Archive | Global and Regional Markets

Concho Resources: Horizontal drilling will continue to drive Permian Basin growth

Posted on 20 May 2014 in Global and Regional Markets, News, Onshore Advances

Under a growth plan called “2×3”, Concho Resources is expecting to ramp up its drilling activities in the Permian Basin in order to double its production by 2016. Further, most…

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OTC panel: Cross-learning can improve deepwater, unconventional businesses

Posted on 12 May 2014 in Global and Regional Markets, News, OTC

The unconventional resources revolution continues to change the global energy landscape, even impacting the offshore segment. In a panel session at the 2014 Offshore…

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Video webinar airing 22 May: New approaches to site access minimize cost, risk and impact

Posted on 12 May 2014 in Departments, Global and Regional Markets, News

Good corporate citizenship and sound environmental practices are vital to maintaining the industry’s license to operate. At the same time, cost control is as important as ever…

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Marine simulator assists training, supports commissioning process for Jack-St. Malo development

Posted on 12 May 2014 in Drilling It Safely, Global and Regional Markets, News, OTC, The Offshore Frontier

A marine simulator that began primarily as a training tool ultimately evolved into a wide-scope system that was also able to help Chevron validate and trouble-shoot…

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GE’s “20-ksi” BOP completely re-engineered to meet demands of HPHT reservoirs

Posted on 08 May 2014 in Drilling It Safely, Global and Regional Markets, News, OTC, The Offshore Frontier

GE Oil & Gas has unveiled its 20,000-psi, “20-ksi,” BOP system for drilling depths up to 12,500 ft at the 2014 OTC in Houston. GE’s global technology teams completely re-engineered…

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Eni makes oil and gas discovery in the Norwegian Barents Sea

Posted on 02 May 2014 in Global and Regional Markets, News, The Offshore Frontier

Eni has made an offshore oil and gas discovery in the Norwegian Barents Sea, approximately 230 km from Hammerfest. The well 7220/7-3S is located 6 km south of the Johan Castberg…

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Multizone single-trip completions installed in Brazil pre-salt field

Posted on 01 May 2014 in Completing the Well, Drilling It Safely, Global and Regional Markets, News

Superior Completion Services has completed Brazil’s first multizone single trip installations in the Campos Basin, pre-salt Roncador field for Petrobras…

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MAX STREICHER successfully tests new offshore rig

Posted on 01 May 2014 in Global and Regional Markets, News

Test operations of the MAX STREICHER GmbH’s offshore rig VDD 400.2 were successfully completed at the STREICHER’s location in Deggenau, Germany, and will be…

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Oil, gas discovered in deepwater pre-salt offshore Angola

Posted on 01 May 2014 in Global and Regional Markets, News, The Offshore Frontier

The Angolan National Concessionaire Sonangol, Cobalt and the Block 20 partners – Sonangol Pesquisa e Produção and BP Exploration Angola (Kwanza Benguela) have announced the…

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People issues contribute to project delays, cost overruns

Posted on 29 April 2014 in Global and Regional Markets, News

Australia’s gas boom has prompted forecasts that it will overtake Qatar as the world’s biggest LNG exporter by 2020. The Australasian region has witnessed an unprecedented…

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