Archive | Global and Regional Markets

Analysis: Global land rig demand may reach 7,300 by 2015

Posted on 04 May 2011 in 2011, Global and Regional Markets, May/June

According to Douglas-Westwood analysis, total onshore drilling demand may reach a requirement for more than 7,300…

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Brazil: On the straightaway in an energy marathon

Posted on 21 March 2011 in 2011, Features, Global and Regional Markets, March/April

Any casual observer in Brazil could say that, with helicopters transporting modular rigs on land in the Amazon and the huge ultra-deepwater rigs dotting the seascape, it looks as though the country has met with an…

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No slump in sight for Asia Pacific drilling

Posted on 28 January 2011 in 2011, Features, Global and Regional Markets, January/February

Vietnam, Australia, Indonesia among strong drilling markets keeping utilization, rates stable in this region. As 2011 begins, the Asia Pacific region is experiencing a change in the drilling climate. Deepwater, already driving increased expenditures in 2011, will figure more in exploration activity…

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Bahrain, Abu Dhabi gear up for planned expansions; Maersk looks to smart completions for Al Shaheen

Posted on 08 November 2010 in 2010, Features, Global and Regional Markets, November/December

Higher oil prices are contributing to an environment of stability in the Middle East and, in some areas, operators are seeing an increase…

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Underbalanced drilling helps PDO find gas in tight reservoir after 11 unsuccessful wells

Posted on 08 November 2010 in 2010, Global and Regional Markets, November/December

Deep-gas exploration wells in the Fahud Salt Basin in North Oman were traditionally drilled with high mud weights. Due to this conventional drilling…

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Optimizing drilling parameters and drill bit design boosts ROP by 37% in Algerian field

Posted on 08 September 2010 in 2010, Global and Regional Markets, September/October

Drilling challenges in the Hassi Messaoud (HMD) oilfield of Algeria have proven to be equal to the magnitude of its production. Historically, wells drilled…

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Despite weak spots, contractors see decent prospects in West Africa offshore Angola, Ghana

Posted on 08 September 2010 in 2010, Features, Global and Regional Markets, September/October

Despite a general oversupply of offshore rigs globally that is affecting utilization and dayrates in numerous markets, the West Africa region appears to be holding its own with consistent levels of E&P activity…

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Drilling optimization enhances development of harsh-environment East Shetland fields

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

New operator in the North Sea EnQuest PLC, which acquired Petrofac Energy Developments Ltd, faced a daunting first drilling project in the northern-most reaches of the…

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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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