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July/August

Drilling & Completion Tech Digest

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Diamond Offshore Drilling has launched its Sim-Stack service, a cybernetic BOP service enabling the company to continuously and accurately assess BOP status. When issues arise, the service immediately determines a proper course of action while providing a third-party statement of fact to the operator, US Bureau of Safety and Environmental Enforcement and other regulatory bodies...

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Deputy Mining and Energy Minister: Open dialogue inspiring confidence in regulatory framework, taking Brazil from promise to reality

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Marcio Felix: Reforms, government’s engagement with stakeholders have increased trust in Brazil, although transfer of rights issue still requires resolution By Linda Hsieh, Managing Editor Brazil’s fourth production-sharing round in the pre-salt, held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) on 7 June in Rio de Janeiro, raised R$3.15 billion in signing bonuses and R$738 million in planned investments during the exploration phase. The auction drew record interest from the industry. Sixteen oil and gas companies – including supermajors like BP, Chevron and ExxonMobil – took part in the auction. Judging by the success of this licensing round, it appears that the Brazilian government’s work over the past couple of years is finally paying off. Significant ...

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Transocean keeps focus on business strategy, customer alignment as it embraces ‘creative destruction’ through digital transformation

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Sometimes innovation emerges from new technologies that enable a novel product offering or expansion of an existing product line. However, the most successful innovation takes root in new thinking, a new twist, a new angle or a paradigm shift that is aligned with business strategy to deliver value. As businesses and industries digitally transform, the driving force should be business strategy, with technology playing the fundamental role in the innovation process...

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Drilling & Completion News

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Total to end participation in South Pars 11 in Iran Total has announced that it will not be in a position to continue the South Pars 11 (SP11) project in Iran as a consequence of the United States’ decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA) and reinstate the US sanctions that were in force before the JCPOA’s implementation. The company will unwind all related operations before 4 November 2018, unless Total is granted a specific project waiver by US authorities with support of the French and European authorities. In 2017, Total executed the contract related to SP11, together with partner PetroChina and in full compliance with UN resolutions and US, EU and French legislation acceptable at ...

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People, Companies & Products

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Transocean announces retirement of John Stobart Transocean announced that John Stobart, Executive Vice President, Chief Operating Officer and Chief Performance Officer, is retiring. Keelan Adamson, the company’s Senior Vice President of Operations, assumed Mr Stobart’s responsibilities, effective 1 June. “Under John’s leadership, Transocean re-established itself as the standard for excellence, delivering industry-leading performance in safety, uptime and drilling efficiency,” Jeremy Thigpen, President and Chief Executive Officer, said. “As a direct result of John’s unwavering commitment to both operational performance and procedural discipline, and to the development of the next generation of leadership, I have every confidence that Transocean will continue to build upon the solid foundation that John helped to establish.” Maersk Drilling appoints Morten Kelstrup as new CCIO Effective ...

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Kenny Baker, Cactus Drilling: Safety starts with leadership demonstrating that they care about every individual on the rig

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By Kelli Ainsworth Robinson, Associate Editor Many people first set foot on a rig site after they land their first job in the drilling industry. However, Kenny Baker, a Drilling Superintendent with Cactus Drilling, has been visiting rig sites since he learned to walk as a toddler. “My dad was in the oilfield for as long as I can remember,” he said. “We’d go out and check rigs with him when he was a drilling superintendent. We got to hang out with all of my dad’s co-workers from the oilfield. There would be different things that crews would do together, like go float the river. We always kind of looked up to the roughnecks.” After graduating high school in Rush ...

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