Rystad Energy: oil and gas drilling set for at least a 20-year low in 2020
A Rystad Energy analysis shows the number of drilled wells globally is expected to reach around 55 350 this year, the lowest since at least the beginning of the century.
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A Rystad Energy analysis shows the number of drilled wells globally is expected to reach around 55 350 this year, the lowest since at least the beginning of the century.
The cordless 'green seismic' technology is connected via wireless systems, in lieu of cables, so the technology does not require special heavy machinery to install them.
READ is now the selected operator of EV’s downhole video technology in Alaska.
ExxonMobil accepted the thermoplastic composite pipe jumper product for water injection purposes on its affiliates’ projects worldwide.
Pulse1 technology for production tubulars is designed to deliver five times the accuracy of conventional techniques, with ‘all around’ sensing of tube condition.
Approximately 80% of the oil and gas properties impairment losses are due to the significant and immediate reduction in oil and natural gas prices assumed up to 2025.
Head Energy was awarded the frame agreement for modifications at Brage in 2016 and the extension means that the contract now runs to 2022.
Profit before taxes amounted to US$151 million, compared to a loss before taxes of US$414 million in 1Q20.
Weatherford will project manage the drilling and completion of 20 wells in the Al-Nasiriyah field in the Dhi Qar province in southern Iraq.
Oil prices fell as the market expects OPEC+ to lower production curtailments, while Covid-19 slows demand recovery.
The preliminary calculation of the size of the discovery is between 0.9 and 1.5 million m3 of recoverable oil.
The company carried out electrical diagnostics for Serica Energy as part of a multi-year campaign of preventive maintenance on the subsea cable network.