USA Rig Count Almost Doubles

(Rigzone) The United States rig count is almost double where it was this time last year, according to Baker Hughes’  latest rotary rig count, which was released on September 10. Total U.S. rig figures stood at 503 in the new count, up by six week on week and by 249 year on year, Baker Hughes’... Continue Reading →

TGS in new 2D seismic survey off Mauritania

TGS has started a new 2D seismic survey in the Mauritania-Senegal-Gambia-Bissau-Conakry (MSGBC) Basin offshore Mauritania. The survey adds to the North-West Africa Atlantic Margin (NWAAM) 2D campaign, the seismic company said. The NWAAM 2021 survey will comprise 7,500 kilometers of seismic data, with a modern broadband acquisition setup. The vessel BGP Pioneer will undertake the survey that... Continue Reading →

Ecuador’s Petroecuador faces arbitration claims from two contractors

(Reuters) - Ecuador's state oil company Petroecuador is facing arbitration claims stemming from contractual disputes with two private contractors, the company said on Friday, adding that the processes would not affect crude output. Kamana Services and Servicios Petroleros Igapó separately presented claims stemming from disputes over services contracts signed with Petroecuador in 2016 to the... Continue Reading →

ExxonMobil Finds Oil at Pinktail Well, Offshore Guyana

U.S. oil firm ExxonMobil has made another oil discovery offshore Guyana, this time at Pinktail prospect in the prolific Stabroek Block. The Pinktail well, ExxonMobil said, encountered 220 feet (67 meters) of net pay in high-quality hydrocarbon-bearing sandstone reservoirs. Pinktail is located approximately 21.7 miles (35 kilometers) southeast of the Liza Phase 1 development, which... Continue Reading →

Baker Hughes, Schlumberger count on clean energy for growth

(Reuters) - Oilfield service firms Schlumberger (SLB.N) and Baker Hughes (BKR.N) are counting on newer energy transition businesses like carbon capture and hydrogen fuel for growth, and expect these clean energy units to rival some of their more traditional units by the next decade, executives said on Wednesday. Schlumberger estimates that global investments for industries moving away from fossil... Continue Reading →

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