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Month: July 2019

Halliburton signs a 3 year drilling contract with KOC

July 2, 2019
| Archives

US energy service provider Halliburton has secured an integrated offshore drilling services contract from Kuwait Oil Company (KOC) for six high-pressure high-temperature (HPHT) exploration wells utilising two jackup rigs in the Arabian Gulf. The company will provide and manage drilling, fluids, wireline and perforating, well testing, coring, cementing, coiled tubing, and all offshore logistical services. Additionally, Halliburton will

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For the oilfield service industry its survival of the one who can cut back the most…

July 2, 2019
| Archives

For the oilfield services industry, it’s no longer about merely navigating a downturn. It’s now about survival. Five years after crude began its plunge to less than $30/bbl from more than $100/bbl, the companies that drill and frack wells are living in a new world. The producers they work for have become increasingly efficient and cost-conscious, reacting to

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Top 5 stories from the month of June

July 2, 2019
| Monthly Rundown

  For this month we have Anadarko’s CEO with that huge amount of money, the first mobile offshore rig in the world, Mexico heating up with jackup work, floater activity increasing into 2021 and Seadrill grabbing some work for the West Capricorn. #1 with 1393 views Anadarko CEO gets $98 million payout #2 with 673 views The first mobile offshore drilling rig:

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Wyoming Bureau of Land Management enjoys 94% bid success and $22 million on recent land offering

July 1, 2019
| Archives

Over 94 percent of public land offered during the Wyoming Bureau of Land Management’s quarterly oil and gas sale received bids, further expanding the reach of energy development. The sale brought in $22 million, with about half the earnings going to the state. Second quarter earnings came in far below the $100 million collected in March — a month with

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Two killed on Shell’s Auger TLP

July 1, 2019
| Archives

Two people were killed and one injured on Royal Dutch Shell Plc’s Auger platform in the Gulf of Mexico on Sunday. The incident occurred at 9 a.m. local time during “a routine and mandatory test of our lifeboat launch and retrieval capabilities,†a company spokeswoman said in an emailed statement. The injured person is being treated at a hospital

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Popular News – Top 5 from this past week!

July 1, 2019
| Weekly Rundown

Below are our top 5 articles for the week of June 24 – June 30! #1 with 562 views “We foresee demand of 172 units by 2021†says Rystad on floater activity. #2 with 433 views Dolphin declares bankruptcy with $1 bln debt #3 with 202 views Maersk Drilling secures contracts for Maersk Valiant in Mexico #4 with 136 views Petrobras hands over $690.8 million

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