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Derricks & Diamonds raises over $350,000 for cancer research, support

Posted on 20 June 2014 in News

The 2014 Derricks & Diamonds charity softball tournament and gala raised more than $350,000 this year, passing the $2 million mark in total funds donated over the past decade…

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Mapping the future to 2025: Drilling system automatically executes well plan, completion

Posted on 19 June 2014 in Drilling It Safely, Drilling Rigs & Automation, Innovating While Drilling, News

A group of multidisciplinary experts from inside and outside the drilling industry has banded together to develop a roadmap for drilling systems automation (DSA). The DSA…

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CSB report: Macondo BOP failed due to unrecognized pipe buckling during well control efforts

Posted on 18 June 2014 in Drilling It Safely, IADC: Global Leadership, Global Challenges, News

The blowout preventer (BOP) that was intended to shut off the flow of high-pressure oil and gas from the Macondo well in the Gulf of Mexico failed to seal the well because…

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Study: Oil & gas boost European government treasuries by over €400B annually

Posted on 18 June 2014 in Global and Regional Markets, IADC: Global Leadership, Global Challenges, News

Oil and gas contribute hundreds of billions of euros to European government revenues every year, a new study shows, highlighting how the industry – far from being subsidized…

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UK approves Premier Oil to develop Catcher area in North Sea

Posted on 12 June 2014 in Global and Regional Markets, News, The Offshore Frontier

Premier Oil has received approval of its Catcher area field development plan from the UK Department of Energy and Climate Change. “The Catcher area development shows that…

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Survey: Investors optimistic on upside potential of natural gas, crude oil pricing

Posted on 05 June 2014 in Global and Regional Markets, News

In an energy sector poll, RBC Capital Markets found that 76% of investors and executives believe that the current $100-plus price levels for crude oil will be sustained or…

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Unit Drilling launches advanced-technology BOSS rig design

Posted on 04 June 2014 in Drilling Rigs & Automation, News, Onshore Advances

Unit Drilling has put the first of its newly designed BOSS rig, Rig 401, to work in the Texas Panhandle for Unit Petroleum. The 1,500-hp, AC-powered walking rig incorporates…

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Wellbore displacement services integrate dimensions of hydraulics, chemistry, mechanics

Posted on 04 June 2014 in Exclusive Video, Innovating While Drilling, News, Videos

In this exclusive video with DC, Gabe Little, Business Development Manager for M-I SWACO, explains how the SMART 3D Displacement services integrate hydraulics, chemistry and…

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US EIA: Domestic production filled 84% of US energy demand in 2013

Posted on 03 June 2014 in Global and Regional Markets, News

Total US energy production reached 81.7 quadrillion British thermal units (quads) in 2013, the US Energy Information Administration (EIA) reported this week. That is…

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IADC Drilling Engineers Committee Forum to be held 11 June

Posted on 02 June 2014 in IADC: Global Leadership, Global Challenges, News

IADC has established the Drilling Engineers Committee (DEC) to advance new technologies related to drilling wells. DEC replaces the now-dissolved Drilling Engineering…

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Recent Drilling News

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