Oil well

Global Oil and Gas Magnetic Ranging Market (2020 to 2025) - Growth, Trends, and Forecasts - ResearchAndMarkets.com

Tuesday, November 24, 2020 - 11:53am

Magnetic ranging refers to the determination of the relative position of one well with respect to other using magnetic measurements.

Key Points: 
  • Magnetic ranging refers to the determination of the relative position of one well with respect to other using magnetic measurements.
  • The depletion of easy oil is making the oil and gas industries shift towards other options like heavy oil and bitumen.
  • The production of heavy hydrocarbons requires assisted drainage, which is driving the need for magnetic ranging.
  • Although global heavy oil production witnessed a drop in 2019 to 11.6 million barrels per day, with upcoming deepwater projects, horizontal drilling and increasing CBM projects, the magnetic ranging market is expected to grow significantly.

Treasury Metals Announces Commencement of 10,000m Drilling Program at Goldlund Gold Project

Monday, November 23, 2020 - 12:30pm

TORONTO, Nov. 23, 2020 /PRNewswire/ -Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to confirm that it has commenced an initial 10,000m winter drilling program as the first phase of its overall program at its 100% owned Goldlund Gold Project ("Goldlund") located to the east of Dryden, Ontario.

Key Points: 
  • TORONTO, Nov. 23, 2020 /PRNewswire/ -Treasury Metals Inc. (TSX: TML) ("Treasury" or the "Company") is pleased to confirm that it has commenced an initial 10,000m winter drilling program as the first phase of its overall program at its 100% owned Goldlund Gold Project ("Goldlund") located to the east of Dryden, Ontario.
  • The Goldlund winter drilling program will consist of approximately 10,000 metres of infill and expansion drilling in support of resource delineation at Goldlund.
  • Treasury's Goliath Gold Project and Goldlund Gold Project are located in Northwestern Ontario.
  • The Company also owns several other projects throughout Canada, including the Lara Polymetallic Project, Weebigee Gold Project, and grassroots gold exploration property Gold Rock/Thunder Cloud.

Sunward to Showcase 38 Equipment at bauma CHINA 2020

Sunday, November 22, 2020 - 2:26am

SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.

Key Points: 
  • SHANGHAI, Nov. 21, 2020 /PRNewswire/ -- As a world-class manufacturer, Sunward will bring 38 equipment covering 8 product lines at the upcoming bauma CHINA 2020.
  • During the exhibition, Sunward will display the integrated solutions as well as a wide range of construction equipment including excavator, rotary drilling rig, rock drilling equipment, mobile crusher, telescopic crane, and the tunnel boring machine.
  • The company has got significant independent intellectual property rights and core competitiveness in more than ten product lines including underground engineering equipment, a full range of excavators, rock drilling equipment, special equipment, mining equipment, lifting machinery, hydraulic components and general aviation equipment.
  • Its tough high-end equipment have exported to more than 100 countries and regions around the world
    At bauma CHINA 2020, Sunward will be welcoming visitors at the brand new outdoor stand D76 & D80.

Superior Drilling Products, Inc. Receives Notice of Noncompliance from NYSE American

Friday, November 20, 2020 - 1:03pm

SDP then intends to submit a plan for regaining compliance to the NYSE American by the required submission date of December 18, 2020.

Key Points: 
  • SDP then intends to submit a plan for regaining compliance to the NYSE American by the required submission date of December 18, 2020.
  • If the NYSE American accepts the plan, the Company will be subject to ongoing periodic reviews, including quarterly monitoring, for compliance with the plan.
  • Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry.
  • SDP drilling solutions include the patented Drill-N-Ream well bore conditioning tool and the patented Strider oscillation system technology.

CA Permits To Drill New Oil And Gas Production Wells Rose 160%, While New Wells Actually Drilled Plummets To 60;

Thursday, November 19, 2020 - 7:04pm

The footage at well sitescaptured by Earthworks' Community Empowerment Project California Organizer using optical gas imaging technologymakes the pollution emitted from oil wells visible.

Key Points: 
  • The footage at well sitescaptured by Earthworks' Community Empowerment Project California Organizer using optical gas imaging technologymakes the pollution emitted from oil wells visible.
  • But permits to drill and rework wells outpaced permits to plug wells by 16% over the last nine months.
  • New and existing oil and gas production wells continue to present elevated risks of air toxics emissions.
  • "The good news is oil and gas drillers are not using their permits to drill new wells and new production has ground to a virtual halt," said Tucker.

