Drilling

NWT Premier blasts Trudeau government and Arctic drilling moratorium

Canada

“What works in the South doesn’t always work in the North” North West Territory’s Premier Bob McLeod didn’t mince words in a statement on his territory posted to the governments website on Tuesday. McLeod says that policies are being imposed by Ottawa and Southern Canada are threatening their economic potential and work on Indigenous reconciliation. […]

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PSAC forecasting 7,900 wells drilled in 2018, better than 2017

Canada

2018’s activity to be better than 2015, 2016 and 2017 The Petroleum Services Association of Canada (PSAC) released its 2018 Canadian Drilling Activity Forecast, with an expectation of 7,900 wells drilled in Canada, according to a press release. For 2017, the association’s final revised forecast predicts a yearly total of 7,550 wells. PSAC bases its

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Largest oil and gas lease sale in US history set for Gulf of Mexico in March

USA

March 2018 sale to offer 76.9 million acres in Gulf of Mexico U.S. Secretary of the Interior Ryan Zinke announced the Department is proposing the largest oil and gas lease sale ever held in the United States – 76,967,935 acres in federal waters of the Gulf of Mexico, offshore Texas, Louisiana, Mississippi, Alabama and Florida,

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Permian will lead US crude oil production to record high in 2018 – EIA

News

 Many operators experimenting with completion techniques to maximize output per well In EIA’s latest Short-Term Energy Outlook (STEO), total U.S. crude oil production is forecast to average 9.3 million barrels per day (b/d) in 2017, up 0.5 million b/d from 2016, according to the U.S. Energy Information Administration. In 2018, EIA expects crude oil production to reach

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Advanced drilling rigs to be made in Saudi Arabia under new joint venture

Innovation

NOV will own 70% interest in joint venture, while Saudi Aramco will own 30% National Oilwell Varco, Inc. announced entering into an agreement with Saudi Aramco to form a joint venture in Saudi Arabia, according to a press release. Through its state-of the art manufacturing and fabrication facilities and NOV’s market-leading drilling technologies, the joint

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