Horizon Drilling’s Post

It’s Friday again! Enjoy our week No. 2️⃣4️⃣ in the Market Round-up presented by our Esgian Rig Analytics team! 👀📰🌊🗞🌊📰👀 Feel free to share this with your connections and follow us at Esgian Rig Service. #Esgian #RigAnalytics #MarketUpdate

Did you know that we significantly reduce drilling costs for Shell? Meet EC-Drill® by Enhanced Drilling – the game-changer in well design and production 🌟 🔹 Cut Costs Significantly: Our innovative technology optimizes well design, saving you considerable amounts. 🔹 Boost Production: Drill deeper and unlock new potential with unparalleled efficiency. 🔹 Proven Success: Shell has already reaped the rewards – now it’s your turn. Curious about the details? Dive into our latest free case study and see how EC-Drill® delivered substantial savings for Shell. 👇 #morethanmpd #enhanceddrilling #drilling #offshore #oilandgas #technology #mpd #rig #rigtechnology #offshoredrilling #innovation #OilandGas #EnergyExploration #DrillingOperations #OffshoreDrilling #EnergyIndustry #OilProduction #PetroleumEngineering #Shell #GOM #GOMDrilling

📢 Transocean, Noble Corporation, Valaris Limited, Borr Drilling, and Odfjell Drilling have secured a combined total #backlog of $23.22 billion in the third quarter of 2024, which is higher than $23.03 billion in the second quarter of 2024 and $22.7 billion in the third quarter of 2023. All five #offshoredrilling players, alongside multiple analysts and #rig market intelligence research firms, anticipate busy times ahead with a further rise in rig demand over the next few years. ⚓ 𝐅𝐮𝐥𝐥 𝐬𝐭𝐨𝐫𝐲 ➡️ https://buff.ly/3YHpw0u #rigs #drilling #oilgas #quarterlyresults #oilandgasnews #fleet #oilandgas #offshoreenergy #fossilenergy #fossilfuels #exploration #hydrocarbons 📸 Ocean Apex rig; Source: Diamond Offshore, now part of Noble Corporation

While global #rig demand for #offshore #drilling services remains strong, #oil benchmark prices are expected to remain volatile given the current economic uncertainty and geopolitical events affecting supply and demand. #oilgas #energy #offshoredrilling #oilandgas #offshoreenergy #rigs

This is a case study written by Shell after using our EC-Drill system to drill, cement and complete two wells in the Ormen Lange gas field in the Norwegian Sea.

An informative article summarizing how the global offshore drilling sector is expected to grow as energy demand rises with population growth, pushing for more oil and gas exploration to meet increasing energy needs. Geopolitical tensions, particularly in regions like the Middle East, along with ongoing crises in Ukraine and Gaza, are intensifying the focus on energy security, prompting new multi-well drilling campaigns aimed at discovering and developing untapped hydrocarbon resources. Meanwhile, climate concerns and stringent environmental regulations are pushing governments to enforce safer and cleaner drilling practices, which could potentially stall some projects if oil and gas prices drop significantly. However, advances in drilling and subsea technology are helping rig owners reduce costs, shorten drilling timelines, and improve financial performance, particularly as they explore deeper offshore resources while minimizing environmental impact.

To wrap up our discussion about shallow, narrow pressure margin ERD wells, let's take a look at one possible liner-running scenario, and see if a design change in the 8.5" section would help with getting pipe down successfully. Maybe you're facing a similar issue? Talk to HXR Drilling Services - Extended Reach Drilling or SafeKick about how we can help provide solutions for your upcoming ERD, Complex, Horizontal, Narrow-Margin, or Deepwater wells. #oilgas #oilandgas #oilfield #directionaldrilling

WEBINAR HAPPENING TOMORROW! The #drillingrig market is tightening as day rates remain high, scrapping has declined precipitously, and rig managers look to reactivate stacked #rigs. The #oilandgas industry is now once again in a heated rig market upcycle that has been ongoing since 2021, with higher demand and utilization now being recorded in all three #offshore drilling rig segments. Westwood Global Energy Group's Cinnamon Edralin and Teresa Wilkie will provide an overview of the most active #offshoredrilling campaigns and provide an update on the changing rig contracting market and rig construction market. Register for the "Assessing the state of the offshore drilling market" #webinar at https://lnkd.in/gYT7qrpN. Date: Thursday, August 8, 2024 Time: 11:00 AM EST / 10:00 AM CST / 8:00 AM PST / 4:00 PM GMT Moderator: Bruce Beaubouef, Managing Editor, Offshore magazine

Welcome to Benel Energy Resources weekly Well Control Teasers! Question: Carefully examine the image below, then identify the equipment and state its function(s) during drilling operations. Share your insights below! Kindly choose an answer and share your reasons. #weeklyteasers #iwcf #drillingrig #wellcontrol

📢 Dolphin Drilling has struck a deal with EnQuest to receive a compensation fee for the early termination of a #drilling campaign one of its #semisubmersible #rigs was hired to carry out on the #UK Continental Shelf (UKCS). ⚓ 𝐅𝐮𝐥𝐥 𝐬𝐭𝐨𝐫𝐲 ➡️ https://buff.ly/3ATcODP #offshoredrilling #oilgas #energy #oilandgasnews #offshoreenergy #oilandgas #rig #fossilfuels #NorthSea #fossilenergy 📸 Borgland Dolphin drilling rig; Source: Dolphin Drilling