More Drilling Operations News

Schlumberger subsidiary pleads guilty to violating US sanctions

Mar 26, 2015

Schlumberger Oilfield Holdings Ltd. (SOHL) agreed to plead guilty and pay a fine of more than $232.7 million for conspiring to violate the International Emergency Economic Powers Act (IEEPA) by willfully facilitating illegal transactions and engaging in trade with Iran and Sudan, the US Department of Justice announced on Mar. 25.

SPE/ICoTA: Oil field services market to contract, rebound quickly

Mar 24, 2015

In a keynote speech to attendees of the 2015 Coiled Tubing & Well Intervention Conference & Exhibition, Richard B. Spears, an oil field services market researcher, says the worst may be yet to come for that market, but a partial recovery also could come sooner than expected.

BHI: US rig count plunges in 15th straight week, spurred by offshore dropoff

Mar 20, 2015

The US drilling rig count fell 56 units—41 of which targeted oil—to settle at 1,069 rigs working during the week ended Mar. 20, capping off the 15th consecutive week in declines, according to data from Baker Hughes Inc.

Counties, associations challenge DOI’s Greater Sage Grouse tactics

Mar 20, 2015

A coalition of national and regional oil, gas, coal, and mining associations and county governments in four Rocky Mountain states charged three US Department of the Interior agencies with using bad science and poor information to make public lands and Endangered Species Act listing decisions for the Greater Sage Grouse.

Transocean reports plans to scrap four rigs, stack four more

Mar 19, 2015

Transocean Ltd. plans to scrap four of its offshore drilling rigs and stack four others, according to its latest fleet status update.

SPE/IADC: Collaboration, innovation must transcend oil price

Mar 18, 2015

Leaders from oil and gas operators and drilling contractors were empanelled Mar. 17 at the 2015 SPE/IADC Drilling Conference & Exposition to tackle the issue of delivering wells in a changing world.

Cue buys out PetroChina in Indonesian PSC

Mar 16, 2015

Cue Energy Resources Ltd., Melbourne, has completed acquisition of PetroChina’s 60% interest in the Mahakam Hilir production-sharing contract in Indonesia’s Kutei basin.

Production from Pluto LNG plant shut following Cyclone Olwyn

Mar 16, 2015

Woodside Petroleum Ltd. has temporarily shut-in production at its Pluto LNG plant after the Atwood Osprey submersible drilling rig drifted near Pluto flowlines during Cyclone Olwyn, which impacted the Australia’s northwest coast on Mar. 12.

BHI: US rig count down in 14th straight week, loses 67 units

Mar 13, 2015

The US drilling rig count plunged 67 units—64 on land and 56 targeting oil—to settle at 1,125 rigs working during the week ended Mar. 13, according to data from Baker Hughes Inc.

TAEP: Year of ‘dramatic contraction’ under way in Texas oil, gas employment

Mar 13, 2015

The Texas Petro Index (TPI) dropped seven points to 299.6 during January compared with December, reflecting low crude oil prices, a falling rig count, and decline in drilling permits.

Hazard seen behind North American rig upturn

Mar 13, 2015

Wells not completed while oil prices are low might foreshorten recovery of North American drilling, even if the upturn arrives sooner than expected, analysts warn.

ExxonMobil resumes drilling from Point Thomson near ANWR

Mar 12, 2015

Following years of legal wrangling, ExxonMobil Corp. has resumed drilling in the high-pressure Point Thomson gas-condensate field on Alaska’s North Slope near the Arctic National Wildlife Refuge (ANWR).

US rig plunge seen hastening recovery

Mar 12, 2015

The plunge in US drilling should help the oil market recover faster than had been expected, says an Oppenheimer analyst.

Pennsylvania’s DEP releases proposed changes to well site regulations

Mar 10, 2015

Pennsylvania’s Department of Environmental Protection (DEP) proposed changes to its regulations governing oil and gas well sites. The proposals aim to improve water resource protection, add public resource considerations, protect public safety, address landowner concerns, and enhance transparency by improving data management, DEP said.

EIA: Eagle Ford, Bakken oil production to fall in April

Mar 10, 2015

US shale oil production is expected to increase by a mere 1,000 b/d from March to April, according to the Energy Information Administration’s Drilling Productivity Report (DPR), signifying a slowdown in growth caused by reduced company budgets and a shrinking rig count.

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