Archive | Global and Regional Markets

Kuwait, Oman boost Middle East drilling activity with deep drilling, steam flood projects

Posted on 07 October 2009 in 2009, Features, Global and Regional Markets, September/October

While the Middle East region hasn’t been affected by the global financial crisis as much as other areas, it still is not immune to downturns in the oil and gas…

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Market is way down, but North Sea companies are already warming up for the rebound

Posted on 03 July 2009 in 2009, Features, Global and Regional Markets, July/August

A year ago, with oil prices headed towards $150 a barrel, upstream petroleum appeared to be bucking the slide toward global recession that basically started…

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Oil’s ‘wild ride’ over for now; natural gas heads into soft

Posted on 18 November 2008 in 2008, Features, Global and Regional Markets, November/December

The days of $147 oil may not be gone forever, but don’t go looking for it to come around again anytime soon. Certainly not in 2009 anyway, analysts say…

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Tight credit market could have ripple effect, but most offshore E&P regions look strong for 2009

Posted on 18 November 2008 in 2008, Global and Regional Markets, November/December

Most of the world’s offshore E&P regions are expected to remain strong or see increases in rig demand, particularly for deepwater and ultra-deepwater activity…

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Black Sea, Caspian, Mediterranean bustling with exploration but still has much to prove

Posted on 18 November 2008 in 2008, Global and Regional Markets, November/December

Among the tantalizing offshore provinces are surely the Mediterranean, Black Sea and Caspian. What is the real petroleum potential? Has it been talked up too much or will patience and persistence eventually pay off for this sprawling region linking Europe with Africa, the Near East and Asia?

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Oil/gas industry needs more organized anti-corruption effort, expert says

Posted on 18 November 2008 in 2008, Global and Regional Markets, November/December

Rig markets are no longer local. As the global economy and operators’ drilling programs dictate, more and more drilling contractors are finding themselves going into unfamiliar countries with unfamiliar cultures and business practices…

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Ensign: Bureaucratic obstacles complicate moving of highly automated rigs into Australia

Posted on 18 November 2008 in 2008, Global and Regional Markets, November/December

In 2007, in order to meet client demands for high-specification, fast-moving rigs with improved safety and minimal environmental impact, Ensign Energy Services decided to deploy two Automated Drilling Rigs (ADR) from Canada to Australia…

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