Navigating the offshore market these days is an uneasy voyage of great expectations balanced by economic reality. As a strong pipeline of deepwater projects and buoyant...

Drilling to deeper depths in the Gulf of Mexico (GOM) has increased the geometric complexity of subsea well designs. Deepwater drillers must contend with challenges such as...

Global exploration will be the primary growth engine for Statoil in the near term, and the US Gulf of Mexico (GOM) will play an important role in that strategy as the company...

Steadily high oil prices – WTI oil continues to hover around $100/bbl – along with expanding opportunities around the world have drilling contractors, operators and analysts...

Automated rig aims to reduce human exposure; California well stimulation regulations put operations at standstill...

The second drilling campaign at the Chayvo field, located offshore Sakhalin Island, targeted a new reservoir zone using extended-reach wells from onshore. A total of four oil producers...

The giant Majnoon oilfield in Iraq was discovered in 1975 by Braspetro (Petrobras). It is located in southern Iraq, 60 km (37 miles) from Basra. Multiple reservoirs contain an estimated...

Oil and gas development wells drilled around the world will need to exceed 106,000 per year by 2020 in order to meet global hydrocarbon demand, Douglas-Westwood stated in its...

Australian coal seam gas (CSG) drilling is moving into a period of rapid development. With three LNG projects nearing completion, the country is in the midst of an onshore...

Steven A. Manz will serve as Senior VP and CFO of Noble Corp’s spinoff company Paragon Offshore, a standard specification offshore drilling company, Noble announced today...