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Petrobras discovers oil accumulation in the Sergipe Basin Farfan area

Posted on 09 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Petrobras found light oil and gas in the Farfan area after drilling a well in the Sergipe Basin ultra-deep waters. The results confirm predictions made in the region…

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Eni extends contract with Ocean Rig Poseidon

Posted on 08 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Ocean Rig announced an agreement with ENI Angola, to extend the contract for the Ocean Rig Poseidon drillship for one year, until Q2 2017. As part of the contract…

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Maersk Training signs training agreement with Transocean

Posted on 08 January 2015 in Drilling It Safely, Global and Regional Markets, News

Maersk Training will be responsible for administration of all and delivery of certain training for Transocean’s offshore crew for at least five years…

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ADCO: Safer rigs paramount to drilling growth in Middle East

Posted on 07 January 2015 in Drilling It Safely, Global and Regional Markets, IADC: Global Leadership, Global Challenges, News

Although drilling contractors in the Middle East have made significant strides in safety, future rig expansion will depend on the ability of industry leaders to cultivate even safer work environments…

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Malaysian minister urges industry to look to long term amid falling oil prices

Posted on 06 January 2015 in Global and Regional Markets, News

As the Malaysian government works toward an economy with sustainable growth, diversification of national revenues continues to play a critical role..

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Wee Yiaw Hin, PETRONAS: Industry must increase speed of innovation to meet market demands

Posted on 06 January 2015 in Global and Regional Markets, Innovating While Drilling, News

Although cost and efficiency are important factors to consider as the oil and gas market slows down, companies also…

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Chevron makes oil discovery at Anchor prospect in deepwater US Gulf of Mexico

Posted on 06 January 2015 in News, The Offshore Frontier

Chevron announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico…

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NOV aims to deploy downhole-driven, closed-loop automation in Middle East in 2015

Posted on 06 January 2015 in Drilling Rigs & Automation, Global and Regional Markets, Innovating While Drilling, News

Automated closed-loop systems that are fed by downhole sensor packages may soon play a big role in Middle East drilling projects..

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IADC global trade guidelines address compliance with import/export laws

Posted on 05 January 2015 in IADC: Global Leadership, Global Challenges, News, Videos

The IADC Global Supply Chain Committee recently put forth new international trade guidelines for its members. Maersk Drilling’s Senior Export Control Officer…

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Rowan secures new jackup contracts, extensions

Posted on 05 January 2015 in Global and Regional Markets, News, The Offshore Frontier

Rowan Companies’ Joe Douglas, a LeTourneau Technologies 240-C Class jackup, has been awarded a one-well contract with Fieldwood in the Gulf of Mexico for…

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