In Jan/Feb DC: Critical Issues in Drilling & Completions

Posted on 20 January 2009 in News

Industry leaders discuss the challenges ahead for the global drilling industry in the new issue of Drilling Contractor, out in early February. Ten experts, representing a mix of oil companies, drilling contractors and service companies, will share insights on upcoming and current obstacles, as well as advice on how this industry can learn from previous soft cycles in order to survive in a tough market.

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Maersk Developer semi delivered

Posted on 20 January 2009 in News

Maersk Developer

The Maersk Developer was delivered to Maersk Drilling on 2 January. It is the first in a series of three highly advanced deepwater development semisubmersibles the company has under construction in Singapore. Its initial programme is for Statoil Gulf of Mexico for drilling in the US Gulf of Mexico with further assignment rights to Woodside Energy. The contract has a duration of four years.

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ConocoPhillips announces $12.5 billion capital budget for 2009

Posted on 20 January 2009 in News

ConocoPhillips has approved a 2009 capital budget of $11.7 billion. Loans to affiliates and contributions to fund an upstream business venture with EnCana bring the total to $12.5 billion. At the same time, the company announced it expects to reduce its overall workforce by 4%, citing “the current business environment.” “We also intend to reduce our contractor headcount,” said Jim Mulva, chairman and chief executive officer.

He stated that the capital program will continue to fund significant projects while deferring or slowing others. “We are positioning ourselves in the current business environment to live within our means in order to maintain financial strength,” he said.

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Manufacturers' input sought for IADC training catalog

Posted on 06 January 2009 in News

IADC, under the auspices of its Advanced Rig Technology Guidelines Subcommittee, is developing a comprehensive catalog of training available through manufacturers of automated or mechanized rig equipment.

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Sneak preview: IADC Well Servicing Committee calls for renewed focus on derrick integrity

Posted on 06 January 2009 in News

Joe Eustace

The global well-servicing industry should renew its focus on mast integrity, IADC Well Servicing Committee chairman Joe Eustace, Pioneer Production Services, writes in an editorial in the upcoming January/February edition of Drilling Contractor.

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Rowan is first to achieve full IADC Competence Assurance accreditation

Posted on 06 January 2009 in News

Rowan Drilling UK has become the first drilling contractor company to achieve full accreditation status for IADC’s Competence Assurance Accreditation Program. “Rowan’s competence program is now fully compliant with the accreditation criteria, thanks to the efforts of Jean-Francois Basse, training and competency manager for Rowan, and other Rowan staff,” said Brenda Kelly, IADC director of accreditation and certification.

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W. Matt Ralls named Rowan CEO, president

Posted on 06 January 2009 in News

W. Matt Ralls

Rowan Companies announced that, effective 1 January 2009, its board of directors has named W. Matt Ralls as the company’s new president, chief executive officer and member of the board of directors, succeeding D.F. McNease, who announced his retirement in late October 2008.

“Mr Ralls will be an outstanding leader to Rowan’s already strong management team,” said Rowan director Jack Lentz.

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Fort Hood job fair slated for 4 February

Posted on 06 January 2009 in News

The IADC Career Connection (ICC) program will return to Fort Hood on 4 February with a new Returning Military Campaign (RMC) job fair. Twelve IADC member companies are signed up for the event, which again is held in cooperation with ACAP (Army Career Alumni Program).

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Subsea equipment retrofit to boost production offshore Angola

Posted on 06 January 2009 in News

A subsea equipment upgrade is expected to increase production in the Lobito Tomboco oilfield off the coast of Angola by 7,000-10,000 bbl/day.

VetcoGray, a GE Oil & Gas business, has signed a $27 million contract with Cabinda Gulf Oil of Angola, a Chevron subsidiary, to retrofit the existing subsea trees in the field, which has been in production since June 2006. The increase in production is expected to occur shortly after the retrofit project is completed in 2009.

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DC readers braced for recession's impact

Posted on 06 January 2009 in News

DC readers are guardedly pessimistic regarding the impact of the Global Financial Crisis on their jobs and organizations. 40% foresee slashed budgets and are braced to “do more with less,” in the words of a recent survey on www.DrillingContractor.org. About one in four (24.5%), however, anticipate “minimal or no effect.”

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