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

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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...

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

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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...

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Proposed JIP to develop new software concept for RhoVe method

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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...

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

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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.”...

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Sola Falodun recognized with IADC Exemplary Service Award

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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...

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Baker Hughes, GE complete merger to form BHGE

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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....

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US rig count falls falls for first time in six months

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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.

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ONGC awards contract to Vantage Drilling’s Platinum Explorer

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Vantage Drilling announced that its ultra-deepwater drillship, the Platinum Explorer, has received a letter of award for a three-year contract from Oil and Natural Gas Company (ONGC). The Platinum Explorer is planned to mobilize to India in the fourth quarter of 2017. Expected revenues over the three-year contract term, exclusive of service tax, are approximately $118 million...

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OSHA proposes delay for rule on electronically submitting injury, illness reports

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The US Department of Labor’s Occupational Safety and Health Administration (OSHA) has proposed a delay in the electronic reporting compliance date of the rule, Improve Tracking of Workplace Injuries and Illnesses, from 1 July 2017 to 1 December 2017. The proposed delay will allow OSHA an opportunity to further review and consider the rule. The agency published the final rule on 12 May 2016 and has determined that a further delay of the compliance date is appropriate for the purpose of additional review into questions of law and policy. The delay will also allow OSHA to provide employers the same four-month window for submitting data that the original rule would have provided. OSHA invites the public to comment on the proposed ...

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