Archive | Global and Regional Markets

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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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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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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Octane Energy’s Jared Blong addresses US Congressional subcommittee

Posted on 07 July 2014 in Global and Regional Markets, IADC: Global Leadership, Global Challenges, News

Jared Blong, CEO and President of Midland, Texas-based Octane Energy and past Chairman of the IADC Permian Basin Chapter, recently addressed the…

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Stone Energy to sell non-core GOM properties to Talos Energy Offshore

Posted on 04 July 2014 in Global and Regional Markets, News, The Offshore Frontier

Stone Energy Corp announced a definitive agreement to sell its non-core Gulf of Mexico (GOM) conventional shelf properties to Talos Energy Offshore for $200 million in cash and…

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Johan Castberg project delayed to 2015 to evaluate costs, final concept

Posted on 04 July 2014 in Global and Regional Markets, News, The Offshore Frontier

The partners in the Johan Castberg license, comprising Statoil, Eni and Petoro, have decided to spend more time on making the final concept selection for the Johan Castberg…

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Wärtsilä to deliver generating sets for two well-intervention vessels for Siem Offshore

Posted on 04 July 2014 in Drilling It Safely, Global and Regional Markets, News, The Offshore Frontier

Wärtsilä has received an order to deliver generating sets for two new well-intervention vessels for Siem Offshore from Norway. The vessels are under construction…

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