drilling

American shale Chief tells peers to stop drilling ‘Right Away”

April 9, 2025

(Oil Price) – Shale boss Bryan Sheffield, the son of Pioneer Natural Resources founder Scott Sheffield, appears to have called on America’s shale drillers to cut drilling immediately, as Brent crude flirts with prices below $60 and WTI falls to $57/barrel. Sheffield, who controls Formentera Partners LP, told Bloomberg he is planning to delay drilling in some cases, shift focus to existing short-term

Energy Market Assessment: Natural gas supply growth is short of demand growth & needs a profitable drilling boom

February 25, 2025

(Oil & Gas 360) – Climate Change To An Overdue Colder Winter Confirms Natural Gas Supply Growth Is Short Of Demand Growth & Needs A Profitable Drilling Boom. Bullish natural gas inventory data the direction we head is helped by how little natural gas was needed from inventory for the rest of the last several Winters. Weekly natural gas inventory draws

Trump unleashes LNG and drilling free-for-all

February 14, 2025

(Oil Price) – President Donald Trump wasted no time flexing his pro-fossil fuel stance, approving the first LNG export permit since Biden’s controversial pause last year and creating a new energy council to expand U.S. oil and gas production. The move is a sharp policy reversal and seeks to reinforce America’s position as the world’s top hydrocarbon producer. Commonwealth LNG, the

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

Nabors Industries announces agreement to acquire Parker Wellbore

October 15, 2024

(Oil & Gas 360) – HAMILTON, Bermuda, Oct. 15, 2024 /PRNewswire/ — Nabors Industries Ltd. (“Nabors”) (NYSE: NBR) and Parker Wellbore (“Parker”) today announced a definitive agreement under which Nabors will acquire all of Parker’s issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar. Parker provides drilling services across global energy

American shale Chief tells peers to stop drilling ‘Right Away”

Energy Market Assessment: Natural gas supply growth is short of demand growth & needs a profitable drilling boom

Trump unleashes LNG and drilling free-for-all

SLB launches autonomous geosteering to improve drilling performance, well placement

Nabors Industries announces agreement to acquire Parker Wellbore

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