News

Aug 19, 2013 Hundreds of protesters have participated in an anti-fracking protest march against Cuadrilla’s oil test drilling at Balcombe in West Sussex. Cuadrilla stopped oil-drilling operations at the site in anticipation of the anti-fracking protests. The company’s spokesman told the Guardian newspaper: « We will resume full operations as soon as it is safe to do so. » Cuadrilla announced it has no immediate intention to frack at Balcombe. However, it is conducting exploratory drilling on an ...

Aug 15, 2013 Mexican President Enrique Pe

Drilling activity and spending will significantly increase in global deepwater markets over the next decade, according to a study from Wood Mackenzie. The « Future of Global Deepwater Markets » study indicates well spend is expected to rise from US$43 billion in 2012 to US$114 billion in 2022.

Jul 30, 2013 The latest discovery of oil and natural gas reserves offshore China proves the area is prolific for energy explorers, China National Offshore Oil Corp. said. CNOOC announced it made two new exploration discoveries in the Bohai Bay off the Chinese coast. The company said drilling operations at the Bozhong 8-4 and Kenli 10-4 wells encountered a combined 311 feet worth of oil reservoir and 36 feet of natural gas layer. « The successful discovery ...