Blackstone Energy Partners Acquires Ulterra Drilling Technologies
Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies from affiliates of American Securities LLC. American…
How BP Found Shale Profits With 'Crystal Ball' Oilfield Technology
In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP's shale business turn a profit for the first time.Thousands of automated wells feed data on their performance into the firm's supercomputers each evening.
US DOE Directs $30 Mln to Small Oil, Gas Projects
Six small U.S. oil and natural gas drilling projects will receive about $30 million in federal funding for research and development to help achieve President Donald Trump's policy of boosting output of fossil fuels, the Energy Department (DOE) said on Wednesday.
U.S. Coal Exports Soar, Revived in Part by New Energy Policy
U.S. coal exports have jumped more than 60 percent this year due to soaring demand from Europe and Asia, according to a Reuters review of government data, allowing President Donald Trump's administration to claim that efforts to revive the battered industry are working.
Forum Delivers 350th RT Torque Machine
Forum Energy Technologies, Inc. said it has designed, manufactured, tested and delivered its 350th rotational torque (RT) torque machine to TAM International, a globally recognized downhole inflatable packer leader. The torque machine…
Schlumberger Buys Omron Oilfield and Marine
Schlumberger announced today that it has acquired Omron Oilfield and Marine, Inc., a U.S.-based OMRON Corporation group company, which is a global leader in automation technology and solutions. “The addition of Omron…
Schlumberger Acquires Novatek
Schlumberger announced today that it has acquired Novatek Inc. and Novatek IP, LLC., U.S.- based companies that specialize in synthetic diamond technology primarily for the oil and gas industry. The existing relationship…
Rosneft Production at Chayvo Field Crosses 1 mi
On May 25, Rosneft produced one millionth ton of crude oil at the Northern Tip of Chayvo field on the shelf of the Sakhalin Island. This milestone was reached just eight months after drilling of the first well at the…
Sakhalin-1 Sets Another Extended Reach Drilling Record
Rosneft as part of Sakhalin-1 Consortium has successfully completed drilling of the world’s longest well at the Chayvo field. O-14 production well was drilled with Orlan drilling platform in direction of the field’s south-eastern point.
Schlumberger Unveils UltraHT Drilling Technologies
Schlumberger announced today the launch of TeleScope ICE* ultrahigh-temperature measurements-while-drilling service and PowerDrive ICE* ultrahigh-temperature rotary steerable system (RSS). These new technologies enable…
Oil Price Drops Help Some, Hurt Others in US Economy
A plunge in energy prices helped many Americans spend more freely in November and December, but it also weighed on those with livelihoods tied to the oil industry, the Federal Reserve said on Wednesday. All told, the…
Putin Urges to Develop Russian Science
President Vladimir Putin said on Monday that Russia should make a leap in developing its fundamental science after Western powers limited the country's access to modern technology as part of sanctions over Moscow's actions in Ukraine.
An Open Arctic and its Impact on Oil Drilling
William Cho, Head of MatthewsDaniel Weather, a division of the Bureau Veritas Group, explains why improvements in drilling technologies and weather monitoring systems have made offshore shelf drilling operations in the…
Aker Solutions Starts Trading After Company Split
Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea…
Integrated Drilling Service Agreement to Schlumberger
Schlumberger Norway has been awarded a contract with Statoil to provide integrated drilling services for the Norwegian continental shelf licenses Gullfaks, Gullfaks Satellites, Snorre, Statfjord , Tordis/Vigdis, Visund.
Cairn India's 1Q Results for Period ended 30th June, 2014
Cairn India Limited (CIL), one of the fastest growing energy companies in the world, today announces its quarterly financial results for the period ending 30th June, 2014. Global Energy Rankings. Mr. Sudhir Mathur, Interim CEO…
Russia Targets Shale Oil Boom by Next Decade
Russia wants a boom in unconventional oil output by the start of the next decade, and is prepared to look east for technology if its ambitions are hindered by Western sanctions over the Ukraine crisis, Russian oil executives said.
