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People issues contribute to project delays, cost overruns

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

Australia’s gas boom has prompted forecasts that it will overtake Qatar as the world’s biggest LNG exporter by 2020. The Australasian region has witnessed an unprecedented…

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Rowan elects Thomas Burke as new CEO; appoints Matt Ralls executive chairman of board

Posted on 28 April 2014 in Global and Regional Markets, News

Rowan Companies has elected Dr Thomas P. Burke as the CEO and appointed W. Matt Ralls as Executive Chairman of the Board along with Sir Graham Hearne as new Lead Director of the…

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Premier makes oil, gas discovery offshore Indonesia

Posted on 28 April 2014 in Drilling It Safely, Global and Regional Markets, News

Premier Oil has made an oil and gas discovery in the Kuda Laut-1 well in Tuna PSC offshore Indonesia. Oil and gas samples were recovered to surface and discovered 183 ft…

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Songa sells 2 rigs, establishes joint venture with Opus Offshore; Ensco sells jackup

Posted on 25 April 2014 in Global and Regional Markets, News, The Offshore Frontier

Songa Offshore has entered into an agreement with Opus Offshore Group for the sale of two rigs and establishment of a joint venture drilling management company, the Songa-Opus…

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Baker Hughes and Aker Solutions form subsea production alliance

Posted on 24 April 2014 in News

Baker Hughes and Aker Solutions have formed an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for…

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Noble names Steven Manz as Senior VP And CFO of Paragon Offshore

Posted on 22 April 2014 in Global and Regional Markets, News

Steven A. Manz will serve as Senior VP and CFO of Noble Corp’s spinoff company Paragon Offshore, a standard specification offshore drilling company, Noble announced today…

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Shell makes deepwater gas discovery offshore Malaysia

Posted on 17 April 2014 in Global and Regional Markets, News, The Offshore Frontier

Shell has made an exploration discovery offshore Malaysia in the Rosmari-1 well located 135 km offshore Malaysia in Block SK318. The well was drilled to a total depth of 2,123…

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Maersk Drilling takes delivery of ultra-deepwater drillship

Posted on 16 April 2014 in News, The Offshore Frontier

Maersk Drilling has taken the delivery of its second drillship, Maersk Valiant from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea. Maersk Valiant has begun its voyage toward the…

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Ensco orders new jackups from Lamprell

Posted on 16 April 2014 in Global and Regional Markets, News

Ensco has ordered two high-specification jackups, ENSCO 140 and ENSCO 141, for delivery in mid-2016 from Lamprell’s shipyard in the United Arab Emirates. The rigs will also…

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MPD/UBD successfully drills sidetrack after 6 failed conventional drilling attempts

Posted on 16 April 2014 in Completing the Well, Drilling It Safely, Global and Regional Markets, News

In the Brookeland Field in East Texas, conventional drilling methods failed in six attempts to drill a “straightforward” horizontal wellbore. The original well had surface casing installed…

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