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Global and Regional Markets

Modest signs indicate a comeback may be in the offing for Brazil

Industry remains in survival mode, but regulatory reforms and technical innovations are setting the stage for transition toward a brighter future By Jessica Whiteside, Contributor On paper, things look grim in Brazil’s offshore drilling market. Last year’s low rig activity has drifted into 2019, reflecting the slowdown that’s plagued the sector since oil prices tanked and a corruption crisis humbled national oil giant Petrobras. However, industry observers see modest signs the sector is heading for a comeback in the long term, thanks to the country’s ongoing efforts to expand exploration and production opportunities in the pre-salt and beyond. But, first, there will be continuing pain for drilling contractors before the gap closes between the time operators begin assessing their newly ...

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Socar AQS General Director: Both challenges and opportunities abound in Caspian region

The Caspian region is facing multiple challenges as the industry evolves and as companies like Socar AQS drill deeper wells in heavily depleted reservoirs. In this video with DC, Ramin Isayev, General Director for Socar AQS, talks about key opportunities that his company is pursuing to improve operational efficiency by stimulating innovation and embracing new technical advances. Watch the video for more information.

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Emerson opens service center to support Permian Basin oil and gas producers

Emerson has announced the opening of a new $4 million Permian Basin Service Center to bring enhanced oil and gas technologies and services to the fast-growing region. The technology center is the latest investment in Emerson’s efforts to guide customers on their path to digital transformation and train the workforce of the future. Emerson’s new center expands its Permian Basin presence to meet the growing demand for digital technologies to optimize production efficiencies and support producers facing labor and equipment shortages, and address workforce preparedness issues. The 16,000 sq. ft facility provides local access to Emerson’s portfolio of automation solutions spanning from intelligent field devices and instrumentation to control systems, operations management and enterprise management software. The facility also provides ...

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