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...Oil companies have experimented by jamming more sand and fluid into the wellbore. Average drilling times have fallen from 29 days to 20 days since 2013 as rigs become faster, Rystad figures show....
...That deal would have left the combined company and its one big competitor Schlumberger sharing more than 90 per cent of the market for offshore cementing and drilling fluids, for example....
...could limit initial deals to orders of fracturing fluids and support equipment, and that the winning firms may have to rely on small, local service companies for drilling, industry experts said....
...Bob Daniels, Anadarko’s senior vice-president for deepwater and international exploration, highlighted evidence that the Shenandoah field had “reservoir rock and fluid properties of much higher quality than...
...The command group said the vessel was carrying 150,000 gallons of ultra low-sulphur diesel fuel and about 12,000 gallons of lubricating oil and hydraulic fluid and that more than 250 people were working...
...Oil extracted in the US by “fracking” – drilling through dense rock, then fracturing it with high-pressure fluids – has grown fivefold since 2006 to 500,000 barrels a day....
...They raised concerns about both the possibility of water pollution from the fluids used and the effect of burning gas in creating carbon dioxide emissions....
...But Sefton rebounded on Friday after revealing that it had scheduled the drilling of four new wells at Tapia Canyon for mid-November and trimmed its weekly losses to just 0.8 per cent....
...The analyst note added that there were benefits to scale, and that Superior was adding pressure pumping, well servicing and fluid handling to its mix....
...The company, known as Rheochem before the sale of its drilling fluids business earlier this year, owns a 10 per cent interest in the Athena development, which is due to deliver first oil in the fourth quarter...
...Pursuit Dynamics , the fluid technology group, moved higher on Thursday. Its shares advanced 7.2 per cent to 209p on news of a deal to supply one of its PDX systems to a leading European food producer....
...A government advisory panel last month urged disclosure of what is in fracturing fluid....
...Fluid technology group Pursuit Dynamics dropped 23.9 per cent to 193¼p amid talk of forced selling following margin hikes from several spread betting companies....
...When the price of oil goes up, as it did in 2010-2011, demand for rigs, drills, lubricating fluids, pumps and measurement tools rises too....
...In earnings news, Newpark Resources, a provider of drilling fluids, reported fourth-quarter earnings of 15 cents a share, beating the average analyst estimate of 10 cents, and sending the stock up 4.8 per...
...gas But it has lacked two products provided by Smith: drill bits, and the fluids that lubricate the drilling process....
...The process involves drilling down for up to 20,000 feet and sideways for up to 4,500 feet....
...The two companies operate a drilling fluids joint venture, M-I Swaco, which when it was formed in 1999 led to them paying a fine of $14.6m to US antitrust authorities....
...This includes the high pressure fluid injections, or “fracs”, that make fractures in the rock through which the tightly held gas flows to the well....
...There was more bad news on drilling from Premier Oil, off 4.5 per cent to 750p....
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