Archive | Global and Regional Markets

BOEM lease sale to offer 21 million acres in Gulf of Mexico for oil, gas development

Posted on 21 July 2014 in Global and Regional Markets, News, The Offshore Frontier

The US Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank will offer more than 21 million acres offshore Texas for oil and gas exploration and development…

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Deloitte report shows a drop in North Sea deals, drilling

Posted on 18 July 2014 in Global and Regional Markets, News, The Offshore Frontier

Oil and gas companies may be adopting a “wait-and-see” approach before making further investment decisions in the North Sea, according to a new report published today by…

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Shell adds third major discovery to Norphlet play in Gulf of Mexico

Posted on 15 July 2014 in Global and Regional Markets, News, The Offshore Frontier

Shell has made its third major discovery in the Norphlet play in deepwater Gulf of Mexico with the successful Rydberg exploration well. After more than 10 years of exploration…

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Occidental Petroleum names California Resources Corp leadership team

Posted on 11 July 2014 in Global and Regional Markets, News

Occidental Petroleum Corp has announced the leadership team for its subsidiary, California Resources Corp (CRC), and named Todd A. Stevens as President and CEO and William…

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Rolling PDC cutter enhances drill bit life in Granite Wash runs

Posted on 10 July 2014 in 2014, Global and Regional Markets, Innovating While Drilling, July/August

Recent advances in diamond bonding techniques and manufacturing processes have enabled the industry to produce highly abrasion-resistant polycrystalline diamond cutters…

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Rally in the North Sea

Posted on 10 July 2014 in 2014, Features, Global and Regional Markets, IADC: Global Leadership, Global Challenges, July/August

Despite myriad challenges such as rising costs, mature fields and increasingly tougher regulations, the European drilling market continues to exhibit strength in terms of contract backlogs, rig utilization and a general feeling of…

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Q&A’s with UK, Norwegian regulators

Posted on 10 July 2014 in 2014, Drilling It Safely, Global and Regional Markets, July/August, The Offshore Frontier

As head of the UK Heath and Safety Executive (HSE) Energy Division, what goals do you have for the coming years? Susan Mackenzie: The health and safety priorities for the…

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Onshore Drilling & Technology Briefs: Unit Drilling launches new rig design; China preps for large-scale shale development

Posted on 10 July 2014 in 2014, Drilling Rigs & Automation, Global and Regional Markets, Innovating While Drilling, July/August, Onshore Advances

Unit Drilling has put the first of its newly designed BOSS series, Rig 401, to work in the Texas Panhandle for Unit Petroleum. The 1,500-hp, AC-powered walking rig…

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Claxton completes rigless removal of a stuck BHA during slot recovery

Posted on 09 July 2014 in Completing the Well, Drilling It Safely, Global and Regional Markets, Innovating While Drilling, News, The Offshore Frontier

Claxton Engineering Services, an Acteon company, has completed the first rigless removal of a stuck bottomhole assembly (BHA). The work was completed during a slot recovery…

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First Dopeless technology well drilled in Alaska’s North Slope

Posted on 07 July 2014 in Drilling It Safely, Global and Regional Markets, Innovating While Drilling, News

A European oil and gas company has successfully drilled the first Dopeless technology well in Alaska’s North Slope, on the northern part of the Brooks Range on the…

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