Saturday 28 March 2015
 
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Drilling

Mideast OFS spend to recover as oil prices rise

Middle East and Asia, the onshore dominated regions, is set to see a recovery in expenditure as oil prices rise, due to the sensitivity of onshore driving activity to changes in oil price, according to a recent forecast. The Dougl

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report. The first quarter 2015 edition of Douglas-Westwood’s (DW)

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Kuwait to boost drilling rigs, crude capacity despite low oil price

Kuwait plans to boost its oil and gas drilling rigs by 50 per cent by early 2016 as it seeks to boost crude and gas production despite low oil prices, the head of state-run Kuwait Oil Co (KOC) said.   The Gulf st

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Saudi Aramco to cut drilling costs, hold rig count steady

State oil giant Saudi Aramco has asked oilfield service companies for discounts due to tumbling crude prices and is expected to keep its overall rig count steady this year, industry sources said.

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US oil production likely to fall by end of 2015

Unless prices recover, the US oil production will start falling before the end of 2015 as new drilling is insufficient to replace declining output from wells completed in 2013 and 2014, said an expert. Future production depends on

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Deep gas drilling at Bahrain field on track

A project which entails drilling deeper for gas onshore in the Bahrain Field is progressing well, it has emerged. This follows a visit by Energy Minister Dr Abdulhussain Mirza to the site of Deep Gas Well (BD-1), said a report in

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Saipem wins engineering, drilling deals worth $2bn

Italian oil services firm Saipem said it had won around $2 billion worth of engineering, construction and drilling contracts in the Middle East and Latin America.   Saudi Arabia's state-run oil company Aramco

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ACTS begins Riyadh Metro geotechnical work

Advanced Construction Technology Services (ACTS) has begun overseeing drilling and logging work and conducting geotechnical engineering work on the Riyadh Metro project in Saudi Arabia. The work is being undertaken under a subcont

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BP awards $730m drilling deals for Oman project

BP has awarded two drilling contracts worth $730 million for the development of its Oman's Khazzan tight gas project, it said. It said it has awarded work worth more than $400 million to KCA Deutag for the construction and ope

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