Archive | 2014

Troubled waters

Posted on 05 November 2014 in 2014, CurrentFeatures, Features, Global and Regional Markets, November/December, The Offshore Frontier

The ingredients for a troubled deepwater market – flattening rig demand, increasing costs and falling oil prices – have been brewing in the past year. A number of deepwater projects have been postponed, and the industry…

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The other precious resource

Posted on 05 November 2014 in 2014, CurrentFeatures, Drilling It Safely, Features, November/December

What happens when a world thirsty for hydrocarbons meets a world competing for water? In the unconventionals sector, that collision of commodities is playing out across a variety of environmental and usage issues…

Fertile grounds

Posted on 05 November 2014 in 2014, CurrentFeatures, Features, Global and Regional Markets, November/December, Onshore Advances

The onshore market has been a beacon for the global drilling industry, reflecting growth and improved efficiencies in the past year. This momentum is expected to guide the industry in the coming year…

Editorial: It’s been an honor to lead IADC through a year of powerful accomplishments

Posted on 05 November 2014 in 2014, IADC: Global Leadership, Global Challenges, November/December

It is with a great sense of accomplishment that I wrap up my year as Chairman of IADC. As a member of the association for more than 23 years, and with previous experience on the Executive Committee…

Drilling & Completion News

Posted on 05 November 2014 in 2014, Departments, November/December

Drillmec has designed an automated drilling rig called AHEAD, Advanced Hydraulic Electrical Automated Driller. It reduces the rig footprint by approximately 50%…

Drilling potential abounds in Mexico, but so does uncertainty

Posted on 05 November 2014 in 2014, Global and Regional Markets, November/December, Onshore Advances, The Offshore Frontier

The tides are turning in Mexico after the government ended PEMEX’s 76-year monopoly over the country’s oil and gas market. On 20 December 2013, Mexico’s energy reform bill became a law…

Drilling Ahead: IADC workshops shed light on new EU rule

Posted on 05 November 2014 in 2014, Departments, November/December

The European Union has implemented the offshore regulatory version of Einstein’s elusive Grand Unified Theory, and IADC is there to help its members understand…

2014 operational summary: Year of delivery for IADC divisions

Posted on 05 November 2014 in 2014, IADC: Global Leadership, Global Challenges, November/December

The IADC Operational Integrity (OI) Division, comprising the Onshore, Offshore, Drilling and Well Servicing, QA/QC, and Accreditation and Credentialing Divisions, devoted time and expertise to promoting the interests…

Geometric evolution

Posted on 05 November 2014 in 2014, Completing the Well, CurrentFeatures, Features, November/December

In an industry not prone to taking leaps of faith, multilateral completions have yet to make that pivotal niche-to-mainstream transition. Instead, it has remained a slow, steady and evolving market driven by…

Business as usual, but with caution

Posted on 05 November 2014 in 2014, CurrentFeatures, Features, Global and Regional Markets, November/December, Onshore Advances, The Offshore Frontier

Geopolitical concerns, notably worrisome aggression from the Islamic State of Iraq and the Levant (ISIL) across northern Iraq, is signaling a cautionary mood in the Middle East. However, it is business as usual for the oil…

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Recent Drilling News

  • 21 November 2014

    Statoil cancels Stena Carron rig contract offshore Angola

    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

    Stepwise approach guides Statoil’s North American onshore path

    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

    Stilley: Despite challenging outlook, opportunities are plenty in the long term

    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

    In well control, an ounce of prevention is worth a pound of cure

    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

    Plaisance: Well Control Institute evaluating priority topics

    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...

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