Archive | Global and Regional Markets

Petrobras cites 4 pillars for drilling contractors in offshore well construction

Posted on 26 March 2014 in Global and Regional Markets, News, The Offshore Frontier

In the next four years, Petrobras will invest approximately $79 billion in well construction, which accounts for 36% of Petrobras’ total investments, an executive with Petrobras…

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Video: Integrated team tackles construction of 7 drillships in Brazilian shipyard

Posted on 26 March 2014 in Global and Regional Markets, News, The Offshore Frontier, Videos

OdfjellGalvão, Petrobras and Seadrill are each working with Sete Brasil to monitor the construction of seven drillships that are part of a project to build 29 ultra-deepwater…

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Brazilian regulator ANP developing rules for well design, BOP reliability

Posted on 26 March 2014 in Drilling It Safely, Global and Regional Markets, News

Since 2010, ANP, the Brazilian National Agency of Petroleum, Natural Gas and Biofuels, has completed more than 200 audits on offshore and onshore oil and gas fields and onshore…

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Petrobras develops web-based software to sort, filter rig information, KPIs

Posted on 26 March 2014 in Global and Regional Markets, News, The Offshore Frontier

To integrate key information about its growing number of rigs into one database, Petrobras has created a web-based software to sort and filter rig specification and safety…

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Video: Noble PATH program defines job competencies, career paths

Posted on 26 March 2014 in Drilling It Safely, Global and Regional Markets, News, Videos

In October 2013, Noble rolled out PATH, a “promotion and advancement through hard work” program that is designed to measure, optimize and demonstrate the competency…

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Maersk Drilling names new ultra-harsh environment jackup

Posted on 24 March 2014 in Global and Regional Markets, News, The Offshore Frontier

Maersk Drilling has named a new ultra-harsh environment jackup, Maersk Intrepid, in a ceremony at the Keppel FELS shipyard in Singapore. Maersk Intrepid is the first in a…

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Precision Drilling signs new international contracts, increases 2014 CAPEX plan

Posted on 24 March 2014 in Global and Regional Markets, News

Precision Drilling has signed a multi-year contract for a Super Triple newbuild, ST-2000 rig that will be delivered in Q4 late this year. In Mexico, the company has also signed…

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OSRL opens Brazil base housing subsea capping stack

Posted on 14 March 2014 in Drilling It Safely, Global and Regional Markets, News

Oil Spill Response Ltd (OSRL), a global response cooperative funded by some 160 oil and energy companies, has opened a new base in Angra dos Reis, Brazil. The base houses…

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Petrobras confirms deepwater discovery in Potiguar Basin


Posted on 13 March 2014 in Drilling It Safely, Global and Regional Markets, News

Petrobras has completed drilling wildcat well 1-BRSA-1205-RNS (1-RNS-158), also known as Pitu, and has confirmed the discovery of intermediate oil (24º API)…

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Energy XXI to add significant assets through EPL merger

Posted on 12 March 2014 in Global and Regional Markets, News

Energy XXI has signed a definitive merger agreement to acquire all outstanding shares of EPL Oil & Gas for a total consideration of $2.3 billion, including the assumption…

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