The combined entities will offer advanced milling and swarf handling services to deliver permanent, verifiable, emission-free well barriers and highly predictable alternative zonal isolation solutions to the plugging and abandonment industry. SourceContinue Reading

Improving the imaging of the geology offshore Oman is both resolving uncertainties in the thrusts and fold belt plays and imaging the hitherto illusive stratigraphy below the decollement surface. SourceContinue Reading

The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment. SourceContinue Reading

Spears & Associates Managing Director Richard Spears’ talk, titled, How extreme financial discipline impacts drilling activity in 2022 and 2023, outlined what has caused oil companies to display uncharacteristic financial restraint, despite surging oil prices. SourceContinue Reading

Energy Workforce and Technology Council CEO Leslie Beyer said the Biden Administration’s plan to restart limited lease sales on federal lands, while raising royalty fees paid by oil and gas producers, and its decision to restore stricter reviews under NEPA will not significantly increase American energy security or immediately reduce energy costs for the consumer....Continue Reading

Halliburton Co. said North American oil and natural gas drillers will lift spending by 35% this year, an increase from the biggest fracer’s pre-Russian war forecast. SourceContinue Reading

The regulations will slow the permitting process for critical energy infrastructure dramatically and create new obstacles not only for natural gas and oil development but also the deployment of CCUS and hydrogen infrastructure, API said. SourceContinue Reading

The long-recognized significant safety risks associated with the manual emergency release of mooring systems are minimized with PODx (Powered Offshore Disconnect), a new automatic actuation system from Gall Thomson. SourceContinue Reading

Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half a decade. SourceContinue Reading

Petro-Victory Energy Corp. secured 19 new oil and gas blocks in the company’s core operating area, the Potiguar Basin onshore Brazil, the company announced. SourceContinue Reading