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Top Fracking Stories

Vaalco’s First Well In 2021/2022 Campaign

VAALCO Energy, Inc has commenced its 2021/2022 drilling campaign offshore Gabon with the Etame 8H-ST well. Under a drilling contract announced by VAALCO in early summer, a jack-up rig provided by Borr West Africa Assets Inc, an affiliate of Borr Drilling Limited was recently deployed to the Etame platform and has commenced activities on the Etame 8H-ST development well which is expected to be completed in January with production expected later in the first quarter of 2022. This sidetrack of an existing well is targeting existing Gamba hydrocarbons in the Etame field that have not previously been produced by prior wells, and is the first well of a four-well campaign. George Maxwell, VAALCO’s CEO, commented: “Enhancing our production, reducing our costs and extending the economic life at Etame has been the driving force for VAALCO’s continued success. This summer we secured a jack-up rig for our 2021/2022... > read more

Ashtead Technology Bolsters Rental Fleet

International subsea equipment rental and solutions specialist Ashtead Technology has further strengthened its rental fleet with a significant investment in iXblue subsea navigation systems. The investment includes the addition of further Rovins and Rovins Nano inertial navigation systems as well as Octans attitude and heading reference systems which are now available to rent throughout the company’s nine international technology and service hubs. Based on fibre-optic gyroscope technology, iXblue navigation solutions have become a standard in the offshore industry. Equipping over 80 percent of the subsea vehicles used in the energy and geoscience industries, iXblue inertial navigation systems and attitude and heading reference systems... > read more

US Well Services New Contract

US Well Services has entered into a contract to provide electric pressure pumping services for the operating subsidiaries of Callon Petroleum Company in the Permian Basin and the Eagle Ford Shale for up to three years. "We are excited to support Callon's long-term completion program and build off of our shared success from the field trial earlier this year where Callon eliminated 270,000 gallons of diesel fuel needs, reduced greenhouse gas emissions, and delivered over 160 frac stages in a safe and efficient manner," said Joel Broussard, US Well Services' President and CEO. "Callon is a premier E&P operator, and the decision to contract an all-electric Clean Fleet as part of their completion program demonstrates Callon's commitment to environmental stewardship, safety and efficiency. We look forward to delivering best-in-class performance, GHG emissions reductions and industry-leading fuel cost savings."... > read more

ExxonMobil Awarded Offshore Cyprus

US giant ExxonMobil and QatarEnergy have won a prized offshore exploration block southwest of Cyprus, even as Turkey has threatened to block any potential drilling activities in this and other acreage. Cyprus' energy minister Natasa Pilides said it awarded exploration rights for offshore Block 5 to the US-Qatari players following approval of the Cypriot cabinet. ExxonMobil will take a 60 percent stake in the block, while QatarEnergy will hold the balance 40 percent stake, she said. The Block 10 offshore discovery is expected to hold up to 8 trillion cubic feet of gas. ExxonMobil has been preparing to restart drilling activities in Block 10, aimed at appraising the huge gas discovery. The appraisal activities were expected to kick-start in 2020 but got delayed due to coronavirus concerns and low sustained low oil prices... > read more

Reliance Exits Shale Gas Business

Reliance Eagleford Upstream Holding LP, a wholly owned step-down subsidiary of Reliance Industries Limited (RIL), has announced the signing of agreements with Ensign Operating III LLC to divest its interest in certain upstream assets in the Eagle Ford shale play in Texas. With this transaction, Reliance has divested all its shale gas assets and has exited from the shale gas business in North America. A Purchase and Sale Agreement was signed between REUHLP and Ensign on November 5 2021 for this sale. According to Reliance, the sale is at a consideration higher than the current carrying value of the assets... > read more
Top Three Featured Fracking Articles
Hilcorp Employees In Line For $75k Bonuses

Hilcorp Employees In Line For $75k Bonuses

Oil driller Hilcorp Energy Co is lavishing $75,000 bonuses on employees as reward for reaching multi-year expansion and production...
> read more
Shale Drillers’ Discipline Pays Off

Shale Drillers’ Discipline Pays Off

Shale drillers’ newfound commitment to production discipline appears to be paying off as crude plunges toward a bear market....
> read more
US Shale Producers Remain Disciplined

US Shale Producers Remain Disciplined

Most US shale producers are being conservative in their production and capital guidance, as priorities remain around protecting...
> read more
Fracking News
Vaalco’s First Well In 2021/2022 Campaign

Vaalco’s First Well In 2021/2022 Campaign

VAALCO Energy, Inc has commenced its 2021/2022 drilling campaign offshore Gabon with the Etame 8H-ST well. Under a drilling ... > read more
Ashtead Technology Bolsters Rental Fleet

