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Digital transformation

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The drilling industry has always been known for having big iron – from drawworks to iron roughnecks, from top drives to blowout preventers. But in today’s digital oilfield, it’s no longer hardware that’s driving the biggest changes at the rig site. Rather, game-changing technologies on the horizon are now almost entirely digital. Predictive analytics, the Internet of things (IoT), machine learning and artificial intelligence are not just buzzwords. They refer to real technologies that are increasingly being adopted into the drilling industry to improve efficiency and reduce costs....

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Five years after Macondo

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Significant progress has been made to improve offshore safety, but industry realizes that the journey is not over By Alex Endress, Editorial Coordinator Five years ago, a tragic blowout engulfed the Macondo well – devastating the Gulf of Mexico, the global drilling industry and, indeed, the people onboard the Deepwater Horizon. The magnitude of the blowout and resulting spill brought about a heightened awareness of how one incident, on one well, can have far-reaching consequences – nearly wiping out the industry’s social license to operate. It was an awful reminder of this industry’s responsibility to protect the lives of its people and the environment in which it functions. Since that disaster, drilling contractors, operators, service companies, regulators and industry organizations ...

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