Archive | Global and Regional Markets

NPD: Norway looks to natural gas, increased exploration, EOR techniques to boost production

Posted on 12 July 2010 in Global and Regional Markets, July/August

Norwegian oil production may have been on the downslide since the early 2000s, but the country is confident it can make up for that decline by boosting production of…

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North Sea discoveries: UK’s Tybalt, Catcher, Norway’s Draupne, Beta among hot prizes

Posted on 12 July 2010 in Global and Regional Markets, July/August

These are tough times for the North Sea. Even though oil prices are reasonably buoyant, the situation for natural gas is less positive. Coupled with multiple impacts from the…

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Maersk: Helping operators get the max out of modern rig fleet to be focus in 2010

Posted on 12 July 2010 in Features, Global and Regional Markets, July/August

Providing another take on the Norwegian drilling market is Martin Fruergaard, Maersk Drilling vice president and chief commercial officer. He believes that the drilling market in Norway has seen only a limited…

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Seadrill: With Statoil active again, Norwegian market looking up for 2010

Posted on 12 July 2010 in Features, Global and Regional Markets, July/August

In the Norwegian segment of the European drilling market, Statoil is a true giant. If it stamps one foot, the whole region will shake and tumble. In late 2008, when recession hit the global economy…

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Interview with Tony Marszalek, president of Schlumberger Italiana, at IADC World Drilling 2010 in Budapest

Posted on 18 June 2010 in Global and Regional Markets, Innovating While Drilling, Videos

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Asia Pacific jackup, tender markets on the mend: Activities picking up, but no boom yet

Posted on 30 April 2010 in 2010, Features, Global and Regional Markets, May/June

Like most of the rest of the world, the Asia Pacific drilling market has had it rough since the global recession began. Discretionary expenditures at many oil companies were hammered, leading to the cancellation or delay of many…

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Indonesian 2-well UBD campaign cuts reservoir damage and more in marginal heavy-oil field

Posted on 30 April 2010 in 2010, Global and Regional Markets, May/June

The oil from the Ngimbang Carbonate reservoir in Sepanjang Island, East Java, Indonesia, is composed mostly of heavy black oil with a pour point of…

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CNPC reorganizes into eight integrated service companies, seeking international market

Posted on 30 April 2010 in 2010, Global and Regional Markets, May/June

Surviving in a fluctuating market remains China National Petroleum Company’s (CNPC) main reason for reorganizing in 2008. Emerging with eight new drilling and service…

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Mexican, South American fortunes sway with the global tide

Posted on 24 March 2010 in 2010, Features, Global and Regional Markets, March/April

Like many oil and gas regions of the world, and the many companies that operate in them, Mexico and many South American countries are not immune to the effects of the global economic downturn…

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Managing exploration risks with trained intuition

Posted on 04 February 2010 in 2010, Global and Regional Markets, IADC: Global Leadership, Global Challenges, January/February

Critical D&C issues with Susan Cunningham, Noble Energy. Risk management is what we do all the time, just by definition with exploration. My view of risk management is that it’s a disciplined process, and you can’t go by gut feeling. Gut feel is the road to…

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