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Commodities
World Oil

NOV globally launches new ION+ PDC cutter technology

4/22/2021 click to enlarge HOUSTON  – NOV’s ReedHycaloghas announced the global launch of the ION+ polycrystalline diamond compact PDC cutter technology, which stays sharper for longer to increase the rate of penetration ROP in challenging formations. Further improving upon the successful ION platform, ION+ cutters

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Commodities
Oil & Gas Journal

Providence Resources terminates Barryroe license farm-out

Providence Resources PLC terminated the Barryroe license (SEL 1/11) farm-out agreement with SpotOn Energy and is pursuing alternative funding to finance the early development scheme (EDS). The farm-out was terminated because key financing conditions were not met. Barryroe—in the North Celtic Sea basin about 50

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Commodities
Oil & Gas Journal

CGX Energy lets rig contract for drilling offshore Guyana

CGX Energy Inc., operator of the Corentyne block offshore Guyana, let a contract to Maersk Drilling Holdings Singapore Pte. Ltd. for use of the Maersk Discoverer semi-submersible rig and associated services for drilling the Kawa-1 well. Spudding of the well is targeted for early in

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Commodities
Matthew V. Veazey

Chevron Eyes Hydrogen Alliance with Automaker

The Chevron Products Co. division of Chevron U.S.A. Inc. (NYSE: CVX) and Toyota Motor North America, Inc. (NYSE: TM) have reached a memorandum of understanding (MOU) to pursue a strategic alliance on hydrogen, Chevron reported Wednesday. Under the MOU, the companies will explore an alliance

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Commodities
Andreas Exarheas

Welltec Signs Significant Aramco Deal

Welltec announced this week that it has signed a “significant” contract with Saudi Aramco. The business revealed that it has agreed a Long-Form Contract (LFC) with the Saudi Arabian company, following an “extensive” approval process. The deal will see Welltec deliver completion products and services

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