Technavio has published a new report on the global drill bits in oil and gas industry, which is expected to grow at a CAGR of more than 4% from 2015-2019. The company says that the persistent decline in prices during the forecast period…
The pending Halliburton and Baker Hughes mega merger will result in additional divestures of businesses for the approval of the US$34.6 billion deal, which is also under a three-week delay with the Antitrust Division of the US Department of Justice (DOJ)…
The Halliburton and Baker Hughes US$34.6 billion proposed merger is getting an extension of about 90-days after the two oil giants entered into a timing agreement with the Antitrust Division of the US Department of Justice (DOJ) for its review…
Swedish headquartered Lundin Petroleum has started spinning two drill bits on the Norwegian Continental Shelf - on Alta, in the Barents Sea, and one on the Edvard Grieg discovery, in the Norwegian North Sea. Both are appraisal wells.…
Suncor Energy Norge's Niobe exploration well has been classified as a dry well, according to the Norwegian Petroleum Directorate. The well, 25/10-13 S, in production licence 571, was drilled in 119mm water depth, in the central part of…
The North Sea operation of a global independent energy company has just completed a contract and was the first to use what is believed to be the world’s largest oilfield drilling bit. Varel Oil & Gas Dill Bits was commissioned by Hess Corp…
Jerry Lee and Greg App examine how lasers could be used for not just drilling, but for completions and well intervention projects, too. Laser drilled sandstone core sample. Images from ZerLux Hungary Ltd…
Houston-based Halliburton announced it will separately market for sale the company’s fixed cutter and roller cone drill bits, directional drilling and logging-while-drilling (LWD), measurement-while-drilling (MWD) businesses. The announcement…
LUKOIL-Nizhnevolzhskneft established a new world record in horizontal drilling with a significant bottom displacement. Well No. 108, drilled from an offshore ice-resistant stationary platform at Yuri Korchagin field in the Caspian Sea, went down 4908m in the 9…
Resonance enhanced drilling could help speed up drilling time and efficiency. Elaine Maslin reports. Professor Marian Wiercigroch with the vertical RED full scale experimental rig. Images from the University of Aberdeen…
Automation on the drillfloor has been slow to take off – but it is coming as advances in enabling technologies are made. Elaine Maslin looks at work ongoing in the field. Automation on the drillfloor has been slow to take off – but it’s coming and there will be no going back…
ExxonMobil's subsidiary Esso Australia has started a five-well drilling campaign at the Turrum field as part of its ongoing investment in Bass Strait to develop new gas supplies. The AU$335 million investment in drilling four gas wells and one oil well follows the start-up of the $4…
OE spoke with experts from Halliburton, Hess and Weatherford to answer the question: “What have been the top achievements in drilling technology in the last five years?” Hess Corp. List provided by Dr…
Baker Hughes and Halliburton are in ‘preliminary discussions’ in regards to a possible merger between the two oil services providers, Baker Hughes confirmed on 14 November. “These discussions may or may not lead to any transaction. Baker…
Tercel Oilfield Products released its new premium series Roller Cone Drill Bits. Tercel’s premium bearing roller cone bit line has precision machined bearing races that are matched to provide the optimum fit and finish for extended operations…
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