Archive | Global and Regional Markets

IADC enhances accreditation, operations initiatives to support Middle East HSE, training, drilling

Posted on 02 November 2009 in 2009, Global and Regional Markets, September/October

For more than a decade, IADC has maintained a strong presence in the Middle East. Not satisfied with past successes, however, the association and its members…

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TOTAL aims for ‘routine’ deepwater drilling in West Africa

Posted on 30 October 2009 in 2008, Global and Regional Markets, September/October, The Offshore Frontier

By Jeremy Cresswell, contributing editor The name TOTAL is synonymous with West Africa, and for sure the region ranks as the French group’s number one theater of activity. Moreover, the company has an excellent exploration track record and reputation as a technology frontier buster when it comes to developing discoveries. While many of the headlines […]

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Africa’s Atlantic Frontier: an E&P review

Posted on 30 October 2009 in 2008, Global and Regional Markets, September/October

By Jeremy Cresswell, contributing editor Africa is always in the headlines. The stories are rarely positive, and that’s a terrible shame given the extraordinary richness and diversity of this vast continent. But this review is a positive story, and our first stopping point is Mauritania. From Mauritania in the north through “Golden Crescent” states like […]

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Geothermal drilling market heats up

Posted on 30 October 2009 in 2008, Global and Regional Markets, Innovating While Drilling, Onshore Advances, September/October

by Linda Hsieh, Assistant Managing Editor As oil prices reach unheard-of highs in the $140/bbl range, energy sources that have historically been considered too expensive to produce economically are getting new leases on life. Many such energy sources, like wind and solar, tend to reside far outside the realm of the oil and gas drilling […]

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Geothermal holds potential for new energy – and for new drilling

Posted on 30 October 2009 in 2008, Global and Regional Markets, Innovating While Drilling, July/August, Onshore Advances

By Linda Hsieh, assistant managing editor Like many renewable energy sources, geothermal carries substantial potential for powering the world in an environmentally friendly way. However, also like many renewable energy sources, geothermal remains unable to evolve into a fully viable alternative to oil or natural gas. The late 1970s and early ’80s saw rapid growth […]

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New NELP licensing round to push India’s deepwater ambiitions, need for deepwater rigs

Posted on 30 October 2009 in 2008, Global and Regional Markets, July/August

After three extensions, the bid deadline for the seventh round of India’s New Exploration Licensing Policy (NELP) is now set for 30 June 2008. A total of 57 blocks have been offered for bidding, including 29 onshore blocks, nine shallow-water blocks and 19 deepwater blocks. Announced in December 2007, NELP VII has been heavily promoted […]

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PV Drilling building new rigs as it eyes Vietnams expanding E&P market, exploration successes

Posted on 30 October 2009 in 2008, Global and Regional Markets, July/August, The Efficient Rig, The Offshore Frontier

By Linda Hsieh, assistant managing editor Vietnam-based PV Drilling is gearing up to be a serious offshore player – just in time, since Vietnam is gearing up for some serious offshore drilling. Just six years ago, PV Drilling – or Petrovietnam Drilling and Well Services Corp – was a company providing small-scale services such as […]

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Seadrill confident in growth, believes modern fleet will pay off, says CEO Thorkildsen

Posted on 30 October 2009 in 2008, Global and Regional Markets, July/August, The Offshore Frontier

By Jeremy Cresswell, contributing editor In Q2 2008, Seadrill landed one of the most spectacular contracts ever awarded in offshore drilling. The client is Petrobras, the revenue potential is $4.1 billion across 18 rig years, and the rigs to be used comprise a trio of sixth-generation semisubmersibles currently in build. Moreover, strategically, Brazil is set […]

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Exploration on the Atlantic Frontier has been hit-and-miss, but hope lingers for breakthrough

Posted on 30 October 2009 in 2008, Global and Regional Markets, July/August, The Offshore Frontier

By Jeremy Cresswell, contributing editor As IADC members know all too well, patience is a prerequisite for success in the petroleum industry; it’s a basic fact. But some energy provinces take a lot more figuring out than others before the door to the prize is unlocked. A prime example is surely the Europe Union portion […]

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It’s high times, high demand in the North Sea

Posted on 30 October 2009 in 2008, Global and Regional Markets, July/August, The Offshore Frontier

It’s a fact that the North Sea is a mature oil province where exploration finds are often smaller compared with those offshore Africa or in the Middle East. But when oil is selling for $130 per bbl and bringing natural gas prices along with it to historic highs, being “mature” doesn’t seem to matter much […]

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