Archive | Global and Regional Markets

Macondo-related rulings complicate contractual indemnity questions

Posted on 07 March 2013 in Global and Regional Markets, IADC/SPE Drilling Conference

The Macondo incident has significantly impacted contracting considerations in the drilling industry and will continue to add complexity to contracts, Cary Moomjian, president of CAM OilServ Advisors, said at the 2013 SPE/IADC Conference & Exhibition in Amsterdam on 7 March. Court rulings in Macondo-related litigation have and will continue to impact operators, drillers, and service and supply companies, particularly in respect to pollution liability in…

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Report: Cost, lack of infrastructure present challenges to Arctic development

Posted on 21 February 2013 in Global and Regional Markets, News

The US, Norway and Russia are leading industry into the resource-rich Arctic, but economics, technical and infrastructure…

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Central Gulf of Mexico lease sale will offer 38.6 million acres for development

Posted on 07 February 2013 in Global and Regional Markets, News, The Offshore Frontier

The Central Gulf of Mexico Lease Sale 227 will offer 38.6 million acres offshore Louisiana, Mississippi and Alabama for oil and gas…

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Seadrill orders two jackups for 2015 delivery

Posted on 01 February 2013 in Global and Regional Markets, News, The Offshore Frontier

Seadrill has entered into an agreement for the construction of two high-specification jackup drilling rigs with Dalian Shipbuilding Industry Offshore Inc in China…

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Survey: Rising operating costs pose biggest industry challenge in Asia Pacific

Posted on 30 January 2013 in 2013, Global and Regional Markets, January/February

Industry professionals are bullish about the near-term outlook for Asia Pacific, but rising operating costs as the region transitions from “easy” production…

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Weatherford anticipates growth in Asia Pacific unconventional, intervention markets

Posted on 30 January 2013 in 2013, Global and Regional Markets, January/February

Oilfield services company Weatherford is anticipating near-term growth in a number of sectors in Asia Pacific, particularly…

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Deeper waters, LNG prospects gain momentum

Posted on 30 January 2013 in 2013, Features, Global and Regional Markets, January/February

Asia Pacific is stepping out of its comfort zone. Long a region with plenty of shallow, easy-to-tap conventional resources, the market has begun a transition, shifting focus to more complex and risky ventures such as deepwater, high-pressure, high-temperature (HPHT) reservoirs and…

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Survey: Industry professionals rank US as top investment destination in 2013

Posted on 30 January 2013 in Global and Regional Markets, News

Continued growth of unconventional oil and gas production makes the US the most favorable investment market for…

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Texas Petro Index: State’s crude oil production up 18% in 2012

Posted on 30 January 2013 in Global and Regional Markets, News

A glimpse of Texas’ rig count and what those rigs are drilling for is showing a significant increase in oil production. “The tables have turned, and Texas has returned…

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Keppel delivers first of 20 rigs slated for 2013

Posted on 28 January 2013 in Global and Regional Markets, News, The Offshore Frontier

Vision Drilling, a subsidiary of Cyprus-based Dynamic Offshore Drilling, will receive KFELS B Class jackup, Dynamic Vision, two months ahead of time…

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