Archive | Global and Regional Markets

Ensco takes delivery of newbuild jackup

Posted on 23 December 2013 in Global and Regional Markets, News, The Efficient Rig

Ensco has taken delivery of ENSCO 121, the second of four ultra-premium harsh environment jackup rigs in its ENSCO 120 Series. The rig is contracted to work in the North Sea…

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BP makes discovery at Gila prospect in GOM

Posted on 18 December 2013 in Global and Regional Markets, News, The Offshore Frontier

BP, with co-venturer ConocoPhillips, has discovered oil at the Gila prospect in the deepwater Gulf of Mexico (GOM). This is BP’s third discovery and ConocoPhillips’ fourth…

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Chevron budgets $35.8 billion for 2014 exploration, production activities

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

Chevron plans to invest $35.8 billion toward exploration and production activities, which is approximately 90% of the company’s 2014 investment program. The…

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Study: Development offshore US Atlantic could add $195 billion in investment

Posted on 11 December 2013 in Global and Regional Markets, News, The Offshore Frontier

Approximately 85% of acreage in federal offshore waters is inaccessible to offshore oil and natural gas…

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Oil, gas discovery proves additional resources in the Johan Castberg area

Posted on 11 December 2013 in Global and Regional Markets, News, The Offshore Frontier

Statoil, with partners Eni Norge and Petoro, made an oil and gas discovery in the Skavl prospect in PL532…

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BG Group raises Tanzania resources to 15 Tcf

Posted on 11 December 2013 in Global and Regional Markets, News, The Offshore Frontier

BG Group has increased total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion…

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Chevron Thailand promotes focus on planning for safe, efficient and consistent performance

Posted on 27 November 2013 in Drilling It Safely, Global and Regional Markets, News

In its mission to ensure consistently safe, efficient and reliable well construction, Chevron Thailand has…

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Hoffman: Industry should view people shortage as opportunity, not challenge

Posted on 27 November 2013 in Global and Regional Markets, News, The Offshore Frontier

The people shortage is looming large in the drilling industry, and it’s an issue that can’t wait any longer, Kurt Hoffman…

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Gallegos: Record-setting AC-drive rigs reduce cycle times, drilling costs

Posted on 27 November 2013 in Drilling It Safely, Global and Regional Markets, News, Onshore Advances, The Efficient Rig

Since 2008, many supermajors, large independents and even NOCs have increased their focus on land…

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Customizable well stimulation vessel targets Gulf of Mexico shelf

Posted on 27 November 2013 in Completing the Well, Global and Regional Markets, News, The Offshore Frontier

Additional capacity on a new stimulation vessel dedicated to the Gulf of Mexico (GOM) will allow multiple treatments for well stimulation, fracturing and…

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