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OMV: Technology key to halving cost, doubling the number of wells drilled

Posted on 24 June 2014 in Global and Regional Markets, Innovating While Drilling, News, Onshore Advances

From operations onshore Romania to offshore New Zealand, challenges come in all shapes and sizes for OMV E&P, but the Austrian-based operator is…

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Maersk Drilling orders 20K BOP, risers for BP project

Posted on 24 June 2014 in Innovating While Drilling, News, The Offshore Frontier

Maersk Drilling has ordered four BOPs and two risers from GE Oil and Gas that will be used in the Project 20K partnership with BP. The BOPs and risers will be delivered…

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IADC launches KSA Competencies online database

Posted on 24 June 2014 in Drilling It Safely, IADC: Global Leadership, Global Challenges, News

IADC officially kicked off its the IADC Knowledge, Skills and Abilities (KSA) Competencies Program last week at IADC World Drilling 2014 in Vienna. The goal of the project is to…

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KCA Deutag wins land newbuild contract for Brunei Shell

Posted on 23 June 2014 in Global and Regional Markets, News, Onshore Advances

Brunei Shell Petroleum (BSP) has awarded a contract to KCA Deutag’s land division for the construction and operation of a newbuild land rig in Brunei. Bentec will manufacture…

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Derricks & Diamonds raises over $350,000 for cancer research, support

Posted on 20 June 2014 in News

The 2014 Derricks & Diamonds charity softball tournament and gala raised more than $350,000 this year, passing the $2 million mark in total funds donated over the past decade…

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Mapping the future to 2025: Drilling system automatically executes well plan, completion

Posted on 19 June 2014 in Drilling It Safely, Innovating While Drilling, News, The Efficient Rig

A group of multidisciplinary experts from inside and outside the drilling industry has banded together to develop a roadmap for drilling systems automation (DSA). The DSA…

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CSB report: Macondo BOP failed due to unrecognized pipe buckling during well control efforts

Posted on 18 June 2014 in Drilling It Safely, IADC: Global Leadership, Global Challenges, News

The blowout preventer (BOP) that was intended to shut off the flow of high-pressure oil and gas from the Macondo well in the Gulf of Mexico failed to seal the well because…

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Study: Oil & gas boost European government treasuries by over €400B annually

Posted on 18 June 2014 in Global and Regional Markets, IADC: Global Leadership, Global Challenges, News

Oil and gas contribute hundreds of billions of euros to European government revenues every year, a new study shows, highlighting how the industry – far from being subsidized…

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UK approves Premier Oil to develop Catcher area in North Sea

Posted on 12 June 2014 in Global and Regional Markets, News, The Offshore Frontier

Premier Oil has received approval of its Catcher area field development plan from the UK Department of Energy and Climate Change. “The Catcher area development shows that…

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Survey: Investors optimistic on upside potential of natural gas, crude oil pricing

Posted on 05 June 2014 in Global and Regional Markets, News

In an energy sector poll, RBC Capital Markets found that 76% of investors and executives believe that the current $100-plus price levels for crude oil will be sustained or…

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