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Clay Williams: Steeper decline curves and growing demand make this downturn different from the 1980s

Speaking at the 2015 IADC Annual General Meeting in San Antonio, Texas, on 6 November, Clay Williams, Chairman, President and CEO of National Oilwell Varco, pointed to key factors that differentiate the current industry slump from the downturn that it faced in the 1980s.

A common refrain that is starting to echo through the industry in this downturn is that this feels like the deep and protracted industry downturn of the 1980s. “So far, this does look like the 1980s,” Clay Williams, Chairman, President and CEO of National Oilwell Varco, said during an address at the 2015 IADC Annual General Meeting in San Antonio, Texas, on 6 November.

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Noble’s David Williams is 2015 IADC Contractor of the Year

David Williams (left) accepts the 2015 IADC Contractor of the Year award from Clay Williams, President and CEO of National Oilwell Varco, at the 2015 IADC Annual General Meeting on 6 November in San Antonio, Texas.

David Williams, Chairman of the Board, President and CEO of Noble Corp, has been recognized as 2015 IADC Contractor of the Year. Accepting his award on 6 November at the 2015 IADC Annual General Meeting in San Antonio, Texas, Mr Williams thanked all the people he has worked with during his career, noting that he has learned something from everyone. “It’s certainly been a privilege for me to work in this business,” he said.

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Kenny Baker of Cactus Drilling wins IADC Chairman’s Anniversary Award

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Kenny Baker, Drilling Superintendent for Cactus Drilling, received the inaugural IADC Chairman’s Anniversary Award on 5 November at the 2015 IADC Annual General Meeting in San Antonio, Texas. The award recognizes individuals working in the field who have helped improve performance for the drilling industry. In this video, Mr Baker recounts his work at Cactus that led to this award, as well as lessons he’s learned about safety during his career in the industry.

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