At the 2020 IADC/SPE International Drilling Conference in Galveston, Adrián Ledroz, Vice President of Technology at Gyrodata, spoke with DC about a paper that examined the possibility of planning a wellbore trajectory solely with gyroscopic measurements...

In response to the challenging commodity price environment, Devon Energy has announced an immediate decrease in capital spending of $500 million for the full-year 2020...

Murphy Oil announced that it has revised its capital spending plans for 2020 given current market conditions and recent commodity price volatility...

In this video with DC, Reza Rahmani, Engineering Manager of PDC Development at NOV, discusses some of the findings from a paper presented at the 2020 IADC/SPE International Drilling Conference in Galveston about how much usage PDC cutters can take before reaching their durability limits...

As MPD is increasingly being recognized as a reliable method for mitigating the risks involved with drilling in difficult environments, manufacturers continue to look for new ways to move the technology forward in meeting contractor and operator needs...

Equinor has announced that one person at the Martin Linge field in the North Sea has tested positive for the corona virus. The person is not seriously ill...

Described by the company as a “holistic approach” to managing well delivery, the Centro system integrates an operator’s well data through multi-source, vendor-neutral aggregation...

The first day of the 2020 IADC/SPE International Drilling Conference in Galveston, Texas, saw Schlumberger launch a new dual telemetry drilling service, xBolt G2, that it says enables operators to switch from electromagnetic mud pulse and dual telemetry modes while drilling, reducing influence from drilling noise and potentially reducing lost rig time. In this video with DC following the product’s launch, Shadi Mussa, Global Product Champion at Schlumberger, speaks about the benefits the system may provide in well placement and geosteering.

Oil markets are now facing an unprecedented double shock—a demand crisis and price/market share war—that will likely push crude prices to multi-decade lows...

As global markets reel in the wake of the oil price crash, Wood Mackenzie’s Tom Ellacott said: “The price collapse could be the trigger for a new phase of deep industry restructuring..."