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

Exploration & Production , Shale Plays , Drilling , Artificial Lift

Making Technological Strides in the Permian Basin

Executives from Halliburton and Schlumberger weigh in on what trends in technology are emerging in the Permian Basin.

April 19, 2022

Drilling , Digital Oilfield , Completions

Completions Lessons Learned: Innovations from Recent Years

Liberty Oilfield Services and Tendeka's latest technologies and services help bring down the costs of drilling and completions.

April 5, 2022