Ashtead Technology Bolsters Rental Fleet

International subsea equipment rental and solutions specialist Ashtead Technology has further strengthened its rental fleet ... > read more
Hilcorp Employees In Line For $75k Bonuses

Hilcorp Employees In Line For $75k Bonuses

Oil driller Hilcorp Energy Co is lavishing $75,000 bonuses on employees as reward for reaching multi-year expansion and production ... > read more
US Well Services New Contract

US Well Services New Contract

US Well Services has entered into a contract to provide electric pressure pumping services for the operating subsidiaries ... > read more
US Shale Capital Spending Increase

US Shale Capital Spending Increase

Increased oil and gas prices should lead to increased spending in US shale plays in 2022, with Rystad Energy projecting an ... > read more
ExxonMobil Awarded Offshore Cyprus

ExxonMobil Awarded Offshore Cyprus

US giant ExxonMobil and QatarEnergy have won a prized offshore exploration block southwest of Cyprus, even as Turkey has ... > read more
Fracking News
Shale Drillers’ Discipline Pays Off

Shale Drillers’ Discipline Pays Off

Shale drillers’ newfound commitment to production discipline appears to be paying off as crude plunges toward a bear market. ... > read more
Reliance Exits Shale Gas Business

Reliance Exits Shale Gas Business

Reliance Eagleford Upstream Holding LP, a wholly owned step-down subsidiary of Reliance Industries Limited (RIL), has announced ... > read more
McDermott Delivers Denmark Offshore Project

McDermott Delivers Denmark Offshore Project

McDermott has successfully completed its first delivery with sail away on August 24, 2021 of two bridges and a flare for ... > read more
New All-Electric Fracking Solution

New All-Electric Fracking Solution

Halliburton and VoltaGrid have entered into a multi-year contract with Aethon Energy to deploy an advanced, all-electric ... > read more
Electric Fracturing ‘Catching On’

Electric Fracturing ‘Catching On’

Low-carbon hydraulic fracturing is gaining traction across the US. Typically, the process of fracturing shale rock formations ... > read more
SBM Offshore Loan for FPSO Almirante Tamandaré

SBM Offshore Loan for FPSO Almirante Tamandaré

SBM Offshore has secured a $635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré. The ... > read more
Fracking News
US Shale Producers Remain Disciplined

US Shale Producers Remain Disciplined

Most US shale producers are being conservative in their production and capital guidance, as priorities remain around protecting ... > read more
ConocoPhillips-Backed Solaris Prepares IPO

ConocoPhillips-Backed Solaris Prepares IPO

ConocoPhillips-backed Solaris Midstream Holdings, the water pipeline company serving the US oil and gas fracking industry, ... > read more
Surge Energy Highlights Green Performance

Surge Energy Highlights Green Performance

Surge Energy US Holdings Company has announced a top quartile water conservation performance in the Permian Basin. Surge ... > read more
ConocoPhillips Executes SmartFleet

ConocoPhillips Executes SmartFleet

Halliburton has successful executed its SmartFleet intelligent fracturing system with a major operator in the Permian Basin. “We ... > read more
SM Reports On Sustainability

SM Reports On Sustainability

SM Energy Company has published its updated 2020 Sustainability Accounting Standards Board (SASB) report for oil and gas ... > read more
US Well Services Transitions In Q2

US Well Services Transitions In Q2

US Well Services, the Houston-based provider of hydraulic fracturing services and a market leader in electric fracture stimulation, ... > read more
Fracking News
Midland Basin Accounts For 15%

Midland Basin Accounts For 15%

Production increases from the Permian Basin (particularly the Midland Basin) contributed to record US crude oil and natural ... > read more
Chesapeake Buys Vine

Chesapeake Buys Vine

Chesapeake Energy Corporation is to acquire rival Vine Energy, an energy company focused on the development of natural gas ... > read more
FTS Back To Cash

FTS Back To Cash

The Fort Worth-based hydraulic fracturing company FTS International has reported a 77% sequential increase in adjusted pretax ... > read more
NexTier Acquires Alamo

NexTier Acquires Alamo

NexTier Oilfield Solutions is to purchase Alamo Pressure Pumping for $268m to accelerate its next generation tech strategy. ... > read more
Chesapeake Deploys Electric Fracturing On Marc

Chesapeake Deploys Electric Fracturing On Marc

Halliburton and VoltaGrid have successfully deployed the first advanced electric fracturing solution, the first pad in a ... > read more
NexTier Launches Fueling Services In Permian B

NexTier Launches Fueling Services In Permian B

NexTier Oilfield Solutions has launched its Power Solutions division, a business dedicated to providing comprehensive fueling ... > read more