JPT: Latest News

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Latest News are articles brought to you online only and have not been published in an issue of JPT. Average production from Bakken wells completed more than 3 years after they were drilled was approximately equal to wells drilled a year before they were put into service, according to a study by the US Energy Information Administration. In his first public appearance, Schlumberger’s new CEO said the company would focus on digitalization and restructure some operations. The move to split oversight of Aramco from the Energy Ministry ends decades of tradition but is designed to avoid conflicts of interest ahead of what could be the largest IPO in history. Recent exploration success in the North Sea has motivated Total to invest some $10 billion in the basin over the next 5 years. Equinor, Microsoft, and Halliburton are among those joining forces.

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