Due to the COVID-19 pandemic and the lower oil price environment, Maersk Drilling revealed plans on April 24 to adapt its offshore crew pool.
Weatherford International Plc revealed on April 21 that its Vero automated connection integrity has successfully completed 100 runs and 33,000 tubular connections in operations worldwide since its market debut. Vero applies artificial intelligence (AI) to minimize safety risks and validate well integrity from the wellhead to total depth.
The Anglo-Dutch company slashed its 2020 spending plans by a fifth as measures to halt the spread of the virus led to an unprecedented drop in oil demand and sent oil prices to their lowest in two decades.
There is no doubt that the world, not just the oil and gas industry, is going to be fundamentally different when we get on the other side of this global crisis, Subsea UK CEO Neil Gordon says.
Middle Bakken and Upper Three Forks producers completed by Continental Resources plus results from a Haynesville Shale discovery in Louisiana’s Bossier Parish top this week’s drilling activity highlights from around the world.
With Brent hovering around US$30/bbl, the resilience of the oil sector is once again being pushed to its limit. What does this mean for the U.K. and Norway upstream industry?
TGS, a leading provider of multi-client geoscience data for E&P companies, said April 2 that it will be commencing the Atlantic Margin 20 (AM20) 3-D multiclient project as soon as the marine seismic acquisition season gets underway in north-west Europe this summer.
Western Europe’s biggest producing oil field is now expected to hit a daily output rate of 470,000 barrels in early May, above the 440,000 barrels per day (bbl/d) peak that had initially been penciled in for mid-year, the company said.