Archive | Global and Regional Markets

Statoil discovers oil in Grane field in the North Sea

Posted on 05 June 2013 in Global and Regional Markets, News, The Offshore Frontier

Statoil and its partners are in the process of concluding drilling operations in exploration well 25/11-27 in the Grane Unit…

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BP to add $1 billion investment, two rigs to Alaska North Slope

Posted on 05 June 2013 in Global and Regional Markets, News

BP is planning to add US $1 billion in new investment and two drilling rigs to its Alaska North Slope fields over the next five years…

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Noble Energy confirms Karish discovery in Levant Basin offshore Israel

Posted on 31 May 2013 in Global and Regional Markets, News, The Offshore Frontier

Noble Energy has discovered natural gas at the Karish prospect offshore Israel. The discovery well was drilled to a total depth…

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Real-time data, reservoir model combination addresses GOM challenges

Posted on 28 May 2013 in 2013, Global and Regional Markets, May/June, The Offshore Frontier

Growing activity in the Gulf of Mexico (GOM) reflects the industry’s capability to meet increasing operational challenges in deepwater, where activity has returned to pre-moratorium…

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Craighead: E&P in ultra-deepwater is like ‘going to mars’

Posted on 28 May 2013 in 2013, Global and Regional Markets, May/June, The Offshore Frontier

In the not so distant past, with deepwater exploration still in its infancy, the fear of shrinking oil and gas supplies frequently ran high. Today, however, industry has embraced the challenges…

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Case study: Planning enables remote-area drilling campaign

Posted on 28 May 2013 in 2013, Global and Regional Markets, Innovating While Drilling, May/June, The Offshore Frontier

Operators share rig, services for exploratory, appraisal program offshore Falkland Islands By J.W. Jenner, A. Morrison, Rockhopper Exploration; R. Lyons, Desire Petroleum; L. Phillips, AGR Petroleum Services; I. McBean, Diamond Offshore Drilling (UK) Offshore the Falkland Islands, approximately 650 km southeast of the South American continent, two small UK operators with limited in-house operational resources conducted […]

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Ship shape

Posted on 28 May 2013 in 2013, Features, Global and Regional Markets, May/June, The Offshore Frontier

The world’s offshore rig fleet is getting a makeover. The recovering global economy, healthy commodity prices, a burgeoning ultra-deepwater market and plans to venture into more harsh-environment fields have converged in a perfect storm of newbuild activity…

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Can’t keep the offshore industry down

Posted on 28 May 2013 in 2013, Features, Global and Regional Markets, May/June, The Offshore Frontier

The global offshore industry is undeniably enjoying another renaissance. Both the deepwater and jackup segments are benefitting from high utilization and climbing dayrates in almost every market around the world, and few doubt this positive outlook will continue…

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From recovery into growth

Posted on 28 May 2013 in 2013, Features, Global and Regional Markets, May/June, The Offshore Frontier

The state of affairs in the Gulf of Mexico (GOM) has shifted from recovery mode to a new growth phase, with deepwater activity surpassing pre-Macondo levels. It’s estimated that the moratorium set the GOM back one to two years, but industry has finally achieved a period of bustling activity…

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Remote directional drilling enhances shale well quality, efficiency

Posted on 28 May 2013 in 2013, Global and Regional Markets, Innovating While Drilling, May/June, Onshore Advances

After a successful pilot application in the Haynesville Shale, Shell Upstream Americas is taking steps to conduct all of its directional drilling (DD), geosteering (GS) and measurement/logging while drilling (MWD/LWD) operations in the Americas and beyond from remote drilling centers…

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