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

Prev Next

Wellsite Innovation investment in 2024

As leading wellsite organizations aim to foster more efficient, productive, and sustainable upstream operations, investment...
> 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

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

Previous Fracking News

Schlumberger Awarded Indian Fracking Contract

Oilex and Schlumberger have executed a Letter of Intent (LOI) for the Schlumberger supply of hydraulic fracturing services, ... > read more

Murphy Oil’s First Oil At Gulf of Mexico

Murphy Oil Corp has achieved first oil from the Khaleesi, Mormont and Samurai field development project in the deepwater ... > read more

Frac Sand Is Three Times More Expensive

Sand for fracking is now three times as expensive as it was last year, and it's one of several reasons US oil production ... > read more

Shale Driller Rockcliff Energy $4 Billion Sale

Rockcliff Energy LLC, a private equity-backed natural gas explorer, has been speaking with advisors as it evaluates takeover ... > read more

APA Corp Completes In Delaware Basin

APA Corp has announced subsidiaries of the company completed the sale of a Delaware Basin mineral package to an undisclosed ... > read more

Resourcing Talent In Digital Oil And Gas

Candice Ragnes, E&P Consulting, Houston, US, reports on resourcing talent in digital oil and gas, and why the industry has ... > read more

Previous Fracking News

Exxon Weighs Bakken Asset Sale

ExxonMobil Corp is considering a sale of assets in North Dakota’s Bakken shale after being approached by interested parties, ... > read more

US Should Subsidize Frackers

US President Joe Biden’s administration should step in to subsidize fracking operations, according to Michael Harris of ... > read more

API: Oil & Natural Gas Contribution

The US oil and natural gas industry supports the American economy like no other industry, says the American Petroleum Institution ... > read more

Outlook For Shale Growth ‘Dire’

CERAWeek by S&P Global is being held in Houston, one of the energy industry’s biggest annual gatherings and one that hasn’t ... > read more

Enverus: Upstream M&A Up 25 Percent

Enverus has released its summary of 4Q21 and full-year 2021 US upstream M&A. In the second year of a COVID-influenced market, ... > read more

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

Previous Fracking News

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

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 has entered into a contract to provide electric pressure pumping services for the operating subsidiaries ... > read more

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

US giant ExxonMobil and QatarEnergy have won a prized offshore exploration block southwest of Cyprus, even as Turkey has ... > read more

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

Previous Fracking News

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 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

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’

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 has secured a $635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré. The ... > read more

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