Tag Archives: offshore

In a separate update earlier this week, we quantified a new kind of flaring intensity index. Today we explore the qualitative side of this trend, distilling over 1,000 executive/investor conversations about flaring over the past decade and a half into this 5-minute-read summary. There’s a lot more to this story… …

About 10 days before the H&P conference call this week, we wrote a report about something new the land contract driller is doing in the field – an onshore drilling first. In that report on these so called “piggy-back rigs,” we suggested H&P management might introduce and talk extensively about this …

With Brent trading at almost $80/bbl and Permian constraint friction heating up (pipe, diffs, trucks, etc), it feels like it’s time to start getting more constructive on the offshore recovery theme. But can long-cycle deepwater returns ever compete with short-cycle Permian returns again? An expert weighs in for our first …

It’s not the full house cleaning analysts want to see, but the offshore drilling industry took a positive step towards healing today. More retirements is something one of our guest contributors, Ron Davis, called for in an analysis piece this summer. More retirements is what we got today…   There’s …

This week, Offshore Technology Conference attendance fell for a third straight year. Higher oil prices and the US onshore recovery didn’t buoy turnout. That said, attendance might have slipped more without the draw of US onshore technology exhibits at the event. We’ve got stats charts and anecdotes from the conference in this …

If deepwater rig demand were to begin its ascent today, it would be met with a glut of rigs that would render the impact on dayrates, and indeed contractor bottom lines, relatively impotent. If more rigs aren’t removed from the structural oversupply before demand moves higher, drilling contractors are at risk …

On ExxonMobil’s conference call Friday, we will be listening for talking points on two key development areas in particular: the Permian Basin and the deepwater Liza development offshore Guyana. The Liza development is especially important as it is one of the first major deepwater projects that is moving forward since the …

Thanks in part to the renewed exploration push in the UK, Transocean just announced two new contracts for the Transocean Spitsbergen (a 2009-built UDW HDHE semi) for Statoil drilling programs. The dayrate is near break-even, but that’s the least interesting thing about these contract awards… Digging deeper, a $27mm difference in the contract …

Last week, we presented our business outlook for the oilfield to kick off the day at the WorkforceNEXT energy conference in Houston. This gathering is the largest for HR executives in the O&G industry each year. And attendance this year was a record high – a sign of the times. …

Note: Each Friday in March, we are passing the keyboard to one of our readers to share perspective from the field. We hope you enjoy the thoughts these hand-picked contributors have to share. This week, former sell-side analyst Jeffrey Spittel joined us with a terrific look at the division in …