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BP Norway extends contract for Maersk Reacher jackup

Posted on 06 January 2014 in Global and Regional Markets, News

Maersk Drilling has received a contract extension from BP Norway for the Maersk Reacher jackup by two years from September 2014 to September 2016. BP Norway holds options…

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Statoil makes oil, gas discovery in Askja prospects in North Sea

Posted on 02 January 2014 in Global and Regional Markets, News

Statoil, with PL272 partners, has made a gas discovery in the Askja West prospect and an oil discovery in the Askja East prospect in the North Sea. The exploration wells…

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Ensco takes delivery of newbuild jackup

Posted on 23 December 2013 in Global and Regional Markets, News, The Efficient Rig

Ensco has taken delivery of ENSCO 121, the second of four ultra-premium harsh environment jackup rigs in its ENSCO 120 Series. The rig is contracted to work in the North Sea…

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BP makes discovery at Gila prospect in GOM

Posted on 18 December 2013 in Global and Regional Markets, News, The Offshore Frontier

BP, with co-venturer ConocoPhillips, has discovered oil at the Gila prospect in the deepwater Gulf of Mexico (GOM). This is BP’s third discovery and ConocoPhillips’ fourth…

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Chevron budgets $35.8 billion for 2014 exploration, production activities

Posted on 13 December 2013 in Global and Regional Markets, News

Chevron plans to invest $35.8 billion toward exploration and production activities, which is approximately 90% of the company’s 2014 investment program. The…

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Study: Development offshore US Atlantic could add $195 billion in investment

Posted on 11 December 2013 in Global and Regional Markets, News, The Offshore Frontier

Approximately 85% of acreage in federal offshore waters is inaccessible to offshore oil and natural gas…

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PDC cutter geometry improves ROP, increases footage drilled by 37%

Posted on 11 December 2013 in Innovating While Drilling, News

The latest innovation in PDC cutters has improved ROP by 10% and footage drilled by 37% in the Cana Woodford…

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Oil, gas discovery proves additional resources in the Johan Castberg area

Posted on 11 December 2013 in Global and Regional Markets, News, The Offshore Frontier

Statoil, with partners Eni Norge and Petoro, made an oil and gas discovery in the Skavl prospect in PL532…

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BG Group raises Tanzania resources to 15 Tcf

Posted on 11 December 2013 in Global and Regional Markets, News, The Offshore Frontier

BG Group has increased total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion…

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Statoil makes natural gas discovery offshore Tanzania

Posted on 06 December 2013 in News, The Offshore Frontier

Statoil, with co-venturer ExxonMobil, made its fifth discovery in Block 2 offshore Tanzania. The discovery of an additional 2 to 3 Tcf of natural gas in place in…

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