Anna
Kachkova
Contributor
Saipem Sells Drilling Onshore Business to KCA Deutag for $550 Million
Italy-based energy services group Saipem agreed to sell its drilling onshore business to British oil drilling contractor KCA Deutag for $550 million and a 10% stake in the combined entity.
Popularity for Longer Laterals Grows in Permian Basin
With inflation playing a sizable role in Permian Basin operators’ spending, longer laterals could be a solution to offsetting inflationary costs, says Rystad’s Cole Wolf.
Permian Delaware Output to Hit Record High this Year: Rystad Energy
Private operators will be a significant driver of the record growth as they have reacted quickly to the elevated market, increasing activity and output.
Equinor, Exxon Agree to Expand Brazil Oil Operations
A second drilling rig, a second floating production platform and a gas pipeline are being considered for the next phase.
US Driller Helmerich & Payne’s Earnings Top Estimates as Activity Rebounds
U.S. drilling contractor Helmerich & Payne exited the quarter with 171 active rigs, an increase of 10% from the first quarter. It anticipates exiting the current quarter with 175 active rigs, it said in a release.
Executive Q&A: Patterson-UTI VP of Tech Shares Next Step in ESG Improvements
Through its application of energy-efficient services in traditional oil and gas operations, Patterson-UTI is ensuring drillers are able to operate both sustainably and productively.
‘Drill, Baby, Drill’ to Make a Permian Basin Comeback
A sharp uptick in Permian Basin permitting indicates that operators are ready to ramp up drilling activity.
Making Technological Strides in the Permian Basin
Executives from Halliburton and Schlumberger weigh in on what trends in technology are emerging in the Permian Basin.
Completions Lessons Learned: Innovations from Recent Years
Liberty Oilfield Services and Tendeka's latest technologies and services help bring down the costs of drilling and completions.
The Role of Cementing Technologies in Casing and Running Tool Pressure Testing Operations
DeltaTek's SeaCure technology provides stabbed-in inner string cement for casings and liners that will save operators time and money in field development operations.