Archive | Global and Regional Markets

North Sea drilling report shows healthy uptick in UK, Netherlands, focus on appraisals in Norway

Posted on 30 October 2012 in Global and Regional Markets, News

Drilling activity in the UK and The Netherlands sectors of the North Sea during the first three quarters of 2012…

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Petrobras makes another discovery of hydrocarbons in Sergipe-Alagoas Basin’s ultra-deepwaters

Posted on 11 October 2012 in Global and Regional Markets, News

Petrobras has confirmed the presence of light hydrocarbons in ultra-deepwaters of the Sergipe-Alagoas Basin…

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Statoil awards contracts for three rigs on Norwegian shelf

Posted on 03 October 2012 in Global and Regional Markets, News, The Offshore Frontier

Statoil and its partners have secured contracts for the Bideford Dolphin, Stena Don and Scarabeo 5 rigs on the Norwegian continental shelf…

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Atwood Oceanics secures contract for the Atwood Advantage drillship

Posted on 27 September 2012 in Global and Regional Markets, News, The Offshore Frontier

Atwood Oceanics has secured a drilling services contract for the Atwood Advantage by a subsidiary of Noble Energy for a program commencing in the Mediterranean…

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Seadrill orders ultra-deepwater drillship for delivery in 2014

Posted on 24 September 2012 in Global and Regional Markets, News, The Offshore Frontier

Seadrill has ordered an ultra-deepwater drillship to be built at the Samsung yard in South Korea. The project value is estimated to be around US $600 million…

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Petrobras signs subsea wellhead contract worth nearly US $1.1 billion

Posted on 18 September 2012 in Global and Regional Markets, News

Petrobras has signed the world’s largest subsea wellhead contract, worth nearly US $1.1 billion, with GE Oil and Gas…

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Sustaining the license to drill: It’s not a game!

Posted on 17 September 2012 in 2012, Drilling It Safely, Features, Global and Regional Markets, September/October

In summer 2011 offshore Greenland, in an attempt to halt Arctic exploration, Greenpeace activists scaled a semisubmersible rig large enough to drill in more than 8,000 ft of water. This, despite a court injunction and the risk of jail time and significant fines for the activists….

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Industry delves deeper into African frontier

Posted on 17 September 2012 in 2012, Drilling It Safely, Features, Global and Regional Markets, September/October, The Offshore Frontier

On the world map, Africa commands a grand presence, with more than 50 countries that straddle a multitude of climates, terrains and cultures. Into the continent’s vast lands and open waters, the drilling industry continues cautiously to navigate and integrate its activity…

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‘Rich-burn’ engines look to power land rigs with reduced emissions

Posted on 17 September 2012 in 2012, Global and Regional Markets, Onshore Advances, September/October

Horizontal drilling and hydraulic fracturing have unlocked record supplies of natural gas in North America, pushing prices to a 10-year low and cutting profits for gas…

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Upgrades extend drilling capabilities of Beryl platform rigs

Posted on 17 September 2012 in 2012, Global and Regional Markets, September/October, The Offshore Frontier

The Beryl field, located about 200 miles northeast of Aberdeen, is located in a water depth of 390 ft. Its discovery in 1972 led to the installation of the Beryl Alpha platform…

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