Archive | Global and Regional Markets

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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To be competitive, rigs must go the extra mile

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

Critical D&C issues with Siegfried Meissner, president of Nabors International. DC: What are the critical issues the contract drilling industry is facing, and how is Nabors meeting those challenges? The hot spots that I see coming back in…

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Control systems integration an ongoing challenge

Posted on 04 February 2010 in 2010, Drilling Rigs & Automation, Global and Regional Markets, IADC: Global Leadership, Global Challenges, January/February, The Offshore Frontier

Critical D&C issues with Tim Juran, Seadrill Americas. Seadrill has delivered eight modern, highly sophisticated deepwater newbuilds in the last 15-18 months. What are the key challenges you’ve faced in doing that? …

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Automation’s learning curve must be overcome

Posted on 04 February 2010 in 2010, Drilling Rigs & Automation, Global and Regional Markets, IADC: Global Leadership, Global Challenges, January/February, Onshore Advances

Critical D&C issues with Ed Kautz, Ensign Energy Services. Implementing automation technologies and equipment on land drilling rigs is still not universally accepted. Are you a believer in technology and automation? …

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Top drives key to better jackup performance

Posted on 04 February 2010 in 2010, Drilling It Safely, Drilling Rigs & Automation, Global and Regional Markets, IADC: Global Leadership, Global Challenges, January/February, Onshore Advances, The Offshore Frontier

Matt Ralls is president and CEO of Rowan Companies. He is also the 2010 IADC vice chairman. What do you see as some of the most critical technology challenges facing the drilling and completion industry today? Rowan is a jackup and…

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ExxonMobil/XTO deal augurs strong promise for natural gas

Posted on 14 December 2009 in Global and Regional Markets, News, Onshore Advances

ExxonMobil Corp and XTO Energy Inc announced on 14 December, 2009, an all-stock transaction valued at $41 billion. The acquisition agreement, which…

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Chukchi Sea drilling plan gets conditional OK

Posted on 08 December 2009 in Global and Regional Markets, IADC: Global Leadership, Global Challenges, News

The US Minerals Management Service (MMS) has conditionally approved Shell Gulf of Mexico’s plan to drill three exploratory, information-gathering wells…

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ConocoPhillips 2010 capital budget down from ’09 spending

Posted on 08 December 2009 in Global and Regional Markets, News

ConocoPhillips has approved a 2010 capital program of $11.2 billion, including about $9.7 billion for E&P. This represents a 10% decrease from estimated…

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