Archive | Global and Regional Markets

Study: Development offshore US Atlantic could add $195 billion in investment

Posted on 11 December 2013 in Global and Regional Markets, News, The Offshore Frontier

Approximately 85% of acreage in federal offshore waters is inaccessible to offshore oil and natural gas…

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Oil, gas discovery proves additional resources in the Johan Castberg area

Posted on 11 December 2013 in Global and Regional Markets, News, The Offshore Frontier

Statoil, with partners Eni Norge and Petoro, made an oil and gas discovery in the Skavl prospect in PL532…

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BG Group raises Tanzania resources to 15 Tcf

Posted on 11 December 2013 in Global and Regional Markets, News, The Offshore Frontier

BG Group has increased total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion…

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Chevron Thailand promotes focus on planning for safe, efficient and consistent performance

Posted on 27 November 2013 in Drilling It Safely, Global and Regional Markets, News

In its mission to ensure consistently safe, efficient and reliable well construction, Chevron Thailand has…

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Hoffman: Industry should view people shortage as opportunity, not challenge

Posted on 27 November 2013 in Global and Regional Markets, News, The Offshore Frontier

The people shortage is looming large in the drilling industry, and it’s an issue that can’t wait any longer, Kurt Hoffman…

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Gallegos: Record-setting AC-drive rigs reduce cycle times, drilling costs

Posted on 27 November 2013 in Drilling It Safely, Drilling Rigs & Automation, Global and Regional Markets, News, Onshore Advances

Since 2008, many supermajors, large independents and even NOCs have increased their focus on land…

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Customizable well stimulation vessel targets Gulf of Mexico shelf

Posted on 27 November 2013 in Completing the Well, Global and Regional Markets, News, The Offshore Frontier

Additional capacity on a new stimulation vessel dedicated to the Gulf of Mexico (GOM) will allow multiple treatments for well stimulation, fracturing and…

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Study: EU domestic shale gas production could add a million jobs

Posted on 25 November 2013 in Global and Regional Markets, News

New industry research has quantified for the first time how much Europe’s economy could benefit from domestic shale gas production. The development of shale gas in…

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Tullow Oil discovers oil onshore Northern Kenya

Posted on 25 November 2013 in Global and Regional Markets, News

Tullow Oil’s Agete-1 exploration well in Block 13T onshore Northern Kenya has discovered and sampled moveable oil with an estimated 100 m of net oil pay in good …

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Gas production begins from UK Jasmine field

Posted on 21 November 2013 in Global and Regional Markets, News, The Offshore Frontier

The Jasmine field in the UK North Sea has started gas production. Jasmine was discovered in 2006 by ConocoPhillips as operator (36.5%), together with its co-venturers Eni…

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