Archive | Global and Regional Markets

UK approves Premier Oil to develop Catcher area in North Sea

Posted on 12 June 2014 in Global and Regional Markets, News, The Offshore Frontier

Premier Oil has received approval of its Catcher area field development plan from the UK Department of Energy and Climate Change. “The Catcher area development shows that…

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Survey: Investors optimistic on upside potential of natural gas, crude oil pricing

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

In an energy sector poll, RBC Capital Markets found that 76% of investors and executives believe that the current $100-plus price levels for crude oil will be sustained or…

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US EIA: Domestic production filled 84% of US energy demand in 2013

Posted on 03 June 2014 in Global and Regional Markets, News

Total US energy production reached 81.7 quadrillion British thermal units (quads) in 2013, the US Energy Information Administration (EIA) reported this week. That is…

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Seadrill signs contract with Total for West Jupiter newbuild

Posted on 02 June 2014 in Global and Regional Markets, News

Seadrill has signed a firm five-year period contract with Total Upstream Nigeria for the newbuild ultra-deepwater drillship West Jupiter. The West Jupiter is a…

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KCA Deutag wins contract for 2 slider rigs for Lukoil

Posted on 02 June 2014 in Global and Regional Markets, News

The Land Division of KCA Deutag has been awarded a contract worth more than $90 million by Russia’s second largest oil company, Lukoil, for the supply of two arctic cluster…

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Precision Drilling secures contract for 1,500-hp newbuild in Middle East

Posted on 29 May 2014 in Global and Regional Markets, News

Precision Drilling has been awarded a contract for a 1,500-hp newbuild that will operate for one of its existing customers in the Middle East with deployment…

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Lukoil begins commercial production from Iraq’s prolific Qurna-2 field

Posted on 29 May 2014 in Global and Regional Markets, News

Russian oil company LUKOIL has begun commercial production operations in the prolific West Qurna-2 oilfield in southern Iraq after reaching a target production level of…

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GE, Devon to develop technologies for US unconventionals

Posted on 28 May 2014 in Global and Regional Markets, News

GE Oil & Gas and Devon Energy have signed a technology collaboration agreement to bring new and enhanced technologies to unconventional oil and gas projects in the US. The agreement…

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Honghua Group highlights natural gas solutions for shale-drilling industry

Posted on 28 May 2014 in Global and Regional Markets, News, Onshore Advances, OTC

Comparing the state of the Chinese shale gas industry today to the state of the US market back in 2005 to 2006, Honghua Group Chairman and CEO Zhang Mi said he believes…

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Seadrill, North Atlantic Drilling partner with Rosneft to access Russian market

Posted on 27 May 2014 in Global and Regional Markets, News

North Atlantic Drilling Ltd (NADL) and Seadrill have executed an investment and cooperation agreement with Rosneft to pursue growth opportunities offshore and onshore in the…

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