Underutilized to this point, refracking wells has proved itself effective in boosting oil recovery.
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 saw a reduction in North American frac activity during the second quarter, a trend expected to continue in the back half of the year.
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.
MODEC is working toward a shallow methane hydrate harvesting system operating from an FPSO.
Chevron showcased its plans to safely deliver higher returns and lower its carbon footprint to attendees at URTeC.
The Scarabeo 8 drilled well, Norway’s longest exploration well on record, sits in 110 m of water.
Panelists at Hart Energy’s SUPER DUG conference emphasized automation’s ability to bring about much-needed reliability and consistency in the drilling space.
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.
A faster bit and an integrated MPD system aim to improve onshore drilling.