Archive | The Offshore Frontier

Seadrill purchases ultra-deepwater drillship West Polaris

Posted on 02 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Seadrill has exercised a purchase option for the West Polaris, a sixth-generation ultra-deepwater drillship, from Ship Finance International Limited. The West Polaris was…

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BP, SOCAR to explore shallow water Absheron Peninsula

Posted on 22 December 2014 in Global and Regional Markets, News, The Offshore Frontier

BP and SOCAR signed signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula…

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Eni completes production test on Minsala Marine 1 exploration well offshore Congo

Posted on 16 December 2014 in Global and Regional Markets, News, The Offshore Frontier

Eni has successfully completed the production test on the Minsala Marine 1 NFW, located in the Marine XII Block offshore Congo, 35 km from the shoreline and 12 km…

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Eni begins oil production at West Hub Development offshore Angola

Posted on 09 December 2014 in Global and Regional Markets, News, The Offshore Frontier

Eni has started production of first oil from the West Hub Development Project in Block 15/06 offshore Angola, approximately 350 km northwest of Luanda and 130 km west of Soyo. The field is currently producing…

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DNV GL introduces recommended practice for subsea lifting

Posted on 02 December 2014 in Drilling It Safely, News, The Offshore Frontier

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP)…

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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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