Archive | News

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.

PrintFriendlyShare This

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)

Industry contributors receive IADC Exemplary Service Awards

Posted on 07 November 2008 in News

Two industry leaders received IADC Exemplary Service Awards at the 2008 Annual Meeting on 6 November in Scottsdale, Ariz.: John Auth of Diamond Offshore and Mike Roth of ENSCO International were each recognized for outstanding contributions to the drilling industry and to IADC.

Comments (0)

Devon's Rick Mitchell: Plenty of growth opportunities ahead

Posted on 07 November 2008 in News

 Delivering the keynote address on the opening day of the IADC Annual Meeting on 6 November, Rick Mitchell of Devon Energy called for more collaboration among industry sectors and an increased focus on environmental and safety performance, as well as improvements in enabling technologies to help the development of difficult fields. He also discussed Devon’s current activities and future plans, such as with the Barnett Shale on land and the Lower Tertiary plays offshore.

Devon’s 2008 plans called for the drilling of about 2,400 wells worldwide, including more than 800 horizontal wells. North America onshore certainly remains a key operating area – taking up about 57% of 2008 capital allocation – but projects in the Gulf of Mexico, Canada, Brazil and China also are strategically important.

“For Devon, it’s really more about asset quality,” Mr Mitchell said. That includes strong land positions and large concentrated assets such as the Barnett Shale and East Texas’ Carthage area. It also includes exposure to emerging plays like the Haynesville Shale and the ultra-deepwater Lower Tertiary plays.

Comments (0)

Recent Drilling News

  • 29 September 2014

    Rosneft discovers oil in Kara Sea

    Rosneft successfully completed the drilling of the Universitetskaya-1 well in the Arctic – the northernmost well in the world, according to the company, and discovered oil at the East-Prinovozemelskiy-1 license area...

  • 26 September 2014

    Statoil and PL713 partners discover gas in Pingvin prospect in Barents Sea

    Statoil has together with PL713 partners made a gas discovery in the Pingvin prospect in the Barents Sea. The discovery is a play opener in an unexplored frontier…

  • 26 September 2014

    Maersk Drilling names fourth ultra-deepwater drillship, delivery expected in Q4

    Maersk Drilling’s fourth ultra-deepwater drillship was named Thursday morning in a ceremony at the Samsung Heavy Industries (SHI) shipyard in Geoje-Si...

  • 25 September 2014

    Eni awarded 3 new exploration licenses in Egypt

    Eni was the successful bidder of three new exploration licenses in Egypt as a result of the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded after the ratification...

  • 25 September 2014

    Petrobras finds gas in Sergipe-Alagoas Basin

    While drilling extension well 3-BRSA-1022-SES (3-SES-181), Petrobras discovered gas. Poço Verde 1 well, 58 km off the coast of Aracaju, is in the Poço Verde Discovery Evaluation Plan area...

  • Read more news

    FEATURED MICROSITES