Archive | Global and Regional Markets

Our technologies have moved on; our people must move with them

Posted on 28 January 2015 in 2015, Global and Regional Markets, Innovating While Drilling, January/February

In terms of drilling and completion technology, I think the industry is moving quite well. However, development of people’s capabilities is not keeping pace…

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In Brazil’s deepwater, ‘there is no turning back’ on MPD

Posted on 28 January 2015 in 2015, Global and Regional Markets, Innovating While Drilling, January/February, The Offshore Frontier

The biggest challenge is to enhance productivity in the complex environment of offshore well construction. This can be achieved by improving well designs to better manage…

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Still sunny, but clouds are brewing

Posted on 28 January 2015 in 2015, Features, Global and Regional Markets, January/February, The Offshore Frontier

The Asia Pacific is as vast as it is diverse. With huge gas projects in Australia, a focus on maximizing domestic resources in Indonesia and Malaysia, and new bidding rounds announced in Myanmar, Thailand and the Philippines, the region’s long-term outlook is strong…

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US EIA: Lower 48 oil production outlook stable despite expected rig count reduction

Posted on 27 January 2015 in Global and Regional Markets, News

The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, according…

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Tullow Oil moves ahead with exploration, appraisal drilling onshore Kenya

Posted on 22 January 2015 in Completing the Well, Global and Regional Markets, News

Tullow Oil has announced updates on several onshore projects in Kenya, including the Expir-1 exploration, Engomo-1 exploration, the Ngamia and Amosing…

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Hannon Westwood report: Activity fell in UK, flourished in Norway in 2014

Posted on 20 January 2015 in Global and Regional Markets, News, The Offshore Frontier

In 2014, activity levels in the UK and Norwegian sectors continued to diverge, with Norway seeing consistently high activity levels that were not replicated in the UK…

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Eni awarded three-year extension in Angola, starts production from Lucius in GOM

Posted on 19 January 2015 in Global and Regional Markets, News

Eni has obtained a three-year extension to the exploration period of Block 15/06, located offshore Angola approximately 350 km northwest of Luanda and 130 km east…

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ExxonMobil begins production from Arkutun-Dagi in Sakhalin

Posted on 19 January 2015 in Global and Regional Markets, News, The Offshore Frontier

ExxonMobil announced that production has begun at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed. Peak daily production from the field is expected…

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Petrobras discovers oil accumulation in the Sergipe Basin Farfan area

Posted on 09 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Petrobras found light oil and gas in the Farfan area after drilling a well in the Sergipe Basin ultra-deep waters. The results confirm predictions made in the region…

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Eni extends contract with Ocean Rig Poseidon

Posted on 08 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Ocean Rig announced an agreement with ENI Angola, to extend the contract for the Ocean Rig Poseidon drillship for one year, until Q2 2017. As part of the contract…

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