Archive | Global and Regional Markets
ExxonMobil/XTO deal augurs strong promise for natural gas
Posted on 14 December 2009 in Global and Regional Markets, News, Onshore Advances
ExxonMobil Corp and XTO Energy Inc announced on 14 December, 2009, an all-stock transaction valued at $41 billion. The acquisition agreement, which…
Chukchi Sea drilling plan gets conditional OK
Posted on 08 December 2009 in Global and Regional Markets, IADC: Global Leadership, Global Challenges, News
The US Minerals Management Service (MMS) has conditionally approved Shell Gulf of Mexico’s plan to drill three exploratory, information-gathering wells…
ConocoPhillips 2010 capital budget down from ’09 spending
Posted on 08 December 2009 in Global and Regional Markets, News
ConocoPhillips has approved a 2010 capital program of $11.2 billion, including about $9.7 billion for E&P. This represents a 10% decrease from estimated…
Innovative logging technique boosts productivity for Chevron Thailand
Posted on 24 November 2009 in Global and Regional Markets, Innovating While Drilling, News, The Offshore Frontier
Under rig floor logging (URFL) is a technique pioneered by Chevron Thailand that has improved drilling efficiency…
Ensuring competency: Are we teaching solutions or just answers?
Posted on 24 November 2009 in Drilling It Safely, Global and Regional Markets, News
“This guy has to pass or he can’t go back to the rig” is a blunt remark occasionally made to Glenn Potter, well control instructor with Equilibria Services, when…
WellCAP plays key role in fast-paced Thailand drilling operations
Posted on 24 November 2009 in Drilling It Safely, Global and Regional Markets, News, The Offshore Frontier
WellCAP’s built-in flexibility plays a key role in the safe execution of one of the fastest-paced drilling operations…
Transocean’s Discoverer Americas commences GOM operations
Posted on 24 November 2009 in Global and Regional Markets, News, The Offshore Frontier
Transocean announced this week that its newbuild ultra-deepwater drillship Discoverer Americas has commenced operations in the US Gulf of Mexico…
Tupi area well tests show record productivity
Posted on 24 November 2009 in Global and Regional Markets, News
Petrobras and its partners have completed two drill stem tests (DSTs) on the Iracema well (4-RJS-647 or 4-BRSA-711-RJS) in the BM-S-11 appraisal area in the…
BP confirms western extension of Kaskida field
Posted on 24 November 2009 in Global and Regional Markets, News, The Offshore Frontier
BP announced that an appraisal well to test a western extension of the Kaskida field has confirmed oil in Lower Tertiary reservoirs five miles west of the Kaskida…
Devon to divest all GOM, international assets, focus on onshore North America
Posted on 24 November 2009 in Global and Regional Markets, News
Devon Energy Corp recently unveiled its plan to strategically reposition itself as a high-growth North American…
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