Archive | Global and Regional Markets

Coalition challenges data in US agencies’ sage grouse reports

Posted on 23 April 2015 in 2015, Global and Regional Markets, IADC: Global Leadership, Global Challenges, May/June

A coalition group, including IADC, is challenging plans by several US federal agencies that could significantly delay E&P projects in the Western US and Canada, affecting basins such as Green River, Powder River and Uinta…

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No end in sight for market volatility

Posted on 23 April 2015 in 2015, CurrentFeatures, Global and Regional Markets, May/June

The roller coaster ride the oil and gas industry has been on the last eight months has all the twists, turns and anxiety of an amusement park thrill ride – without the thrills. Significant volatility is evidenced by daily, sometimes hourly, price swings…

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Wirelines

Posted on 23 April 2015 in 2015, Global and Regional Markets, May/June

The second edition of API Specification 16C, Choke and Kill Equipment, was recently published. The publication establishes the minimum requirements for the design and manufacture of several types of new equipment…

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From the Chairman: Next upturn hard to see amid weak market, but industry must stay the course to come out stronger

Posted on 23 April 2015 in 2015, Global and Regional Markets, May/June

Our industry is facing a range of challenges, most notably low oil prices, and a drastic reduction in rig counts globally offshore and onshore. All indicators point to a tough market situation through this year…

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Eyes on the long term in US Gulf of Mexico

Posted on 23 April 2015 in 2015, CurrentFeatures, Global and Regional Markets, May/June, The Offshore Frontier

Major deepwater exploration successes made 2014 a banner year for the US Gulf of Mexico (GOM). These include Chevron’s Anchor and Guadalupe discoveries in the Green Canyon and Keathley Canyon areas of the Lower Tertiary trend; Shell’s Rydberg in the Mississippi Canyon in the Jurassic…

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US shale production expected to rise even as rig count tumbles

Posted on 23 April 2015 in 2015, CurrentFeatures, Features, Global and Regional Markets, May/June, Onshore Advances

Last year, the US land rig count peaked in November at 1,859. As of 10 April, that number had tumbled to 951, according to the Baker Hughes Rig Count. It’s a glaring indicator of the weak rig market…

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ExxonMobil exec calls for urgent action on US LNG exports

Posted on 20 April 2015 in Global and Regional Markets, News

The US may be at risk of losing economic opportunity and the ability to solidify its role as a global leader in energy production – unless the government moves to approve liquefied natural gas (LNG) exports…

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Kongsberg simulators selected to enhance training in Mexico

Posted on 20 April 2015 in Global and Regional Markets, Innovating While Drilling, News, The Offshore Frontier

FIDENA, on behalf of Mexico’s SCT has selected Kongsberg Maritime offshore simulators for the Marine Education Center in Ciudad del Carmen, Campeche…

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Wood Mackenzie: Deeper cuts may be needed to achieve cash flow neutrality

Posted on 14 April 2015 in Global and Regional Markets, News

The rapid and aggressive response by oil and gas companies to low oil prices has stabilized the sector; the price required for companies to be cash flow neutral in 2015…

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UKOG completes Weald Basin PEDL126 acquisition from Magellan

Posted on 13 April 2015 in Global and Regional Markets, News

UK Oil and Gas now holds 100% interest in the Weald Basin onshore license PEDL126 after acquiring Magellan Petroleum’s 40% interest. The license contains…

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