Archive | News

NOV's David Reid named chairman of IADC Advanced Rig Technology Committee

Posted on 18 November 2008 in News

 David Reid, vice president, E&P technology & business for National Oilwell Varco, has been named chairman of the IADC Advanced Rig Technology Committee. Mr Reid previously served as the committee’s vice chairman-service companies and succeeds Steve Richards, who had served as interim chairman.

Mr Reid is responsible for developing corporate business interaction with strategic E&P companies. Previously, he was vice president of products for NOV’s Rig Solutions Division and vice president of marketing and business development for Varco. 

PrintFriendlyShare This

Comments (0)

Behavioural workshop to precede IADC Drilling HSE Middle East 2009

Posted on 18 November 2008 in News

In answer to member requests, IADC has organized its first Behaviour Based Safety Workshop, an interactive event to be held on 20 April, the day before IADC Drilling HSE Middle East 2009 (21-22 April, Abu Dhabi).

To ensure that each workshop participant can optimize participation, the workshop is limited to 35 attendees. (There is no such limitation on the 21-22 April conference, however.)

IADC and its global membership consistently support the ongoing effort for world-class safety performance in the oil and gas industry. The variety of disciplines considered (both technical & behavioural) in the quest for the ideal safety culture has been extensive, and nobody has been more involved in the process than the global drilling community.

Comments (0)

1st expandable installation with cement, underreaming completed

Posted on 18 November 2008 in News

Enventure Global Technology has announced the successful completion of the first commercial well using its SET expandable system that eliminated cementing and underreaming operations. This milestone comes on top of the 21-day, $1 million per well savings established by incorporating expandable open-hole liners in a well slimming program, the company said in a release.

The company says that the key for success in the HPHT gas well in Robertson County near Franklin, Texas, was the use of a 6 x 7 5/8-in. SET system and swellable elastomer technology. This system utilized the swellables to provide zonal isolation of the approximately 1,000-ft drilling liner.

Comments (0)

2009 IADC officers elected

Posted on 17 November 2008 in News

   
Claus Hemmingsen,
Maersk Drilling
Louis Raspino,
Pride International

Claus Hemmingsen, CEO of Maersk Drilling, was elected as IADC’s 2009 chairman at the association’s Annual Meeting, held 6-7 November 2008 in Scottsdale, Ariz. Delivering a speech on the industry’s environmental culture during the meeting, Mr Hemmingsen noted that “a host of environmentally founded activities will take place under our umbrella” in the next year. “I look forward to taking part in a responsible industry approach to achieve drilling with environmental integrity,” he said. (More on this speech can be found here.)

Louis Raspino, president and CEO of Pride International, was elected as the new vice chairman. Phil Rider, assistant controller–accounting, reporting and compliance for Transocean, was re-elected secretary-treasurer.

Comments (0)

IADC Well Servicing Committee to focus on mast integrity, well control

Posted on 17 November 2008 in News

The IADC Well Servicing Committee will launch an education initiative to improve mast integrity on service rigs through inspections and certifications.

Committee chairman Joe Eustace, president of Pioneer Production Services, will kick off the initiative with an editorial in Drilling Contractor. The editorial will focus on mast inspections.

Comments (0)

WellCAP instructor qualifications to change

Posted on 17 November 2008 in News

Members of the IADC Well Control Committee met on 12 November 2008 and voted to accept proposed changes to the WellCAP Instructor Qualifications. After nearly two years of review, discussions and revisions, the changes were approved in a nearly unanimous decision. The new requirements will impact all new instructor applicants, as well as the more than 600 current WellCAP instructors.

Comments (0)

US MMS begins process for lease sale offshore Virginia

Posted on 17 November 2008 in News

The US Minerals Management Service (MMS) has taken the first step in the multi-year leasing process to hold a sale for acreage offshore Virginia.  The Call for Information and Interest/Nominations and Notice of Intent (Call/NOI) to Prepare an Environmental Impact Statement (EIS) was scheduled for publication and public comment on 13 November.

The purpose of the Call/NOI is to gather information to use for planning and analysis and does not indicate a preliminary decision to hold a lease sale, according to a news release from MMS.

Comments (0)

IEA forecasts unrelenting demand for energy

Posted on 17 November 2008 in News

Despite current recession-driven contractions in energy demand and pricing, a new report by the International Energy Agency (IEA) forecasts that the long-term energy scenario is one of steady growth. The report expects that world oil demand will rise to 106 million bbl/day by 2030, an increase of 24% from 2007’s 84 million bbl/day. Meeting overall energy demand will require more than US$26 trillion. While the power sector will account for $13.6 trillion (52%), most of the rest, according to the report, will go to oil and gas, mostly for exploration and development.

The IEA says that the entire projected increase in world oil demand will come from non-OECD countries, with 80% coming from China, India and the Middle East.

Comments (0)

ART vice chairman wins 'Next Generation Award'

Posted on 17 November 2008 in News

Frank SpringettFrank Springett of National Oilwell Varco , vice chairman of the Future Technology Subcommittee of the IADC Advanced Rig Technology Committee, was selected as the inaugural winner of World Oil’s “Next Generation Award” on 16 October. The award recognized Mr Springett for his innovative thinking and numerous contributions to developing new products for the industry.

Comments (0)

At IADC Annual Meeting, drillers outlook for 2009 is mix of caution, optimism

Posted on 07 November 2008 in News

Despite the global financial crisis and the election of a Democratic president just a few days earlier, IADC kicked off its 2008 Annual Meeting on 6 November in Scottsdale, Ariz., amid a general mood of cautious optimism. In the Drillers Outlook session, executives from Hercules Offshore, Precision Drilling Trust and Transocean provided insight into the volatile market and key issues contractors face.

John Rynd, Hercules CEO and president, noted the drilling industry has dealt with reduced CAPEXes many times in the last couple of decades. By now, we know how to deal with that and make it work. Experience has also taught us how to work around declining commodity prices.

However, we’ve not had to deal with a global financial crisis, and that is a great unknown causing this industry a lot of concern. “Given that, I think everyone will go into 2009 being very, very conservative with their cash,” he said.

Comments (0)

Recent Drilling News

  • 18 September 2014

    Wild Well launches Singapore-based capping stack

    Wild Well Control, a Superior Energy Services company, has unveiled its new subsea capping stack, located in Singapore. It is part of Wild Well’s comprehensive emergency...

  • 15 September 2014

    US Treasury announces expanded sanctions with Russian companies

    US Treasury Secretary Jacob J. Lew has announced that persons operating within Russia’s defense and related materiel sector may now be subject to targeted sanctions…

  • 11 September 2014

    Cameron elects Scott Rowe as President and COO

    Scott Rowe will assume the newly created position of President and COO of Cameron, effective 1 October 2014. In his new role, he will report directly to Jack Moore, Chairman and CEO of the company...

  • 11 September 2014

    Statoil, GE and Ferus Natural Gas Fuels expand flare gas solution in Bakken

    A joint venture of GE and Ferus Natural Gas Fuels (Ferus NGF), along with Statoil plan to expand a pilot project to capture flare gas and use it to power up to six...

  • 10 September 2014

    6 elements of successful collaboration among NOCs, IOCs, service companies

    The oil and gas landscape is shifting, with the continuing growth of NOCs and the industry going toward unconventional resources and new frontiers…

  • Read more news

    FEATURED MICROSITES