Tag Archives: drilling

Schlumberger Joins Halliburton in Calling Bottom of Oil Downturn

July 21, 2016 — 3:16 PM CDT Updated on July 22, 2016 — 11:06 AM CDT The world’s two largest providers of oilfield drilling and fracking services have now declared that the worst may be over in the two-year-old oil market crash. Schlumberger Ltd. said Thursday that the oil industry appears to have reached the […]

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Master Rig International Announces Completion of Jindal Drilling Rig Project

HOUSTON–(BUSINESS WIRE)–Master Rig International (MRI) recently completed an extensive and large-scale inspection, repair and re-certification of the Jindal Drilling Rig Project in Sabine Pass, Texas, USA. After initial inspections of drilling equipment, repair plans were developed and underway in late December 2015. Maintenance and re-certification of drilling equipment began on January 15th, 2016, and MRI […]

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Oil trader who predicted slump sees bull run starting

LONDON (Bloomberg) — Pierre Andurand, a hedge fund manager who predicted the oil collapse, said crude is starting a “multi-year bull run” because low prices have curbed supply. Crude futures, currently trading near $40/bbl, will rebound to $60 to $70 this year and $80 in 2017, the chief investment officer of London-based hedge fund Andurand […]

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Industry Leaders to meet in Argentina for Senior-Level Shale Summit

The second annual Argentina Shale Gas & Oil Summit (A-SGOS) will be held in Buenos Aires on May 9th & 10th 2016. The summit will provide a two-day conference, exhibition and networking event to address the current challenges and future possibilities for the shale industry in Argentina. The summit will bring together the unconventional resource […]

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U.S. rig count rises by 10, international count down 28

HOUSTON — The U.S. oil rig count increased by six this week, with more rigs added in the Permian basin, according to Baker Hughes. The count had declined for 29 weeks until July 2, when oil companies began sending rigs back to oil fields in Texas and elsewhere. After U.S. oil prices settled near $60 a barrel for an […]

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Tullow Gets Nod To Proceed With TEN Project Offshore Ghana

The International Tribunal for the Law of the Sea (ITLOS) has ruled that Tullow Oil could proceed with its operations at the $5 billion TEN project offshore Ghana. However, the tribunal restricted Ghana from beginning any new drilling operations in the area until a maritime border dispute with the Ivory Coast is resolved in 2017. […]

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2013 Oil & Gas Awards Winners Announcement

Over the last two weeks of October the 2013 Oil & Gas Awards were presented in the Southwest, West Coast and Mid Continent regions. The finalists and winners were announced at spectacular gala awards dinners held in Fort Worth, TX, Bakersfield, CA and Oklahoma City, OK. The 2013 Oil & Gas Awards judging panel reviewed […]

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E&P Data Management: How do you handle Data Management challenges, are you ready for the future?

Predominant challenges that the data management industry faces are a lack of data management solutions, and the information that is generated in exploration and production is much greater than that compared to other industries. This enormous volume of data needs to be analyzed properly; once this is achieved it could be applied to earn an […]

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Improved & Enhanced Oil Recovery Praxis Interactive Technology Workshop 9th Global Edition

Recovery of oil is a vital piece of the oil production puzzle in order to maximize an underground reservoir and prolong its life. With new techniques and technologies, we can increase the recovery factors worldwide – beyond the current restrictions, therefore easing multiple issues related to the global energy supply. Praxis Global Research recognizes the […]

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A New Era Begins w/Schramm T500XD Telemast Drill Rigs

                                                                                                                                                            West Chester, PA, March 19, 2013 – Our new walking, talking Schramm T500XD Telemast® drill rig rated 500,000 lb. hook load is on its way to the Marcellus and Utica Shale in a compact eight truckload package. This rig sets a new standard with full 360 degree walking portability for fast moves from hole […]

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Fluid ends designed for lower stress, longer life

GardnerDenver recently unveiled its latest innovation in fluid ends featuring its proprietary Falcon Technology. In its new TLS 10 fluid ends, the company has developed a twist-in retainer that does not require special alignment to the valve cover, as the gun-sight design of its counterpart does, but maintains compatibility with both. The result is lower […]

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Caterpillar Unveils Increased Power Ratings for CM Offshore Oil and Gas Generator Sets

New ratings available for offshore drilling and production  Houston, Texas– Caterpillar Inc. is pleased to announce the availability of higher rated Cat® 12CM32C and 16CM32C generator sets, offering industry-leading power densities.  Designed specifically for offshore drilling and production applications including drillships, semi-submersible rigs, FPSOs and production platforms, these generator sets offer 560 bkW per cylinder, […]

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