Archive | News

Now is time to invest in people, Jacob urges

Posted on 22 May 2009 in News

Should drilling contractors be investing in people instead of equipment? That was the question Ed Jacob, Goober Drilling CEO & president, posed to the audience at the 2009 IADC Drilling Onshore Conference & Exhibition on 21 May in Houston. …

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Operators using downturn to optimize performance

Posted on 22 May 2009 in News

Speaking during the “Operators’ Panel Discussion” at the 2009 IADC Drilling Onshore Conference & Exhibition on 21 May in Houston, four E&P companies shared reactions to the market downturn, as well as activity plans and outlook. …

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Forecast: Up-cycle may bring clear utilization differentiation for high-spec rigs

Posted on 22 May 2009 in News

Natural gas prices are expected to remain weak for the remainder of 2009 but could rebound to $6.75/mmbtu in 2010 as production declines start to balance out the market, said Waqar Syed, VP & director, institutional research, Tristone Capital. …

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Rig concept aims to revolutionize batch drilling

Posted on 22 May 2009 in News

The industry has come a long way over the past few decades. We’ve modernized our rigs and equipment and have created many automated technologies that reduce human intervention and increase safety. Yet, we’ve done little to address the actual drilling process, said Frank Springett, National Oilwell Varco senior research & development engineer. Now, with the new SPRED Rig, NOV hopes to do exactly that. …

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US poised to use more natural gas

Posted on 22 May 2009 in News

With the abundant production of shale gas and tremendous investments made in natural gas transportation in recent years, the US is perfectly poised to use natural gas in a greater capacity in the coming years, said Steve Hiatt, VP commercial & industrial sales, Simons Petroleum, at the 2009 IADC Drilling Onshore Conference & Exhibition on 21 May in Houston. …

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North Sea Chapter recognizes HSE excellence

Posted on 22 May 2009 in News

Winners of the IADC North Sea Chapter (NSC) Annual Safety Awards were announced during a ceremony on 15 May at Ardoe House Hotel, Aberdeen. Chapter chairman Steve Rae, Seawell, welcomed nearly 400 guests who joined him to recognise and celebrate the efforts of IADC members as they strive toward HSE excellence. …

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Scott Gordon is new IADC Contracts Committee chairman

Posted on 22 May 2009 in News

 Scott Gordon, Unit Texas Drilling, has been chosen as the new chairman of the IADC Contracts Committee, succeeding Dave Faure, Transocean. Mr Gordon has previously served as vice chairman  – land of the committee. In that capacity, he led an extensive review of the 1998 US land model contract forms, which resulted in the 2003 version, still in use today.

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DC, IADC materials to be available at Offshore Europe

Posted on 22 May 2009 in News

 IADC materials and the July/August 2009 issue of Drilling Contractor will be distributed at the 2009 Offshore Europe, 8-11 September in Aberdeen. The stand will be located in the arena facing Stand #388. Drilling Contractor also will be available at the Atlantic Communication stand (#584).

The July/August edition of DC will highlight Innovations While Drilling, European drilling outlook, well control, completions, and other topics.

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Hemmingsen: 'Reduce, reuse & recycle'

Posted on 14 May 2009 in News

 The drilling industry should “reduce, reuse and recycle” and develop and an environmental culture to match its outstanding safety culture, said IADC chairman Claus V Hemmingsen in opening remarks at the 2009 IADC Environmental Conference on 12 May in Stavanger, Norway.

“The drilling industry has a positive history of environmental awareness, but we’re not quite there yet,” said Mr Hemmingsen, partner & CEO of Maersk Drilling. “Reduce, reuse and recycle should become the motto by which we operate.”

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PSA: Focus on prevention rather than reducing consequences

Posted on 14 May 2009 in News

 The management of environmental risk must be based on balanced assessment and the extent of preventive measures should be based on the severity of possible incidents, according to Johnny Gundersen, principal engineer at Norway’s Petroleum Safety Authority.

Speaking at the 2009 IADC Environmental Conference & Exhibition in Stavanger, Mr Gundersen said it was necessary to identify all possible risks and implement credible measures – technical, operational and organizational.

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