Archive | News

IADC forms European Operations Forum

Posted on 31 July 2008 in News

As part of its continuing effort to promote HSE commitment and advances in drilling technology, IADC is forming the European Operations Forum (EOF). The EOF will build on the achievements of the European Working Group and develop a stronger IADC regional body focusing on policies that effectively meet drilling contractors’ 21st-century needs.

PrintFriendlyShare This

Comments (0)

Halliburton introduces WellLife III cementing solution

Posted on 31 July 2008 in News

Halliburton Cement Assurance Tool

Halliburton Cement Assurance Tool

Halliburton has announced the delivery of WellLife III cementing service, a comprehensive solution designed to increase the economic life of wells. The solution incorporates three synergistic components: diagnostics tools, engineered cement systems and zonal isolation assurance tool.

The service aims to evolve the cementing operation beyond the conventional cement-design method that predominantly focuses on well-construction activities. This service is an interventionless react-and-respond solution designed to help address the industrywide challenge of the loss of zonal isolation due to changes in the wellbore that can stress the cement sheath and lead to destabilization at any point during the life of the well.

Comments (0)

DOE, drilling contractors meet to discuss geothermal drilling

Posted on 14 July 2008 in News

DOERepresentatives from the US Department of Energy (DOE) met with drilling contractors in a meeting at IADC’s Houston headquarters in early June to discuss geothermal drilling and the new drilling opportunities it can offer rig owners.

The DOE is renewing its push for geothermal E&P through increased funding for research & development – on 18 June, the group announced it’s making $90 million available over the next four years for new technology projects. The goal is to enable commercialization of enhanced geothermal systems (EGS), which the DOE believes has the potential to make geothermal energy a true alternative to oil and natural gas.

Comments (0)

Norwegian Petroleum Museum hosts meeting of IADC International Forum of Energy Centres and Museums

Posted on 14 July 2008 in News

IFECM

From left: Kathy Shannon, the Petroleum Museum; Jason McFarland, IADC; Dianne Allen, Canadian Petroleum Interpretive Center; Sandra Mourton, Offshore Energy Center; Paul Bernhard, Houston Museum of Natural Science; Finn Krogh, Norwegian Petroleum Museum; Gulnara Agayeva, Caspian Energy Centre; Seth Green, International Petroleum Museum & Exposition; and Martin Salesch, Deutsches Erdölmuseum Wietze.

Stavanger, a critical operations base for Norway’s buzzing drilling industry, was the host city for the third gathering of IADC’s International Forum of Energy Centres and Museums (IFECM) on 16-17 June. Delegates from eight energy centers representing five countries – Azerbaijan, Canada, Germany, Norway and the United States – convened at the Norwegian Petroleum Museum to share ideas on improving public perception of the drilling industry.

Participants discussed ongoing projects, as well as possible future collaborative efforts such as the digitization/preservation of historical oilfield documents. However, the central theme of the forum remained public outreach, and the group shared ideas such as brown-bag lunches, career days, discovery days, “pre-visit packs” and family activity days.

Comments (0)

IADC chairman Lindsay meets with Colorado governor

Posted on 14 July 2008 in News

John Lindsay2008 IADC chairman John Lindsay of Helmerich & Payne joined a group of producer representatives in a Denver meeting with Colorado Gov. Bill Ritter in late May to express grave concerns about proposals of the Colorado Oil and Gas Conservation Commission (COGCC) to limit E&P activity in the state.

Specifically, Mr Lindsay took issue with draft regulations that would suspend drilling operations for three months each year, allegedly in the interest of wildlife protection. On behalf of the drilling industry, he argued that not only would that discourage contractors from working in the state, but the drilling suspension could actually be as long as five months, considering the time needed for rig mobilization and de-mobilization.

Comments (0)

Scorpion Offshore marks entry to deepwater floater market with order to construct new semi

Posted on 14 July 2008 in News

 A compact fifth-generation rig design, the DSS 38 has an enhanced deck load capacity and a user-friendly layout.

Scorpion Offshore has signed a contract with Keppel FELS to construct a deepwater semisubmersible at Keppel’s shipyard in Singapore. Construction is expected to span 42 months, with delivery in Q4 2011 at an anticipated cost of approximately $700 million, including owner furnished equipment, commissioning, project management and financing costs.

This rig will be based on Keppel’s proprietary DSS 38 design, a dynamically positioned, four-column semisubmersible capable of drilling wells to 8,500 m in water depths up to 2,400 m. The rig was ordered pursuant to a letter of commitment (LOC) from Petrobras for operations beginning prior to June 2012. The LOC has a duration of six years with potential revenue of approximately US $1.1 billion plus operating cost inflation adjustments throughout the contract term.

Comments (0)

Transocean, Petrobras announce 10-year rig deal

Posted on 14 July 2008 in News

Transocean announced in late June that its subsidiaries have reached an agreement with subsidiaries of Petrobras and Mitsui to acquire a newbuild ultra-deepwater drillship under a capital lease contract. In conjunction with the capital lease contract, subsidiaries of Petrobras and Transocean have entered into a 10-year drilling contract covering worldwide operations, with an option by Petrobras to extend the term of the drilling contract by up to an additional 10 years.

Comments (1)

Chairman elected for IADC Well Servicing Committee

Posted on 14 July 2008 in News

IADC Well Servicing CommitteeJoe Eustace, president of Pioneer Production Services, was elected chairman of the new IADC Well Servicing Committee at the group’s meeting in Houston on 19 June. The mission of the IADC Well Servicing Committee is to advance the interests of IADC’s well-servicing members in HSE, well control, training, regulation/legislation and other areas where IADC’s expertise proves advantageous. The IADC Well Servicing Committee will pursue initiatives both independently and in collaboration with other key industry organizations.

Comments (0)

Advanced Rig Technology Committee work groups meet, elect officers

Posted on 14 July 2008 in News

IADC ART CommitteeSubcommittees of the IADC Advanced Rig Technology Committee met during the first two weeks of July, took a hard look at the issues surrounding rig automation, now and in the future, and chose leadership to chart the committee’s direction.

The Software Interface Subcommittee, meeting on 1 July, sought answers to pursue a “lofty goal” of barrier-free, standard electrical interfaces among all systems on drilling/production facilities, preferably with browser based-diagnostic tools. However, this level of harmony may prove unreachable.

Therefore, the group began with a more practical effort – to survey the needs of contractors and operators.

Comments (0)

Personnel, equipment supply challenge industry in time of growth

Posted on 12 June 2008 in News

Claus ChurClaus Chur 

There’s no doubt that the drilling industry is growing. And although growth is good, it also comes with myriad challenges, said KCA DEUTAG director of technical services Claus Chur in his keynote address on the closing day of the IADC World Drilling 2008 Conference in Berlin.

Mr Chur, who served as the 2006 IADC chairman, referred to the keynote presentation given the day before by Professor Dr Kurt Reinicke of the Clausthal University of Technology Institute of Petroleum Engineering. Dr Reinicke had pointed out that demand for energy will continue to increase worldwide, and the majority of that demand must be supplied by oil and natural gas in the near future.

Comments (0)

Recent Drilling News

  • 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…

  • 09 September 2014

    PTTEP: NOCs, IOCs and service companies must combine strengths to overcome challenges

    As assets become more mature and operations become more complex, industry is challenged with finding economical and environmentally friendly operating strategies...

  • Read more news

    FEATURED MICROSITES