Archive | 2012
Are we laggards in technology adoption?
Posted on 24 April 2012 in 2012, Departments, IADC: Global Leadership, Global Challenges, May/June
By Mike Killalea, editor & publisher We pride ourselves on innovation, but are actually laggards at technology adoption. “The oil and gas industry tends to have a technology adoption cycle of roughly 30 years from concept to 50% market penetration,” remarked Dustin Torkay, Seadrill, IADC Advanced Rig Technology (ART) Committee vice chairman-Future Technology, adding that [...]
Well depth extended in geothermal project using controlled pressure drilling
Posted on 24 April 2012 in 2012, Innovating While Drilling, May/June, Onshore Advances
Wells in the Kirchweidach geothermal project in Bavaria, Germany, and other offset wells in the area have faced problems such as severe mud losses and…
Analyst: Numbers show that US is drilling its way to zero net oil imports
Posted on 24 April 2012 in 2012, May/June
Horizontal drilling and multi-stage fracturing are working hard for the industry, and the results are paying off. According to research by Raymond James and Associates…
People, Companies & Products
Posted on 24 April 2012 in 2012, May/June
FMC to supply Petrobras with subsea equipment. FMC Technologies recently signed a four-year agreement with Petrobras for the supply of pre-salt subsea equipment. FMC’s total scope of supply could…
The great migration to wet plays
Posted on 24 April 2012 in 2012, Features, Global and Regional Markets, May/June
The paradigm has shifted. US land rigs that just two years ago were at work in prolific shale gas plays are on the move, delivering an oil and liquids boom that has yet to be fully quantified…
Refining the grip on nature’s fine grains
Posted on 24 April 2012 in 2012, Features, May/June
Drawing on proven methods and technologies, the latest developments in the realm of sand control strategically capitalize on and enhance what is known to work…
Drilling & Completion News
Posted on 24 April 2012 in 2012, Departments, May/June
Latshaw Drilling Co recently added Rig 18 to its fleet. The rig is a 1,700-hp diesel-electric/SCR rig with a 500-ton AC top drive unit and is skiddable for multiwell pad drilling…
Drilling & Completion Tech Digest
Posted on 24 April 2012 in 2012, May/June
A single Ulterra polycrystalline diamond compact bit has drilled the entire intermediate section of the Tattoo field in Northwest Canada. An 8.5-in. (216-mm) U513M drilled both the vertical and…
The water challenge
Posted on 24 April 2012 in 2012, Features, May/June
As hydraulic fracturing enters a new phase in the current shale boom, the industry has learned a thing or two about the process, not the least of which is that it makes both economic and environmental sense to include the three R’s – reuse, recycle and reclaim – as part of the equation…
Navigating safe waters
Posted on 24 April 2012 in 2012, Features, May/June, The Offshore Frontier
Booming markets in West Africa, Brazil and areas of Asia Pacific are putting a bullish spin on the overall offshore outlook, with rising utilization and dayrates in all sectors, including shallow- and mid-water, deepwater and ultra-deepwater…
Recent Drilling News
21 May 2013
Chesapeake taps Anadarko senior VP as new CEO
Robert Douglas (“Doug”) Lawler, will join Chesapeake Energy as its CEO and a member of the Board of Directors, effective 17 June, the company announced...
15 May 2013
BP commits to renewed focus on upstream oil and gas over next decade
Over the next decade, as much as 75% to 80% of BP's majority group capital expenditure will be spent in upstream...
15 May 2013
Statoil sanctions Julia development in GOM with ExxonMobil, pushes ahead with Logan
Pursuing further growth in its US offshore portfolio, Statoil has sanctioned its fourth field development in the Gulf of Mexico...
15 May 2013
Exclusive video: New composite wireline cable contains seven-conductor electrical core
Serko Sarian, telemetry and conveyance portfolio manager for Schlumberger, talks with Drilling Contractor...
15 May 2013
PETRONAS: NOCs expand globally with increasing autonomy, financial strength
National oil companies (NOCs) continue to assume an increasingly meaningful role in the oil and gas industry...