Archive | Global and Regional Markets

Statoil, Shell and Sonatrach awarded acreage onshore Algeria

Posted on 30 September 2014 in Global and Regional Markets, News, Onshore Advances

Statoil and Shell were awarded the Timissit Permit License in the Illizi-Ghadames Basin onshore Algeria. The license is in southeastern Algeria and covers an area of 2,730 sq km…

PrintFriendlyShare This

Comments (0)

Rosneft discovers oil in Kara Sea

Posted on 29 September 2014 in Global and Regional Markets, News, The Offshore Frontier

Rosneft successfully completed the drilling of the Universitetskaya-1 well in the Arctic – the northernmost well in the world, according to the company, and discovered oil at the East-Prinovozemelskiy-1 license area…

Comments (0)

Eni awarded 3 new exploration licenses in Egypt

Posted on 25 September 2014 in Global and Regional Markets, News

Eni was the successful bidder of three new exploration licenses in Egypt as a result of the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded after the ratification…

Comments (0)

Maersk Drilling receives one-year extension for Maersk Convincer

Posted on 22 September 2014 in Global and Regional Markets, News, The Offshore Frontier

Petronas Carigali has extended the contract for the jackup rig Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2015…

Comments (0)

Patterson-UTI Energy to acquire Texas-based pressure pumping assets

Posted on 22 September 2014 in Global and Regional Markets, News, Onshore Advances

A subsidiary of Patterson-UTI Energy has entered into an agreement to acquire the Texas-based pressure pumping assets of a privately held company…

Comments (0)

ExxonMobil to add 17,800 net acres in Permian Basin

Posted on 19 September 2014 in Global and Regional Markets, News, Onshore Advances

ExxonMobil has entered an agreement with LINN Energy to add 17,800 net acres in the Permian Basin to its US oil and natural gas portfolio managed by subsidiary XTO Energy. In the exchange, LINN Energy will…

Comments (0)

Eni discovers oil onshore Ecuador

Posted on 19 September 2014 in Global and Regional Markets, News

Eni has made a significant oil discovery in Ecuador at the Oglan-2 exploration well located in Block 10, approximately 260 km southeast of Quito Early estimates suggest that the Oglan discovery potentially contains about 300 million bbl of oil in place. The well…

Comments (0)

PTTEP: NOCs, IOCs and service companies must combine strengths to overcome challenges

Posted on 09 September 2014 in Drilling It Safely, Global and Regional Markets, News, Videos

As assets become more mature and operations become more complex, industry is challenged with finding economical and environmentally friendly operating strategies…

Comments (0)

Revitalized IADC Southeast Asia Chapter unites companies to address regional issues

Posted on 09 September 2014 in Global and Regional Markets, IADC: Global Leadership, Global Challenges, News, Videos

The IADC Southeast Asia Chapter hosted its first meeting on 24 August after being dormant for more than five years. The need to address regional issues as a cohesive group…

Comments (0)

Climate, environment challenge operations in Myanmar, Thailand

Posted on 09 September 2014 in Global and Regional Markets, News, Videos

In Q1 this year, Myanmar awarded 20 offshore blocks – 10 shallow water and 10 deepwater. In Q4 last year, 16 land blocks were awarded. “Myanmar is probably one of the last frontier areas in the world with…

Comments (0)

FEATURED MICROSITES