Archive | News

BP, SOCAR to explore shallow water Absheron Peninsula

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

BP and SOCAR signed signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula…

PrintFriendlyShare This

Comments (0)

Saudi Aramco: Four factors for a sustainable drilling business

Posted on 17 December 2014 in Global and Regional Markets, News

Despite the modest growth in demand and drop in oil prices today, the long-term outlook for industry is healthy. “Our industry will need to add around 40 million bbl per day for new capacity…

Comments (0)

Ensco development program produces driller in 3 years

Posted on 16 December 2014 in Drilling It Safely, Global and Regional Markets, News

Ensco’s Accelerated Development Program (ADP) takes a “green” individual and, within a three-year period, trains them to become a driller. In response to personnel shortages in various areas, including drilling…

Comments (0)

Saudi Aramco: ‘Industry cannot afford to lose talent when the economy is down’

Posted on 16 December 2014 in Drilling It Safely, News, Videos

Industry is facing a human resources challenge in two areas: the ageing workforce and the shortage of skills, Mohammed Al Sellemi…

Comments (0)

Nanotechnology has potential to improve tool performance in extreme environments

Posted on 16 December 2014 in Innovating While Drilling, News, Videos

In terms of temperature stability and corrosion, tools have limitations, especially in extremely challenging drilling environments. Jothibasu Ramasamy…

Comments (0)

Colville: WCI provides forum to evaluate practical, economical advances in well control practices

Posted on 16 December 2014 in IADC: Global Leadership, Global Challenges, News, Videos

Major players throughout industry are joining forces under the Well Control Institute (WCI). The mandate of WCI is “to provide the definitive forum…

Comments (0)

Shell simulator program addresses individuals’ capacity for high-stress environments

Posted on 16 December 2014 in Drilling It Safely, News

Training is key to ensuring personnel are capable of performing their jobs and know how to respond during unplanned events. “But what about capacity?”…

Comments (0)

IADC’s Southern Arabian Peninsula Chapter addresses safety, local content issues

Posted on 16 December 2014 in Global and Regional Markets, IADC: Global Leadership, Global Challenges, News, Videos

IADC’s Southern Arabian Peninsula Chapter (SAPC) has expanded its reach in the last year with subcommittees to address regional challenges, such as competency…

Comments (0)

BP’s Krieger: Continued collaboration in people, equipment and processes key to enhancing well control

Posted on 16 December 2014 in Drilling It Safely, IADC: Global Leadership, Global Challenges, News

The industry has taken significant actions to enhance well control. Now, it must continue that momentum to further advance these…

Comments (0)

Eni completes production test on Minsala Marine 1 exploration well offshore Congo

Posted on 16 December 2014 in Global and Regional Markets, News, The Offshore Frontier

Eni has successfully completed the production test on the Minsala Marine 1 NFW, located in the Marine XII Block offshore Congo, 35 km from the shoreline and 12 km…

Comments (0)

Recent Drilling News

  • 26 March 2015

    Wood Mackenzie: Falling costs to soften blow of slashed exploration budgets

    Exploration budget cuts in 2015 will average 30%, but that will be matched by an approximately equal fall in exploration costs...

  • 25 March 2015

    C&J Energy Services merges with Nabors’ completion/production services

    C&J Energy Services, (C&J) and Nabors Industries (Nabors) announced the completion of the combination of C&J with Nabors’ completion...

  • 25 March 2015

    Douglas-Westwood: Oilfield services expenditure to decline by 30% in 2015

    Global oilfield services (OFS) markets are facing difficult headwinds as a function of commodity prices...

  • 25 March 2015

    IOGP-sponsored human factors survey seeks participants online

    The International Association of Oil & Gas Producers (IOGP) is sponsoring a survey to assess the current extent and use of non-technical skills behaviors in well operations...

  • 19 March 2015

    Statoil, Halliburton establish Fast Track process to economically develop smaller North Sea fields

    To economically develop smaller fields in the North Sea, Statoil and Halliburton initiated the Fast Track project that aimed...

  • Read more news

    FEATURED MICROSITES