Home / News (page 15)

News

Challenges, limitations must be understood before industry can fully leverage data mining

screen-shot-2017-07-05-at-11-16-16-am

Data mining is defined as the computing process of discovering patterns in large data sets involving methods at the intersection of machine learning, statistics and database systems. How to best leverage data mining is something that the drilling industry is still trying to determine. In this video from the 2017 IADC World Drilling Conference on 29 June in Amsterdam, Christian Herbig, Project Engineer at the Baker Hughes Celle Technology Center in Germany, discusses the main challenges to leveraging big data in drilling, as well as benefits/limitations of data mining...

Read More »

Wired drill pipe enables automation, optimization of drilling process

screen-shot-2017-07-05-at-11-16-39-am

Maersk Drilling and National Oilwell Varco (NOV) recently collaborated on a project in the Norwegian North Sea in which wired drill pipe technology was installed and deployed on a jackup to improve the drilling process. The details of this project were discussed in a presentation at the 2017 IADC World Drilling Conference on 28 June in Amsterdam. The presentation was jointly delivered by Sarah Balangalibun, Senior Mechanical Engineer for Maersk Drilling, and Sanna Zainoune, Senior Dynamic Drilling Solutions Engineer with NOV. In this video with DC, Ms Balangalibun and Ms Zainoune talk about the challenges on this Norwegian field that led to the implementation of wired drill pipe technology, specific applications that were deployed the rig, as well as results achieved. Watch the video to learn more...

Read More »

Thigpen: Improving performance, efficiency will be key for offshore to compete with shales

ThigpenTN

The offshore industry has reduced deepwater development costs by up to 50% over the past couple of years, much of it sustainable, but is that enough for deepwater to compete with shales for investors’ capital? In the near term, probably not, acknowledged Jeremy Thigpen, Transocean President and CEO, in a keynote presentation at IADC World Drilling 2017. But in the long term, there remains a critical need for deepwater resources...

Read More »

Companies should leverage data to make people, not machines, smarter

screen-shot-2017-07-05-at-11-16-52-am

When talking about big data, the focus is often on using it to improve machine or software capabilities. However, the goal of big data should actually be to enable better human decision-making, Amit Mehta, Chief Excellence Officer for data analytics company Moblize, said at the IADC Drilling Engineers Committee Technology Forum, held on 14 June in Houston. In this video with DC, Mr Mehta explains how engineers can use big data to improve their performance and separate fact from fiction...

Read More »

Proposed JIP to develop new software concept for RhoVe method

screen-shot-2017-07-05-at-11-17-06-am

During the IADC Drilling Engineers Committee Technology Forum on 14 June in Houston, Matt Czerniak, Director of GCS Solutions, proposed a new JIP to establish a software concept for the RhoVe method. In this video from the forum, Mr Czerniak explains the RhoVe method, a pore pressure analysis approach that produces a model-driven, stand-alone set of virtual rock relationships. He also explains the goals of the JIP, as well as how the industry can get involved...

Read More »

Collins: Industry shouldn’t return to old normal but adapt itself to new energy world

dsc_6625tn

After a difficult and often painful couple of years, the drilling industry is itching to get back to work and return to “normal.” Yet, returning to the old normal is not necessarily a good thing, Michael Collins, VP Wells Joints Ventures for Shell, said at IADC World Drilling 2017 last week. “I think there’s a massive opportunity for us to evolve,” Mr Collins said on 28 June in Amsterdam. “We can take advantage of a new norm. We can take advantage of evolving the way we plan our activities, the way we execute, the way we manage our people, our human resources, and the way we bring technology to bear to improve the robustness and longevity of the business. It’s about transformation.”...

Read More »

Sola Falodun recognized with IADC Exemplary Service Award

dsc_6670tn

Sola Falodun, General Manager, Drilling and Completion Systems for Nigeria-based OES Energy Services, was presented with an IADC Exemplary Service Award at IADC World Drilling 2017 on 28 June in Amsterdam. Mr Falodun was recognized for his service as Chairman of the IADC Nigeria Chapter, as well other contributions to the organization, including serving on the Program Committee for IADC Drilling Africa...

Read More »

Baker Hughes, GE complete merger to form BHGE

bhge

Baker Hughes, a GE company announced that the transaction combining GE’s oil and gas business with Baker Hughes is complete. The new company is the first and only to bring together industry-leading equipment, services and digital solutions across the entire spectrum of oil and gas development....

Read More »

US rig count falls falls for first time in six months

Offshore default

Since January, the number of rigs drilling for oil and gas in the US has been steadily increasing. However, the number of oil rigs dropped by two this week, reaching 756 units, according to the Baker Hughes weekly rig count. The number of gas rigs increased by one. This puts the total US rig count at 940, compared to last week’s 941. One year ago, there were 431 rigs drilling in the US.

Read More »