TOPICS OF INTEREST
DRILLING
Lifetime Revenue vs. Construction Cost—a Metric for Assessing Drillship Retirements
Through the end of October, 38 rigs have been retired this year. Predicting future rig attrition is not an exact science, but certain metrics help identify those rigs.
ExxonMobil Reaches FID for Guyana’s Payara Field
ExxonMobil is evaluating additional development opportunities in the Stabroek Block with plans for five drillships operating offshore Guyana by the end of 2020.
Offshore Driller Valaris Files Chapter 11 To Reduce $7-Billion Debt
Valaris, formed in 2018 after the merger of Houston-based Rowan Cos. and London's Ensco, faces fallout from the oil-price drop, canceled or delayed drilling programs, and contract and day rate modifications.
Offshore Driller Noble Files Bankruptcy To Shed Debt of $3.4 Billion
Citing impacts from COVID-19, Noble Corp. is entering into a prearranged agreement with its bondholders that will give it a fresh start with a new line of credit.
What Are the Market Drivers for a Recovery?
Crude oil and natural gas prices may recover moving into 2021, albeit at different rates brought on by a variety of market dynamics. Geopolitics and the potential for another wave of COVID-19 cases and resulting lockdowns still pose a threat to the industry.
Offshore Drilling Drying Up as Debts Continue To Swell
With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat.
Offshore Drilling Drying Up as Debts Continue To Swell
With contracts canceled and pressures mounting, offshore oil drillers struggle to stay afloat.
Oil Prices Plague Oilfield Water Management Market
Sourcing water, flowback water services threatened as D&Cs decline.
US Onshore Produced Water To Drop Nearly 20 Billion bbl by 2022
Cutbacks in oil and gas production and drilling and completions will result in a decrease in produced water and will also lead to a reduction in water infrastructure investment.
Current Challenges for the UK and Norway in the Face of COVID-19
Westwood Global Energy’s analysis looks at production, cost, and revenue estimates in the UK and Norway, should oil prices remain low. The research group also provided an outlook on drilling activity.
Weatherford Completes Sales of Laboratory Services and Surface Logging Businesses
These most recent deals bring the services company's divestiture total to $1 billion over the past 1 1/2 years.
AFGlobal Acquires Axon Pump Technology from Amkin
AFGlobal acquired the Axon pressure pump technology and product line from Amkin Technologies, a privately held oilfield equipment and technology developer.
Automated Data Management Helps Take the Pain Out of Analytics
Public clouds are one of the emerging technologies that are minimizing the cost of processing the big data of the oil and gas industry. Among the hurdles to the wide-scale adoption of the cloud are security and access cost.
Nanotechnology for Oilfield Applications: Challenges and Effects
This paper presents a critical review of the recent literature to determine the status of research and development and field application of nanotechnology in the oil field.
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