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Author Archives: Chris Cantu

President proposes $204.9 million in FY 2018 budget for BSEE

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President Donald Trump today proposed a $204.9 million Fiscal Year (FY) 2018 budget for the Bureau of Safety and Environmental Enforcement (BSEE). The budget ensures continued support of the offshore energy industry’s safe and responsible operations providing for secure and reliable energy production for America’s future. BSEE fosters safe and environmentally responsible energy production on the US Outer Continental Shelf through regulatory oversight of oil and gas operations. The FY 2018 budget request is $204.9 million, a $600,000 increase above the FY 2017 CR level, and includes $112.0 million in current appropriations and $92.9 million in revenue from rental receipts, cost recoveries, and inspection fees...

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Turning Point USA engages with students to promote limited government, free market

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Turning Point USA was founded in 2012 with a focus on developing student advocates for small government and free markets. The organization’s Founder and Executive Director, Charlie Kirk, spoke about the economic and social benefits of the oil and gas industry at 2017 IADC Drilling Onshore Conference on 18 May in Houston. He futher encouraged the industry to be more active in public engagement. In this video from the conference, Mr Kirk explains how his organization is working to engage with college and high school students and what he hopes to achieve from this engagement...

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More onshore participation needed in IADC cybersecurity efforts

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Cyber attacks on industrial control systems are on the rise, and it’s estimated that 41% of cyber attacks target the oil and gas industry. Since the publication last year of the IADC Guidelines for Assessing and Managing Cybersecurity Risks to Drilling Assets, the IADC Cybersecurity Subcommittee has been working on new guidelines around minimum cybersecurity guidelines for drilling rigs...

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Regulatory update: Executive orders are favorable to oil and gas industry

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Four of the 36 president executive orders issued so far in 2017, including an order to review the five-year-plan for offshore drilling, will have a direct impact on the oil and gas industry. In this video from the 2017 IADC Drilling Onshore Conference on 18 May in Houston, IADC Vice President of Policy and Government Affairs Liz Craddock outlines these executive orders and what their impact could be on the oil and gas industry...

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Precision Drilling deploys process automation for faster, more consistent connection times

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Process automation is an added layer on top of the control system that adds automation to the rig equipment while maintaining the driller as the process manager. Although process automation has the potential to deliver significant performance gains on drilling rigs, the industry has only just begun to scratch the surface of using such technology, Duane Cuku...

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NOV, Saudi Aramco announce joint venture in Saudi Arabia

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National Oilwell Varco (NOV) announced entering into a memorandum of understanding with Saudi Aramco to form a joint venture in Saudi Arabia. Through its state-of the art manufacturing and fabrication facilities and NOV’s market-leading drilling technologies, the joint venture will manufacture high-specification land rigs, rig and drilling equipment, and offer certain aftermarket services...

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