Nabors Industries and Caturus Energy have launched the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system in the U.S. The rig enables complex well designs, including 4-mile laterals and 14,000+ ft depths, setting new benchmarks for efficiency, safety and lower-carbon operations. SourceContinue Reading
GeoPark has acquired operated interests in the Loma Jarillosa Este and Puesto Silva Oeste blocks in Argentina’s Vaca Muerta shale from Pluspetrol, adding 12,300 acres, immediate production and growth to 20,000 boed by 2028. SourceContinue Reading
Nabors Industries and Caturus Energy have launched the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system in the U.S. The rig enables complex well designs, including 4-mile laterals and 14,000+ ft depths, setting new benchmarks for efficiency, safety and lower-carbon operations. SourceContinue Reading
SLB has secured a major Petrobras contract for up to 35 ultra-deepwater wells in Brazil’s Santos Basin Atapu and Sépia fields, deploying advanced electric completions and digital technologies to enhance production and reservoir management. SourceContinue Reading
Aker BP and FourPhase have executed the first-ever remote offshore solids management operation in the North Sea. The two-month project reduced offshore exposure, improved efficiency and safety, and set a new benchmark for future digital and remote well interventions. SourceContinue Reading
Nabors Industries and Caturus Energy have launched the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system in the U.S. The rig enables complex well designs, including 4-mile laterals and 14,000+ ft depths, setting new benchmarks for efficiency, safety and lower-carbon operations. SourceContinue Reading
bp no longer expects global oil demand to peak this year, projecting growth through the 2030s instead. In its latest Energy Outlook, the company forecasts demand reaching 103.4 million barrels a day by 2030. SourceContinue Reading
WellSense and FrontRow Energy Technology Group completed their first technology divestment as Halliburton acquires a global license for FiberLine Intervention (FLI) well diagnostics technology, advancing well stimulation monitoring and efficiency in the oilfield sector. SourceContinue Reading
Weatherford has secured an eight-year contract with Romgaz, Romania’s largest natural gas producer, to deploy real-time digital wellsite monitoring and AI-enabled production optimization. The deal marks Romgaz’s first use of such technology, enhancing efficiency across thousands of wells. SourceContinue Reading
