Encore of the Oil Patch

Underutilized to this point, refracking wells has proved itself effective in boosting oil recovery.

E&P Highlights: July 24, 2023

Here’s a roundup of the latest E&P headlines, including ramping up production offshore Gabon and delays for Sangomar offshore Senegal in the upstream oil and gas industry.

Liberty Energy: Drilling, Completion Activity to Fall in Back Half of ‘23

Liberty Energy saw a reduction in North American frac activity during the second quarter, a trend expected to continue in the back half of the year.

Analysts: Patterson-UTI M&A May Continue After NexTier, Ulterra Deals

Patterson-UTI’s cash-and-stock acquisition of Ulterra Drilling Technologies enhances PTEN’s position in the drilling and completions market. After the recent merger announcement with NexTier, analysts wonder if PTEN might pursue more M&A.

Icebreaker: Technology to Mine Fiery Ice Underway

MODEC is working toward a shallow methane hydrate harvesting system operating from an FPSO.

Chevron’s Unconventional Answers to Success

Chevron showcased its plans to safely deliver higher returns and lower its carbon footprint to attendees at URTeC.

New Aker BP Discovery Pumps Yggdrasil Resources by 10%

The Scarabeo 8 drilled well, Norway’s longest exploration well on record, sits in 110 m of water.

Automatic for the People: Drillers Chase Consistency

Panelists at Hart Energy’s SUPER DUG conference emphasized automation’s ability to bring about much-needed reliability and consistency in the drilling space.

SUPER DUG: The Alchemy of Turning P&A Liabilities into Cash [WATCH]

Nissa Darbonne, Hart Energy’s executive editor-at-large, talks with ZeroSix Chief Commercial Officer Samantha Holroyd about turning plugging and abandonment liabilities into cash.

New Bit Fills Need for Drilling Speed, While Tool Brings MPD Onshore

A faster bit and an integrated MPD system aim to improve onshore drilling.