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IADD News

This case study highlights the success of Cathedral’s FUSION EM system in the DJ Basin. The study involved a test program of 22 wells and concluded that Cathedral’s technology achieved significant improvements over conventional MWD Tools including reductions of drilling time in the 20% to 25% range. 

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 KUWAIT CITY (AP) — Kuwait's oil minister says his country will stick to existing production targets and sees no reason for an emergency session of OPEC despite the slide in crude prices.

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 The next big threat to oil prices isn’t from OPEC or Bakken shale. It’s Russian samovars, or teapots.

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 HOUSTON – Halliburton says it’s too early to know what businesses it may have to sell in order to acquire Baker Hughes because it’s still in talks with antitrust regulators about the $35 billion deal.

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 Baker Hughes Incorporated has posted Weekly Rig Count reports to its Investor Relations website.

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 Saudi Arabia is all over the news. Every time a minister speaks, headlines reverberate through all of the O&G industry sites, and even Harold Hamm’s recent Cowboyistan manifesto points to the Saudi’s November decision to maintain production levels as the major piece of context.

What makes Saudi Arabia such a force in our current oil price situation? To have a richer understanding, I thought I would do some research on the Kingdom and their oil production capabilities and share it here.

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 Oil slumped to the lowest price since March 2009 in New York on speculation that record U.S. supply may start to strain the country’s storage capacity.

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 Chevron’s gargantuan Big Foot platform is headed to its final destination in the Gulf of Mexico.

Built in Korea, massive deep water offshore platform has been undergoing additional work at Gulf Marine Fabrication yards in Aransas Pass since March 2013.

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 With a glut of crude oil filling up pipelines and storage tanks and pushing down U.S. oil prices, Texas lawmakers are calling on Washington to lift its 40-year-old ban on crude exports.

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The U.S. shale boom may finally be slowing down, according to projections from the U.S. Energy Information Administration.

Oil production from the six largest shale plays in the U.S. will hit 5.6 million barrels per day in April, an increase of less than 300 barrels per day over March, the EIA said in its monthly drilling productivity report on Monday. The increase would be the smallest since February 2011. 

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