American Helmerich & Payne Acquired the Scottish Drilling Company KCA Deutag for $ 1.97 Billion
The American drilling company Helmerich & Payne announced the acquisition of KCA Deutag International, a Scottish company engaged in ground and sea drilling, engineering and technology. The amount of the transaction amounted to $ 1.97 billion. The activities of the Scottish KCA Deutag are applied to 26 countries, the company …
American Oilfield Services Company Turns Its Gaze to the Middle East
On the eve, the American drilling rig manufacturer Helmerich & Payne announced plans to acquire British competitor KCA Deutag International Ltd., which has enough projects in the Middle East. Helmerich & Payne is not one of the “big four” oilfield services companies, for it the acquisition of a company for …
Egypt Drills New Oil and Gas Wells in Hopes of Moving Away from Energy Imports
Egyptian Oil and Mineral Resources Minister Karim Badawi spoke about a new stage of hydrocarbon exploration in the country, which includes drilling 586 exploratory wells by 2030. It is planned to drill 110 wells by 2026 for $1.2 billion. By 2030, the number of wells should increase to 586, with …
The British Nostrum Oil & Gas Increased Oil and Gas Reserves in Kazakhstan by More than 5 Times
Xodus Group Limited has prepared a report that contains an independent assessment of the reserves and resources of the Stepnoy Leopard group of fields in Kazakhstan as of 1 January 2024. This was reported by Nostrum Oil & Gas PLC. In August 2023, Nostrum announced the launch of exploration and …
Belorusneft Plans to Reach 280 Thousand Meters of Annual Rock Penetration by 2030
The company is constantly working to improve the oil production process, discovering and adapting the latest methods and technologies to the characteristics of the Belarusian region. The main emphasis is on the so-called “difficult” meters of rocks, hard-to-recover hydrocarbon reserves. And the company is demonstrating serious progress in this direction. …
The Northern Lights Drilling Platform Will Arrive at the Port of Kholmsk (Sakhalin) on July 20 after Repairs
Repairs were carried out in China The semi-submersible floating drilling platform (SSDR) “Northern Lights” will arrive as part of a caravan on July 20, 2024 at the roadstead of the seaport of Kholmsk (Sakhalin region) after scheduled repairs in the Chinese port of Zhoushan, reports the press service of Rosmorrechflot. …
POGC Begins Drilling 35 New Wells in South Pars
Pars Oil and Gas Company (POGC) has begun a project to drill 35 new wells in the South Pars gas field to increase and maintain gas production from the combined giant field. According to POGC, the operation was officially launched on Tuesday at a ceremony attended by the head of …
Norilskgazprom Will Drill Five New Wells at the Pelyatkinskoye Gas Condensate Field
The company’s investment in the project will amount to about 10 billion rubles. The Norilskgazprom company (part of Norilsk Nickel) has started drilling five new wells at the Pelyatkinskoye gas condensate field (GCF) for the first time in 10 years; they are planned to be put into operation in 2026, …
Energy Recovery During Waterflooding Will Reduce the Cost of Oil Production
Perm Polytechnic scientists have developed a technology to increase the efficiency of oil production. To do this, during reservoir flooding, the energy already expended during production is reused. The Devon News Agency learned about this from a message from the Perm National Research Polytechnic University. Waterflooding is the injection of …
A Framework Agreement Was Signed with BP on Operations on the Caspian Shelf of Azerbaijan
The total cost of services is estimated at about $ 300 million. The framework agreement on underwater work in the territorial waters of Azerbaijan in the Caspian Sea was signed in Milan on July 12, 2024. This was reported in the Italian company Saipem. The document was signed between the …