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Schlumberger regional president: Downturn forcing industry to 'cut out the fat'

Posted on 19 June 2009 in News

A few weeks ago, it was as if the oil & gas industry was staring into a “dimensionless black hole,” but now it is traveling through a long, dark tunnel with a “small light” at the end, according to Mark Corrigan, Schlumberger’s president for oilfield services covering Europe, Africa and the Caspian. …

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H&P's Orr: Technology has skewed US rig count/production correlation

Posted on 19 June 2009 in News

A traditional and, as it turns out, blind assumption is being made that there is a direct correlation between the North American rig count and production, according to Alan Orr of Helmerich & Payne International Drilling Co. …

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Monobores can save money upfront, but life cycle costs must be considered

Posted on 19 June 2009 in News

Monobore wells have been gaining traction as a cheap “throwaway” option to more conventional well construction, and one company to try them successfully is Tullow Oil. …

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Beware: FCPA will follow US companies anywhere

Posted on 19 June 2009 in News

The Foreign Corrupt Practises Act (FCPA) is arguably the most far-reaching piece of extraterritorial American legislation there has ever been, and it has huge implications for the oil and gas industry, given its global nature. …

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Shell well sets deepwater depth record on Norwegian shelf

Posted on 19 June 2009 in News

A/S Norske Shell has completed the drilling of wildcat well 6603/12-1 in 1,376 m of water – the greatest water depth of any discovery made on the Norwegian shelf to date – the Norwegian Petroleum Directorate announced on 19 June. …

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Rib-steered motor wins Intervention Technology Award

Posted on 19 June 2009 in News

The Intervention & Coiled Tubing Association (ICoTA) awarded Baker Hughes INTEQ its 2009 Intervention Technology Award for the rib-steered motor (RSM) for coil tubing directional drilling. It was presented at the SPE/ICoTA Coiled Tubing and Well Intervention Conference Exhibition in Houston in April. …

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Tonnel named Transocean senior VP, Europe and Africa Unit

Posted on 19 June 2009 in News

David A Tonnel has been named senior vice president, Europe and Africa Unit, of Transocean, effective 1 September. He will report to Rob Saltiel, executive vice president, performance. …

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World Drilling keynote: Tullow taking the long-term, people-based approach

Posted on 18 June 2009 in News

Simplicity of management and valuing people offer the best chances of success, the chief operating officer of Tullow Oil said at the opening of the IADC World Drilling 2009 Conference and Exhibition in Dublin on 17 June. …

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Drilling industry 2007 vs 2009: so similar yet so different

Posted on 18 June 2009 in News

There is a strange sense of déjà vu about the situation that the drilling sector finds itself in today compared with mid-2007, so similar yet at the same time so different, Tom Kellock of ODS-Petrodata told the IADC World Drilling 2009 Conference and Exhibition in Dublin on 17 June. …

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TOTAL outlines strategies for sustaining E&P initiatives in economic crisis

Posted on 18 June 2009 in News

“Costs have gone north, performance has gone south and, while that was happening with an increasing barrel … $150 … we got away with it,” TOTAL’s VP drilling and wells, John Bannerman, warned delegates at the IADC World Drilling 2009 Conference in Dublin on 17 June. …

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