Archive | Global and Regional Markets

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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Well intervention tools: Pushing back time for aging wells

Posted on 17 September 2012 in 2012, Completing the Well, Global and Regional Markets, September/October

Technology advances address water influx, wellbore buildup, seek innovative methods to cut pipe, set cement plugs. As fields mature around the world, innovations in well intervention services have become increasingly important…

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Waste handling under study for Chinese unconventional wells

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

Waste management plays an important role in delivering an environmentally sound well. If a project requires the operator to drill hundreds of deep development wells…

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UBS analyst: North America to be energy independent by 2020

Posted on 13 September 2012 in Global and Regional Markets, News

North America is on the path to energy independence, and the US will reduce its reliance on OPEC oil to zero by the end of this decade, asserts Nicole Decker…

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