UOR News

Baker Hughes: Launches TerrAdapt Adaptive Drill Bit

Baker Hughes: Launches TerrAdapt Adaptive Drill Bit

Baker Hughes announced today the commercial release of its TerrAdapt™ adaptive drill bit, which can deliver dramatic improvements in drilling economics by using automation to mitigate downhole dysfunctions that cause inefficient drilling and costly tool failures

Gazprom Neft: Multi Stage Fracturing

Gazprom Neft: Multi Stage Fracturing

Twenty years ago the company performed its first hydraulic fracturing on the testing ground of Noyabrskneftegaz’s Karamovskoye field. Since then, the hydraulic fracturing technique has become ever more sophisticated...

NovosibirskNIPIneft: Smart Wells – Downhole Monitoring

NovosibirskNIPIneft: Smart Wells – Downhole Monitoring

The objective of production well flow performance and other parameter monitoring is to optimize oil and gas production. This article describes the concept of continuous downhole monitoring of operating well perforation intervals...

Halliburton and Baker Hughes: Response to EU's Phase II Review of the Acquisition

Halliburton and Baker Hughes: Response to EU's Phase II Review of the Acquisition

Halliburton Company and Baker Hughes Incorporated today noted the decision by the European Commission to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This decision is a normal step in the Commission’s review process, and the views expressed by the Commission at this stage are preliminary only...

Gazpromneft Khantos: Acquires the Maloyugansk and Zapadno-Zimnee Licence Blocks

Gazpromneft Khantos: Acquires the Maloyugansk and Zapadno-Zimnee Licence Blocks

Gazpromneft Khantos has acquired two new exploration and production (E&P) licences, for the Maloyugansk and Zapadno-Zimnee fields in the Khanty Mansiysk Autonomous Region. These new assets, acquired by auction, adjoin the currently developed Yuzhno-Kinyaminsk and Zimnee fields. The licences are valid for a period of 25 years...

Gazprom Neft: Completes Testing of Priobskoye Directional Wells

Gazprom Neft: Completes Testing of Priobskoye Directional Wells

Gazprom Neft has completed testing of four directional wells (drilled to investigate reserves within the Bazhenov formation) at its concession within the southern area of the Priobskoye field (Khanty Mansiysk Autonomous Region). The results obtained have allowed the resolution of the key issue underpinning the first stage of this project...

Gazprom Neft Khantos: Completes First Shale Oil Hydraulic Fracturing

Gazprom Neft Khantos: Completes First Shale Oil Hydraulic Fracturing

“Gazprom Neft-Khantos” completed the first two test wells drilled in the south licensed the Ob field to explore reserves Bazhenov horizon. Both directional wells conducted hydraulic fracturing (HF), a flow of hydrocarbons in the near future will be completed testing of two similar wells...

Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion

Halliburton and Baker Hughes Reach Agreement to Combine in Stock and Cash Transaction Valued at $34.6 Billion

Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughesshare, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on November 12, 2014...