Drilling – Oil & Gas 360

$ProPetro to deploy electric hydraulic frac fleet for Permian operator- oil and gas 360$

ProPetro to deploy electric hydraulic frac fleet for Permian operator

December 23, 2024

(World Oil) – ProPetro Holding Corp. has entered into a term contract to provide electric hydraulic fracturing services to a large independent Permian-focused oil and gas operator. “We are pleased to announce another key strategic step for ProPetro as we deploy another of our industry-leading FORCE® electric frac fleets with a valued Permian operator,” ProPetro’s Chief Executive Officer, Sam Sledge, commented.

Expro wins $10 million contract for plug and abandonment campaign

December 20, 2024

(World Oil) – Energy services provider Expro has been awarded a contract valued at over $10 million for the provision of a well decommissioning solution. The solution combines subsea safety systems and surface processing design to enable both safe entry to the well and effective management of well fluids. From its global support hub in Aberdeen, Expro will provide

ADNOC L&S adds 20 offshore assets in 2024 to expand integrated logistics business

December 19, 2024

(World Oil) – ADNOC Logistics & Services Plc. has announced that its Integrated Logistics business segment expanded significantly in 2024, with 20 offshore assets acquired and hire contracts secured for 19 jackup barge (JUB) deployments. As part of the segment’s expansion strategy, ADNOC L&S acquired and deployed nine offshore support vessels (OSVs) including a passenger ferry, crew boats, anchor

Texas RRC adopts major new oil and gas waste management rules

December 18, 2024

(World Oil) – After extensive reviews of public comments and stakeholder input, the Railroad Commission of Texas has adopted a significant overhaul of rules regulating oil and gas waste management facilities in Texas. RRC Commissioners voted to adopt the new regulations at their open meeting today. The regulations cover waste from oil and gas operations, such as rock and other

Barclays downgrades energy services sector amid bearish outlook

December 18, 2024

Oil Price – Analysts at Barclays have downgraded the energy services sector on Wednesday, giving it a Neutral rating from Positive amid a bearish oil macro environment. The analysts have highlighted the absence of investor capital influx into the sector despite stable service and equipment markets and disciplined pricing, and see a potential risk for another cut to 2025 earnings. After

$Halliburton joins with Diamondback, VoltaGrid to deploy electric simul-frac fleets across Permian- oil and gas 360$

Halliburton joins with Diamondback, VoltaGrid to deploy electric simul-frac fleets across Permian

December 16, 2024

(World Oil) – Diamondback Energy, Halliburton Energy Services and VoltaGrid LLC have entered into a landmark agreement to deploy four advanced electric simul-frac fleets across the Permian basin. This collaboration represents a significant investment in clean and efficient energy solutions, with VoltaGrid delivering approximately 200 megawatts (MW) of electric power to support Diamondback Energy’s field operations. This marks a continuation of

IEA: Fracking could play a crucial role in advancing geothermal energy

December 13, 2024

(Oil Price) – Fracking techniques perfected in the U.S. shale patch could help drill for deeper and hotter geothermal energy resources and slash geothermal costs to make this low-carbon energy source competitive to other clean energy solutions, the International Energy Agency (IEA) said on Friday. Recent advances in horizontal drilling and hydraulic fracturing, “honed through oil and gas developments in North America,” are

Nabors, e2Companies to collaborate on oilfield integrated power solutions

December 10, 2024

(World Oil) – e2Companies has announced a strategic collaboration with Nabors that will expand business opportunities for integrated power solutions in the oilfield and broader energy markets. By combining Nabors’ global expertise and relationships in oil and gas with e2Companies’ Virtual Utility®, the companies aim to develop and market tailored solutions for the unique demands of the oilfield and assess

$SPM frac pump achieves 13,000 pumping hours in Permian before first overhaul- oil and gas 360$

SPM frac pump achieves 13,000 pumping hours in Permian before first overhaul

December 10, 2024

(World Oil) – SPM™ Oil & Gas announced that their SPM™ WS 335 Frac Pump has achieved more than 13,000 pumping hours in the Permian before its first overhaul. As conventional frac pumps are commonly rebuilt at 3,000 hours and discarded at 6,000 hours, this milestone demonstrates the WS 335’s ability to last four times longer than traditional pressure pumping

SLB launches autonomous geosteering to improve drilling performance, well placement

December 9, 2024

(World Oil) – SLB has announced the launch of Neuro™ autonomous geosteering, a tool designed to dynamically responds to subsurface complexities to drill more efficient, higher-performing wells, while reducing the carbon footprint of the drilling operations. Using AI, Neuro geosteering integrates and interprets complex real-time subsurface information to autonomously guide the drill bit through the most productive layer of the

Halliburton launches Intelli portfolio of diagnostic well intervention services

December 3, 2024

(World Oil) – Halliburton has launched its Intelli suite of diagnostic well intervention wireline logging services. This suite of services is designed to facilitate customer collaboration, improve well insights to enable increased production, help extend asset life and reduce total cost of operations. “As customers look to maximize production and improve the efficiency of their wells, our Intelli suite helps improve

Fulkrum secures major gas hub contract, launches new Iraq entity

December 2, 2024

(World Oil) – Fulkrum, a global provider of inspection, expediting, auditing, and technical staffing services, announces the launch of its new entity in Iraq. This significant milestone comes as Fulkrum secures a multi-million USD contract to provide surveillance services for a major gas hub development project in the region. The new entity, registered in Basra, enhances Fulkrum’s presence in Iraq

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