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Adkins: Bearish outlook in near term, $75 oil in 2015

Posted on 18 November 2014 in Global and Regional Markets, News

The global industry outlook is bearish in the near-term. Oil supply is growing twice as fast as demand, and the simple solution to this oversupply is to lower prices…

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Jenkins: Addressing BOP maintenance can help to curb rising costs in GOM

Posted on 18 November 2014 in Global and Regional Markets, News

The continuing increase in drilling and completion costs is a concern involving all industry stakeholders, Murphy Oil’s President & CEO emphasized at the 2014 IADC Annual General Meeting…

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Brady Long, Robert Urbanowski receive IADC Exemplary Service Awards

Posted on 18 November 2014 in IADC: Global Leadership, Global Challenges, News

IADC awarded Ensco’s Brady Long and Precision Drilling’s Robert Urbanowski with Exemplary Service Awards at the 2014 IADC Annual General Meeting…

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Ed Jacob is 2014 IADC Contractor of the Year

Posted on 18 November 2014 in IADC: Global Leadership, Global Challenges, News

Ed Jacob, Director, President and Chief Operating Officer of Independence Contract Drilling, has been recognized as the 2014 IADC Contractor of the Year…

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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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IADC Board elects Ed Jacob as 2015 Chairman

Posted on 14 November 2014 in IADC: Global Leadership, Global Challenges, News

Ed Jacob, Director, President and COO of Independence Contract Drilling, has been elected to serve as 2015 IADC Chairman. Additionally, Thomas Burke, President of Rowan Companies, was elected as…

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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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The other precious resource

Posted on 05 November 2014 in 2014, CurrentFeatures, Drilling It Safely, Features, November/December

What happens when a world thirsty for hydrocarbons meets a world competing for water? In the unconventionals sector, that collision of commodities is playing out across a variety of environmental and usage issues…

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