Archive | The Offshore Frontier

Craighead: E&P in ultra-deepwater is like ‘going to mars’

Posted on 28 May 2013 in 2013, Global and Regional Markets, May/June, The Offshore Frontier

In the not so distant past, with deepwater exploration still in its infancy, the fear of shrinking oil and gas supplies frequently ran high. Today, however, industry has embraced the challenges…

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Case study: Planning enables remote-area drilling campaign

Posted on 28 May 2013 in 2013, Global and Regional Markets, Innovating While Drilling, May/June, The Offshore Frontier

Operators share rig, services for exploratory, appraisal program offshore Falkland Islands By J.W. Jenner, A. Morrison, Rockhopper Exploration; R. Lyons, Desire Petroleum; L. Phillips, AGR Petroleum Services; I. McBean, Diamond Offshore Drilling (UK) Offshore the Falkland Islands, approximately 650 km southeast of the South American continent, two small UK operators with limited in-house operational resources conducted […]

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Ship shape

Posted on 28 May 2013 in 2013, Features, Global and Regional Markets, May/June, The Offshore Frontier

The world’s offshore rig fleet is getting a makeover. The recovering global economy, healthy commodity prices, a burgeoning ultra-deepwater market and plans to venture into more harsh-environment fields have converged in a perfect storm of newbuild activity…

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Can’t keep the offshore industry down

Posted on 28 May 2013 in 2013, Features, Global and Regional Markets, May/June, The Offshore Frontier

The global offshore industry is undeniably enjoying another renaissance. Both the deepwater and jackup segments are benefitting from high utilization and climbing dayrates in almost every market around the world, and few doubt this positive outlook will continue…

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From recovery into growth

Posted on 28 May 2013 in 2013, Features, Global and Regional Markets, May/June, The Offshore Frontier

The state of affairs in the Gulf of Mexico (GOM) has shifted from recovery mode to a new growth phase, with deepwater activity surpassing pre-Macondo levels. It’s estimated that the moratorium set the GOM back one to two years, but industry has finally achieved a period of bustling activity…

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FPSO boom calls for care with power supply equipment, hazards

Posted on 22 May 2013 in 2013, Drilling It Safely, May/June, The Offshore Frontier

The global FPSO market has encountered tremendous growth over the past 20 years and is showing no sign of slowing…

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BP commits to renewed focus on upstream oil and gas over next decade

Posted on 15 May 2013 in News, OTC, The Offshore Frontier

Over the next decade, as much as 75% to 80% of BP’s majority group capital expenditure will be spent in upstream…

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Statoil sanctions Julia development in GOM with ExxonMobil, pushes ahead with Logan

Posted on 15 May 2013 in Global and Regional Markets, News, OTC, The Offshore Frontier

Pursuing further growth in its US offshore portfolio, Statoil has sanctioned its fourth field development in the Gulf of Mexico…

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50% of total production to be pre-salt by 2020, Petrobras says

Posted on 15 May 2013 in Global and Regional Markets, News, OTC, The Offshore Frontier

Recounting Petrobras’ history in presalt activities so far, Carlos Tadeu da Costa Fraga, executive manager for Petrobras, shared the company’s..

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Statoil awards Mariner drilling services contract to Noble Corp

Posted on 14 May 2013 in News, The Offshore Frontier

Statoil has awarded a four-year contract for drilling services on the Mariner project to Noble Corp, with an option of up to two years…

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