Wednesday 23 April 2014
 
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Drilling

Middle East leads drilling boom

Drilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programmes in the Middle East and Africa. More than 1,300 drilling rigs have been operating

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Petroleum services training centre opened in Dammam

The Saudi Petroleum Services Polytechnic (SPSP) - the Construction and Drilling Training Center has been opened in Dammam. The centre is the fourth SPSP to be opened in the kingdom, with the original campus also located in Dammam,

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US shale boom to boost LPG exports, slash prices

A US energy drilling boom is revolutionising the niche market for liquefied petroleum gas (LPG), bringing down global prices and challenging established exporters in the Middle East. The changes are the latest sign of the global i

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Middle East oil, gas exploration 'declines'

Middle East oil and gas production growth prospects have been dimmed by a slump in exploration license awards, drilling activity and average reserves found per well over the last few years, according to analysts Wood Mackenzie. &n

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Iraq awards $348m drilling deals

Iraq has awarded $347.8 million worth of drilling contracts for the Maysan oilfields in the south of the country, a government statement said on Tuesday.   Iraq awarded the contracts to three international oil se

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Churchill Drilling Tools secures Mideast contract

Churchill Drilling Tools, a US-based provider of drilling systems, has secured an initial $1.3 million contract with a major Middle Eastern operator for the supply of its dart activated bypass valve in the region. The contract was

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Nawras links Dalma Energy mobile rigs

Nawras has signed an agreement with Oman-based international drilling contractor Dalma Energy, to link all the company’s land and mobile rigs in remote sites across the Sultanate to the corporate office in Muscat, using Very Small Aperture

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Shale boom will not stop with the US

The success of the shale revolution will be slow to replicate outside the US because of limited access to drilling equipment and skilled personnel, according to influential oil analyst Leonardo Maugeri.

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Kuwait plans to drill for heavy oil

Major crude producer Kuwait plans to start drilling for heavy oil aiming to produce up to 60,000 barrels per day (bpd) of it by 2017, a local newspaper reported on Wednesday. Opec member Kuwait already has a crude oil production c

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Drilling market spurs oilfield service fims

  Signs of improvement in the depressed North American drilling market and steady growth elsewhere helped oilfield services companies Schlumberger and Baker Hughes beat Wall Street's profit expectations.  

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