Sources say that Northern Oil and Gas is in the process of acquiring Granite Ridge, a smaller rival.
According to sources familiar with the situation, Northern Oil and Gas made a purchase offer for Granite Ridge Resources. Granite Ridge Resources is a small U.S. oil and gas producer that operates in the Permian and Eagle Ford basins. Sources said that Northern…
U.S. Natgas Demand, Price Nosedive Continues
U.S. natural gas futures held near a 21-month low on Tuesday, keeping the contract on track for its second-biggest monthly drop in history, as a decline in output from this week's extreme cold offset forecasts for warmer weather and less heating demand…
US Unveils $1.15 Billion for Abandoned Oil and Gas Well Clean-up
The Biden administration on Monday said it would make $1.15 billion available to states to clean up abandoned oil and gas wells as part of a broad effort to reduce U.S. climate warming emissions and improve health and safety in nearby communities.The…
New Water Dissolvable Frac Ball Tooling Launched
Victory Elements says its newly launched water dissolvable ceramic materials for hydraulic fracturing of oil and gas wells are designed to provide performance and cost advantages compared to conventional practices including faster completion times, reduced completion costs and less environmental impact.
U.S. Drillers Add Rigs for first Week in Eight
U.S. energy firms added rigs for the first time in eight weeks even as producers follow through on plans to reduce spending on new drilling.Companies added 4 oil rigs in the week to Dec. 13, bringing the total count to 667, energy services firm Baker…
Investors Brace for Poor US Shale Earnings
Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations.Major shale producers ConocoPhillips and Concho Resources this week…
Sinopec Resumes Output at Most Wells Shut by Typhoon
Sinopec Corp has resumed operations at most of the oil and gas wells at its top-producing oilfield, Shengli in east China, after thousands were shut due to typhoon Lekima, parent company Sinopec Group said on Wednesday.The state oil and gas firm has resumed production at 15…
65,000 Wells will be Drilled in 2019
Rystad Energy forecasts that the number of onshore and offshore oil and gas wells drilled globally will increase to around 65,000 in 2019.Activity levels are then projected to remain around this level through 2023, the energy research and business intelligence…
Noble Energy Q4 Disappoints, Lower CapEx Coming
Noble Energy posted quarterly profit on Tuesday that fell short of analysts' estimates, and forecast lower capital expenditure for 2019 citing a drop in oil prices.An unexpected drop in global crude oil prices and tight pipeline capacity in U.S. shale…
Wild Well Announces Onsite Training
Well control and engineering services firm Wild Well Control, Inc., a Superior Energy Services company, announced that it will offer well control training to drilling rig crews onsite with its rigsite well control Crew Training Unit.Wild Well is an provider certified well control training in the classroom…
Patterson-UTI Pulls Back Additional Hydraulic Fracturing Fleets
Oilfield services provider Patterson-UTI on Thursday said it would temporarily stop deploying new pressure pumping fleets to hydraulically fracture oil and gas wells due to oversupply in the market.Too many providers have made it difficult to fully utilize its pressure pumping equipment, especially during the
ClearWELL Scales Up North American Presence
Flow assurance and scale control specialist, ClearWELL Oilfield Solutions, has strengthened its U.S. presence with the appointment of two key positions.Brian Gaudin and John Simonson join the company as Director, Business Development and Business Development Manager, respectively.
Transocean Signs 11 Well Contract with Chevron Australia
The international provider of offshore contract drilling services for oil and gas wells Transocean announced that the ultra-deepwater semisubmersible GSF Development Driller I was awarded an 11-well contract (approximately 955 days) commencing offshore…
Texas Drilling Permits Fell in March, Completions Rise
Texas's energy regulator issued fewer new drilling permits in March than a year ago, but well completions rose, according to data released on Friday by the state.A total of 1,220 original permits were issued last month, down about 7 percent from the same time last year.
New Addition to DNV GL’s Veracity Platform
DNV GL will add a new third party software solution to Veracity, its open industry data platform, that is based on cleaned data collected from 80 000 oil and gas wells. AGR, the leading well design and drilling project management firm, has agreed to host its iQx software on the platform…
DNV GL’s Veracity Platform Expanded with iQx Software
DNV GL will add a new third party software solution to Veracity, its open industry data platform, that is based on cleaned data collected from 80,000 oil and gas wells. AGR, a well design and drilling project management firm, has agreed to host its iQx software on the platform…
Mexico's Oil Reform a Boon for Hard-hit Oil Service, Seismic Firms
Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms considering bidding for Mexican oil and gas blocks. Mexico will on Wednesday hold its most important…
Search Suspended for Worker Missing in US Oil Platform Blast
The U.S. Coast Guard has suspended the search for a worker missing from an oil production platform in Louisiana's Lake Pontchartrain that exploded and caught fire late on Sunday. Missing is Timothy Morrison, 44, of Katy, Texas, the Coast Guard said in a statement.
Update: Worker Missing after Oil Platform Explosion
The search continued for a worker missing from an oil production platform in Louisiana's Lake Pontchartrain that exploded and caught fire late Sunday, sending six others to hospital with injuries, the U.S. Coast Guard said. Coast Guard rescue crews and a helicopter failed to locate the worker overnight…
Transocean Retires Six Floaters
Transocean announced its intent to retire the ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco Express, Cajun Express, and Deepwater Pathfinder, and the deepwater floater Transocean Marianas. The rigs will be classified as held for sale and will be recycled in an environmentally responsible manner.
