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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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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…

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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…

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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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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…

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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…

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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)…

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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…

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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…

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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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