Archive | Global and Regional Markets

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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Personnel, community drive Chevron’s European shale operations

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

Chevron faces a multitude of critical issues as it pushes forward with shale exploration in Eastern Europe…

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Subsea drilling, well control among key themes at new Lloyd’s Register research center

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

Lloyd’s Register Energy Drilling (LRED) opened its Global Technology Center (GTC) research lab and Academy Training Center in Singapore on 17 October. …

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Total begins oil production from Ekofisk South two months ahead of schedule

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

Total has started production two months earlier than planned at Norway’s Ekofisk South platform, which is part of the Ekofisk field …

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