Archive | Global and Regional Markets

Diamond Offshore shifting fleet to meet deepwater, ultra-deepwater demands

Posted on 15 November 2012 in Global and Regional Markets, News, The Efficient Rig, The Offshore Frontier

Supported by dayrates hovering around $600,000 and increasing rig demand from frontier areas…

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Seadrill receives Letter of Award for new ultra-deepwater semisubmersible

Posted on 13 November 2012 in Global and Regional Markets, News, The Efficient Rig

Seadrill has received a Letter of Award from Husky Oil Operations Limited for a five-year contract…

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Optimism strong despite market uncertainties

Posted on 02 November 2012 in 2012, Features, Global and Regional Markets, November/December

Trumpets or fireworks may be absent in celebrating substantial industry growth as 2012 concludes, but that’s no matter. Over the past 12 months, industry solidified its footing after facing significant regulatory and economical challenges over the previous couple of years…

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Positive rig demand steers 2013 outlook

Posted on 02 November 2012 in 2012, Features, Global and Regional Markets, November/December

Analysts are voicing optimism about a recovery in 2013 – looking to upticks in both rig demand and natural gas pricing. Although the US land rig count has steadily dropped throughout the year since Q1 and US natural gas prices have remained disappointingly weak…

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Global LNG market boosts hope for better natural gas future

Posted on 02 November 2012 in 2012, Global and Regional Markets, November/December

Prospects of an emerging and growing liquefied natural gas (LNG) export market coupled with increased domestic gas demand. Reviews of the 2012 drilling year…

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Report: Global shale developments to drive higher HP land fleet

Posted on 02 November 2012 in 2012, Global and Regional Markets, November/December

Worldwide deviated/horizontal drilling to boost number of higher horsepower rigs by 28% by 2016, analysis shows. North America continues to lead the way…

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Middle East on the up and up

Posted on 02 November 2012 in 2012, Features, Global and Regional Markets, November/December

A healthy, growing offshore market and renewed drilling and production in brownfields with significant reserves project a positive 2013 for the Middle East. This despite reduced production in Iran due to international sanctions and the slow-to-moderate pace of Iraq …

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Africa: Diverse continent requires specific local knowledge

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

Most of Africa is not inherently more dangerous than many other regions of the world, but working in this vast and regionally diverse…

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Shales may push onshore rig boom in South Africa by 2016

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

Shale exploration and development will drive demand for high-horsepower onshore drilling rigs in South Africa from zero this year to nearly 60 by 2016…

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Successful flow testing program paves way for East Africa field development

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

A successful DST program on the Prosperidade field offshore Mozambique has allowed Anadarko Petroleum to reduce…

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