Archive | Global and Regional Markets

Business as usual, but with caution

Posted on 05 November 2014 in 2014, CurrentFeatures, Features, Global and Regional Markets, November/December, Onshore Advances, The Offshore Frontier

Geopolitical concerns, notably worrisome aggression from the Islamic State of Iraq and the Levant (ISIL) across northern Iraq, is signaling a cautionary mood in the Middle East. However, it is business as usual for the oil…

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Africa Briefs: Industry educates employees amid Ebola outbreak; Angola, Nigeria to lead Africa growth

Posted on 05 November 2014 in 2014, Drilling It Safely, Global and Regional Markets, November/December

West Africa has been hit hard by the largest Ebola epidemic in history. Sierra Leone, Guinea and Liberia have seen the highest number of infections…

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Mexico sets sights on foreign investment through energy reform

Posted on 05 November 2014 in 2014, Global and Regional Markets, November/December

Mexico has vast oil and gas reserves but not enough capital resources to drill for it. Consider this: In the US-controlled part of the Gulf of Mexico, more than 300,000 bbl…

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Drilling potential abounds in Mexico, but so does uncertainty

Posted on 05 November 2014 in 2014, Global and Regional Markets, November/December, Onshore Advances, The Offshore Frontier

The tides are turning in Mexico after the government ended PEMEX’s 76-year monopoly over the country’s oil and gas market. On 20 December 2013, Mexico’s energy reform bill became a law…

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Analyst: Drilling sees little impact, for now, from Russian sanctions

Posted on 05 November 2014 in 2014, Global and Regional Markets, November/December

When the US and European Union expanded sanctions on Russia in September, the energy industry took note. Companies such as ExxonMobil have announced their compliance…

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Shell discovers gas in pre-salt reservoir offshore Gabon

Posted on 22 October 2014 in Global and Regional Markets, News, The Offshore Frontier

Shell announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 m net gas pay…

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Ocean Rig awarded extensions for ultra-deepwater drillships in Brazil

Posted on 20 October 2014 in Global and Regional Markets, News, The Offshore Frontier

Ocean Rig has been awarded extensions for its two ultra-deepwater drillships, the Ocean Rig Corcovado and the Ocean Rig Mykonos by Petrobras for drilling offshore Brazil…

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Eni signs two PSCs for offshore exploration in Vietnam

Posted on 15 October 2014 in Global and Regional Markets, News, The Offshore Frontier

Eni has signed two production-sharing contracts (PSCs) with Petrovietnam for the exploration of blocks 116 and 124, located off the coast of Vietnam…

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OneSubsea awarded contract for PEMEX Lakach deepwater development

Posted on 13 October 2014 in Global and Regional Markets, News, The Offshore Frontier

OneSubsea, a Cameron and Schlumberger company, has been awarded a subsea production systems contract totaling more than $270 million for the Lakach deepwater project…

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Shell starts oil production from Gumusut-Kakap deepwater platform in Malaysia

Posted on 08 October 2014 in Global and Regional Markets, News, The Offshore Frontier

Shell has started oil production from the Gumusut-Kakap floating platform off the coast of Malaysia, the latest in a series of Shell deepwater projects…

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