Archive | Global and Regional Markets

Eni makes oil, gas discovery offshore Congo

Posted on 13 February 2014 in Global and Regional Markets, News, The Offshore Frontier

Eni has made an exploration discovery in the Marine XII Block located approximately 17 km offshore Congo. The exploration well, Nene Marine 3, was drilled in a water depth…

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Avo Photonics, Weatherford develop downhole multi-channel photometer

Posted on 12 February 2014 in Drilling It Safely, Global and Regional Markets, News

Avo Photonics, an opto-electronic design and production specialist, in collaboration with Weatherford, has designed and validated the performance of a downhole multi-channel…

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Planning for medical emergencies can save lives on remote drilling sites

Posted on 12 February 2014 in Drilling It Safely, Global and Regional Markets, News, Videos

As drilling operations continue to expand into increasingly remote areas, it is important for companies to prepare their drilling crews to deal with medical emergencies…

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API Spec Q2 aims to standardize risk mitigation, improve service reliability

Posted on 12 February 2014 in 2014, Drilling It Safely, Global and Regional Markets, News

An industrywide collaboration is pushing to standardize expectations for drilling services with a risk management-based system. Although development of API Spec Q2 began…

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Maersk Completer secures four-year contract with Brunei Shell

Posted on 12 February 2014 in Global and Regional Markets, News, The Offshore Frontier

Brunei Shell Petroleum has awarded Maersk Drilling a four-year contract for the jackup Maersk Completer for operation offshore Brunei in Southeast Asia. The contract commences…

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UMW Drilling orders KFELS jackup, delivery expected in Q3 2015

Posted on 06 February 2014 in Global and Regional Markets, News, The Offshore Frontier

UMW Drilling, a wholly owned subsidiary of UMW Oil & Gas, has awarded Keppel FELS, a subsidiary of Keppel Offshore & Marine (Keppel O&M), a contract for a KFELS B Class jackup…

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Ensco sells two jackups for $33 million

Posted on 05 February 2014 in Global and Regional Markets, News

Ensco has sold its two remaining cold-stacked jackups for $33 million. The net book value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately…

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Noble names Stilley CEO of spinoff company Paragon Offshore

Posted on 05 February 2014 in Global and Regional Markets, News

Randall D. Stilley will serve as president and CEO of Noble Corp’s spinoff company Paragon Offshore, a standard specification offshore drilling company, Noble recently…

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BP awards KCA Deutag $220 million contract for newbuilds

Posted on 03 February 2014 in Global and Regional Markets, News

BP has awarded KCA Deutag a five-year, $220-million contract for the construction and operation of three fast-moving land rigs in Oman. Including options, the contract is valued…

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Survey ranks US, Brazil as top investment markets but raises concerns for costs, risks

Posted on 03 February 2014 in Global and Regional Markets, News

The US and Brazil rank as the most favorable regions for oil and gas investment in 2014, but there will be pressures to reduce costs and consolidate, a new report from DNV…

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