Archive | Global and Regional Markets

Tullow: Shimela-1 well onshore Ethiopia encountered water-bearing reservoirs

Posted on 23 May 2014 in Global and Regional Markets, News, Onshore Advances

The Shimela-1 well in the South Omo Block onshore Ethiopia was drilled to test a prospect in a northwestern sub-basin of the vast Chew Bahir basin. The frontier wildcat well…

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Hercules, Maersk Oil sign 5-year deal for newbuild jackup

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

Hercules Offshore has signed a five-year drilling contract with Maersk Oil North Sea UK for a newbuild jackup to be owned and operated by Hercules Offshore. Total contract…

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Lawler: Independents led US shale revolution, will play key role globally as well

Posted on 21 May 2014 in Global and Regional Markets, News, Onshore Advances

Under a new corporate strategy focused on financial discipline, Chesapeake Energy expects to stay at an operational level of approximately 60 to 80 rigs per day, CEO Doug…

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Switching to bi-fuel: factors to be considered

Posted on 21 May 2014 in Global and Regional Markets, News, Onshore Advances, Videos

The drilling industry is increasingly turning to compressed natural gas (CNG) as an alternative fuel solution on drilling sites. Significant savings are possible compared with diesel, but several factors…

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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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