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The Offshore Frontier

Extended life, quicker make-up and gas tightness among key innovation areas as operators seek larger tubulars, lower costs of ownership

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In a market where operators and drilling contractors alike are analyzing every nickel and dime in their operations, drill pipe manufacturers must ensure tubular technologies are providing the required performance at an accessible cost. “What we’re doing right now is helping companies to reduce their cost of ownership,” said Guillaume Plessis, Director of Global Marketing for Grant Prideco, a National Oilwell Varco (NOV) company. “We will still see optimization of the product, but we also want to make it a very affordable possibility.”

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Saudi Aramco signs landmark joint venture agreements with Nabors and Rowan

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Saudi Aramco signed two landmark agreements with Nabors Industries and Rowan Companies to create two new national champions focused on onshore and offshore drilling. The new joint ventures mark a major milestone towards the development of a competitive Saudi energy sector, as encapsulated in the company’s In-Kingdom Total Value Add (iktva) program and Saudi Vision 2030.

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