Archive | 2014
Drilling & Completions Tech Digest
Posted on 26 January 2015 in 2015, Innovating While Drilling, January/February
BP has begun operating the world’s first robotic core-flooding system. The Core Flood Robot is the most recent addition to the operator’s program of enhanced oil recovery…
Troubled waters
Posted on 05 November 2014 in 2014, 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…
The other precious resource
Posted on 05 November 2014 in 2014, 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, 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…
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, 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, 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…
Reduce, control, recycle at heart of smart water management strategy
Posted on 05 November 2014 in 2014, Drilling It Safely, November/December
Water is essential to oilfield operations. However, already limited water resources are increasingly in demand. Growing populations, climate change, water limitations and increasing water demand are resulting in unmet needs…
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Recent Drilling News
28 January 2015
Chevron collaborating with BP, ConocoPhillips to explore 24 leases in deepwater Gulf of Mexico
Chevron will collaborate with BP and ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico...
28 January 2015
BP forms alliance to advance Paleogene discoveries in deepwater Gulf of Mexico
BP has formed a new ownership and operating model with Chevron and ConocoPhillips to focus on moving two significant BP Paleogene discoveries closer to development...
27 January 2015
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, as...
27 January 2015
Hess Corp 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...