May/June Archives - Èý•NÌåÓý /2017/mayjun2017 Get the latest oil drilling news with Èý•NÌåÓý Tue, 25 Jul 2017 14:24:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 202015461 Drilling Ahead: Study: ‘Keep It in the Ground’ will trash economy /drilling-ahead-study-keep-it-in-the-ground-will-trash-economy-42500 /drilling-ahead-study-keep-it-in-the-ground-will-trash-economy-42500#respond Tue, 25 Apr 2017 19:15:16 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=42500 Following the no-new-fossil-fuel scheme of the Keep It in the Ground (KIG) movement would trash the economy, slash jobs and catapult energy prices into the stratosphere, a new study sponsored by the American Petroleum Institute (API) reveals...

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]]> /drilling-ahead-study-keep-it-in-the-ground-will-trash-economy-42500/feed 0 42500 Drilling & Completion News /drilling-completion-news-29-42502 /drilling-completion-news-29-42502#respond Tue, 25 Apr 2017 19:15:16 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=42502 Bluewhale 1, an ultra-deepwater semisubmersible built by Yantai CIMC Raffles Offshore, has been named and delivered in Yantai, China. As the first turnkey project for a Chinese offshore ultra-deepwater field, Bluewhale 1 will be operated by China National Petroleum Offshore and Bluewhale Offshore, a subsidiary of CIMC...

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]]> /drilling-completion-news-29-42502/feed 0 42502 Glimmer of optimism as offshore learns to do more with less /glimmer-of-optimism-as-offshore-learns-to-do-more-with-less-42505 /glimmer-of-optimism-as-offshore-learns-to-do-more-with-less-42505#respond Tue, 25 Apr 2017 19:15:16 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=42505 Signs of recovery – even if only slight – are afoot in the offshore drilling industry. Companies have learned to do more with less, with exploration drilling costs falling by 50% and development drilling costs falling by 30% over the past two years, according to Wood Mackenzie...

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]]> /glimmer-of-optimism-as-offshore-learns-to-do-more-with-less-42505/feed 0 42505 Project management approach to DWOP exercise provides a more holistic view of rig performance /project-management-approach-to-dwop-exercise-provides-a-more-holistic-view-of-rig-performance-42536 /project-management-approach-to-dwop-exercise-provides-a-more-holistic-view-of-rig-performance-42536#respond Tue, 25 Apr 2017 19:14:05 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=42536 The drill well on paper (DWOP) exercise is an accepted tool for use in planning an offshore well and in post-drilling analyses. However, given accelerated advances in drilling systems and operational practices, does the DWOP methodology of strictly analyzing fixed line-item data adequately capture non-apparent flat time?...

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]]> /project-management-approach-to-dwop-exercise-provides-a-more-holistic-view-of-rig-performance-42536/feed 0 42536 ABS survey highlights safety concerns over wear on jacking gear of jackups over 30 years old /abs-survey-highlights-safety-concerns-over-wear-on-jacking-gear-of-jackups-over-30-years-old-42548 /abs-survey-highlights-safety-concerns-over-wear-on-jacking-gear-of-jackups-over-30-years-old-42548#respond Tue, 25 Apr 2017 19:14:05 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=42548 Concerns have been raised in the offshore industry about wear on jacking gears that could have serious safety consequences to operations...

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]]> /abs-survey-highlights-safety-concerns-over-wear-on-jacking-gear-of-jackups-over-30-years-old-42548/feed 0 42548 Operators, contractors ready to make a splash in the Mexican Gulf of Mexico following successful deepwater auction, farm-out /operators-contractors-ready-to-make-a-splash-in-the-mexican-gulf-of-mexico-following-successful-deepwater-auction-farm-out-42553 /operators-contractors-ready-to-make-a-splash-in-the-mexican-gulf-of-mexico-following-successful-deepwater-auction-farm-out-42553#respond Tue, 25 Apr 2017 19:14:05 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=42553 Once upon a time, when the industry talked about the Gulf of Mexico (GOM), it was almost always in reference to the US GOM. The Mexican side was a closed market – not a place for dynamic changes, it seemed...

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]]> /operators-contractors-ready-to-make-a-splash-in-the-mexican-gulf-of-mexico-following-successful-deepwater-auction-farm-out-42553/feed 0 42553 US onshore continues ramp-up, but dayrates remain near bottom /us-onshore-continues-ramp-up-but-dayrates-remain-near-bottom-42560 /us-onshore-continues-ramp-up-but-dayrates-remain-near-bottom-42560#respond Tue, 25 Apr 2017 19:14:05 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=42560 After more than a year in free fall, the US land rig count hit bottom with a monthly average of 379 in May 2016. Since then, however, the trend has been reversing. In the following month, the US land rig count rose slightly to an average of 392. By late March 2017, it had reached 747...

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]]> /us-onshore-continues-ramp-up-but-dayrates-remain-near-bottom-42560/feed 0 42560 Petrobras finds success in using adapted MPD techniques for deepwater completions operations /petrobras-finds-success-in-using-adapted-mpd-techniques-for-deepwater-completions-operations-42588 /petrobras-finds-success-in-using-adapted-mpd-techniques-for-deepwater-completions-operations-42588#respond Tue, 25 Apr 2017 19:14:05 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=42588 Brazilian oil and gas production has progressively migrated to offshore areas during the past decades, with the most prolific plays being found in the Campos Basin deepwater blocks. This scenario has led to significant technology development and application, turning Petrobras into one of the most experienced deepwater operators...

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]]> /petrobras-finds-success-in-using-adapted-mpd-techniques-for-deepwater-completions-operations-42588/feed 0 42588 Noble Drilling develops electrically operated BOP with reduced system complexity, increased reliability /noble-drilling-develops-electrically-operated-bop-with-reduced-system-complexity-increased-reliability-42519 /noble-drilling-develops-electrically-operated-bop-with-reduced-system-complexity-increased-reliability-42519#respond Tue, 25 Apr 2017 19:14:05 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=42519 Game-changing technologies often take years to incubate. In the case of Noble Drilling’s new electrically operated blowout preventer (eBOP), the journey from idea to reality has taken more than a decade, but the company believes the industry is now ripe for this kind of disruptive technology...

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]]> /noble-drilling-develops-electrically-operated-bop-with-reduced-system-complexity-increased-reliability-42519/feed 0 42519 Modifications of Jones Act rulings would be costly for US, industry /modifications-of-jones-act-rulings-would-be-costly-for-us-industry-42525 /modifications-of-jones-act-rulings-would-be-costly-for-us-industry-42525#respond Tue, 25 Apr 2017 19:14:05 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=42525 The API is predicting far-reaching consequences from modifications being proposed by the US Customs and Border Protection Agency (CBP) relating to decades of Jones Act rulings. In a report released on 4 April, the organization concluded that modifying such rulings, which pertain to the use of Jones Act vessels for offshore oil and gas activities, could lead to the loss of 30,000 industry-associated jobs as soon as this year. Significant decreases in US oil and gas production and in government revenue were also predicted...

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