Fracking

National Drilling Company signs contract

As part of the agreement, Schlumberger will provide support to the National Drilling Company in drilling three wells for the Remas Libya Company in the Nesr and Al Waha fields. The signing ceremony took place in the Ras Lanuf Hall and was also attended by the chairman of the National Drilling Company, Abdul Moula Abu Fayed, as well as members of the company's management committee, Sultan Abdulaziz and Mohammed Hussein, and the general manager of Schlumberger Libya, Mustafa Ajaj. Speaking at the ceremony, NOC Board Member, Hussein Saffar, expressed his satisfaction with the agreement and said that it marks an important step in developing the Libyan oil sector. He added that it demonstrates the Corporation's commitment to working with companies from across the... > read more

SilverBow Resources announces acquisition

SilverBow Resources, Inc. have announced that it has entered into an agreement to acquire Chesapeake Energy Corporation’s oil and gas assets in South Texas for a purchase price of $700 million, comprised of a $650 million upfront cash payment due at closing and an additional $50 million deferred cash payment due 12 months post close, subject to customary adjustments. Chesapeake may also receive up to $50 million in additional contingent cash consideration based on future commodity prices. The Chesapeake Transaction has an effective date of February 1, 2023 and is expected to close by year-end 2023, subject to satisfaction or waiver of certain customary closing conditions, including the accuracy of the representations and warranties of each party, compliance by each party in all material respects with its covenants and the satisfaction of certain consent requirements... > read more

NOG provides update on 2023

Northern Oil and Gas, Inc. have provided an update to 2023 guidance and a preliminary second quarter financial and operational update. UPDATED GUIDANCE NOG is updating guidance for full year 2023 to reflect the following: Increase to production estimates reflecting better than expected well performance, contributions from the Forge and Novo acquisitions, and adjustments for certain changes to drilling and completion plans in 2023... > read more

SLB awarded five year contract

SLB has been awarded a five-year contract by Petrobras for an enterprise-wide deployment of its Delfi™ digital platform. The contract scope covers Petrobras’ digital transformation from exploration, development, and production operations, including moving subsurface workflows to the cloud to significantly accelerate decision making. The award represents one of Petrobras’ largest investments in cloud-based technologies and sets the foundation for it to achieve its decarbonization and net zero targets. “By leveraging AI, machine learning, and high-performance computing technology from SLB, Petrobras will drive aggressive efficiency and production increases across its E&P business,” comments Rakesh Jaggi, president, Digital & Integration, SLB. “Leveraging the Delfi platform to digitally transform Petrobras’ E&P workflows, will improve efficiency and demonstrates its commitment to sustainability and energy transition... > read more

Hess electrifies Bakken Rigs

Hess Corporation has replaced diesel fuel with electricity to power its four Bakken drilling rigs – a project that over the next five years is expected to reduce the greenhouse gas emissions from these rigs by approximately 50 percent and energy costs from these rigs by nearly 70 percent. The change has also reduced truck traffic, noise and odors that result from delivery and use of diesel fuel. If electrical power is interrupted, backup diesel generators are immediately deployed to avoid drilling disruption. During the project’s pilot in 2022, using electricity as the rigs’ primary energy source increased reliability through the provision of a secondary power source. It is also expected to reduce drilling downtime... > read more

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Crescent Point announces acquisition

Crescent Point Energy Corp. is pleased to announce that it has entered into an agreement with Spartan Delta Corp. to acquire...
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Schlumberger and RTI NAS Tech Scale Up

Schlumberger has entered into an agreement with RTI International, a non-profit research institute, to accelerate the industrialization...
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North America Drops Another Rig

North America dropped another rig week on week, according to Baker Hughes’ latest rig count, which was published on October...
> read more

Fracking News

National Drilling Company signs contract

As part of the agreement, Schlumberger will provide support to the National Drilling Company in drilling three wells for ... > read more

SilverBow Resources announces acquisition

SilverBow Resources, Inc. have announced that it has entered into an agreement to acquire Chesapeake Energy Corporation’s ... > read more

NOG provides update on 2023

Northern Oil and Gas, Inc. have provided an update to 2023 guidance and a preliminary second quarter financial and operational ... > read more

SLB awarded five year contract

SLB has been awarded a five-year contract by Petrobras for an enterprise-wide deployment of its Delfi™ digital platform. ... > read more

Hess electrifies Bakken Rigs

Hess Corporation has replaced diesel fuel with electricity to power its four Bakken drilling rigs – a project that over ... > read more

GA Drilling emphasizes advancements

GA Drilling mentioned Eavor as one of Canada’s leading Advanced Geothermal Systems (AGS) in a LinkedIn article. The ... > read more

Fracking News

NOG announces joint acquisition

Northern Oil and Gas, Inc. has announced that it has entered into a definitive agreement to acquire a 33.33 percent undivided ... > read more

Earthstone Energy announces

Earthstone Energy, a US-based oil and gas exploration and production company, has announced plans to acquire Novo Oil & Gas ... > read more

NOG announce joint acquisition of Forge Energy

Northern Oil and Gas, Inc. have announced that it has entered into a definitive agreement to acquire a 30 percent undivided ... > read more

Ovintiv to acquire core Midland Basin assets

Ovintiv Inc. has announced it has entered into a definitive purchase agreement to acquire substantially all leasehold interest ... > read more

Crescent Point announces acquisition

Crescent Point Energy Corp. is pleased to announce that it has entered into an agreement with Spartan Delta Corp. to acquire ... > read more

Marathon Oil announces agreement to develop

Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, announced it has signed a Heads of ... > read more

Fracking News

Callon Petroleum Company announces retirement

Callon Petroleum Company has announced L. Richard Flury's intention to retire from the Board of Directors following the 2023 ... > read more

Intertek to Provide Auditing Services

Intertek, a leading Total Quality Assurance provider to industries worldwide, is proud to announce that it is accredited ... > read more

American Robotics announce

Ondas Holdings Inc. a leading provider of private wireless data, drone, and automated data solutions through its wholly owned ... > read more

Brenntag acquires Tech Management

Brenntag, the global market leader in chemicals and ingredients distribution, has announced the acquisition of Tech Management ... > read more

PETRONAS Uses Halliburton Tech

Halliburton Company has said the implementation of the Halliburton Digital Well Program® and Digital Well Operation DecisionSpace® ... > read more

Shale Mogul’s $975 million from BP

Daniel Rice stands to receive about $975 million in cash from the sale of Archaea Energy, a renewable gas giant he helped ... > read more

Fracking News

Schlumberger and RTI NAS Tech Scale Up

Schlumberger has entered into an agreement with RTI International, a non-profit research institute, to accelerate the industrialization ... > read more

Permian Output to Hit Record in November

Oil output in the Permian in Texas and New Mexico, the biggest US shale oil basin, is forecast to rise by about 50,000 barrels ... > read more

Deal to Take Continental Private

Continental Resources has said it has agreed to be taken private by billionaire-founder Harold Hamm in a deal that would ... > read more

BP Targets North Sea and US Shale

BP is targeting the North Sea and US shale basins to boost oil and gas supplies in the short term in response to the global ... > read more

North America Drops Another Rig

North America dropped another rig week on week, according to Baker Hughes’ latest rig count, which was published on October ... > read more

Argentinian Shale’s Bottleneck Problems

Activity levels are at all-time highs in Argentina's prime oil and gas producing region, but equipment and transport bottlenecks ... > read more