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Optimism strong despite market uncertainties

Posted on 02 November 2012 in 2012, Features, Global and Regional Markets, November/December

Trumpets or fireworks may be absent in celebrating substantial industry growth as 2012 concludes, but that’s no matter. Over the past 12 months, industry solidified its footing after facing significant regulatory and economical challenges over the previous couple of years…

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Technology Development: A game of risks vs rewards

Posted on 02 November 2012 in 2012, Features, Innovating While Drilling, November/December

Industry investing in new generation of forward-thinking technologies even as it works to overcome old mindsets, barriers. When National Oilwell Varco (NOV) unveils its open-platform drilling automation system NOVA in 2014…

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Annual General Meeting Special: IADC 2012 – A year of reflection, changes

Posted on 02 November 2012 in 2012, Features, IADC: Global Leadership, Global Challenges, November/December

The drilling world is rapidly changing, and IADC is changing with it. With our strategic review recently completed, we’ve begun reshaping ourselves and have started to roll out new global initiatives aligned with our new way forward…

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Positive rig demand steers 2013 outlook

Posted on 02 November 2012 in 2012, Features, Global and Regional Markets, November/December

Analysts are voicing optimism about a recovery in 2013 – looking to upticks in both rig demand and natural gas pricing. Although the US land rig count has steadily dropped throughout the year since Q1 and US natural gas prices have remained disappointingly weak…

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Global LNG market boosts hope for better natural gas future

Posted on 02 November 2012 in 2012, Global and Regional Markets, November/December

Prospects of an emerging and growing liquefied natural gas (LNG) export market coupled with increased domestic gas demand. Reviews of the 2012 drilling year…

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We can take pride in more than tech prowess

Posted on 02 November 2012 in 2012, Departments, IADC: Global Leadership, Global Challenges, November/December

We congratulate ourselves on the step changes in technology that have made possible the boom in shales, first in North America…

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Drilling & Completion News

Posted on 02 November 2012 in 2012, Departments, November/December

Transocean has secured 10-year contracts from Shell for four dynamically positioned ultra-deepwater newbuild drillships…

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Drilling & Completion Tech Digest

Posted on 02 November 2012 in 2012, Departments, November/December

Sinopec group sets depth record on Sichuan Basin HPHT well Sinopec Research Institute of Petroleum Engineering (SRIPE) and APS Technology have achieved a depth record on a high-pressure, high-temperature (HPHT) well in China. SRIPE completed drilling two sections of Well YuanBa272H in China’s Sichuan Basin in April, with true vertical depth of 6,670 meters (21,883 […]

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Report: Global shale developments to drive higher HP land fleet

Posted on 02 November 2012 in 2012, Global and Regional Markets, November/December

Worldwide deviated/horizontal drilling to boost number of higher horsepower rigs by 28% by 2016, analysis shows. North America continues to lead the way…

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Dynamic FITs verify changing integrity of complex wellbores

Posted on 02 November 2012 in 2012, Drilling It Safely, November/December

Managed pressure drilling (MPD) methods enabled by drilling with closed-loop circulating fluid systems and PLC-controlled automatic chokes with the ability to…

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