Archive | News
Hoffman: Industry should view people shortage as opportunity, not challenge
Posted on 27 November 2013 in Global and Regional Markets, News, The Offshore Frontier
The people shortage is looming large in the drilling industry, and it’s an issue that can’t wait any longer, Kurt Hoffman…
Gallegos: Record-setting AC-drive rigs reduce cycle times, drilling costs
Posted on 27 November 2013 in Drilling It Safely, Global and Regional Markets, News, Onshore Advances, The Efficient Rig
Since 2008, many supermajors, large independents and even NOCs have increased their focus on land…
Customizable well stimulation vessel targets Gulf of Mexico shelf
Posted on 27 November 2013 in Completing the Well, Global and Regional Markets, News, The Offshore Frontier
Additional capacity on a new stimulation vessel dedicated to the Gulf of Mexico (GOM) will allow multiple treatments for well stimulation, fracturing and…
Study: EU domestic shale gas production could add a million jobs
Posted on 25 November 2013 in Global and Regional Markets, News
New industry research has quantified for the first time how much Europe’s economy could benefit from domestic shale gas production. The development of shale gas in…
Tullow Oil discovers oil onshore Northern Kenya
Posted on 25 November 2013 in Global and Regional Markets, News
Tullow Oil’s Agete-1 exploration well in Block 13T onshore Northern Kenya has discovered and sampled moveable oil with an estimated 100 m of net oil pay in good …
Williams will succeed Miller as chairman, CEO of NOV
Posted on 22 November 2013 in News
Merrill A. “Pete” Miller will step down from both his chairman and CEO positions at National Oilwell Varco (NOV), the company recently announced. Mr Miller’s decision …
Gas production begins from UK Jasmine field
Posted on 21 November 2013 in Global and Regional Markets, News, The Offshore Frontier
The Jasmine field in the UK North Sea has started gas production. Jasmine was discovered in 2006 by ConocoPhillips as operator (36.5%), together with its co-venturers Eni…
Ensco orders fourth ultra-premium, harsh environment jackup of ENSCO 120 series
Posted on 20 November 2013 in News, The Efficient Rig
Ensco has ordered a fourth ultra-premium, harsh environment jackup, the ENSCO 123, for delivery in Q2 2016, the company announced today. This will extend the company’s …
Seadrill’s West Auriga drillship begins development drilling for BP in GOM
Posted on 19 November 2013 in Global and Regional Markets, News, The Offshore Frontier
Seadrill’s new ultra-deepwater drillship, the West Auriga, recently began development drilling work at BP’s Thunder Horse field in deepwater Gulf of Mexico (GOM). …
Exclusive video: Energy reforms could shake up Mexican market
Posted on 13 November 2013 in Global and Regional Markets, News, Videos
Mexico’s Congress is expected to vote soon on whether to reform its Constitution to open the country’s economy to foreign oil and gas companies…
Recent Drilling News
11 December 2013
Study: Development offshore US Atlantic could add $195 billion in investment
Approximately 85% of acreage in federal offshore waters is inaccessible to offshore oil and natural gas...
11 December 2013
PDC cutter geometry improves ROP, increases footage drilled by 37%
The latest innovation in PDC cutters has improved ROP by 10% and footage drilled by 37% in the Cana Woodford...
11 December 2013
Oil, gas discovery proves additional resources in the Johan Castberg area
Statoil, with partners Eni Norge and Petoro, made an oil and gas discovery in the Skavl prospect in PL532...
11 December 2013
BG Group raises Tanzania resources to 15 Tcf
BG Group has increased total recoverable resources for the Mzia discovery and across Blocks 1, 3 and 4 offshore southern Tanzania, marking the conclusion...
06 December 2013
Statoil makes natural gas discovery offshore Tanzania
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...