Archive | Regional Market Trends
Optimizing drilling parameters and drill bit design boosts ROP by 37% in Algerian field
Posted on 08 September 2010 in 2010, Regional Market Trends, September/October
Drilling challenges in the Hassi Messaoud (HMD) oilfield of Algeria have proven to be equal to the magnitude of its production. Historically, wells drilled…
Despite weak spots, contractors see decent prospects in West Africa offshore Angola, Ghana
Posted on 08 September 2010 in 2010, CurrentFeatures, Features, Regional Market Trends, September/October
Despite a general oversupply of offshore rigs globally that is affecting utilization and dayrates in numerous markets, the West Africa region appears to be holding its own with consistent levels of E&P activity…
Asia Pacific jackup, tender markets on the mend: Activities picking up, but no boom yet
Posted on 30 April 2010 in 2010, Features, May/June, Regional Market Trends
Like most of the rest of the world, the Asia Pacific drilling market has had it rough since the global recession began. Discretionary expenditures at many oil companies were hammered, leading to the cancellation or delay of many…
Indonesian 2-well UBD campaign cuts reservoir damage and more in marginal heavy-oil field
Posted on 30 April 2010 in 2010, May/June, Regional Market Trends
The oil from the Ngimbang Carbonate reservoir in Sepanjang Island, East Java, Indonesia, is composed mostly of heavy black oil with a pour point of…
CNPC reorganizes into eight integrated service companies, seeking international market
Posted on 30 April 2010 in 2010, May/June, Regional Market Trends
Surviving in a fluctuating market remains China National Petroleum Company’s (CNPC) main reason for reorganizing in 2008. Emerging with eight new drilling and service…
Mexican, South American fortunes sway with the global tide
Posted on 24 March 2010 in 2010, Features, March/April, Regional Market Trends
Like many oil and gas regions of the world, and the many companies that operate in them, Mexico and many South American countries are not immune to the effects of the global economic downturn…
ExxonMobil/XTO deal augurs strong promise for natural gas
Posted on 14 December 2009 in Land Operations, News, Regional Market Trends
ExxonMobil Corp and XTO Energy Inc announced on 14 December, 2009, an all-stock transaction valued at $41 billion. The acquisition agreement, which…
Chukchi Sea drilling plan gets conditional OK
Posted on 08 December 2009 in Global Market Trends, Legislative & Regulatory Affairs, News, Regional Market Trends
The US Minerals Management Service (MMS) has conditionally approved Shell Gulf of Mexico’s plan to drill three exploratory, information-gathering wells…
Innovative logging technique boosts productivity for Chevron Thailand
Posted on 24 November 2009 in Downhole Technologies, News, Offshore Operations, Regional Market Trends
Under rig floor logging (URFL) is a technique pioneered by Chevron Thailand that has improved drilling efficiency…
Ensuring competency: Are we teaching solutions or just answers?
Posted on 24 November 2009 in HSE & Training, News, Regional Market Trends, Well Control
“This guy has to pass or he can’t go back to the rig” is a blunt remark occasionally made to Glenn Potter, well control instructor with Equilibria Services, when…
Recent News
31 August 2010
Pride dedicates Deep Ocean Clarion drillship
Pride International, Inc. on 25 Aug dedicated the second of its four new deepwater drillships, the Deep Ocean Clarion at Samsung Heavy Industries...
31 August 2010
Approval delays, dispute on flow calculations stall shallow-water drilling permits
The staff of the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM) is being strained to...
31 August 2010
WellCAP designed to advance competency, BOEM officials told
IADC’s internationally recognized well-control training programs are designed to develop competency, IADC Director-Accreditation & Certification...
31 August 2010
Quote of the week
“There is no advantage to the moratorium for anyone.” IADC President Lee Hunt, in an interview on CNBC Power Lunch, 25 August, 2010
31 August 2010
DC numbers
89: percentage of working Americans in industries with higher injury rates than oil and gas extraction. Only commercial banking, insurance carriers and certified public accountants fare better...
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