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Bud Danenberger, MMS, praises safety progress, calls for more industry participation

Posted on 05 February 2009 in News

 Providing a regulatory update at the IADC HSE&T Conference on 4 February in Houston, MMS’ Elmer “Bud” Danenberger said that steady progress has been made on issues like safety and well control, though improvements are still needed in training and the level of industry participation. 

On hurricane issues, Mr Danenberger, MMS chief of offshore regulatory programs, noted that tie-downs appeared to have been helpful during Hurricane Ike last year, while global positioning systems didn’t work as well. Hurricane response team need to get MODU adrift data on a real-time basis, he encouraged.

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Getting back the missing 'H' in 'HSE'

Posted on 05 February 2009 in News

 The drilling industry has focused intensively on HSE in recent years, for good reason and with good progress. But if you look just a bit closer, you’ll find that we focus mostly on safety and the environment. Health, on the other hand, often gets little or no attention.

In a joint presentation at the 2009 IADC HSE&T Conference, Ron Clem, president/CEO of Executive Training International, and Doyle R Galloway, EP wells operational HSE manager for Shell, asserted that there is a missing H in “HSE.” In fact, they say, the industry is in need of a new way of approaching the missing H.

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Chevron announces deepwater GOM discovery

Posted on 05 February 2009 in News

 Chevron announced on 5 February a new deepwater oil discovery at the Buckskin prospect located in the deepwater US Gulf of Mexico. The block is approximately 190 miles southeast of Houston and 44 miles west of Chevron’s 2004 Jack discovery, which is also in the lower tertiary.

The Buckskin No. 1 discovery well encountered more than 300 ft of net pay. The well is located in approximately 6,920 ft of water and was drilled to a depth of 29,404 ft.

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Drillers, hold on for an ugly ride

Posted on 20 January 2009 in News

Marshall Adkins

With the US natural gas market facing a demand problem on top of supply troubles, it’s possible for the US land rig count to decrease by 60% or even 70% in the coming year, said Marshall Adkins, managing director of Raymond James & Associates, at the IADC Houston Chapter Luncheon on 20 January.

In fact, we may have to shut in 10 billion cu ft of gas a day for three to four months this summer. “We’ve never seen anything like that,” he said.

With oil, the short-term outlook is bad but uncertain (improvement is possible). On the negative side, the global economic meltdown is pulling down both demand and pricing. On the positive side, oil’s long-term outlook remains strong. Plus, OPEC will certainly make further cuts in production this year – perhaps up to 3 million bbl/day. There’s also been a downward trend in non-OPEC supply, with Russia being a key factor in that decline and global credit problems possibly accelerating the fall.

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IADC Advanced Rig Technology Committee finalizing top drive survey

Posted on 20 January 2009 in News

 Had top drive downtime? Here’s your chance to provide feedback that will help you, your company and the industry. The Reliability Subcommittee of the IADC Advanced Rig Technology Committee is finalizing a short but comprehensive survey on top drive downtime, which should be announced in a few weeks.

The survey asks for information on top drive failures, type of top drive, time in service, and other key information.

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IADC Denver Chapter is now Rocky Mountain Chapter

Posted on 20 January 2009 in News

 In an effort to increase participation from individuals and companies operating in the Rockies Region, the IADC Denver Chapter has officially changed its name to the IADC Rocky Mountain Chapter.

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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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