Archive | Global and Regional Markets

Exclusive video: Six potential business impacts of the US deficit

Posted on 13 November 2013 in Global and Regional Markets, News, Videos

As the US deficit approaches $17 trillion, businesses, including drilling contractors and operators, could potentially be negatively impacted by federal…

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Miller: BRIC countries slowing down but remain important E&P markets, drivers

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

Political instability and the lack of middle class development in BRIC countries – Brazil, Russia, India and China…

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Saltiel: Delivering operational excellence is key to Atwood growth

Posted on 13 November 2013 in Drilling It Safely, Global and Regional Markets, News

From 2011 to 2015, Atwood Oceanics will more than double its total fleet, with nine newbuilds joining eight legacy rigs. Its first two ultra-deepwater…

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Up to 7 Barents Sea wells among Statoil’s 2014 exploration plan

Posted on 12 November 2013 in Global and Regional Markets, News, The Offshore Frontier

Statoil has announced plans to drill 20 to 25 exploration wells on the Norwegian Continental Shelf (NCS) in 2014; approximately two-thirds will be Statoil-operated. …

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Growth beneath the surface

Posted on 30 October 2013 in 2013, Features, Global and Regional Markets, November/December, Onshore Advances

US onshore rig count fell this year, but the decline in this longtime benchmark belies the sector’s underlying strength. Some analysts say the more telling numbers are well counts, footage drilled and the number of frac stages completed. “There’s been a massive separation between the key activity…

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The rising East

Posted on 30 October 2013 in 2013, Features, Global and Regional Markets, November/December

The widely varied Asia Pacific energy market is on the cusp of significant change. From the export market of Australia in the south to the energy-hungry nations of Indonesia, Malaysia, Thailand, China and Japan, countries are looking to maximize domestic production…

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Staying afloat

Posted on 30 October 2013 in 2013, Features, Global and Regional Markets, November/December, The Offshore Frontier

Falling demand and rising supply suggest a potential near-term perfect storm for E&P, but long-term fundamentals remain sound, analysts report. The US continues to see phenomenal growth in raw crude and natural gas liquids production – up by 1.5 million bbls/day year over year…

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Plaisance: Escalating rig sizes may challenge growth of deepwater drilling

Posted on 30 October 2013 in 2013, Global and Regional Markets, November/December, The Offshore Frontier

Sixty years ago, Mr Charlie became industry’s first submersible drilling rig. It had 46 beds and was able to operate in up to 40 ft of water. That was…

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Taxes, costs dim Polish unconventionals, but optimism remains

Posted on 30 October 2013 in Global and Regional Markets, News

Two years ago, Poland promised a bright future for unconventionals, but today, high costs, government…

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European Commission: Public skepticism tops myriad challenges for shale gas prospects

Posted on 30 October 2013 in Drilling It Safely, Global and Regional Markets, News

Turning shale gas production into reality in Europe depends largely on geology, the market and, most importantly…

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