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Precision Drilling secures contract for 1,500-hp newbuild in Middle East

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

Precision Drilling has been awarded a contract for a 1,500-hp newbuild that will operate for one of its existing customers in the Middle East with deployment…

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Lukoil begins commercial production from Iraq’s prolific Qurna-2 field

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

Russian oil company LUKOIL has begun commercial production operations in the prolific West Qurna-2 oilfield in southern Iraq after reaching a target production level of…

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GE, Devon to develop technologies for US unconventionals

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

GE Oil & Gas and Devon Energy have signed a technology collaboration agreement to bring new and enhanced technologies to unconventional oil and gas projects in the US. The agreement…

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Honghua Group highlights natural gas solutions for shale-drilling industry

Posted on 28 May 2014 in Global and Regional Markets, News, Onshore Advances, OTC

Comparing the state of the Chinese shale gas industry today to the state of the US market back in 2005 to 2006, Honghua Group Chairman and CEO Zhang Mi said he believes…

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Seadrill, North Atlantic Drilling partner with Rosneft to access Russian market

Posted on 27 May 2014 in Global and Regional Markets, News

North Atlantic Drilling Ltd (NADL) and Seadrill have executed an investment and cooperation agreement with Rosneft to pursue growth opportunities offshore and onshore in the…

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Tullow: Shimela-1 well onshore Ethiopia encountered water-bearing reservoirs

Posted on 23 May 2014 in Global and Regional Markets, News, Onshore Advances

The Shimela-1 well in the South Omo Block onshore Ethiopia was drilled to test a prospect in a northwestern sub-basin of the vast Chew Bahir basin. The frontier wildcat well…

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Hercules, Maersk Oil sign 5-year deal for newbuild jackup

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

Hercules Offshore has signed a five-year drilling contract with Maersk Oil North Sea UK for a newbuild jackup to be owned and operated by Hercules Offshore. Total contract…

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Lawler: Independents led US shale revolution, will play key role globally as well

Posted on 21 May 2014 in Global and Regional Markets, News, Onshore Advances

Under a new corporate strategy focused on financial discipline, Chesapeake Energy expects to stay at an operational level of approximately 60 to 80 rigs per day, CEO Doug…

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IADC North Sea Chapter recognizes best in safety performance

Posted on 21 May 2014 in Drilling It Safely, IADC: Global Leadership, Global Challenges, News

The IADC North Sea Chapter recognized the best in safety performance at its annual Safety Awards Ceremony held in Aberdeen on 16 May. Northern Offshore and Noble Drilling were recognized in the jackup…

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OSHA: Collaboration paves path to culture of safety

Posted on 21 May 2014 in Drilling It Safely, Exclusive Video, IADC: Global Leadership, Global Challenges, News, Uncategorized

Dr David Michaels, Assistant Secretary of Labor for OSHA, praised the onshore oil and gas industry for continuing to promote a culture of safety through collaboration. In this…

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