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Johan Castberg project delayed to 2015 to evaluate costs, final concept

Posted on 04 July 2014 in Global and Regional Markets, News, The Offshore Frontier

The partners in the Johan Castberg license, comprising Statoil, Eni and Petoro, have decided to spend more time on making the final concept selection for the Johan Castberg…

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Wärtsilä to deliver generating sets for two well-intervention vessels for Siem Offshore

Posted on 04 July 2014 in Drilling It Safely, Global and Regional Markets, News, The Offshore Frontier

Wärtsilä has received an order to deliver generating sets for two new well-intervention vessels for Siem Offshore from Norway. The vessels are under construction…

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Pre-salt Santos, Campos basins surpass 500,000 bbls of oil/day

Posted on 03 July 2014 in Global and Regional Markets, News, The Offshore Frontier

Oil production in the pre-salt Santos and Campos Basins have surpassed 500,000 bbl/day (bpd),topping-out at 520,000 bpd on 24 June and setting a new daily output record…

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Wood Group Kenny wins subsea engineering services contract for Ghana

Posted on 03 July 2014 in News, The Offshore Frontier

Wood Group Kenny (WGK) has been awarded an engineering services contract to support Tullow Ghana Ltd and its partners through the execution phase…

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Gazprom Neft begins exploratory drilling in the Arctic

Posted on 03 July 2014 in Global and Regional Markets, Innovating While Drilling, News, The Offshore Frontier

Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has started drilling a new exploration well in the Dolginskoye field on the continental shelf in the Pechora sea…

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Bit-to-bend motor drills Eagle Ford wells in single runs

Posted on 02 July 2014 in Innovating While Drilling, News, Onshore Advances

Baker Hughes used its new 6 3/4-in. Navi-Drill Ultra Curve motor with a 4½-ft bit-to-bend length to drill the vertical, curve and lateral…

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Petrobras reduces pre-salt drilling time by 55%


Posted on 01 July 2014 in Completing the Well, Drilling It Safely, Global and Regional Markets, News

Petrobras has reduced drilling time by 55%, from 126 days in 2010 to 60 days in 2013 in the pre-salt layer of the Lula and Sapinhoá fields, where it has achieved 30 days…

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GE wins PEMEX surface wellhead, tree contract for GOM project

Posted on 25 June 2014 in Drilling It Safely, Global and Regional Markets, News, The Offshore Frontier

GE Oil & Gas has signed a multi-year agreement with PEMEX to supply and install surface wellheads and trees for an offshore project in the Campeche Sound Ayatsil field in the…

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Lessons from chemical industry: 3 keys to process automation

Posted on 25 June 2014 in Drilling It Safely, Innovating While Drilling, News, The Efficient Rig, Videos

The integration of process and automation engineering in the chemical industry has led to increase in overall efficiency and shorter project times, Thomas Dieckhoff of Siemens explained…

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Lacy: Industry must address human factors as part of self-regulation

Posted on 25 June 2014 in Drilling It Safely, News, Videos

Tracing the cause of major incidents in the drilling industry often leads to single-point human errors. Participating on a panel discussion titled “Are we doing enough as an…

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