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Drilling It Safely

BP’s Looney: To remain competitive, costs must be lowered sustainably, not follow oil prices

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World energy demand is likely to increase by a third by 2035, according to BP’s forecasts. However, oil and gas will face increasing competition from alternative energy sources over the coming years, BP Chief Executive of Upstream Bernard Looney said at the 2016 OTC on 2 May in Houston...

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Downhole automation system helps to reduce cycle times in the Bakken

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To reduce cycle times in the Bakken, National Oilwell Varco (NOV) and Hess teamed up on a project that deployed NOV’s closed-loop, downhole automation system, Evolve, in 16 wells. This project was the subject of a technical presentation at the 2016 IADC/SPE Drilling Conference in Fort Worth, Texas, on 2 March. In this video with DC, NOV Vice President of Dynamic Drilling Solutions Tony Pink explains the results and lessons learned from this project. Mr Pink also shares NOV’s plans to advance the Evolve system.

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