Archive | Features

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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Middle East on the up and up

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

A healthy, growing offshore market and renewed drilling and production in brownfields with significant reserves project a positive 2013 for the Middle East. This despite reduced production in Iran due to international sanctions and the slow-to-moderate pace of Iraq …

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Sustaining the license to drill: It’s not a game!

Posted on 17 September 2012 in 2012, Drilling It Safely, Features, Global and Regional Markets, September/October

In summer 2011 offshore Greenland, in an attempt to halt Arctic exploration, Greenpeace activists scaled a semisubmersible rig large enough to drill in more than 8,000 ft of water. This, despite a court injunction and the risk of jail time and significant fines for the activists….

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Industry delves deeper into African frontier

Posted on 17 September 2012 in 2012, Drilling It Safely, Features, Global and Regional Markets, September/October, The Offshore Frontier

On the world map, Africa commands a grand presence, with more than 50 countries that straddle a multitude of climates, terrains and cultures. Into the continent’s vast lands and open waters, the drilling industry continues cautiously to navigate and integrate its activity…

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Automation: On the cusp of transformation

Posted on 17 September 2012 in 2012, Drilling Rigs & Automation, Features, September/October

After decades of discussion and debate, the industry has reached a tipping point, standing at the brink of what may become the biggest and most sweeping change it has ever faced – automation. No longer a pie-in-the-sky idea, drilling automation is fast becoming reality…

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Northward ho!

Posted on 17 September 2012 in 2012, Features, Global and Regional Markets, Onshore Advances, September/October, Videos

Less than a decade ago, Williston, North Dakota, was a mere dot on a map in a state associated with long, cold winters and the movie “Fargo.” Today, the town sits at the epicenter of the biggest oil boom to hit the Lower 48 in recent history. Thanks to significant oil production in the Williston Basin’s…

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New bits look beyond design at overall wellbore

Posted on 16 July 2012 in 2012, Features, Innovating While Drilling, July/August

In the wellbore, drill bits lead the way through formations to achieve longer wells more efficiently and quickly. The latest developments in drill bits share a common goal: optimize bit performance in the wellbore to save time and money…

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