Archive | Global and Regional Markets

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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Deepwater market expands outside US with East Africa, Eastern Mediterranean hotspots

Posted on 23 January 2013 in Global and Regional Markets, News, The Offshore Frontier

Deepwater activity in the US Gulf of Mexico (GOM) is being overshadowed by the expansion of the floater market elsewhere…

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Eni drills first oil delineation well of Sankofa East oil discovery offshore Ghana

Posted on 17 January 2013 in Global and Regional Markets, News, The Offshore Frontier

Eni has successfully drilled Sankofa East 2A, the first appraisal well of the Sankofa East oil discovery…

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Chevron, CNOOC sign two production sharing contracts in China

Posted on 16 January 2013 in Global and Regional Markets, News, The Offshore Frontier

A China subsidiary of Chevron has signed two production sharing contracts with China National Offshore Oil Corporation…

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Statoil awarded interests in 14 production licenses on NCS

Posted on 15 January 2013 in Global and Regional Markets, News, The Offshore Frontier

Statoil has been awarded interests in 14 production licenses on the Norwegian continental shelf (NCS), of which it operates seven…

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Frigstad Deepwater orders two ultra-deepwater semisubmersibles

Posted on 11 January 2013 in Global and Regional Markets, News, The Offshore Frontier

Subsidiaries of Frigstad Deepwater have entered into turnkey construction contracts for the delivery of two ultra-deepwater…

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Newly formed Shelf Drilling stakes claim in shallow-water markets

Posted on 09 January 2013 in Global and Regional Markets, News

Although a good portion of the E&P industry has set its sights on deepwater as the next frontier, David Mullen, Shelf Drilling CEO…

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US launches expedited assessment of 2012 Arctic operations

Posted on 09 January 2013 in Drilling It Safely, Global and Regional Markets, News, The Offshore Frontier

The US Department of Interior has launched an expedited, high-level assessment of the 2012 offshore drilling program…

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Lundin Petroleum: 2013’s $1.7 billion budget to focus on Norwegian projects

Posted on 09 January 2013 in Global and Regional Markets, News

Swedish oil and gas company Lundin Petroleum this week announced a US $1.7 billion budget for its 2013…

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