SLB, formerly Schlumberger, said in an Oct. 26 release it plans to integrate Gyrodata’s wellbore placement and surveying technologies within SLB’s well construction business.
Here’s how Big Data is informing intelligent design for drilling operations, according to experts from U.S.-based land drilling companies Patterson-UTI and Helmerich and Payne.
Despite fluctuating oil and gas prices, the Gulf of Mexico rig market remains strong with a few of the majors holding a monopoly over rigs within the region.
ADNOC’s offshore operations are supporting the company’s goal to increase production capacity to five million bbl/d by 2030 and enable gas self-sufficiency for the United Arab Emirates (UAE), ADNOC said.
The biggest increase in rigs was in the Permian Basin in Texas and New Mexico, the biggest U.S. oil field, which rose by three to 343 this week, the most since August.
Land drill rig day rates have increased in a number of regions due to an increase in drilling demand combined with higher commodity pricing. In the U.S., in particular, day rates have increase by 25% in 2022, according to Westwood’s latest analysis.
System uses space-age guidance technology to help oil and gas drillers land their wellbores in the right location.
Oil companies are "evaluating the opportunity to deploy incremental capital in North America to modestly grow production," Liberty Energy shared in its recent earnings call.
The world’s first eighth-generation drillship, the Deepwater Atlas, is expected to begin operations at the Shenandoah project in the Gulf of Mexico later this year, according to a Transocean release.
The rig divestment aims to address potential “issues related to lessening of competition created by the business combination” between Noble Corp. and Maersk Drilling initially announced last November.