Fracking

Archer secures drilling contract

Archer Limited has announced the signing of a new five-year contract with YPF for the provision of drilling services in Vaca Muerta, Argentina. Valued at an estimated 600 million dollars, the agreement covers the provision and operation of seven advanced drilling rigs and represents a further strengthening of the long-standing collaboration between the two companies to deliver safe, efficient and technologically advanced drilling operations in the region. Under the terms of the contract, Archer will provide and operate seven drilling rigs equipped with integrated Managed Pressure Drilling systems. Two of the rigs will be leased internationally, adding additional drilling capacity to Argentina’s onshore sector. In addition to the firm five-year term, the agreement includes an option to extend for a further two years... > read more

Atlas Energy Solutions announces acquisition

Atlas Energy Solutions Inc. has completed the acquisition of PropFlow, LLC, a leading provider of patented on-wellsite proppant filtration technology. The transaction, which closed on July 28, 2025, strengthens Atlas' proppant handling capabilities as part of the company's comprehensive mine-to-blender proppant logistics strategy. PropFlow specializes in cutting-edge on-wellsite proppant filtration systems that eliminate proppant debris at the wellsite, reducing maintenance costs and downtime for fracturing equipment while supporting continuous 24/7 pumping operations. The technology addresses operational challenges that can impact completion efficiency and equipment reliability during hydraulic fracturing operations... > read more

Baker Hughes launches GuardVibe

Energy technology company Baker Hughes announced Thursday the commercial launch of its GuardVibe™ torsional vibration dampener, introducing an innovative solution designed to address the persistent challenge of high-frequency torsional drill string vibrations in oil and gas drilling operations. The new technology promises to extend bottom hole assembly (BHA) service life while reducing capital costs and minimizing unplanned downtime for operators. The GuardVibe system distinguishes itself from conventional vibration mitigation technologies through its unique approach to torsional vibration management. Rather than focusing on traditional bit-induced stick-slip management methods, the technology employs internal inertia mass to actively counteract torsional vibrations. This field-proven design eliminates the mechanical and electrical failure mechanisms that have historically plagued existing solutions, addressing long-standing reliability concerns in the drilling industry... > read more

ConocoPhillips boosts processing efficiency

ConocoPhillips has significantly enhanced its Zia Hills asset in New Mexico with the launch of Zia Hills Central Facility 2 (CF2), a state-of-the-art processing facility that optimizes operational costs, expands capacity, reduces surface footprint, and curbs emissions. CF2, operational since January 2024, integrates with the existing CF1 facility within the 13,000-acre Delaware Basin East unit. The new facility processes up to 30,000 barrels of oil per day and 75,000 barrels of water per day, compared to CF1's capacity of 18,000 barrels of oil and 30,000 barrels of water daily. Both facilities can process 120 million standard cubic feet of natural gas per day.... > read more

Baker Hughes and Cactus create joint venture

Baker Hughes, a global energy technology company, has announced an agreement to establish a new joint venture with a subsidiary of Cactus, Inc. Under the terms of the agreement, Baker Hughes will contribute its Surface Pressure Control product line to the venture, while Cactus will take operational control and hold a 65 percent ownership stake. Baker Hughes will retain a 35 percent interest. The joint venture will operate independently from Cactus’ existing Pressure Control business and will focus on strengthening its position in the international market for surface wellhead and production tree systems... > read more

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Wellsite Innovation investment in 2024

As leading wellsite organizations aim to foster more efficient, productive, and sustainable upstream operations, investment...
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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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Blackfoot Drilling License Reinstated

On Friday, September 23, a US federal judge ordered the Biden administration to reinstate a drilling lease that has been ... > read more

Tellurian LNG Project Uncertainty

Tellurian has withdrawn a $1 billion high-yield bond sale, leaving the future of its US natural gas export project in limbo ... > read more

Origin to Quit Controversial Project

Origin Energy boss Frank Calabria has denied investor pressure is prompting the energy giant to accelerate its transition ... > read more

Kinetik and WaterBridge to Join the PSP

The Permian Strategic Partnership (PSP) has said that two new companies, Kinetik and WaterBridge, will join the Partnership, ... > read more

TGS US Gulf of Mexico Amendment Phase II

TGS, a global provider of energy data and intelligence, introduces Amendment Phase II, a continuation of its ultra-long offset ... > read more

EQT Deal Expands Its Marcellus Holdings

EQT Corp, the largest US natural gas producer, agreed to acquire a privately held competitor in a $5.2 billion deal to expand ... > read more

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Liberty Energy Deny Energy Transition

On Monday, August 29, Chris Wright, Liberty Energy CEO, told Bloomberg that the US is not in the middle of an energy transition, ... > read more

Shale Output To Remain at Current Level

US shale oil drillers continue to show little sign of responding to high global prices with more production, only now it's ... > read more

Tellurian Announces EnSight Purchase Agreement

Tellurian has announced that its wholly owned subsidiary Tellurian Production (TPC) has entered into an agreement to purchase ... > read more

North American shale operators’ ESG focus

Rystad Energy has evaluated the ESG performance of a peer group of 43 public oil and gas producers in the US and Canada, ... > read more

US Considering ConocoPhillips’ Project

The Biden administration has unveiled an environmental analysis for ConocoPhillips' planned $6 billion Willow oil and gas ... > read more

Halliburton Introduces Hedron PDC Bits

Halliburton Company introduced the new Hedron™ platform of fixed cutter polycrystalline diamond compact (PDC) drill bits. ... > read more

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$Re-fracs Cheap Way To Lift US Oil Output$

Re-fracs Cheap Way To Lift US Oil Output

US shale oil producers are returning to existing wells and giving them a second, high-pressure blast to lift output for a ... > read more

‘Major Acquisition’ For Warrior

Warrior Technologies has announced the acquisition of a large division of a private Permian Basin-based firm, which will ... > read more

Dril-Quip Announces Decarbonization Targets

Dril-Quip, Inc has set its decarbonization targets to align with a 1.5°C global warming pathway and the ambitions of the ... > read more

VAALCO Energy Announces Successful Drilling

VAALCO Energy Inc has announced the successful drilling of the South Tchibala 1HB-ST well that was drilled from the Avouma ... > read more

Pemex To Spud Well Offshore Mexico

Mexico’s national hydrocarbons commission CNH has approved plans submitted by state-owned company Pemex to run a shallow-water ... > read more

Texas Drilling Permits Up Substantially

The number of original drilling permits issued by the Railroad Commission of Texas in April 2022 rose 29 percent to 946, ... > read more

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Shale Drilling Getting More Expensive

Inflation in the oil sector is worsening and industry executives see no reason to expect cost pressures on everything from ... > read more

Devon Energy’s New Mine Will Save $200k

Devon Energy Corp, one of the biggest oil explorers in the Permian Basin, is getting into the sand business to combat rising ... > read more

SPM Oil & Gas Introduces New Frac Iron System

SPM Oil & Gas, an upstream provider of pressure pumping and pressure control equipment and services, announced an innovation ... > read more

Liberty Oilfield Posts Best Sales in Years

Liberty Oilfield Services Inc posted its best quarterly sales since going public more than four years ago as the global energy ... > read more

Halliburton Raises North American Spending Out

Halliburton Co said North American oil and natural gas drillers will lift spending by 35 percent this year, an increase from ... > read more

Permian Explorers Drill Deep Into Fracklog

Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month leaving ... > read more