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.
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.
Focusing on automation can remove operators from controlling the system.
The well construction domain needs to transform and can do so by leveraging intelligent and autonomous systems.
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.
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.
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.
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.
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.