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Baker Hughes frac plug eliminates post-frac intervention, saves operator $150,000/well

Posted on 10 February 2014 in Innovating While Drilling, News

Baker Hughes has released its SHADOW series frac plug, a permanent, large-bore, flow-through frac plug designed to be left downhole after fracturing operations are complete…

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UMW Drilling orders KFELS jackup, delivery expected in Q3 2015

Posted on 06 February 2014 in Global and Regional Markets, News, The Offshore Frontier

UMW Drilling, a wholly owned subsidiary of UMW Oil & Gas, has awarded Keppel FELS, a subsidiary of Keppel Offshore & Marine (Keppel O&M), a contract for a KFELS B Class jackup…

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Ensco sells two jackups for $33 million

Posted on 05 February 2014 in Global and Regional Markets, News

Ensco has sold its two remaining cold-stacked jackups for $33 million. The net book value of the two rigs, ENSCO 69 and Wisconsin, both built in 1976, was approximately…

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Noble names Stilley CEO of spinoff company Paragon Offshore

Posted on 05 February 2014 in Global and Regional Markets, News

Randall D. Stilley will serve as president and CEO of Noble Corp’s spinoff company Paragon Offshore, a standard specification offshore drilling company, Noble recently…

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BP awards KCA Deutag $220 million contract for newbuilds

Posted on 03 February 2014 in Global and Regional Markets, News

BP has awarded KCA Deutag a five-year, $220-million contract for the construction and operation of three fast-moving land rigs in Oman. Including options, the contract is valued…

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Chevron, GE form alliance to develop technologies for industry

Posted on 03 February 2014 in News

Chevron Energy Technology Co and GE Oil & Gas have created the Chevron GE Technology Alliance, which will develop and commercialize technologies to solve critical issues…

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Survey ranks US, Brazil as top investment markets but raises concerns for costs, risks

Posted on 03 February 2014 in Global and Regional Markets, News

The US and Brazil rank as the most favorable regions for oil and gas investment in 2014, but there will be pressures to reduce costs and consolidate, a new report from DNV…

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Texas Petro Index: Statewide oil production up 21% in 2013

Posted on 30 January 2014 in Global and Regional Markets, News

Texas oil and gas producers achieved one of the upstream industry’s most successful years in 2013, according to the Texas Petro Index (TPI), as statewide crude oil production grew…

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Analyst: Shale oil won’t threaten deepwater, but rising costs, oil prices might

Posted on 29 January 2014 in Global and Regional Markets, News

The boom in US oil shale production is not a threat to deepwater, an energy industry expert said, but rising costs and relatively flat oil prices will continue to…

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Exclusive video: Sustainable practices minimize industry’s environmental impact, boost reputation

Posted on 29 January 2014 in Drilling It Safely, News, Videos

Industry is increasingly integrating sustainable concepts into its operations, leaving a positive impact on the…

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