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Honghua Group highlights natural gas solutions for shale-drilling industry

Posted on 28 May 2014 in Global and Regional Markets, News, Onshore Advances, OTC

Comparing the state of the Chinese shale gas industry today to the state of the US market back in 2005 to 2006, Honghua Group Chairman and CEO Zhang Mi said he believes…

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Seadrill, North Atlantic Drilling partner with Rosneft to access Russian market

Posted on 27 May 2014 in Global and Regional Markets, News

North Atlantic Drilling Ltd (NADL) and Seadrill have executed an investment and cooperation agreement with Rosneft to pursue growth opportunities offshore and onshore in the…

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Tullow: Shimela-1 well onshore Ethiopia encountered water-bearing reservoirs

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

The Shimela-1 well in the South Omo Block onshore Ethiopia was drilled to test a prospect in a northwestern sub-basin of the vast Chew Bahir basin. The frontier wildcat well…

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Hercules, Maersk Oil sign 5-year deal for newbuild jackup

Posted on 22 May 2014 in Global and Regional Markets, News, The Offshore Frontier

Hercules Offshore has signed a five-year drilling contract with Maersk Oil North Sea UK for a newbuild jackup to be owned and operated by Hercules Offshore. Total contract…

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Lawler: Independents led US shale revolution, will play key role globally as well

Posted on 21 May 2014 in Global and Regional Markets, News, Onshore Advances

Under a new corporate strategy focused on financial discipline, Chesapeake Energy expects to stay at an operational level of approximately 60 to 80 rigs per day, CEO Doug…

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IADC North Sea Chapter recognizes best in safety performance

Posted on 21 May 2014 in Drilling It Safely, IADC: Global Leadership, Global Challenges, News

The IADC North Sea Chapter recognized the best in safety performance at its annual Safety Awards Ceremony held in Aberdeen on 16 May. Northern Offshore and Noble Drilling were recognized in the jackup…

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OSHA: Collaboration paves path to culture of safety

Posted on 21 May 2014 in Drilling It Safely, Exclusive Video, IADC: Global Leadership, Global Challenges, News, Uncategorized

Dr David Michaels, Assistant Secretary of Labor for OSHA, praised the onshore oil and gas industry for continuing to promote a culture of safety through collaboration. In this…

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Market analysis: Oil supply growth triggers worries while gas sector looks tight

Posted on 21 May 2014 in News, Videos

Raymond James & Associates forecasts that global oil prices will be structurally challenged over the next few years but expects natural gas prices to stay near the $4.50 to…

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Shale boom breathes new life into IADC Permian Basin Chapter

Posted on 21 May 2014 in IADC: Global Leadership, Global Challenges, News, Videos

The IADC Permian Basin Chapter is undergoing a renaissance, driven by a continued resurgence of drilling activity. As chapter chairman, Paul Norman, general manager at JB…

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IADC monitoring proposed regulations around social cost of carbon

Posted on 21 May 2014 in IADC: Global Leadership, Global Challenges, News, Videos

Bill Tanner, IADC VP of Government and Regulatory Affairs, spoke with DC at the 2014 IADC Drilling Onshore Conference in Houston on 15 May about IADC’s current legislative…

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