Archive | Global and Regional Markets

BP deepwater well strikes gas in East Nile Delta

Posted on 09 September 2013 in Global and Regional Markets, News, The Offshore Frontier

It was the first well in the North Damietta Offshore concession granted in February 2010 and operated by BP…

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Oil discovered in new area of Barents Sea

Posted on 06 September 2013 in Global and Regional Markets, News, The Offshore Frontier

OMV and partners Petoro, Idemitsu, Tullow and Statoil have made the first oil discovery in the Barents Sea’s Hoop-Maud Basin area. Operator OMV is about to…

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Big risks, bigger rewards?

Posted on 03 September 2013 in 2013, Features, Global and Regional Markets, Onshore Advances, September/October, The Offshore Frontier

Drilling is a challenging task anywhere you go today, but drilling in the Arctic is exponentially more demanding and costly. To get a sense of what operations are like in an arctic environment, Parker Drilling’s Bryan Collins, VP – Arctic operations, explained a typical day…

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Houston Community College to build training facility focusing on entry-level rig crews

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

Houston Community College (HCC) is establishing the HCC Global Oil and Gas Drilling Training Center to provide drilling…

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KOGC expects to begin drilling in southern Russia in 2014

Posted on 28 August 2013 in Global and Regional Markets, News, Onshore Advances

In a country that’s roughly 6.602 million sq miles – the largest in the world ­– Russia’s oil and gas industry is eager to tap into the…

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UK, Scottish government ministers to speak at Offshore Europe

Posted on 28 August 2013 in Global and Regional Markets, News, The Offshore Frontier

Several senior representatives of the UK and Scottish governments are scheduled to address the audience at SPE Offshore Europe…

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RIL-BP discover gas condensate in deepwater Cauvery Basin

Posted on 27 August 2013 in Global and Regional Markets, News

Reliance Industries Limited (RIL) and BP made a new gas condensate discovery off the east coast of India in the Cauvery Basin. The discovery, in the deepwater block CY-DWN-2001/2 (CYD5)…

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2D seismic survey offshore Croatia to lead into 2014 licensing round

Posted on 13 August 2013 in Global and Regional Markets, News, The Offshore Frontier

Oslo-based service company Spectrum has signed a contract with Croatia’s Ministry of the Economy for rights to acquire multi-client 2D seismic data offshore Croatia…

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Tight jackup markets drive record backlog for Hercules Offshore

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

Tight supplies in jackup markets around the world have pushed contractor backlogs to near-historical highs, which is providing marketing flexibility and…

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Offshore Europe keynotes to address post-Macondo challenges, sustaining market upswing

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

The industry’s post-Macondo challenges and initiatives and long-term planning for the North Sea drilling market…

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