Tag Archives: drilling

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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Schlumberger Launches New Fluid Mapping-While-Drilling Service

SpectraSphere service uniquely enables the understanding of reservoir properties while drilling for improved reservoir characterization, well placement and reduction in overall well construction cost HOUSTON, May 3, 2017—Schlumberger today launched the new SpectraSphere* fluid mapping-while-drilling service at the 2017 Offshore Technology Conference. The service is the industry’s first to deliver downhole fluid composition during drilling […]

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Statoil Awards Transocean Two Rig Contracts

Statoil and license partners have decided to use the semisubmersible rig Transocean Spitsbergen on three exploration wells in the UK, and then on a six-well production drilling campaign on the Aasta Hansteen licence in Norway. The exploration drilling campaign in the UK will be conducted for the Mariner, Jock Scott and Verbier licenses, and is […]

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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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