Drilling
Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
In partnership with OTC 2026, Rystad Energy has shared its latest outlook for the offshore sector and the role it is expected to play in supplying low-cost barrels through 2050.
Drilling experts recently shared candid views on what will be required for their segment of the upstream business to move to the next stage of development.
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An investigative study examines the use of creeping shale formations as a more durable alternative to conventional cement barriers in carbon dioxide storage wells, potentially enabling safer long-term underground carbon storage. -
Co-owner Chevron confirmed the find at the Bandit prospect offshore Louisiana and suggested it may become a subsea tieback to existing faciltiies operated by Occidental Petroleum.
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The Orange Basin and Gulf of Guinea will see most of the high-impact drilling activity planned this year in Africa.
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ExxonMobil will retain its equity stakes in ongoing Bass Strait projects even as it hands off its operatorship responsibilities to Woodside Energy.
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Thermal stimulation can accelerate the formation of shale creep barriers for long-term well integrity but only within a carefully controlled temperature window. This study identifies optimal thermal conditions for maximizing barrier performance while avoiding thermally induced shale damage.
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Conflict‑driven price gains may be offset by higher costs, supply‑chain risks, and a limited appetite for new drilling activity.
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While some idle wells may be brought back into production, many will be plugged and abandoned. This paper considers repurposing certain idle oil and gas wells by using their empty steel casing for the disposal of nuclear waste.
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The companies' combined technologies enable real-time control of well placement, hydraulics, and rig operations.
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Improved bit and bottomhole-assembly technologies and designs have helped turn what used to be record-breaking drilling runs into routine expectations.
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The project with ExxonMobil used closed-loop drilling and digital well-construction technologies.
