Home / Microsites / Global and Regional Markets (page 3)

Global and Regional Markets

Helge Haldorsen: Change the business or we won’t be viable

Statoil Mexico General Director Helge Hove Haldorsen urged the industry to consider new technologies and new ways of working in order to operate efficiently at $40-$50 oil prices at the 2016 SPE/ICoTA Coiled Tubing & Well Intervention Conference in Houston on 22 March.

As the E&P industry navigates through the challenges of prolonged low oil prices, Statoil Mexico General Director Helge Hove Haldorsen is urging companies to look for efficiency gains through innovation rather than mere cost reductions. “We cannot cost-cut our way to greatness,” he said at the 2016 SPE/ICoTA Coiled Tubing & Well Intervention Conference in Houston on 22 March.

Read More »

PPSA director urges fast action to make pre-salt competitive on world stage

PPSA

As the PPSA looks to the future of pre-salt projects in Brazil, the group realizes that the long-term challenge is not simply to make pre-salt economically feasible. The challenge is to make it competitive against other sources of energy – from shales in North America to deepwater in West Africa and even to renewables. “There was a ten-fold reduction in the cost of solar power in the last 10 years, and more reductions will still come. New technologies are coming, so we are competing against all of those things,” Edson Nakagawa, PPSA Operation Director, said at the 2016 IADC International Deepwater Drilling Conference in Rio de Janeiro on 15 March.

Read More »

Lorenzatto: Down market gives Petrobras opportunity to rethink its business

MG_1490tn

Cost reductions and investment pullbacks have become par for the course in the current low-price environment. For Petrobras, this has meant having to adjust its portfolio in order to “do more with less,” Rudimar Lorenzatto, E&P Executive Manager, said at the 2016 IADC International Deepwater Drilling Conference on 15 March in Rio de Janeiro.

Read More »

Panel: Industry should use downturn as an opportunity to innovate, focus on systems engineering

During the plenary session held on 2 March at the IADC/SPE Drilling Conference in Fort Worth, panelists discussed the opportunities the industry has to become more innovative and creative. From left are David Haas, Deloitte and Touche; Jon Crane, Shell; Bill Kline, retired from ExxonMobil; and Dr Jose Gutierrez, Transocean.

The oil and gas industry is in the midst of a great opportunity – an opportunity to come out of this downturn a better and more innovative industry. Innovation tends to occur when activity is low or flat because the industry has a chance to slow down and catch its breath, said Bill Kline, who recently retired from ExxonMobil after 35 years in the industry. During a plenary session titled “Out with the Old, In with the New,” held on 2 March a the 2016 IADC/SPE Drilling Conference in Fort Worth, Mr Kline referenced several innovations that emerged in the industry during the period of relatively low oil prices between the late 1980s and 2000.

Read More »

Under Operation Phakisa, South Africa hopes to drill 30 exploration wells in next decade

saogaTN

After holding the IADC Drilling Africa Conference in cities such as Paris and Lisbon in previous years, this year IADC took the event to the African continent – in Cape Town, South Africa. Oil and gas drilling is only just starting to take off in this country, but it already stands at the threshold of extensive E&P activities in the next few years, Mthozami Xiphu, Chairman of the South African Oil and Gas Alliance (SAOGA), said in a keynote address at 2016 IADC Drilling Africa on 15 February.

Read More »