Archive | The Offshore Frontier

Petrobras completes drilling first appraisal well in Libra Consortium

Posted on 25 November 2014 in Global and Regional Markets, News, The Offshore Frontier

Petrobras recently completed drilling the first appraisal well in the Libra area, the 3-BRSA-1255 (3-RJS-731), known as NW1. Located in the Northwest portion of the Libra block, in the pre-salt layer of the…

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Statoil cancels Stena Carron rig contract offshore Angola

Posted on 21 November 2014 in Global and Regional Markets, News, The Offshore Frontier

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola…

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Stilley: Despite challenging outlook, opportunities are plenty in the long term

Posted on 18 November 2014 in Global and Regional Markets, News, The Offshore Frontier, Videos

Opportunities abound for the drilling industry even in an environment of high costs and falling oil prices, Randall D. Stilley, President & CEO of Paragon Offshore, said…

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In well control, an ounce of prevention is worth a pound of cure

Posted on 18 November 2014 in Drilling It Safely, News, The Offshore Frontier, Videos

It has been more than four years since Macondo, and the long-term effects of the oil spill are still being determined. “Oil is a natural substance that can be degraded…

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Powell: Drilling contractors responsible for well control; planning, risk assessment fall under operators in EU directive

Posted on 18 November 2014 in Global and Regional Markets, IADC: Global Leadership, Global Challenges, News, The Offshore Frontier, Videos

Before joining IADC, Taf Powell served with the European Commission as an expert adviser in offshore drilling and…

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Hess, Chevron commence production from Tubular Bells Field in Gulf of Mexico

Posted on 17 November 2014 in News, The Offshore Frontier

Hess Corp announced that production has commenced from the Tubular Bells Field, located in the Mississippi Canyon area of the deepwater Gulf of Mexico…

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BP launches robotic core-flooding system

Posted on 10 November 2014 in Innovating While Drilling, News, Onshore Advances, The Offshore Frontier

The complete automation and workflow optimization in BP’s new Core Flood Robot enables hundreds of core flood tests to be performed each year, rather than dozens…

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Statoil suspends 2 rigs due to overcapacity

Posted on 06 November 2014 in Global and Regional Markets, News, The Offshore Frontier

Statoil has decided to suspend two new rigs due to overcapacity in the rig portfolio. Transocean Spitsbergen and Songa Trym will be suspended through 2014, a period which might be extended…

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Troubled waters

Posted on 05 November 2014 in 2014, CurrentFeatures, Features, Global and Regional Markets, November/December, The Offshore Frontier

The ingredients for a troubled deepwater market – flattening rig demand, increasing costs and falling oil prices – have been brewing in the past year. A number of deepwater projects have been postponed, and the industry…

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Drilling potential abounds in Mexico, but so does uncertainty

Posted on 05 November 2014 in 2014, Global and Regional Markets, November/December, Onshore Advances, The Offshore Frontier

The tides are turning in Mexico after the government ended PEMEX’s 76-year monopoly over the country’s oil and gas market. On 20 December 2013, Mexico’s energy reform bill became a law…

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