Archive | Global and Regional Markets

Tullow’s Twiga South-1 well finds oil onshore Kenya

Posted on 27 November 2012 in Global and Regional Markets, News

Tullow Oil has encountered 30 meters of net oil pay in the Twiga South-1 exploration well in Block 13T onshore Kenya…

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Rig count doubles in Utica Shale from year ago

Posted on 20 November 2012 in 2012, Global and Regional Markets, News

The number of active oil and natural gas rigs in the Appalachian Basin’s Utica Shale for the last week of October 2012 has doubled…

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Analysis: Obama likely will look to ride on energy industry’s economic success

Posted on 15 November 2012 in Global and Regional Markets, News

Although the reelection of President Obama last week means a Democrat will occupy the White House for at least four…

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BSEE director explains INC policy, outlines strategic plan

Posted on 15 November 2012 in Global and Regional Markets, News

Providing the regulator perspective in a keynote address at the 2012 IADC Annual General Meeting in Scottsdale, Ariz., last week, Rear Admiral James Watson…

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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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