Archive | Global and Regional Markets

Petrobras develops web-based software to sort, filter rig information, KPIs

Posted on 26 March 2014 in Global and Regional Markets, News, The Offshore Frontier

To integrate key information about its growing number of rigs into one database, Petrobras has created a web-based software to sort and filter rig specification and safety…

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Video: Noble PATH program defines job competencies, career paths

Posted on 26 March 2014 in Drilling It Safely, Global and Regional Markets, News, Videos

In October 2013, Noble rolled out PATH, a “promotion and advancement through hard work” program that is designed to measure, optimize and demonstrate the competency…

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Maersk Drilling names new ultra-harsh environment jackup

Posted on 24 March 2014 in Global and Regional Markets, News, The Offshore Frontier

Maersk Drilling has named a new ultra-harsh environment jackup, Maersk Intrepid, in a ceremony at the Keppel FELS shipyard in Singapore. Maersk Intrepid is the first in a…

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Precision Drilling signs new international contracts, increases 2014 CAPEX plan

Posted on 24 March 2014 in Global and Regional Markets, News

Precision Drilling has signed a multi-year contract for a Super Triple newbuild, ST-2000 rig that will be delivered in Q4 late this year. In Mexico, the company has also signed…

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OSRL opens Brazil base housing subsea capping stack

Posted on 14 March 2014 in Drilling It Safely, Global and Regional Markets, News

Oil Spill Response Ltd (OSRL), a global response cooperative funded by some 160 oil and energy companies, has opened a new base in Angra dos Reis, Brazil. The base houses…

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Petrobras confirms deepwater discovery in Potiguar Basin


Posted on 13 March 2014 in Drilling It Safely, Global and Regional Markets, News

Petrobras has completed drilling wildcat well 1-BRSA-1205-RNS (1-RNS-158), also known as Pitu, and has confirmed the discovery of intermediate oil (24º API)…

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Energy XXI to add significant assets through EPL merger

Posted on 12 March 2014 in Global and Regional Markets, News

Energy XXI has signed a definitive merger agreement to acquire all outstanding shares of EPL Oil & Gas for a total consideration of $2.3 billion, including the assumption…

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OMV deploys first continuous circulation system in northern Iraq

Posted on 12 March 2014 in 2014, Global and Regional Markets, Innovating While Drilling, March/April, Onshore Advances

Exploration wells drilled in the southern flank of the Zagros Range Fold Belt in northern Iraq are subject to major fluid losses. The limestones and dolomitic limestones…

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Dual-gradient system ensures quality cement job in North Sea well

Posted on 12 March 2014 in 2014, Global and Regional Markets, Innovating While Drilling, March/April, The Offshore Frontier

Offshore formations characterized by weakness, shallow-gas hazards, porous sand and other issues present challenges that can result in lost time, cost increases and even…

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Going the distance

Posted on 12 March 2014 in 2014, Global and Regional Markets, Innovating While Drilling, March/April, Onshore Advances, The Offshore Frontier

From vertical wells to horizontal wells, the industry’s evolution within the past 10 years has commanded a transformation of the drilling landscape. Subsequently, coiled tubing…

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