Archive | News

ExxonMobil to add 17,800 net acres in Permian Basin

Posted on 19 September 2014 in Global and Regional Markets, News, Onshore Advances

ExxonMobil has entered an agreement with LINN Energy to add 17,800 net acres in the Permian Basin to its US oil and natural gas portfolio managed by subsidiary XTO Energy. In the exchange, LINN Energy will…

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Eni discovers oil onshore Ecuador

Posted on 19 September 2014 in Global and Regional Markets, News

Eni has made a significant oil discovery in Ecuador at the Oglan-2 exploration well located in Block 10, approximately 260 km southeast of Quito Early estimates suggest that the Oglan discovery potentially contains about 300 million bbl of oil in place. The well…

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Keithville Well Drilling to deploy new Schramm rig to Haynesville

Posted on 18 September 2014 in News, Onshore Advances, The Efficient Rig

Keithville Well Drilling, a Louisiana-based drilling company, has purchased and accepted delivery of the Schramm T250XD, a land-based rig designed for shale drilling. The company plans to deploy the rig to…

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Wild Well launches Singapore-based capping stack

Posted on 18 September 2014 in Drilling It Safely, News

Wild Well Control, a Superior Energy Services company, has unveiled its new subsea capping stack, located in Singapore. It is part of Wild Well’s comprehensive emergency…

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US Treasury announces expanded sanctions with Russian companies

Posted on 15 September 2014 in News

US Treasury Secretary Jacob J. Lew has announced that persons operating within Russia’s defense and related materiel sector may now be subject to targeted sanctions…

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Cameron elects Scott Rowe as President and COO

Posted on 11 September 2014 in News

Scott Rowe will assume the newly created position of President and COO of Cameron, effective 1 October 2014. In his new role, he will report directly to Jack Moore, Chairman and CEO of the company…

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Statoil, GE and Ferus Natural Gas Fuels expand flare gas solution in Bakken

Posted on 11 September 2014 in Drilling It Safely, News, Onshore Advances, The Efficient Rig

A joint venture of GE and Ferus Natural Gas Fuels (Ferus NGF), along with Statoil plan to expand a pilot project to capture flare gas and use it to power up to six…

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6 elements of successful collaboration among NOCs, IOCs, service companies

Posted on 10 September 2014 in News

The oil and gas landscape is shifting, with the continuing growth of NOCs and the industry going toward unconventional resources and new frontiers…

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PTTEP: NOCs, IOCs and service companies must combine strengths to overcome challenges

Posted on 09 September 2014 in Drilling It Safely, Global and Regional Markets, News, Videos

As assets become more mature and operations become more complex, industry is challenged with finding economical and environmentally friendly operating strategies…

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Revitalized IADC Southeast Asia Chapter unites companies to address regional issues

Posted on 09 September 2014 in Global and Regional Markets, IADC: Global Leadership, Global Challenges, News, Videos

The IADC Southeast Asia Chapter hosted its first meeting on 24 August after being dormant for more than five years. The need to address regional issues as a cohesive group…

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