Earnings , Drilling , Digital Oilfield , Completions

Halliburton Profit Beats Estimates on Cost Cuts, Demand Recovery

Halliburton Co. posted a better-than-expected fourth-quarter profit on Jan. 19, buoyed by cost cuts and a recovery in demand for oilfield equipment and services after last year’s industry slump.

January 19, 2021

Drilling , Digital Oilfield , Logistics

IDS to Deploy Rig Reporting, Performance Analytics across Stena Drilling Fleet

Independent Data Services (IDS), a leading provider of cloud reporting and analytics for the oil and gas industry, has been awarded a six-figure fleet-wide deal on Jan. 13 with Stena Drilling for the world’s first fully integrated online reporting and analytics services. 

January 14, 2021

Exploration & Production , Drilling , Digital Oilfield

E&P Plus Drilling Automation: The Future of Remote Operations with Managed Pressure Drilling

Focusing on automation can remove operators from controlling the system.

January 4, 2021

Exploration & Production , Drilling , Digital Oilfield

E&P Plus Drilling Automation: Transforming Well Construction with Autonomous Directional Drilling

The well construction domain needs to transform and can do so by leveraging intelligent and autonomous systems.

January 4, 2021

Health, Safety & Environment , Drilling , Logistics

E&P Plus Mature Fields: When Poor Integrity Leads to Blowout

A case study reviews well integrity in ageing assets and the remediation efforts required in the aftermath of a land-based well blowout in the Middle East.

January 4, 2021

Investment , Drilling , Artificial Lift , Subsea

Equinor to Invest $345 Million to Improve Recovery Rate at North Sea Field

Equinor and its license partners have decided to invest NOK 3 billion (US$345 million) in the North Sea Statfjord Øst field to improve recovery by 23 million barrels of oil equivalent, the company said on Dec. 22.

December 22, 2020

Discoveries , Deepwater , Drilling

Petrobras Finds High Quality Oil in New Well at Giant Buzios Field

Brazil’s state-controlled oil producer Petroleo Brasileiro SA confirmed the presence of high quality oil on Dec. 22 after drilling a new well at Buzios, the country’s second-most productive field.

December 22, 2020

Company Profiles , Drilling

National Oilwell Varco Changes Name to NOV Inc.

National Oilwell Varco Inc. revealed plans to change its corporate name to NOV Inc., effective January 1, 2021. The company’s ticker symbol, NOV, will remain unchanged.

December 22, 2020

Drilling , Digital Oilfield , Logistics

HENDERSON Implements Data Gumbo Smart Contracts

This is the oil and gas industry’s first use of blockchain-based smart contracts between capital equipment sales, services, repair and maintenance operations, and signals a new avenue in oilfield services tapping the power of GumboNet. 

December 2, 2020

Restructurings , Earnings , Exploration & Production , Drilling

Offshore Driller Noble Corp. to Emerge from Chapter 11 Bankruptcy

Noble Holding Corp. revealed on Nov. 23 that the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the company’s Joint Plan of Reorganization.

November 24, 2020