Archive | Global and Regional Markets

Statoil makes gas discovery in Kramsnø prospect in Barents Sea

Posted on 20 February 2014 in Global and Regional Markets, News, The Offshore Frontier

Statoil has together with PL532 partners made a gas discovery in the Kramsnø prospect in the Barents Sea. The exploration program around the Johan Castberg field has been…

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Seadrill secures contracts with PEMEX for 4 jackups

Posted on 19 February 2014 in Global and Regional Markets, News

PEMEX has awarded six-year drilling contracts to Seadrill’s West Oberon, West Intrepid, West Defender and West Courageous jackups. A fifth contract for the recently acquired jackup…

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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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