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Petrobras’ domestic oil production tops 2 million bbl/day in June

Posted on 22 July 2014 in Completing the Well, Global and Regional Markets, News, The Offshore Frontier

Petrobras’ June oil production in Brazil averaged 2 million bbl/day (bpd), a 1.7% increase from May’s production of 1.9 million bpd. In addition, the production operated…

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Precision, Schlumberger partner to boost industrialization of North American unconventional drilling

Posted on 22 July 2014 in Drilling Rigs & Automation, Innovating While Drilling, News, Onshore Advances

Precision Drilling has entered into a strategic technology and service agreement and marketing alliance with Schlumberger. Utilizing Precision’s Tier 1 drilling rigs and…

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Easternwell to manage delivery of onshore servicing rig for Brunei

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

Australia’s Easternwell, a subsidiary of Transfield Services, has expanded internationally through an agreement with Flux O.S. SDN BHD (Flux), a Bruneian oil and gas company…

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BOEM lease sale to offer 21 million acres in Gulf of Mexico for oil, gas development

Posted on 21 July 2014 in Global and Regional Markets, News, The Offshore Frontier

The US Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank will offer more than 21 million acres offshore Texas for oil and gas exploration and development…

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Large-diameter Ball Type Safety Valves delivered for MWCC containment system

Posted on 21 July 2014 in Drilling It Safely, News, The Offshore Frontier

TIW Corp has completed and delivered two large-diameter Ball Type Safety Valves to Marine Well Containment Company (MWCC) for use with its expanded containment system. The class…

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First well in North Sea’s PL 507 turns up dry

Posted on 21 July 2014 in News, The Offshore Frontier

Tullow Oil Norge, operator of the production license PL 507, did not encounter hydrocarbons in the Lupus exploration well (31/10-1), which will now be plugged and abandoned…

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JIP to develop next generation of subsea production equipment

Posted on 21 July 2014 in Innovating While Drilling, News, The Offshore Frontier

FMC Technologies has established a joint industry program (JIP) that brings four operators – Anadarko Petroleum, BP, ConocoPhillips and Shell – together to jointly develop…

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Silica dust-prevention proppant test wells completed in Colorado

Posted on 21 July 2014 in Drilling It Safely, Innovating While Drilling, News

Preferred Technology, an affiliate of Preferred Sands, recently completed a series of DustPRO proppant pilot wells in Colorado. Third-party industrial hygiene results…

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Deloitte report shows a drop in North Sea deals, drilling

Posted on 18 July 2014 in Global and Regional Markets, News, The Offshore Frontier

Oil and gas companies may be adopting a “wait-and-see” approach before making further investment decisions in the North Sea, according to a new report published today by…

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Noble Corp Board of Directors approves spinoff of Paragon Offshore

Posted on 16 July 2014 in News, The Offshore Frontier

Noble Corp has approved the spinoff of Paragon Offshore, a subsidiary of Noble, through a pro-rata distribution of an aggregate of 84,753,393 Paragon…

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