Archive | Global and Regional Markets

US EIA: Lower 48 oil production outlook stable despite expected rig count reduction

Posted on 27 January 2015 in Global and Regional Markets, News

The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, according…

PrintFriendlyShare This

Comments (0)

Tullow Oil moves ahead with exploration, appraisal drilling onshore Kenya

Posted on 22 January 2015 in Completing the Well, Global and Regional Markets, News

Tullow Oil has announced updates on several onshore projects in Kenya, including the Expir-1 exploration, Engomo-1 exploration, the Ngamia and Amosing…

Comments (0)

Hannon Westwood report: Activity fell in UK, flourished in Norway in 2014

Posted on 20 January 2015 in Global and Regional Markets, News, The Offshore Frontier

In 2014, activity levels in the UK and Norwegian sectors continued to diverge, with Norway seeing consistently high activity levels that were not replicated in the UK…

Comments (0)

Eni awarded three-year extension in Angola, starts production from Lucius in GOM

Posted on 19 January 2015 in Global and Regional Markets, News

Eni has obtained a three-year extension to the exploration period of Block 15/06, located offshore Angola approximately 350 km northwest of Luanda and 130 km east…

Comments (0)

ExxonMobil begins production from Arkutun-Dagi in Sakhalin

Posted on 19 January 2015 in Global and Regional Markets, News, The Offshore Frontier

ExxonMobil announced that production has begun at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed. Peak daily production from the field is expected…

Comments (0)

Petrobras discovers oil accumulation in the Sergipe Basin Farfan area

Posted on 09 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Petrobras found light oil and gas in the Farfan area after drilling a well in the Sergipe Basin ultra-deep waters. The results confirm predictions made in the region…

Comments (0)

Eni extends contract with Ocean Rig Poseidon

Posted on 08 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Ocean Rig announced an agreement with ENI Angola, to extend the contract for the Ocean Rig Poseidon drillship for one year, until Q2 2017. As part of the contract…

Comments (0)

Maersk Training signs training agreement with Transocean

Posted on 08 January 2015 in Drilling It Safely, Global and Regional Markets, News

Maersk Training will be responsible for administration of all and delivery of certain training for Transocean’s offshore crew for at least five years…

Comments (0)

ADCO: Safer rigs paramount to drilling growth in Middle East

Posted on 07 January 2015 in Drilling It Safely, Global and Regional Markets, IADC: Global Leadership, Global Challenges, News

Although drilling contractors in the Middle East have made significant strides in safety, future rig expansion will depend on the ability of industry leaders to cultivate even safer work environments…

Comments (0)

Malaysian minister urges industry to look to long term amid falling oil prices

Posted on 06 January 2015 in Global and Regional Markets, News

As the Malaysian government works toward an economy with sustainable growth, diversification of national revenues continues to play a critical role..

Comments (0)

FEATURED MICROSITES