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Global and Regional Markets

OriginClear to test water treatment solution at Sinopec shale gas site in Chongqing, China

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OriginClear, a leading provider of water treatment solutions, announced its partnership with a regional organization in the Chinese province of Shandong for remediation of a shale gas site operated by the government-owned Sinopec Group, Asia's largest oil and gas company, and the second largest in the world, as listed in the Fortune Global 500...

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Noble combines simplicity, reliability for new electric BOP

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In 2014, Noble Drilling’s Research and Development team began designing an electrically powered blowout preventer (eBOP) that would have a closing force of 2 million lbs. Since then, the technology has been designed, manufactured and tested, and is now patent pending. At Noble’s eBOP Showcase and Live Shear Event at the NobleAdvances Training and Collaboration Center in Sugar Land, Texas, on 30 March, the eBOP’s shear-cutting capabilities were highlighted in a live demonstration. In this video from the event, Patrick O’Neill, Director of Research and Development; Robert Van Kuilenburg, Manager Mechanical Engineer; and Scott Marks, Senior Vice President of Engineering, discuss the advantages and value of the new technology. They also emphasized Noble’s core responsibilities as a drilling contractor and ...

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Newfield’s oil well breaks record 24-hour peak, 20-day average oil production rates

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Newfield Exploration Company‘s STACK (Oklahoma’s Sooner Trend oilfield, Anadarko Basin, and Canadian and Kingfisher counties) well recently achieved record oil production, according to the company’s recently disclosed results. Newfield has also raised expectations for its Q1 2017 domestic production. The Burgess well (4,859-ft lateral length), located in Kingfisher County, Okla., and the heart of the company’s 300,000 net STACK acres, achieved a 24-hr flow rate of 2,931 bbl of oil equivalent per day (BOEPD) (69% oil) and a 20-day average rate of 2,492 BOEPD (70% oil). When compared against publicly available industry data, the Burgess achieved record 24-hr oil production per 1,000 ft of gross perforated interval (1,000 ft GPI), or 417 bbl of oil per 1,000 ft GPI. The well also had a record 20-day ...

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First oil flows from the Flyndre field

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Production has begun from the Maersk Oil-operated Flyndre field in the UK and Norwegian North Sea. First oil began to flow on 26 March, traveling 25 km via pipeline to the Repsol Sinopec-operated Clyde platform. Production from the Flyndre field is expected to peak at 10,000 barrels of oil per day, with the field expected to produce until at least 2023. As well as today’s new production, Maersk Oil continues to focus on the North Sea region, where it is delivering value from a substantial producing asset base and major new developments such as the Maersk Oil-operated Culzean field on the UK Continental Shelf and the company’s stake in Norway’s Statoil-operated Johan Sverdrup field. Gretchen Watkins, Maersk Oil CEO, said, ...

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Maersk Drilling secures contract for jackup Maersk Gallant

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Maersk Drilling has been awarded a contract for the harsh-environment jackup rig Mærsk Gallant, following a competitive tendering exercise by Nexen Petroleum UK, a wholly owned subsidiary of China National Offshore Oil Corporation. The contract covers the drilling of the High-pressure, High-temperature (HPHT) exploration Glengorm well, in the UK sector of the North Sea. The contract duration is estimated for 140 days and is expected to commence in the Q3 of 2017. “I am glad to announce that Maersk Drilling has been able to secure a new contract for the jackup rig, Mærsk Gallant. Despite the current market downturn, Maersk Drilling has secured three new contracts in the past four months,”said Michael Reimer Mortensen, Vice President and Head of Global Sales ...

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Gulf of Mexico lease sale yields $275 million in high bids on 913,542 acres in central planning area

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US Secretary of the Interior Ryan Zinke has announced that Lease Sale 247 for oil and gas parcels in the Gulf of Mexico garnered $274,797,434 in high bids for 163 tracts covering 913,542 acres in the Central Planning Area of the Outer Continental Shelf (OCS) offshore Louisiana, Mississippi, and Alabama...

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