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Global and Regional Markets

UK rig market turns a corner as E&A, development activities rally

After several years of strained cash flows and dim outlooks, things are finally starting to brighten up for drilling contractors in the UK and Norway. They can take comfort in the fact that several key metrics – number of wells drilled, utilization, contract lengths, and perhaps most importantly, dayrates – all indicate the market is heating up...

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Shell sounds the call for industry to collaborate, set foundation for data-centric ways of working

Two Shell engineers issued a “call to arms” at the 2019 Offshore Technology Conference on 7 May for the industry to come together to accelerate the industry’s digital revolution. “We can’t do it alone, and we can’t work in a silo because we’re so interconnected,” said Kiran Krishna, Shell Systems Engineering Architect...

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