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.
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.
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.
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.
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.
Private operators will be a significant driver of the record growth as they have reacted quickly to the elevated market, increasing activity and output.
A second drilling rig, a second floating production platform and a gas pipeline are being considered for the next phase.
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.
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.
A sharp uptick in Permian Basin permitting indicates that operators are ready to ramp up drilling activity.