Shale Plays , Drilling

Liberty Energy Adding Fleets, Sees North American Oil Output Rising

Oil companies are "evaluating the opportunity to deploy incremental capital in North America to modestly grow production," Liberty Energy shared in its recent earnings call.

July 27, 2022

Deepwater , Drilling

Sembcorp Delivers World’s First 8th-gen Ultradeepwater Drillship

The world’s first eighth-generation drillship, the Deepwater Atlas, is expected to begin operations at the Shenandoah project in the Gulf of Mexico later this year, according to a Transocean release.

June 29, 2022

Exploration & Production , Drilling , Transactions

Noble Inks $375 Million Deal to Divest Five Jackup Rigs

The rig divestment aims to address potential “issues related to lessening of competition created by the business combination” between Noble Corp. and Maersk Drilling initially announced last November.

June 23, 2022

Drilling , Acquisitions & Divestitures

Saipem Sells Drilling Onshore Business to KCA Deutag for $550 Million

Italy-based energy services group Saipem agreed to sell its drilling onshore business to British oil drilling contractor KCA Deutag for $550 million and a 10% stake in the combined entity.

June 1, 2022

DUG Permian , Unconventional , Drilling

Popularity for Longer Laterals Grows in Permian Basin

With inflation playing a sizable role in Permian Basin operators’ spending, longer laterals could be a solution to offsetting inflationary costs, says Rystad’s Cole Wolf.

May 23, 2022

Exploration & Production , Shale Plays , Drilling

Permian Delaware Output to Hit Record High this Year: Rystad Energy

Private operators will be a significant driver of the record growth as they have reacted quickly to the elevated market, increasing activity and output.

May 19, 2022

Investment , Exploration & Production , Drilling

Equinor, Exxon Agree to Expand Brazil Oil Operations

A second drilling rig, a second floating production platform and a gas pipeline are being considered for the next phase.

May 17, 2022

Earnings , Exploration & Production , Drilling

US Driller Helmerich & Payne’s Earnings Top Estimates as Activity Rebounds

U.S. drilling contractor Helmerich & Payne exited the quarter with 171 active rigs, an increase of 10% from the first quarter. It anticipates exiting the current quarter with 175 active rigs, it said in a release.

April 27, 2022

Business , ESG , Drilling

Executive Q&A: Patterson-UTI VP of Tech Shares Next Step in ESG Improvements

Through its application of energy-efficient services in traditional oil and gas operations, Patterson-UTI is ensuring drillers are able to operate both sustainably and productively.

April 26, 2022

Exploration & Production , Shale Plays , Drilling

‘Drill, Baby, Drill’ to Make a Permian Basin Comeback

A sharp uptick in Permian Basin permitting indicates that operators are ready to ramp up drilling activity.

April 21, 2022