Archive | Global and Regional Markets

Siemens launches integration project to streamline product services

Posted on 29 November 2012 in Drilling Rigs & Automation, Global and Regional Markets, News

Siemens Drive Technologies has launched an initiative called Integrated Drive Systems to simplify its way of doing business…

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Seadrill to acquire ultra-deepwater Songa Eclipse semi

Posted on 29 November 2012 in Global and Regional Markets, News, The Offshore Frontier

A subsidiary of Seadrill has entered into an agreement with Songa Offshore to acquire the Songa Eclipse ultra-deepwater semisub…

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Vantage-invested JV to build ultra-deepwater drillship at STX

Posted on 29 November 2012 in Global and Regional Markets, News, The Offshore Frontier

Vantage Drilling has entered into a joint venture with an affiliate of Skeie Group to construct a high-specification drillship…

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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 Drilling Rigs & Automation, Global and Regional Markets, News, 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 Drilling Rigs & Automation, Global and Regional Markets, News

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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