Shell Finds Hydrocarbons in The Nile Delta
Shell Egypt has successfully drilled its first exploration well in the North East El-Amriya block in the Nile Delta. British Shell bought all shares in the Block 3 project in the Nile Delta from the American ExxonMobil and has already started drilling: the well has been drilled to a depth …
American Shale Producers are Ramping up Drilling
Bloomberg writes that drillers in US shale regions are again trying to recover from the decline in activity by increasing the number of oil rigs According to Baker Hughes, the number of oil rigs in the US immediately increased by 6 pieces to 500. This is the largest weekly increase …
TagraS-RS Implemented a Drilling Rig Movement System
The TagraS-RS division of the TAGRAS Holding has introduced a technology that can significantly reduce the duration of derrick installation work – this is a drilling rig movement system, or slider. During cluster drilling, the slider allows you to speed up the repositioning of a mobile drilling rig on skis …
Exploration and Drilling Costs will Increase by 11% This Year, S&P Global Estimates
The global offshore drilling market appears to be booming. Analysts at S&P Global expect exploration and production spending to increase by 11% in 2023, while offshore oil and gas activity is forecast to grow by 20% year-on-year. S&P Global notes: “The time between signing a contract and the start date …
Belarusian Oil Workers are Introducing a Smart Coupling into the Production Process
Belarusian oil workers have developed and are successfully introducing into the production process a new innovation proposal – a special BIM coupling, Belorusneft told BELTA. How to speed up the technological process from the exit of the well from drilling to the start of hydraulic fracturing operations, to make it …
OMV will Begin Exploration Drilling on Libyan Assets in February 2024
Austrian OMV intends to begin exploratory drilling in Libya in February 2024. Company representatives announced this at a meeting at the headquarters of the National Oil Corporation of Libya (NOC) in Tripoli. The meeting was attended by the director of the exploration department of NOC, the deputy general director of …
Venezuela is Looking for Drillers
Caracas is actively working with oil service companies to increase oil production in Venezuela. After the easing of American sanctions, Venezuela began to revive its own oil production, starting with drilling new wells. International oilfield service companies with unused equipment in Venezuela include SLB, Evertson International and Nabors Industries. However, …
Six New Wells Replenished Belorusneft’s Fund in October
The well stock of the Belorusneft company was replenished with new objects in October. The drilling of six wells has been completed, BELTA was told at the enterprise. As noted at the enterprise, the team of the Vyshkomontazhnaya management has also gained good momentum. Thus, in October, five assembled rigs …
Biden’s Alaska Plan Threatens New Wells
The Biden administration is pursuing initiatives that could make it impossible to extract oil under new leases in the 23 million-acre area. Alaska’s congressional delegation said the Biden administration “abruptly decided to revise the law so that it could treat the 13.1 million acres of the refuge as de facto federal lands.” …
A New Oil Formation is Gaining Popularity in Alberta, Canada
The Waseca Formation, which has heavy oil rather than oil sands, has seen the biggest increase in drilling applications in Canada this year. This year, oil companies have applied for 81 licenses to drill in the so-called Waseca formation in eastern Alberta (Canada). This is 30 more applications than in …