The newPasonrig displayis a ruggedized touch screen computer for use outdoors and in hazardous locations. The display allows the rig crew to view the Pason EDR, directional system and third-party drilling applications from anywhere on the rig. The Class 1, Division 2 hazardous area certified uni...
Rig suppliers see opportunities ahead as utilization rates, profit potential rise.(oil rig suppliers)Kovski, Alan
WATCH: Oil rig explodes on the shores of Kishorn 14/06/2024By Louise Glen Premium Content The Northern Producer has become a well-known sight on the North Coast 500 route. Decom DeepOcean nabs ‘significant’ UK decommissioning contract 05/06/2024 By Mathew Perry Offshore services pro...
FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. Picture taken August 22, 2018. REUTERS/Nick Oxford/File Photo A look at the day ahead in U.S. and global markets from Mike Dolan The weekend's Middle East shock adds...
the availability of acquisition targets and refracturing opportunities, without significant infrastructure constraints, makes these basins strong rotational candidates for the short to medium term.22In the first three quarters of 2024, these two basins have already seen a buying interest of around US$7....
Saudi oil rig count jumped by 9 to 75 in February while the gas rig count fell by 8 to 45. The Iraqi rig count has dropped by 40 since last summer. ISIS likely had a hand in this. However I really don’t understand what is going on here with this Baker Hughes rig count. I know...
The decline in the oil rig count cannot, in the near term, be directly linked to a decline in oil production due to so many DUCs. But eventually it must. Steep declines in oil production must eventually follow steep declines in the rig count. And as we see a drop in production we wil...
Proposed tools and procedures can be tested without the time and risks of rig trials. ‘In the near future, it will be inconceivable to put a new tool in the ground or new control system on a rig without fully testing the system for performance and stability’ OSDC provides component ...
For the oil majors, this will likely mean major opportunities to snap up unconventional producers and assets at low valuations. One “oil” major that may not be participating is Shell. The Anglo-Dutch oil giant is increasingly turning away from its roots in oil and moving towards natural gas...
The monthly Baker Hughes International Rig Count came out a few days ago. Baker Hughes international rig counts do not include US, Canada, FSU countries or on shore China. All rig count data here is through December 2015 and includes all rigs, gas, oil and misc. Total international rig ...