Archive | Global and Regional Markets

Gas production begins from UK Jasmine field

Posted on 21 November 2013 in Global and Regional Markets, News, The Offshore Frontier

The Jasmine field in the UK North Sea has started gas production. Jasmine was discovered in 2006 by ConocoPhillips as operator (36.5%), together with its co-venturers Eni…

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Seadrill’s West Auriga drillship begins development drilling for BP in GOM

Posted on 19 November 2013 in Global and Regional Markets, News, The Offshore Frontier

Seadrill’s new ultra-deepwater drillship, the West Auriga, recently began development drilling work at BP’s Thunder Horse field in deepwater Gulf of Mexico (GOM). …

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Exclusive video: Energy reforms could shake up Mexican market

Posted on 13 November 2013 in Global and Regional Markets, News, Videos

Mexico’s Congress is expected to vote soon on whether to reform its Constitution to open the country’s economy to foreign oil and gas companies…

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Exclusive video: Six potential business impacts of the US deficit

Posted on 13 November 2013 in Global and Regional Markets, News, Videos

As the US deficit approaches $17 trillion, businesses, including drilling contractors and operators, could potentially be negatively impacted by federal…

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Miller: BRIC countries slowing down but remain important E&P markets, drivers

Posted on 13 November 2013 in Global and Regional Markets, News

Political instability and the lack of middle class development in BRIC countries – Brazil, Russia, India and China…

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Saltiel: Delivering operational excellence is key to Atwood growth

Posted on 13 November 2013 in Drilling It Safely, Global and Regional Markets, News

From 2011 to 2015, Atwood Oceanics will more than double its total fleet, with nine newbuilds joining eight legacy rigs. Its first two ultra-deepwater…

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Up to 7 Barents Sea wells among Statoil’s 2014 exploration plan

Posted on 12 November 2013 in Global and Regional Markets, News, The Offshore Frontier

Statoil has announced plans to drill 20 to 25 exploration wells on the Norwegian Continental Shelf (NCS) in 2014; approximately two-thirds will be Statoil-operated. …

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Growth beneath the surface

Posted on 30 October 2013 in 2013, Features, Global and Regional Markets, November/December, Onshore Advances

US onshore rig count fell this year, but the decline in this longtime benchmark belies the sector’s underlying strength. Some analysts say the more telling numbers are well counts, footage drilled and the number of frac stages completed. “There’s been a massive separation between the key activity…

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The rising East

Posted on 30 October 2013 in 2013, Features, Global and Regional Markets, November/December

The widely varied Asia Pacific energy market is on the cusp of significant change. From the export market of Australia in the south to the energy-hungry nations of Indonesia, Malaysia, Thailand, China and Japan, countries are looking to maximize domestic production…

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Staying afloat

Posted on 30 October 2013 in 2013, Features, Global and Regional Markets, November/December, The Offshore Frontier

Falling demand and rising supply suggest a potential near-term perfect storm for E&P, but long-term fundamentals remain sound, analysts report. The US continues to see phenomenal growth in raw crude and natural gas liquids production – up by 1.5 million bbls/day year over year…

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