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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…
Former CEO of PEMEX: ‘Scope and depth of reform is really a game changer’
Posted on 03 December 2014 in Global and Regional Markets, News
The opening of Mexico’s oil and gas sector to foreign companies creates opportunities not only for E&P, but also supply chain management…
Independence Contract Drilling deploys 11th rig to Permian Basin
Posted on 03 December 2014 in Global and Regional Markets, News, Onshore Advances, Videos
As the US strives to reach energy independence, Chris Menefee, Vice President of Business Development for Independence Contract Drilling (ICD), believes the land drilling business will see more opportunities for…
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)…
Liner-less spill containment improves environmental performance, minimizes costs
Posted on 02 December 2014 in Drilling It Safely, News, Videos
A new liner-less spill containment system helps to reduce contamination risks, improve on-site safety and minimize costs. Newpark Mats…
Sarni: Industry has opportunity to do more with less water
Posted on 01 December 2014 in Drilling It Safely, Innovating While Drilling, News, Videos
While some analysts are projecting a 40% shortfall in water supply by 2030, the oil and gas industry is doing what it does best – innovate. “You’re seeing a lot of technology innovation – using less water, recycling, reusing…
Analyst: Low oil prices likely to delay upstream developments in northwest Europe
Posted on 01 December 2014 in Global and Regional Markets, News
With oil prices falling to a four-year low, the development of two frontier basins in northwest Europe, the Barents Sea and the West of Shetland (WoS)…
US EIA: Increase in energy demand requires 33 million bbl/day more oil
Posted on 26 November 2014 in Global and Regional Markets, News, Videos
The world is going to need one-third more oil between 2010 and 2040, with developing countries, such as China and India, accounting for a major portion in the increase in…
Prescriptive Analytics prescribes how to complete wells to maximize production
Posted on 25 November 2014 in Completing the Well, Innovating While Drilling, News, Videos
“Big data” is taking on a new role in industry, where companies are combining the findings from geology and geophysics with new data collected from advanced technologies…
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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Recent Drilling News
27 January 2015
Lower 48 oil production outlook stable despite expected rig count reduction
The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, as...
27 January 2015
Hess Corp announces 2015 capital, exploratory budget
Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources...
26 January 2015
Young professionals program at SPE/IADC Drilling Conference to target future leaders of the industry
The oil and gas industry is constantly looking to the future. Whether this comes in the form of pushing the limits of pressure...
22 January 2015
Tullow Oil moves ahead with exploration, appraisal drilling onshore Kenya
Tullow Oil has announced updates on several onshore projects in Kenya, including the Expir-1 exploration, Engomo-1 exploration, the Ngamia and Amosing...
22 January 2015
Petrobras reduces operating costs, time with new pre-salt subsea equipment deployment technique
At the end of last year, Petrobras deployed its first wet Christmas tree using cables in the pre-salt area. The main change involved was the use of a subsea equipment...