Archive | Global Market Trends
Drilling optimization enhances development of harsh-environment East Shetland fields
Posted on 12 July 2010 in Global Market Trends, July/August
New operator in the North Sea EnQuest PLC, which acquired Petrofac Energy Developments Ltd, faced a daunting first drilling project in the northern-most reaches of the…
NPD: Norway looks to natural gas, increased exploration, EOR techniques to boost production
Posted on 12 July 2010 in Global Market Trends, July/August
Norwegian oil production may have been on the downslide since the early 2000s, but the country is confident it can make up for that decline by boosting production of…
North Sea discoveries: UK’s Tybalt, Catcher, Norway’s Draupne, Beta among hot prizes
Posted on 12 July 2010 in Global Market Trends, July/August
These are tough times for the North Sea. Even though oil prices are reasonably buoyant, the situation for natural gas is less positive. Coupled with multiple impacts from the…
Maersk: Helping operators get the max out of modern rig fleet to be focus in 2010
Posted on 12 July 2010 in Features, Global Market Trends, July/August
Providing another take on the Norwegian drilling market is Martin Fruergaard, Maersk Drilling vice president and chief commercial officer. He believes that the drilling market in Norway has seen only a limited…
Seadrill: With Statoil active again, Norwegian market looking up for 2010
Posted on 12 July 2010 in Features, Global Market Trends, July/August
In the Norwegian segment of the European drilling market, Statoil is a true giant. If it stamps one foot, the whole region will shake and tumble. In late 2008, when recession hit the global economy…
Managing exploration risks with trained intuition
Posted on 04 February 2010 in 2010, Global Market Trends, January/February, Opinion
Critical D&C issues with Susan Cunningham, Noble Energy. Risk management is what we do all the time, just by definition with exploration. My view of risk management is that it’s a disciplined process, and you can’t go by gut feeling. Gut feel is the road to…
To be competitive, rigs must go the extra mile
Posted on 04 February 2010 in 2010, Global Market Trends, January/February, Opinion
Critical D&C issues with Siegfried Meissner, president of Nabors International. DC: What are the critical issues the contract drilling industry is facing, and how is Nabors meeting those challenges? The hot spots that I see coming back in…
Control systems integration an ongoing challenge
Posted on 04 February 2010 in 2010, Automation, Deepwater Operations, Global Market Trends, January/February, Offshore Operations, Opinion
Critical D&C issues with Tim Juran, Seadrill Americas. Seadrill has delivered eight modern, highly sophisticated deepwater newbuilds in the last 15-18 months. What are the key challenges you’ve faced in doing that? …
Automation’s learning curve must be overcome
Posted on 04 February 2010 in 2010, Automation, Global Market Trends, January/February, Land Operations, Opinion, Rig Equipment
Critical D&C issues with Ed Kautz, Ensign Energy Services. Implementing automation technologies and equipment on land drilling rigs is still not universally accepted. Are you a believer in technology and automation? …
Top drives key to better jackup performance
Posted on 04 February 2010 in 2010, Automation, Global Market Trends, HSE & Training, January/February, Land Operations, Offshore Operations, Opinion
Matt Ralls is president and CEO of Rowan Companies. He is also the 2010 IADC vice chairman. What do you see as some of the most critical technology challenges facing the drilling and completion industry today? Rowan is a jackup and…
Recent News
09 September 2010
DOI team completes review of offshore oil, gas oversight, regulation
US Secretary of the Interior Ken Salazar announced today that a team led by senior officials in the Department of...
09 September 2010
Chevron to expand West Africa presence with entry to Liberian deepwater
Chevron has been granted approval by the Liberian government to acquire a 70% interest and operatorship...
09 September 2010
Marathon to repair 4th Droshky well in 2011
Marathon Oil’s Droshky development in the deepwater Gulf of Mexico began operations on time and under budget on 15 July and has since ramped up...
09 September 2010
Pride, BP agree on standby rate for drillship in Gulf of Mexico
Pride International has reached agreement with BP to amend the contract for the Deep Ocean Ascension to provide for a special standby dayrate...
09 September 2010
Appraisal well extends Kraken success in UK North Sea
The Kraken appraisal well, 9/02b-4, on block 9/2b in the UK Central North Sea has been drilled to 4,502 ft MD, Nautical Petroleum announced today...
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