NOV Reports Second Quarter 2022 Earnings
Revenue of $1.73 billion, up 12% sequentially and 22% year-over-year Net Income of $69 million, or $0.18 per fully diluted share Operating profit of $68 million, up $89 million sequentially and $56 million year-over-year Adjusted EBITDA* of $150 million, up $47 million sequentially and $46 million year-over-year Orders of $670 …
AKROS is Recognized to be the Best Seven Times in a Row
On October 21, the best oil service companies were awarded at the annual conference “Neftegazservice-2021” XV “Oil & Gas Service Industry in Russia” Annual Conference (Neftegazservis-2021) took place at InterContinental Hotel in Moscow on 21 October. Government officials as well as leaders of major drilling, geophysical and oilfield services companies …
Safe Influx Announces Successful Rig Trial of Integrated Weatherford MPD and Safe Influx Automated Well Control Technologies
Safe Influx has announced today that the rig trial of the industry’s first ever integration of Managed Pressure Drilling (MPD) and Automated Well Control technology has been completed. Following months of preparation by Weatherford, Safe Influx and Finesse Control Systems (who build the Safe Influx equipment and develop the logic programming), a series …
Dual Gradient Drilling: U-tube Effect in Upper Intervals of Deep Water Wells
Introduction Russia’s onshore oil reserves are declining. Domestic oil and gas companies are increasingly investing in exploration on the continental shelves of the Kara, Black, Okhotsk and other seas. [2,4,9]. At the same time, the cost of construction of offshore exploratory wells, especially northern arctic waters, is many times higher …
Halliburton: Launches Flex™ Managed Pressure Drilling System
Halliburton today released Flex™ Managed Pressure Drilling System (MPD), a scalable and mobile technology that can be configured to address specific operator challenges and deliver greater rig efficiency. The tiered system allows operators to select the right level of service to help maximize the cost/benefit of managed pressure drilling services. The standard …
Weatherford: Launches Victus intelligent MPD
Weatherford International today unveiled Victus intelligent MPD, an Industry 4.0 solution that features intelligent control, equipment automation and leading technical competence driven by a global engineering organization. Based on experience in more than 7,600 MPD operations, Victus enables operators and drilling contractors to achieve their objectives with unmatched safety and …
Rosneft: Managed Pressure Drilling in Low Pressure Formations
The main objectives and results of the first MPD trial job in the Yurubcheno-Tokhomskoye field are presented in this article. Based on the result of this job the conclusion for this technologies utilization in highly fractured carbonate formation can be assessed. The utilization of this technology is focused on increasing …
Weatherford and Nabors: Form USA Advanced Drilling Solutions Alliance
Weatherford International plc and Nabors Industries Ltd. announced today they have signed a non-binding Memorandum of Understanding (MOU) to form an alliance focused on delivering enhanced drilling solutions to the oil and gas land market in the lower 48 states of the United States. The MOU states that Weatherford will …