Times are great, drilling activity is humming, but what about tomorrow? How will contractors, operators and service firms handle the squeeze of people and equipment that looms? On the other hand, will the current newbuild bonanza bust our business with oversupply? How can technology race to the rescue in an era of elusive hydrocarbons? The […]
Australian government boosts E&P The Australian government has announced a boost to petroleum exploration in Australian waters, with 11 new offshore permits awarded to exploration companies from the US, France, China, India and Australia. In total, the companies will invest more than AUD$800 million over six years, taking total investment in the 2006 offshore petroleum […]
It’s been a demanding yet rewarding year for IADC operations since last year’s Annual Meeting in San Antonio. Major victories have been claimed in government affairs. Accreditation & certification programs gained increasing recognition worldwide. Technical, regulatory and safety achievements were made both onshore and offshore. And all efforts have benefitted IADC members — in Europe, […]
Once again, the drilling industry is undergoing major changes. Members are consolidating at the same time they’re expanding. An influx of inexperienced workers has intensified our need for training and competency assurance. Environmental regulations and technical challenges are getting tougher. In an exclusive interview, Drilling Contractor speaks with IADC president Dr Lee Hunt on how […]
Guest Editorial: David Payne, Chevron It is difficult to predict how long the boom the entire oil and gas industry is enjoying right now will last. Some may argue that industry fundamentals have changed enough to keep commodity prices high for a long time. Others will undoubtedly maintain a contrary view. Who’s right or wrong? […]
By Sandra Mourton, Offshore Energy Center The Offshore Energy Center is dedicated to expanding the awareness of the vast energy resources available beneath the world’s oceans and to chronicle the unique heritage and technological accomplishments of an industry that discovers, produces and delivers these resources to mankind in a safe and environmentally responsible way. A […]
By Katie Mazerov, Center for Transportation Safety Increased drilling. Rising rig count. Upward market trends. Expanded pumping capacity. From the oilfields to corporate offices, these are the words that define the nature of the oil and gas industry today — and suggest continued robust growth in the coming years. While the outlook is positive, the […]
By Lisbeth Norup Frømling, Maersk Contractors As Maersk Contractors continues to grow, maintaining high safety standards becomes increasingly important. Two new initiatives – a three-part training package and a global safety campaign – are helping to keep the company’s safety culture prominent in employees’ minds. SAFETY FOCUS Maersk Contractors is undergoing a period of substantial […]
Safety and operational performance are not mutually exclusive; they should be synonymous with each other. That’s the message that Alan McLeod, manager of engineering for ENSCO’s Europe and Africa business unit, recently took to the 12th North Sea Offshore Cranes & Lifting Conference in Stavanger, Norway. “If you handle tubulars safely and effectively, you’re also […]
By Curt Cranford, Grant Prideco and Stacey Greene, Oceaneering International Facilitating a culture change in organizations, both large and small, is a daunting task. The first basic step in this process is to identify the existing culture of the organization. One of the modern technical definitions of culture — “socially patterned human thoughts and behaviors” […]
22 July 2014
Petrobras’ June oil production in Brazil averaged 2.8 million bbl/day (bpd), a 1.7% increase from May’s production of 1.9 million bpd. In addition, the production operated...
22 July 2014
Precision Drilling has entered into a strategic technology and service agreement and marketing alliance with Schlumberger. Utilizing Precision’s Tier 1 drilling rigs and...
22 July 2014
Australia’s Easternwell, a subsidiary of Transfield Services, has expanded internationally through an agreement with Flux O.S. SDN BHD (Flux), a Bruneian oil and gas company...
21 July 2014
The US Bureau of Ocean Energy Management (BOEM) Acting Director Walter Cruickshank will offer more than 21 million acres offshore Texas for oil and gas exploration and development...
21 July 2014
TIW Corp has completed and delivered two large-diameter Ball Type Safety Valves to Marine Well Containment Company (MWCC) for use with its expanded containment system. The class...