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CanElson Drilling cuts capital budget by 80%, reduces dividend by half
2015-01-19 18:26:01| IT Services - Topix.net
CanElson Drilling Inc. says it will reduce its quarterly dividend by 50 per cent, defer the completion of three new drilling rigs, and reduce its capital budget by 80 per cent as a result of low crude oil and natural gas prices. The Calgary-based company says activity remains relatively strong its expects both activity and pricing levels to decline in 2015 in response to what appears to be a prolonged decline in global oil prices.
Oil gains as drilling slows in US
2015-01-18 21:05:48| Oil & Gas - Topix.net
Oil advanced, capping the first weekly gain since November, after the International Energy Agency lowered forecasts for supplies from outside Opec and an industry report showed US companies had reduced drilling activity. Crude rose 5.3 per cent in New York.
Pennsylvania Sees Little Radiation Threat in Drilling Waste
2015-01-16 15:26:00| Waste Age
The Associated Press Pennsylvania state environmental regulators released a study Thursday on radiation levels in oil and gas industry wastewater and byproducts that they say shows little potential for direct radiation exposure to workers and the public. But it recommends a follow-up study to determine whether radiation can build up in the environment. read more
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Polish farmers blockaded Chevron frackers for 400 days and stopped drilling in their region
2015-01-15 19:21:00| Climate Ark Climate Change & Global Warming Newsfeed
Inhabitat: In July, Chevron abandoned its plans to drill for gas in Zurawlow, Poland, after farmers and families from Zurawlow (and four nearby villages) blockaded a proposed shale drilling site with tractors and other pastoral machinery for 400 days. Now, that victory is inspiring other Poles to fight back against the fracked gas industry. According to a soon-to-be-outdated Polish Geological Institute study in March 2012, estimated recoverable shale gas beneath the country`s surface is estimated to be between...
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Solid Carbide Drill overcomes deep-hole drilling problems.
2015-01-15 14:31:08| Industrial Newsroom - All News for Today
Suited for applications up to 8xD, TiAlN-coated R459 drills such materials as steel, stainless steel, cast iron, copper, and aluminum. Continuously Thinned Web geometry maximizes flute volume and cross sectional strength, outer corner design protects against wear and chipping, and 140º point angle facilitates centering and reduces thrust requirements. While consistent edge preparation protects against premature chipping and flaking, internal coolant holes help minimize machine downtime.
Tags: problems
solid
drill
drilling
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