Drill

World’s most Advanced Oil Rig Commissioned at ONGC Well in Bhimavaram

As the energy prices soar, the advanced rigs are very crucial for the Indian energy sector to drill oil and gas wells faster to increase the production for d…

Finland

Finnish Geothermal Heat Player QHeat Secures EUR 3.3m Loan for Drilling Rig

Finnish Climate Fund has granted EUR 3.3m loan to Finnish geothermal heat exchange player QHeat to acquire more efficient drilling rig to target medium-deep geo…

Oil&Gas Drilling

America is Finally Cleaning up its Abandoned, Leaking Oil Wells

Washington is making a concerted effort to plug these wells through a $4.7 billion fund, passed as part of an expansive overhaul of the nation's infrastructure.

Netherlands

Developers Optimistic About Leeuwarden Geothermal Heating Project

​After initially encountering with their first drilled well, the developers of the geothermal heating project in Leeuwarden, Netherlands are optimistic to make…

Geothermal Power Plant

Second Successful Well Re-Drilled in Bad Urach Geothermal Heating Project

Borehole Urach 4 is the second well re-drilled from old wells for the Bad Urach geothermal heating project in Germany.

Oil Price

Putin’s Threats Against Ukraine Could Reinvigorate the U.S. Oil and Gas Industry

Russian President Vladimir Putin has long made it clear that he is no fan of U.S. shale drilling. But, if he invades Ukraine, he may unwillingly help bring back…

Oil&Gas Drilling

Shell Makes Significant Oil & Gas Discovery Offshore Namibia

Shell has made a significant oil and gas discovery offshore Namibia, one of the expected hotspots for exploration this year.

Market Analysis

EIA Forecasts US Fossil Fuel Production to Reach New Highs in 2023

After declining in 2020, the combined production of US fossil fuels increased by 2% in 2021 to 77.14 quadrillion British thermal units.

Oil Exploration

Japan’s Inpex to Start Domestic Exploratory Drilling

Japanese upstream firm Inpex is planning to start exploratory drilling offshore the country's western Shimane and Yamaguchi prefectures in a search for oil and …

Geothermal Power Plant

Drilling Begins at Geothermal Project in Lavey-les-Bains, Switzerland

On January 17, 2022, the drilling rig will grind into action in Lavey-les-Bains, so a release by the developer shared today.

Oil Field

Equinor Makes Oil Discovery Near Existing Infrastructure in North Sea

Norwegian oil and gas company Equinor has made a new oil discovery, located near the Fram field in the North Sea offshore Norway, and will consider tying it to …

Oil&Gas Drilling

Indian State Oil Giant To Significantly Expand Oil Exploration

Indian state firm Oil and Natural Gas Corporation plans to raise fourfold its exploration and production acreage by 2025

Oil&Gas Drilling

Aker BP Secures Drilling Permit for North Sea Well Trio

The Norwegian Petroleum Directorate has granted Aker BP a drilling permit for three wells in the North Sea offshore Norway.

Oil&Gas Drilling

APA, Sinopec to Recover $900MM of “Backlogged Costs” in Egyptian Project

APA Corp. and its Chinese partner in an Egyptian oil project will recover almost $900 million in prior investments under a new drilling contract with the North …

Crude Oil

Turkey's Drillship Fatih Starts Operations in Türkali-7 well

Turkey’s first drillship, Fatih, began drilling in the Türkali-7 location in the Black Sea on Dec. 24, according to Turkey’s Energy and Natural Resources Min…