Deep Isolation's $20 Million Series A Raise Led by NAC International

Wednesday, November 18, 2020 - 1:00pm

BERKELEY, Calif., Nov. 18, 2020 /PRNewswire-PRWeb/ --Deep Isolation announced today it closed its $20 million Series A raise, led by nuclear industry leader NAC International Inc. (NAC).

Key Points: 
  • BERKELEY, Calif., Nov. 18, 2020 /PRNewswire-PRWeb/ --Deep Isolation announced today it closed its $20 million Series A raise, led by nuclear industry leader NAC International Inc. (NAC).
  • "Deep Isolation is leveraging proven horizontal drilling and conveyance technology from the oil and gas industry to develop a patent-protected method for effectively disposing of used nuclear fuel and high-level waste.
  • Deep Isolation applies directional drilling technology to safely and securely dispose of nuclear waste deep underground.
  • According to the terms of the deal announced today, NAC will take a seat on Deep Isolation's Board of Directors.

Worldwide Oil and Gas Nuclear Magnetic Resonance Industry to 2025 - Onshore Sector to Dominate the Demand - ResearchAndMarkets.com

Wednesday, November 18, 2020 - 11:05am

The wells are expected to be drilled during the next seven years, hence increasing the demand for logging services market during the forecast period.

Key Points: 
  • The wells are expected to be drilled during the next seven years, hence increasing the demand for logging services market during the forecast period.
  • In Russia, Gazprom Neft continues to conduct studies on its Bazhenov acreage and is targeting 40,000 b/d of production from shale by 2023.
  • With increasing rig count in the Asia Pacific to 228 in 2019, drilling of new can be expected.
  • Onshore oil production in the United States accounts for around 84% of the country's oil production and 3% of the country's natural gas production as of 2018.

Golden Predator Completes 2020 Drill Program at Brewery Creek Mine, Yukon

Tuesday, November 17, 2020 - 1:30pm

VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the Company) today announces the completion of its 2020 work program at its licensed 100%-owned Brewery Creek mine project located approximately 55 km by road from Dawson City, Yukon.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the Company) today announces the completion of its 2020 work program at its licensed 100%-owned Brewery Creek mine project located approximately 55 km by road from Dawson City, Yukon.
  • The 2020 Brewery Creek drill program consisted of exploration, in-fill, geotechnical, hydrogeologic and metallurgical drilling to advance the Bankable Feasibility Study currently underway and projected for completion in Q1/21.
  • The 32 reverse circulation drill holes drilled in 2020 were designed to fill in and expand the gold resource between the eastern Golden zone and western Lucky zone.
  • A total of eleven geotechnical/hydrogeologic drill holes were completed to support the ongoing Bankable Feasibility Study at Brewery Creek.

Elim Mining Drilling Returns 200 ft (61.0 m) of 1.25% CuT from Cactus Project, Arizona

Tuesday, November 17, 2020 - 11:30am

Cactus planned resource step-out drilling, totalling 26,626 ft (8,116 m) in 18 drill holes, will be completed by the end of November.

Key Points: 
  • Cactus planned resource step-out drilling, totalling 26,626 ft (8,116 m) in 18 drill holes, will be completed by the end of November.
  • Following the completion of these drill holes and based on the results, step-out and infill drilling will continue at both Cactus and Parks/Salyer.
  • Elim Mining has exposure to the Santa Cruz porphyry copper trend that hosts the Cactus Deposits among others.
  • It is exciting to observe oxide and enriched grades up to 200 ft of 1.24% CuT from hole ECE-002.

Vantage Drilling International Reports Third Quarter Results for 2020

Monday, November 16, 2020 - 1:00pm

Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships and five premium jackup drilling rigs.

Key Points: 
  • Vantage, a Cayman Islands exempted company, is an offshore drilling contractor, with a fleet of three ultra-deepwater drillships and five premium jackup drilling rigs.
  • Vantage also provides construction supervision services and preservation management services for, and will operate and manage, drilling units owned by others.
  • As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.
  • Vantage disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.