Archive | Global and Regional Markets

Seadrill secures contract for ultra-deepwater drillship in Nigeria

Posted on 11 August 2014 in Global and Regional Markets, News, The Offshore Frontier

Seadrill Ltd, in cooperation with Field Offshore Design Engineering Nigeria Ltd, has secured a contract with Esso Exploration and Production Nigeria Ltd, an ExxonMobil…

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PTTEP, partners signs PSC for onshore exploration in Myanmar

Posted on 08 August 2014 in Global and Regional Markets, News, Onshore Advances

PTTEP South Asia Ltd (PTTEP SA), Palang Sophon Offshore Pte Ltd and Win Precious Resources Pte Ltd (WPR) signed a production sharing contract (PSC) with Myanma Oil and…

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Maersk Drilling adds second XLE jackup rig to fleet

Posted on 08 August 2014 in Global and Regional Markets, News, The Offshore Frontier

Maersk Drilling has taken delivery of its second ultra-harsh environment jackup, XLE-2, from the Keppel FELS shipyard in Singapore on time. The rig will start its mobilization…

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Petrobras begins drilling first exploration well in Libra consortium

Posted on 07 August 2014 in Global and Regional Markets, News, The Offshore Frontier

Petrobras has started drilling the first exploration well in the Libra area. Schahin’s Cerrado drillship is drilling the well, known as 3-RJS-731. This is the first of two wells planned for the first phase…

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ADIPEC 2014: Challenges and opportunities for the next 30 years

Posted on 05 August 2014 in Global and Regional Markets, News

The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), a multi-disciplinary conference, targets international and regional oil and gas…

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Petrobras’ domestic oil production tops 2 million bbl/day in June

Posted on 22 July 2014 in Completing the Well, Global and Regional Markets, News, The Offshore Frontier

Petrobras’ June oil production in Brazil averaged 2 million bbl/day (bpd), a 1.7% increase from May’s production of 1.9 million bpd. In addition, the production operated…

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Easternwell to manage delivery of onshore servicing rig for Brunei

Posted on 22 July 2014 in Global and Regional Markets, News

Australia’s Easternwell, a subsidiary of Transfield Services, has expanded internationally through an agreement with Flux O.S. SDN BHD (Flux), a Bruneian oil and gas company…

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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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