Archive | Global and Regional Markets

CEOs: Industry renaissance requires cooperation, technology to meet rising energy demand

Posted on 28 March 2013 in Global and Regional Markets, News

The oil and gas industry is entering a renaissance, but only if it can embrace a new paradigm of cooperation and technology…

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Petrobras announces US $236.7 billion business plan for 2013 – 2017

Posted on 20 March 2013 in Global and Regional Markets, News, Onshore Advances, The Offshore Frontier

Petrobras has announced a US $236.7 billion budget under a 2013-2017 Business & Management Plan (2013-17 BP)…

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Latin America: Growth expected across the board

Posted on 18 March 2013 in 2013, Features, Global and Regional Markets, March/April, The Offshore Frontier

Picture Latin America as a quilt. In unison, the pieces come together to form a vibrant and vast region, but separately, every patch tells a story all its own. “Each country has different needs and challenges regarding…

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Logging data linked in real time mitigate drilling complications

Posted on 18 March 2013 in 2013, Global and Regional Markets, March/April, The Offshore Frontier

he Brazilian petroleum industry has entered a new era of success exploiting shallow-water oil reserves in the Campos Basin, utilizing methods enhanced by advanced software…

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Macondo-related rulings complicate contractual indemnity questions

Posted on 07 March 2013 in Global and Regional Markets, IADC/SPE Drilling Conference

The Macondo incident has significantly impacted contracting considerations in the drilling industry and will continue to add complexity to contracts, Cary Moomjian, president of CAM OilServ Advisors, said at the 2013 SPE/IADC Conference & Exhibition in Amsterdam on 7 March. Court rulings in Macondo-related litigation have and will continue to impact operators, drillers, and service and supply companies, particularly in respect to pollution liability in…

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Report: Cost, lack of infrastructure present challenges to Arctic development

Posted on 21 February 2013 in Global and Regional Markets, News

The US, Norway and Russia are leading industry into the resource-rich Arctic, but economics, technical and infrastructure…

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Central Gulf of Mexico lease sale will offer 38.6 million acres for development

Posted on 07 February 2013 in Global and Regional Markets, News, The Offshore Frontier

The Central Gulf of Mexico Lease Sale 227 will offer 38.6 million acres offshore Louisiana, Mississippi and Alabama for oil and gas…

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Seadrill orders two jackups for 2015 delivery

Posted on 01 February 2013 in Global and Regional Markets, News, The Offshore Frontier

Seadrill has entered into an agreement for the construction of two high-specification jackup drilling rigs with Dalian Shipbuilding Industry Offshore Inc in China…

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Survey: Rising operating costs pose biggest industry challenge in Asia Pacific

Posted on 30 January 2013 in 2013, Global and Regional Markets, January/February

Industry professionals are bullish about the near-term outlook for Asia Pacific, but rising operating costs as the region transitions from “easy” production…

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Weatherford anticipates growth in Asia Pacific unconventional, intervention markets

Posted on 30 January 2013 in 2013, Global and Regional Markets, January/February

Oilfield services company Weatherford is anticipating near-term growth in a number of sectors in Asia Pacific, particularly…

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