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IADC: Global Leadership, Global Challenges

Opportunities to lower costs will abound if service companies are engaged at design phase, allowed to leverage expertise

Guy-Arrington

We did not need the decline in oil prices to know that the E&P companies’ investments were growing faster than commodity prices. There was no way that rate of investment could continue, and something had to change. All the downturn did was provide the push for all of us to move more quickly to confront this issue, so that’s what we’re doing now. The biggest challenge today is addressing the cost concerns for operators and ourselves. The profitability of the industry as a whole, and the service companies in particular, depends on the way we work together, adopt new technologies, learn from other industries and align our technical and commercial interests.

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Drive for efficiency must continue but comes with costs, may require industry to rethink how it drills and does business

NielsEspeland

Industry needs to find balance point where all stakeholders can achieve safe, sustainable operations, retain critical focus on people By Linda Hsieh, Managing Editor Niels Espeland is President, International, at Grey Wolf Drilling International, the international arm of  Precision Drilling. Mr Espeland also serves as IADC Division VP International Onshore and is a member of the IADC Executive Committee. From your perspective at Grey Wolf, what are the most critical issues that the industry is facing right now? We have an oversupply of oil driven by efficiency gains, high oil prices for several years and increased unconventional production in North America. At the same time, we have seen stagnation in demand and growth. If you look at other commodities like ...

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2016 IADC Officers

IADCLogo

Thomas Burke was appointed Chief Executive Officer and elected a director of Rowan Companies in April 2014. He served as Chief Operating Officer beginning in July 2011 and was appointed President in March 2013. Dr Burke first joined the company in December 2009, serving as Chief Executive Officer and President of LeTourneau Technologies until the sale of LeTourneau in June 2011. From 2006 to 2009, Dr Burke was a Division President at Complete Production Services, an oilfield services company, and from 2004 to 2006 served as its Vice President for Corporate Development. Prior to that, he worked at McKinsey & Company and Schlumberger.

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Consumer Energy Alliance encourages advocacy both within and outside Washington, DC

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During panel session at the 2015 IADC Annual General Meeting in San Antonio on 5 November, Michael Whatley, Executive Vice President at the Consumer Energy Alliance (CEA), stated that the industry must work both inside and outside Washington to advance its agenda. In this video, Mr Whatley tells DC Editorial Coordinator Kelli Ainsworth about the CEA’s primary energy policy concerns, as well as how the organization plans to address those concerns through lobbying and by generating grassroots support.

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Noble’s David Williams is 2015 IADC Contractor of the Year

David Williams (left) accepts the 2015 IADC Contractor of the Year award from Clay Williams, President and CEO of National Oilwell Varco, at the 2015 IADC Annual General Meeting on 6 November in San Antonio, Texas.

David Williams, Chairman of the Board, President and CEO of Noble Corp, has been recognized as 2015 IADC Contractor of the Year. Accepting his award on 6 November at the 2015 IADC Annual General Meeting in San Antonio, Texas, Mr Williams thanked all the people he has worked with during his career, noting that he has learned something from everyone. “It’s certainly been a privilege for me to work in this business,” he said.

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Kenny Baker of Cactus Drilling wins IADC Chairman’s Anniversary Award

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Kenny Baker, Drilling Superintendent for Cactus Drilling, received the inaugural IADC Chairman’s Anniversary Award on 5 November at the 2015 IADC Annual General Meeting in San Antonio, Texas. The award recognizes individuals working in the field who have helped improve performance for the drilling industry. In this video, Mr Baker recounts his work at Cactus that led to this award, as well as lessons he’s learned about safety during his career in the industry.

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Drilling Systems Automation Roadmap seeks JIP funding

drilling automation

The Drilling Systems Automation Roadmap initiative is seeking joint industry project (JIP) funding to accelerate delivery of its first major report. The initiative, launched in June 2013, is affiliated with IADC through the Drilling Engineers Committee. It is also affiliated with SPE and AUVSI (Association for Unmanned Vehicle Systems International). The JIP details the development pathway that will be followed in automating the drilling process through a report that enables leaders to better understand the depth and breadth of drilling systems automation business opportunities.

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