Archive | Global and Regional Markets

Global exploration, streamlined drilling to lead Statoil growth

Posted on 22 April 2014 in 2014, Global and Regional Markets, May/June, The Offshore Frontier

Global exploration will be the primary growth engine for Statoil in the near term, and the US Gulf of Mexico (GOM) will play an important role in that strategy as the company…

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Onshore drilling & technology briefs

Posted on 22 April 2014 in 2014, Drilling It Safely, Global and Regional Markets, Innovating While Drilling, May/June, Onshore Advances

Automated rig aims to reduce human exposure; California well stimulation regulations put operations at standstill…

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ERD advances push limits on Chayvo wells

Posted on 22 April 2014 in 2014, Completing the Well, Global and Regional Markets, May/June, Onshore Advances

The second drilling campaign at the Chayvo field, located offshore Sakhalin Island, targeted a new reservoir zone using extended-reach wells from onshore. A total of four oil producers…

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Case study: Culture of performance drives Iraqi drilling campaign

Posted on 22 April 2014 in 2014, Completing the Well, Drilling It Safely, Global and Regional Markets, May/June, Onshore Advances

The giant Majnoon oilfield in Iraq was discovered in 1975 by Braspetro (Petrobras). It is located in southern Iraq, 60 km (37 miles) from Basra. Multiple reservoirs contain an estimated…

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670,000+ wells to be drilled through 2020

Posted on 22 April 2014 in 2014, Global and Regional Markets, May/June

Oil and gas development wells drilled around the world will need to exceed 106,000 per year by 2020 in order to meet global hydrocarbon demand, Douglas-Westwood stated in its…

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The boom Down Under

Posted on 22 April 2014 in 2014, Global and Regional Markets, May/June

Australian coal seam gas (CSG) drilling is moving into a period of rapid development. With three LNG projects nearing completion, the country is in the midst of an onshore…

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Noble names Steven Manz as Senior VP And CFO of Paragon Offshore

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

Steven A. Manz will serve as Senior VP and CFO of Noble Corp’s spinoff company Paragon Offshore, a standard specification offshore drilling company, Noble announced today…

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Shell makes deepwater gas discovery offshore Malaysia

Posted on 17 April 2014 in Global and Regional Markets, News, The Offshore Frontier

Shell has made an exploration discovery offshore Malaysia in the Rosmari-1 well located 135 km offshore Malaysia in Block SK318. The well was drilled to a total depth of 2,123…

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Ensco orders new jackups from Lamprell

Posted on 16 April 2014 in Global and Regional Markets, News

Ensco has ordered two high-specification jackups, ENSCO 140 and ENSCO 141, for delivery in mid-2016 from Lamprell’s shipyard in the United Arab Emirates. The rigs will also…

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MPD/UBD successfully drills sidetrack after 6 failed conventional drilling attempts

Posted on 16 April 2014 in Completing the Well, Drilling It Safely, Global and Regional Markets, News

In the Brookeland Field in East Texas, conventional drilling methods failed in six attempts to drill a “straightforward” horizontal wellbore. The original well had surface casing installed…

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