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EIA: US natural gas-directed rigs decreased for second consecutive year in 2024

Oilfield Technology

The decline in drilling rigs coincides with record-low natural gas prices for most of 2024 and the wider adoption of advanced drilling and completion technologies.

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Drilling Rig Systems

Rig Skills

Drilling rig consists of following systems. Hoisting system Rotary system Circulation System Power system BOP system Monitoring system Drilling Rig Hoisting System It enable drilling rig to raise and lower working string into and out of well bore. Rotary system components are TDS or kelly and drill string.

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Fayoum 5 Exploration Well Findings Indicate Potential Natural Gas Discovery by bp in Mediterranean

Egypt Oil & Gas

The initial results of the Fayoum 5 exploration well located in North Alexandria, which is in the west of the Mediterranean, showed the presence of a gas-bearing layer, and electrical recordings are being made in the coming days.

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Upstream Midstream Downstream – What is the Difference?

Aresco

Each sector has distinct activities and focuses on specific aspects of the overall oil and gas supply chain. What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs.

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What are Tangible Drilling Costs?

Aresco

Tangible Drilling Costs (TDC) are expenses associated with the physical aspects of drilling for oil and natural gas. These costs are directly related to the actual drilling operations and typically represent a significant portion of the overall expenses in oil and gas exploration and production.

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What are the Different Types of OCTG Pipes Used in the Oil and Gas Industry?

DIC Oil Tools

These tubular products are built to withstand cruel conditions in the oil and gas industry. OCTG Pipes are a family of seamless rolled products, including tubing, casing, and drill pipe, used in the drilling and production of oil and natural gas. What are OCTG Pipes?

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