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DNV GL introduces recommended practice for subsea lifting

Posted on 02 December 2014 in Drilling It Safely, News, The Offshore Frontier

The completion of a joint industry project (JIP) to improve existing standards and regulations around subsea lifting operations has resulted in a new recommended practice (RP)…

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Liner-less spill containment improves environmental performance, minimizes costs

Posted on 02 December 2014 in Drilling It Safely, News, Videos

A new liner-less spill containment system helps to reduce contamination risks, improve on-site safety and minimize costs. Newpark Mats…

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Ensco announces management changes, promotes Carey Lowe to Executive VP

Posted on 02 December 2014 in News

Carey Lowe has been promoted to Executive Vice President of Ensco, reporting directly to CEO and President Carl Trowell. Mr Lowe will be…

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Occidental Petroleum completes spinoff of California Resources Corp

Posted on 01 December 2014 in News

Occidental Petroleum Corp has completed the spinoff of its subsidiary California Resources Corp. California Resources is an independent oil and natural gas E&P company…

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Sarni: Industry has opportunity to do more with less water

Posted on 01 December 2014 in Drilling It Safely, Innovating While Drilling, News, Videos

While some analysts are projecting a 40% shortfall in water supply by 2030, the oil and gas industry is doing what it does best – innovate. “You’re seeing a lot of technology innovation – using less water, recycling, reusing…

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Analyst: Low oil prices likely to delay upstream developments in northwest Europe

Posted on 01 December 2014 in Global and Regional Markets, News

With oil prices falling to a four-year low, the development of two frontier basins in northwest Europe, the Barents Sea and the West of Shetland (WoS)…

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US EIA: Increase in energy demand requires 33 million bbl/day more oil

Posted on 26 November 2014 in Global and Regional Markets, News, Videos

The world is going to need one-third more oil between 2010 and 2040, with developing countries, such as China and India, accounting for a major portion in the increase in…

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Prescriptive Analytics prescribes how to complete wells to maximize production

Posted on 25 November 2014 in Completing the Well, Innovating While Drilling, News, Videos

“Big data” is taking on a new role in industry, where companies are combining the findings from geology and geophysics with new data collected from advanced technologies…

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Petrobras completes drilling first appraisal well in Libra Consortium

Posted on 25 November 2014 in Global and Regional Markets, News, The Offshore Frontier

Petrobras recently completed drilling the first appraisal well in the Libra area, the 3-BRSA-1255 (3-RJS-731), known as NW1. Located in the Northwest portion of the Libra block, in the pre-salt layer of the…

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Ensign secures contracts for 2 ADR 1500S pad drill rigs in Montney area

Posted on 24 November 2014 in Global and Regional Markets, News, Onshore Advances

Ensign Energy Services has signed contracts for two of its new ADR 1500S pad drill rigs for a major operator in the Montney area of northeast British Columbia…

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