...

Shale operators slashed their planned capital expenditure (CAPEX) for 2020 to account for the oil price crash, which inevitably led to decline in drilling and completion activity in the Eagle Ford play...

ADNOC and Total announced the delivery of the first unconventional gas from the United Arab Emirates. The unconventional gas was delivered from the Ruwais Diyab Unconventional Gas Concession located 200 km west of Abu Dhabi city...

Neptune Energy announced first gas production from the Adorf Carboniferous development in northwestern Germany. Initial results were positive following successful drilling of the Adorf Z15 appraisal well, in the municipality of Emlichheim...

Global rig demand has fallen to lowest point in census history, dating to 1955; North America has been hardest-hit, with Permian utilization at just 26% By Tarjei “TJ” Myklebust, Karl Appleton and Kevin Scherm, National Oilwell Varco The start of any 2020 census, in any industry or any part of the world, must begin with the impact of COVID-19. For oil and gas, the impact was a drastic drop in demand. Oil and gas drilling has been one of the most negatively impacted industries during the pandemic, and recovery appears to be slower than everyone had hoped. Early in the pandemic, the industry was further impacted by the market share war between Saudi Arabia and Russia that led to oversupply ...

Same desire for continuous improvement that drove design of FlexRigs is now driving H&P’s pursuit of better wellbore quality through digital, automation technologies By Linda Hsieh, Editor & Publisher In the annals of modern drilling history, the development of the Helmerich & Payne (H&P) AC-drive FlexRigs will surely go down as a key turning point in the evolution of modern rig design and technology. In terms of both safety and efficiency, these rigs proved to be a game changer that broke the prevailing “rigs are a commodity” paradigm in the US onshore market in the early 2000s. Up to that point, rig design was focused on drilling a specific well depth, said John Lindsay, H&P President and CEO. While companies ...