Technology Roundtable: Fracturing
1. With the sanctions currently restricting Russia’s development of hard to recover reserves, has there been any accidental impact on fracking operations for conventional reservoirs? Weatherford: For conventional reservoirs, frac scopes have been reduced for all the contractors due to the plummeting oil prices. However, horizontal drilling and multi-stage fracturing …
Halliburton Certifies Substantial Compliance With DoJ Second Request
Halliburton Company today announced that it has certified substantial compliance with the United States Department of Justice’s (DOJ) request for additional information (second request). Baker Hughes Incorporated (NYSE: BHI) previously certified substantial compliance with its second request on July 14, 2015. The companies each received second requests from the DOJ …
Halliburton: Baker Hughes Acquisition – Working with Antitrust Bodies
Halliburton Company and Baker Hughes Incorporated today announced that they have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) pursuant to which both companies have agreed to extend the period for the DOJ’s review of Halliburton’s previously announced acquisition of Baker Hughes …
Technology Roundtable: Extended Reach Drilling and Sidetracking
1. With sanctions impacting on the region´s horizontal drilling in unconventional field, what is the current level of demand for horizontal and ERD wells? What projects are you currently working on? Halliburton: Currently, the demand for horizontal directional drilling has not reduced; instead, it has increased significantly. Horizontal drilling, overall, …
Centek: Launches Deep Water Inter Casing Centralizer Sub
Centek is launching its Inter Casing Centralizer Sub (ICCS), designed to be run as part of a tight tolerance casing string in deepwater, ultra-narrow annulus applications. Centek and Halliburton collaborated in developing the ICCS. The body of the centralizer sub is machined to Centek and Halliburton’s exacting standards. Centek’s patented …
RPI: Offshore Field Development in Russia: Are the Sanctions an Opportunity for Russian Companies to Fill the Void?
Vadim Kravets In mid-February 2015, the third round of EU sanctions targted a number of Russian officials and nine new companies were introduced. Previously, in late summer and early autumn 2014, the U.S., EU, Japan and Canada introduced, in two rounds, sanctions againstw certain individuals and sectors of Russia’s economy …
Technology Roundtable: Drill Bits
1. The crash in the oil price has had a major impact on global oil and gas projects. Russia has also had to deal with sanctions and the exchange rate drop. What impact has this had on Russian demand for drill bits? How are you dealing with the situation? Halliburton: …
Halliburton and Baker Hughes Merger Receives Shareholder Approval
Halliburton Company today announced that its stockholders approved Halliburton’s proposal to issue shares of Halliburton common stock as contemplated by its merger agreement with Baker Hughes Incorporated. In addition, Baker Hughes today announced that its stockholders adopted the merger agreement and thereby approved the proposed combination of the two companies. …
SPE Russian Petroleum Technology Conference 2015 – Call For Papers is Open!
It is less than a month till call for papers deadline – 10 March 2015. The Society of Petroleum Engineers invites industry experts to take part in the SPE Russian Petroleum Technology Conference (26-28 October 2015, InfoSpace, Moscow, Russia). The full list of opportunities for papers submission is available at …
Halliburton: Abdulaziz F. Al Khayyal Joins Board of Directors
Halliburton announced today that Abdulaziz F. Al Khayyal has been named to the company’s board of directors. The appointment was effective Dec. 4, 2014 and Al Khayyal will stand for election by stockholders at the annual meeting in May 2015. Al Khayyal spent more than 30 years at Saudi Aramco …