Archive | 2014

Mexico sets sights on foreign investment through energy reform

Posted on 05 November 2014 in 2014, Global and Regional Markets, November/December

Mexico has vast oil and gas reserves but not enough capital resources to drill for it. Consider this: In the US-controlled part of the Gulf of Mexico, more than 300,000 bbl…

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Analyst: Drilling sees little impact, for now, from Russian sanctions

Posted on 05 November 2014 in 2014, Global and Regional Markets, November/December

When the US and European Union expanded sanctions on Russia in September, the energy industry took note. Companies such as ExxonMobil have announced their compliance…

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%…

IADC embarks on next stage of transformation into sustained, high-performing organization

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

At the start of 2012, IADC set out an ambitious three-year tactical plan to prepare and deliver key initiatives and programs in response to rapidly growing and changing industry requirements. I can report…

Perspectives: Jennifer Guidry, Hercules Offshore: Empowered employees key to achieving incident-free operations

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

Jennifer Guidry never expected to find herself in a leadership position at an offshore drilling company in Houston. “One of the greatest things I’ve learned,” she said, “is that to achieve extraordinary things…

HSE&T corner: Transocean takes proactive approach to implementing ABCDs of malaria prevention

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

Although Ebola is the disease that’s dominating the bulk of media attention these days, it’s malaria that companies should be thinking more about in terms of protecting employees’ health. Malaria…

Wirelines

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

The US Bureau of Labor Statistics (BLS) recently reported preliminary results from the 2013 National Census of Fatal Occupational Injuries. Mining, quarryibg and oil and gas extraction had the third highest fatal…

News cuttings

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

At the annual Offshore Energy Center (OEC) gala on 27 September, IADC was recognized with an election to the Offshore Energy Center Hall of Fame as a Technology Pioneer. IADC was awarded the honor…

People, Companies & Products

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

Edwin “Eric” McGhee, who served as Executive Vice President for IADC for 15 years, passed away on 4 October. He was 88. Born on 31 December in 1925 in Brownwood, Texas, Mr McGhee was the seventh of eight children…

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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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