Archive | Global and Regional Markets

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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Rowan elects Thomas Burke as new CEO; appoints Matt Ralls executive chairman of board

Posted on 28 April 2014 in Global and Regional Markets, News

Rowan Companies has elected Dr Thomas P. Burke as the CEO and appointed W. Matt Ralls as Executive Chairman of the Board along with Sir Graham Hearne as new Lead Director of the…

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Premier makes oil, gas discovery offshore Indonesia

Posted on 28 April 2014 in Drilling It Safely, Global and Regional Markets, News

Premier Oil has made an oil and gas discovery in the Kuda Laut-1 well in Tuna PSC offshore Indonesia. Oil and gas samples were recovered to surface and discovered 183 ft…

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Songa sells 2 rigs, establishes joint venture with Opus Offshore; Ensco sells jackup

Posted on 25 April 2014 in Global and Regional Markets, News, The Offshore Frontier

Songa Offshore has entered into an agreement with Opus Offshore Group for the sale of two rigs and establishment of a joint venture drilling management company, the Songa-Opus…

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Analysis: Dayrate business model not built to drive innovation, value delivery

Posted on 22 April 2014 in 2014, Global and Regional Markets, May/June

The drilling business model has become the “elephant in the room” as drilling systems automation advances seek an integrator and technology/performance enhancements seek…

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MPD poised for growth in Australasia deepwater

Posted on 22 April 2014 in 2014, Global and Regional Markets, Innovating While Drilling, May/June, The Offshore Frontier

The pace and success of Australasia’s deepwater exploration and development depends on achieving high standards of safety and environmental stewardship while addressing…

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Rewards on the offshore horizon

Posted on 22 April 2014 in 2014, Features, Global and Regional Markets, May/June, The Offshore Frontier

Navigating the offshore market these days is an uneasy voyage of great expectations balanced by economic reality. As a strong pipeline of deepwater projects and buoyant…

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Certification of 1st DGD drillship paves path for ultra-deepwater drilling

Posted on 22 April 2014 in 2014, Global and Regional Markets, May/June, The Offshore Frontier

Drilling to deeper depths in the Gulf of Mexico (GOM) has increased the geometric complexity of subsea well designs. Deepwater drillers must contend with challenges such as…

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Global exploration, streamlined drilling to lead Statoil growth

Posted on 22 April 2014 in 2014, Global and Regional Markets, May/June, The Offshore Frontier

Global exploration will be the primary growth engine for Statoil in the near term, and the US Gulf of Mexico (GOM) will play an important role in that strategy as the company…

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Back on the upswing

Posted on 22 April 2014 in 2014, Features, Global and Regional Markets, May/June, Onshore Advances

Steadily high oil prices – WTI oil continues to hover around $100/bbl – along with expanding opportunities around the world have drilling contractors, operators and analysts…

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