Tag Archives: drilling

Oil Rig Count Sees First Increase in Two Weeks; Texas is Flat

The number of U.S. rigs drilling for oil saw its first increase in three weeks, Baker Hughes said Friday in its weekly report. U.S. crude oil was on track to post its second straight weekly gain Friday, largely on concerns about an expected decline in supply from Iran due to U.S. sanctions and Venezuela’s declining […]

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Transocean Ltd. Announces Agreement to Acquire Ocean Rig

Enhances Transocean’s position as the leader in ultra-deepwater and harsh environment drilling; Adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships currently under construction; Results in a combined fleet of 57 floaters, with 17 of the top 50 and 31 of the top 100 ultra-deepwater drillships in the industry(1); Enhances […]

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Maersk Drilling Secures Two Contract Extensions in the North Sea

Maersk Drilling has been awarded contract extensions for the high-efficiency jack-up rigs Maersk Resolute and Maersk Resolve by Petrogas E&P Netherlands B.V. and Wintershall Noordzee B.V., respectively. The extensions allow the two rigs to continue their high-performance operations in the North Sea. Maersk Resolute has been awarded a 56-day contract extension by Petrogas E&P Netherlands […]

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Shale Shifts Attention To This ‘Forgotten’ Oil Play

The Permian has been getting most of the headlines on U.S. shale, but there is another play in the vicinity that has been attracting more industry attention than media attention. Pretty much forgotten since the ‘90s, when shale oil and gas moved to the forefront of the U.S. oil industry, the Austin Chalk has now […]

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American Shale-Oil Producers are on a Roll

In the light, sweet spot  Surprisingly, they have not yet roiled the oil markets JUST over a year ago Harold Hamm, billionaire boss of Continental Resources, one of the biggest shale-oil producers in America, issued a stern warning to his fellow frackers. Drill with restraint or we will “kill the market”, he said. This month […]

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Corpus Christi Set to Become Major Oil Export Hub as Shale Drilling Surges

As West Texas drillers pump more crude in coming years, they’ll have to ship almost all of the increase in the Permian Basin’s output to buyers overseas – and most of those exports will pour out of Corpus Christi in South Texas, analysts say. Energy research firm Wood Mackenzie believes U.S. oil producers will pump […]

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Nostra Terra Oil and Gas Secures US$5mln Funding Deal

“We’re excited to be working with such a strong energy lender as Washington Federal that endorses our plans to grow production, cash flow, and the size of the facility.”   Nostra Terra Oil and Gas Company plc (LON:NTOG) shares edged higher on Monday after the company announced that it received approval for a new US$5mln […]

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US Shale Oil Drillers Set to Kick Off the New Year with Big Production Gains

Crude oil production from seven major shale regions is set to grow by 94,000 barrels a day in January, the Energy Information Administration forecast. Total output from those regions is seen topping 6.4 million barrels a day next month. RBC’s Helima Croft: US shale production is going to come back in 2018 America’s shale drillers […]

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Predator Drilling Acquires Assets of J. B. Hunt Gas and Oil Drilling

PREDATOR DRILLING ACQUIRES ASSETS OF J.B. HUNT GAS AND OIL DRILLING Two Great Companies Prove the Sum is Greater Than the Parts Midland, Texas: Predator Drilling LLC, a subsidiary of Predator Drilling Inc. of Red Deer, Alberta, has acquired all assets of J. B. Hunt Gas and Oil Drilling of Midland, Texas in an all […]

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Rosneft Drills World’s Longest Well in Sakhalin

MOSCOW — Rosneft, as a member of Sakhalin-1 Consortium, successfully completed drilling of the world’s longest well from Orlan platform at Chaivo field in the Sea of Okhotsk. The length of the well with horizontal completion is 15,000 m, which currently is a world record. This is a supercomplex well with DDI (Directional drilling index) […]

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Oil Industry Continues to Recover, but Focused on Texas

Exxon Mobil and Chevron said Friday that they plan to bring more drilling rigs to the increasingly crowded Permian Basin, heaping praise on the 75,000 square miles teeming with oil across West Texas and New Mexico, where drillers can pump more crude at lower costs than most places. But the focus on the Permian by […]

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The New CAT® MD6310 Rotary Blasthole Drill

ADVANCED SCALABLE TECHNOLOGY FOR THE NEW CAT® MD6310 ROTARY BLASTHOLE DRILL IMPROVES DRILLING EFFICIENCY AND PRODUCTIVITY Building on the solid legacy of the MD6420C, the new Cat® MD6310 blasthole drill offers substantial technology, efficiency and productivity improvements. A key advantage of the machine, Cat Electronics delivers advanced troubleshooting for efficient drill operation and scalable automation. The […]

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