Archive | Global and Regional Markets

Atwood Oceanics secures contract for the Atwood Advantage drillship

Posted on 27 September 2012 in Global and Regional Markets, News, The Offshore Frontier

Atwood Oceanics has secured a drilling services contract for the Atwood Advantage by a subsidiary of Noble Energy for a program commencing in the Mediterranean…

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Seadrill orders ultra-deepwater drillship for delivery in 2014

Posted on 24 September 2012 in Global and Regional Markets, News, The Offshore Frontier

Seadrill has ordered an ultra-deepwater drillship to be built at the Samsung yard in South Korea. The project value is estimated to be around US $600 million…

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Petrobras signs subsea wellhead contract worth nearly US $1.1 billion

Posted on 18 September 2012 in Global and Regional Markets, News

Petrobras has signed the world’s largest subsea wellhead contract, worth nearly US $1.1 billion, with GE Oil and Gas…

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Sustaining the license to drill: It’s not a game!

Posted on 17 September 2012 in 2012, Drilling It Safely, Features, Global and Regional Markets, September/October

In summer 2011 offshore Greenland, in an attempt to halt Arctic exploration, Greenpeace activists scaled a semisubmersible rig large enough to drill in more than 8,000 ft of water. This, despite a court injunction and the risk of jail time and significant fines for the activists….

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Industry delves deeper into African frontier

Posted on 17 September 2012 in 2012, Drilling It Safely, Features, Global and Regional Markets, September/October, The Offshore Frontier

On the world map, Africa commands a grand presence, with more than 50 countries that straddle a multitude of climates, terrains and cultures. Into the continent’s vast lands and open waters, the drilling industry continues cautiously to navigate and integrate its activity…

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‘Rich-burn’ engines look to power land rigs with reduced emissions

Posted on 17 September 2012 in 2012, Global and Regional Markets, Onshore Advances, September/October

Horizontal drilling and hydraulic fracturing have unlocked record supplies of natural gas in North America, pushing prices to a 10-year low and cutting profits for gas…

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Upgrades extend drilling capabilities of Beryl platform rigs

Posted on 17 September 2012 in 2012, Global and Regional Markets, September/October, The Offshore Frontier

The Beryl field, located about 200 miles northeast of Aberdeen, is located in a water depth of 390 ft. Its discovery in 1972 led to the installation of the Beryl Alpha platform…

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Northward ho!

Posted on 17 September 2012 in 2012, Features, Global and Regional Markets, Onshore Advances, September/October, Videos

Less than a decade ago, Williston, North Dakota, was a mere dot on a map in a state associated with long, cold winters and the movie “Fargo.” Today, the town sits at the epicenter of the biggest oil boom to hit the Lower 48 in recent history. Thanks to significant oil production in the Williston Basin’s…

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Drill pipe riser system qualified for African deepwater project

Posted on 17 September 2012 in 2012, Global and Regional Markets, September/October, The Offshore Frontier

The Cameron/TOTAL Usan project team took one of the first high-pressure drill pipe riser for intervention systems (DPRIS) to the African deepwater market in 2009…

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Multistage stimulation pushes Chinese well over production target

Posted on 17 September 2012 in 2012, Global and Regional Markets, Onshore Advances, September/October

New production goals issued by the Chinese government of more than 6 million tons of oil equivalent per year in one field created a challenge to more quickly…

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