By Jeremy Cresswell, contributing editor There is no such thing as a steady state on the northwest Europe continental shelf (NWECS). Just when one thinks some sort of stability has been achieved, it is swiftly swept away by that absolute certainty … change. Big changes are indeed happening, some with surprising speed, and, as can […]
By Katie Mazerov, contributing editor Think of a high-performing athlete at the top of his game, earning $20 million a year. His game falls off … and his salary slips to $16 million. A drop, to be sure, but he is still playing – and being compensated – at a very high level. That is […]
by Jerry Greenberg, contributing editor US Gulf of Mexico rig activity at the end of September 2007 was at its lowest level since late 1992 in terms of contracted rigs. This is primarily a result of low natural gas prices but also a result of an industry affected by a hurricane season that runs from […]
By Linda Hsieh, associate editor Graduating with honors at the height of the boom in 1980 with a petroleum engineering degree, Kevin Lacy had his pickings. His five summer jobs had given him a taste of drilling, production and reservoir engineering, but he wanted to learn things first-hand, and he knew it was drilling that […]
Transocean, GlobalSantaFe announce merger Transocean and GlobalSantaFe have announced an agreement for a merger of equals. The combined company will be known as Transocean and will have a global fleet of 146 rigs. The merger “will enhance our high-end floater fleet, including five newbuild ultra-deepwater units, while growing our position in the worldwide jackup market, […]
By Greg Anderson, Randy Smith Training Solutions Culture is described as the beliefs and behaviors handed down from one generation to the next. In the workplace, each new employee and contractor represents the next generation of a company. This can be an opportunity or a continuing challenge, because these new people will adopt the safety […]
BHP Billiton-operated rigs set benchmarks for subsalt, deepwater drilling in Gulf of Mexico BHP Billiton Petroleum announced that two company-operated drilling vessels have set new benchmarks for subsalt, deepwater drilling in the US Gulf of Mexico. On 17 May 2007, while working on a development well on the Shenzi oil and gas field, the GSF […]
KCA DEUTAG, Bentec unveil new rig design KCA DEUTAG and Bentec Drilling and Oilfield Services unveiled the first of a new land rig design, called the Nomad Class, developed for desert terrain conditions such as North Africa and the Middle East. A second Nomad Class rig is scheduled for completion in September 2007, with further […]
Mike Killalea, Editor & Publisher In Houston at press time, we watch with wary eye as the first hurricane (Dean) and tropical storm (Erin) enliven the Gulf of Mexico. Both were forecast to swing wide of oil developments. Given cyclonic unpredictability, though, on alert we remain. (See p 68 for a case study in hurricane […]
DC_Sept07_NewsCuttings IADC to use DNV’s worldwide network to expand audits In a move that could pave the way for expansion of its accreditation and certification efforts, IADC has signed an agreement with Det Norske Veritas (DNV) to utilize the company’s extensive worldwide network of auditors to assist in monitoring accredited training providers. “One thing that […]
21 November 2014
Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola...
19 November 2014
When Statoil entered the North American onshore industry in 2008, it was a non-operator in a joint venture (JV) with Chesapeake in one shale play. Since then, Norwegian-based…
18 November 2014
Opportunities abound for the drilling industry even in an environment of high costs and falling oil prices, Randall D. Stilley, President & CEO of Paragon Offshore, said...
18 November 2014
It has been more than four years since Macondo, and the long-term effects of the oil spill are still being determined. “Oil is a natural substance that can be degraded...
18 November 2014
The Well Control Institute (WCI) Board of Directors convened on 11 November in New Orleans. Moe Plaisance, who recently retired from Diamond Offshore Drilling, has...