Archive | News
Hannon Westwood report: Activity fell in UK, flourished in Norway in 2014
Posted on 20 January 2015 in Global and Regional Markets, News, The Offshore Frontier
In 2014, activity levels in the UK and Norwegian sectors continued to diverge, with Norway seeing consistently high activity levels that were not replicated in the UK…
Eni awarded three-year extension in Angola, starts production from Lucius in GOM
Posted on 19 January 2015 in Global and Regional Markets, News
Eni has obtained a three-year extension to the exploration period of Block 15/06, located offshore Angola approximately 350 km northwest of Luanda and 130 km east…
ExxonMobil begins production from Arkutun-Dagi in Sakhalin
Posted on 19 January 2015 in Global and Regional Markets, News, The Offshore Frontier
ExxonMobil announced that production has begun at the Sakhalin-1 project’s Arkutun-Dagi field – the last of the three fields to be developed. Peak daily production from the field is expected…
Enhanced Drilling taking RMR to deeper waters on NCS
Posted on 14 January 2015 in News, The Offshore Frontier
A major operator has signed a four-year contract with Enhanced Drilling for its Riserless Mud Recovery (RMR) and Cuttings Transportation Systems (CTS)…
Exclusive video: Re-fracturing, rejuvenation may provide relief in current economic climate
Posted on 13 January 2015 in Exclusive Video, Innovating While Drilling, News, Videos
With oil prices down, operators are actively seeking solutions to maintain or increase production at relatively low costs…
Petrobras discovers oil accumulation in the Sergipe Basin Farfan area
Posted on 09 January 2015 in Global and Regional Markets, News, The Offshore Frontier
Petrobras found light oil and gas in the Farfan area after drilling a well in the Sergipe Basin ultra-deep waters. The results confirm predictions made in the region…
Eni extends contract with Ocean Rig Poseidon
Posted on 08 January 2015 in Global and Regional Markets, News, The Offshore Frontier
Ocean Rig announced an agreement with ENI Angola, to extend the contract for the Ocean Rig Poseidon drillship for one year, until Q2 2017. As part of the contract…
Maersk Training signs training agreement with Transocean
Posted on 08 January 2015 in Drilling It Safely, Global and Regional Markets, News
Maersk Training will be responsible for administration of all and delivery of certain training for Transocean’s offshore crew for at least five years…
ADCO: Safer rigs paramount to drilling growth in Middle East
Posted on 07 January 2015 in Drilling It Safely, Global and Regional Markets, IADC: Global Leadership, Global Challenges, News
Although drilling contractors in the Middle East have made significant strides in safety, future rig expansion will depend on the ability of industry leaders to cultivate even safer work environments…
Malaysian minister urges industry to look to long term amid falling oil prices
Posted on 06 January 2015 in Global and Regional Markets, News
As the Malaysian government works toward an economy with sustainable growth, diversification of national revenues continues to play a critical role..
Recent Drilling News
30 January 2015
Chevron, BP, ConocoPhillips advancing Paleogene discoveries in deepwater GOM
Chevron and BP will collaborate with ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon...
29 January 2015
PetroQuip deploys BigFoot toe sleeve in Anadarko Basin
PetroQuip Energy Services successfully implemented its revolutionary toe sleeve, BigFoot, in a recent horizontal completion for an independent operator...
27 January 2015
US EIA: Lower 48 oil production outlook stable despite expected rig count reduction
The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, according...
27 January 2015
Hess announces 2015 capital, exploratory budget
Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources...
26 January 2015
Young professionals program at SPE/IADC Drilling Conference to target future leaders of the industry
The oil and gas industry is constantly looking to the future. Whether this comes in the form of pushing the limits of pressure...