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IADC: Global Leadership, Global Challenges

Sola Falodun recognized with IADC Exemplary Service Award

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Sola Falodun, General Manager, Drilling and Completion Systems for Nigeria-based OES Energy Services, was presented with an IADC Exemplary Service Award at IADC World Drilling 2017 on 28 June in Amsterdam. Mr Falodun was recognized for his service as Chairman of the IADC Nigeria Chapter, as well other contributions to the organization, including serving on the Program Committee for IADC Drilling Africa...

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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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IHS Markit: Pricing power for service sector could push up total well costs, curtailing US onshore recovery in 2018

Stephen Beck, Senior Director and Head of North American Oil & Gas Supply Forecasting for IHS Markit, speaks on a panel session at the 2017 IADC Drilling Onshore Conference on 18 May in Houston. Mr Beck explained that rising service costs will likely slow US onshore production in 2018, despite considerable activity ramp-up this year.

By Linda Hsieh, Managing Editor The US land rig count has doubled from its nadir last year, but land drillers must be cautious about basking in “an irrational exuberance,” Stephen Beck, Senior Director and Head of North American Oil & Gas Supply Forecasting for IHS Markit, said. Speaking at the 2017 IADC Drilling Onshore Conference on 18 May in Houston, Mr Beck noted that the industry’s excitement over increasing activity levels is overshadowing the attention that should be paid to supply impacts. “Rig count recovery has already outpaced the price of oil,” he cautioned, noting that oil prices have not grown much this year to support such an increase in the rig count. Going into the second half of 2017, ...

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