Archive | 2012

Annual General Meeting Special: IADC 2012 – A year of reflection, changes

Posted on 02 November 2012 in 2012, Features, IADC: Global Leadership, Global Challenges, November/December

The drilling world is rapidly changing, and IADC is changing with it. With our strategic review recently completed, we’ve begun reshaping ourselves and have started to roll out new global initiatives aligned with our new way forward…

PrintFriendlyShare This

Positive rig demand steers 2013 outlook

Posted on 02 November 2012 in 2012, Features, Global and Regional Markets, November/December

Analysts are voicing optimism about a recovery in 2013 – looking to upticks in both rig demand and natural gas pricing. Although the US land rig count has steadily dropped throughout the year since Q1 and US natural gas prices have remained disappointingly weak…

Global LNG market boosts hope for better natural gas future

Posted on 02 November 2012 in 2012, Global and Regional Markets, November/December

Prospects of an emerging and growing liquefied natural gas (LNG) export market coupled with increased domestic gas demand. Reviews of the 2012 drilling year…

We can take pride in more than tech prowess

Posted on 02 November 2012 in 2012, Departments, IADC: Global Leadership, Global Challenges, November/December

We congratulate ourselves on the step changes in technology that have made possible the boom in shales, first in North America…

Drilling & Completion News

Posted on 02 November 2012 in 2012, Departments, November/December

Transocean has secured 10-year contracts from Shell for four dynamically positioned ultra-deepwater newbuild drillships…

Drilling & Completion Tech Digest

Posted on 02 November 2012 in 2012, Departments, November/December

Sinopec group sets depth record on Sichuan Basin HPHT well Sinopec Research Institute of Petroleum Engineering (SRIPE) and APS Technology have achieved a depth record on a high-pressure, high-temperature (HPHT) well in China. SRIPE completed drilling two sections of Well YuanBa272H in China’s Sichuan Basin in April, with true vertical depth of 6,670 meters (21,883 […]

Report: Global shale developments to drive higher HP land fleet

Posted on 02 November 2012 in 2012, Global and Regional Markets, November/December

Worldwide deviated/horizontal drilling to boost number of higher horsepower rigs by 28% by 2016, analysis shows. North America continues to lead the way…

Dynamic FITs verify changing integrity of complex wellbores

Posted on 02 November 2012 in 2012, Drilling It Safely, November/December

Managed pressure drilling (MPD) methods enabled by drilling with closed-loop circulating fluid systems and PLC-controlled automatic chokes with the ability to…

Middle East on the up and up

Posted on 02 November 2012 in 2012, Features, Global and Regional Markets, November/December

A healthy, growing offshore market and renewed drilling and production in brownfields with significant reserves project a positive 2013 for the Middle East. This despite reduced production in Iran due to international sanctions and the slow-to-moderate pace of Iraq …

From the Chairman: Into 2013, a stronger industry, stronger IADC

Posted on 02 November 2012 in 2012, IADC: Global Leadership, Global Challenges, November/December

As my year serving as IADC chairman draws to a close, I see an industry that is stronger in many ways than it was 12 months ago…

FEATURED MICROSITES


Recent Drilling News

  • 30 January 2015

    Chevron, BP, ConocoPhillips advancing Paleogene discoveries in deepwater GOM

    Chevron and BP will collaborate with ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon...

  • 29 January 2015

    PetroQuip deploys BigFoot toe sleeve in Anadarko Basin

    PetroQuip Energy Services successfully implemented its revolutionary toe sleeve, BigFoot, in a recent horizontal completion for an independent operator...

  • 27 January 2015

    US EIA: Lower 48 oil production outlook stable despite expected rig count reduction

    The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, according...

  • 27 January 2015

    Hess announces 2015 capital, exploratory budget

    Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources...

  • 26 January 2015

    Young professionals program at SPE/IADC Drilling Conference to target future leaders of the industry

    The oil and gas industry is constantly looking to the future. Whether this comes in the form of pushing the limits of pressure...

  • Read more news