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Oil, gas discovered in deepwater pre-salt offshore Angola

Posted on 01 May 2014 in Global and Regional Markets, News, The Offshore Frontier

The Angolan National Concessionaire Sonangol, Cobalt and the Block 20 partners – Sonangol Pesquisa e Produção and BP Exploration Angola (Kwanza Benguela) have announced the…

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People issues contribute to project delays, cost overruns

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

Australia’s gas boom has prompted forecasts that it will overtake Qatar as the world’s biggest LNG exporter by 2020. The Australasian region has witnessed an unprecedented…

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Rowan elects Thomas Burke as new CEO; appoints Matt Ralls executive chairman of board

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

Rowan Companies has elected Dr Thomas P. Burke as the CEO and appointed W. Matt Ralls as Executive Chairman of the Board along with Sir Graham Hearne as new Lead Director of the…

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Premier makes oil, gas discovery offshore Indonesia

Posted on 28 April 2014 in Drilling It Safely, Global and Regional Markets, News

Premier Oil has made an oil and gas discovery in the Kuda Laut-1 well in Tuna PSC offshore Indonesia. Oil and gas samples were recovered to surface and discovered 183 ft…

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Songa sells 2 rigs, establishes joint venture with Opus Offshore; Ensco sells jackup

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

Songa Offshore has entered into an agreement with Opus Offshore Group for the sale of two rigs and establishment of a joint venture drilling management company, the Songa-Opus…

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Drilling & Completion News

Posted on 22 April 2014 in 2014, Departments, May/June

Precision Drilling has signed a multiyear contract for a Super Triple ST-2000 newbuild rig that will be delivered in Q4 this year to the Middle East. In Mexico, the company…

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2014 OTC Spotlight on New Technology Awards

Posted on 22 April 2014 in 2014, Departments, May/June

The Offshore Technology Conference has announced the 12 winning technologies that will receive the 2014 Spotlight on New Technology Awards recognizing innovative technologies…

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Editorial: IADC steps up global leadership to address critical industry challenges

Posted on 22 April 2014 in 2014, IADC: Global Leadership, Global Challenges, May/June

Continually overcoming difficult challenges and major change is a hallmark of our industry. However, the pace of change is getting faster, the risks bigger…

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Analysis: Dayrate business model not built to drive innovation, value delivery

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

The drilling business model has become the “elephant in the room” as drilling systems automation advances seek an integrator and technology/performance enhancements seek…

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MPD poised for growth in Australasia deepwater

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

The pace and success of Australasia’s deepwater exploration and development depends on achieving high standards of safety and environmental stewardship while addressing…

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