drilling rigs

ExxonMobil has drilled a horizontal well with a rig billed by Nabors as the first fully automated land rig. The big question now is whether ExxonMobil will come back for more after this three-well test.

Aram block was awarded as part Brazil’s 6th Pre-Salt Round.

In a natural pivot from oil and gas E&P, former oilfield executives are taking up the hunt for helium. Helium is used in a wide variety of products, such as rocket ships and computer chips, and, while there is still plenty left to find on Earth, finding quality commercial quantities can be a difficult task and reserves are running low.

The deal adds 16 super-spec land rigs to Patterson UTI’s domestic fleet and will result in the sale of Pioneer’s well service business.

The hybrid power technology cuts fuel consumption and boosts the dynamically positioned rig’s station-keeping reliability, the drilling contractor says.

The deal will bolster Arabian Drilling Company’s fleet to 67 rigs across the Middle East and North Africa.

Falling oil prices are the acid test of drilling efficiency. SPE Technical Director Jeff Moss of ExxonMobil talks about ways to build in lasting savings as part of this special report.

Offshore drillers have been battered by the plunge in oil prices with falling day rates and a growing number of older rigs headed for demolition.