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CONSOL Energy, Noble Energy to separate Marcellus Shale joint venture

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CONSOL Energy and Noble Energy jointly announced that the two companies have entered into a definitive agreement to separate their Marcellus Shale 50-50 Joint Venture (the "Exchange Agreement"). The two companies have negotiated a separation of the Joint Venture that was formed in 2011 for the exploration, development, and operation of primarily Marcellus Shale properties in Pennsylvania and West Virginia.

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GE, Baker Hughes agree to create full-stream digital industrial services company

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GE and Baker Hughes announced that the companies have entered into an agreement to combine GE’s oil and gas business (“GE Oil & Gas”) and Baker Hughes to create a world-leading oilfield technology provider with a unique mix of service and equipment capabilities. The “new” Baker Hughes will be a leading equipment, technology and services provider in the oil and gas industry with $32 billion of combined revenue and operations in more than 120 countries. By drawing from GE technology expertise and Baker Hughes capabilities in oilfield services, the new company will provide best-in-class physical and digital technology solutions for customer productivity.

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PSA updating barrier management guidelines to incorporate operational, organizational barriers

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Norway’s Petroleum Safety Authority (PSA) is updating its barrier management guidelines to include organizational and operational barriers, in additional to technical barriers. After PSA conducted studies and participated in a multinational audit on barrier management, the regulator concluded there is a need for a more systematic approach to barrier management. Such an approach is needed...

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Hemmingsen: Well control must remain a priority for the industry, regardless of economic landscape

Maersk Drilling CEO Claus Hemmingsen urged companies to share their knowledge and experience with one another in order to improve safety for everyone. Mr Hemmingsen, who also serves as Group Vice CEO of A.P. Moller-Maersk A/S, delivered the keynote speech at the 2016 IADC Well Control Europe Conference in Copenhagen on 19 October.

Although the downturn is forcing drilling contractors to stack rigs and make necessary budget cuts, the industry must maintain well control competence as a top priority, Claus Hemmingsen, CEO of Maersk Drilling, said. Mr Hemmingsen, who also serves as Group Vice CEO of A.P. Moller-Maersk A/S, gave a keynote address at the 2016 IADC Well Control Europe Conference in Copenhagen on 19 October. “We must take any opportunity we can to learn from each other and take advantage of the broader industry performance, including the mistakes that we make, to ensure that we will not repeat those mistakes and expose people, environment and economic interest to accidents,” Mr Hemmingsen said.

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Proactively using annular friction can enable safer, more efficient well control

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Historically, the effects of annular friction have largely been ignored in conventional well control operations, Paul Sonnemann, Vice President of Technology for SafeKick, said at the 2016 IADC Well Control Europe Conference in Copenhagen. However, new technologies, including real-time hydraulic flow models, make it possible to make use of annular friction to make well control operations more safe and efficient. In this video from the conference on 19 October, Mr Sonnemann explains why friction has largely been ignored to date and how annular friction can be utilized with conventional well control equipment to circulate out a kick. He also discusses the newly formed IADC Well Control Practices Subcommittee.

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Atwood’s Saltiel: Human factors often define success, failure in drilling industry

While often overlooked, human factors are critical to safe and successful execution of offshore drilling operations, Rob Saltiel, President and CEO of Atwood Oceanics, said at the 2016 IADC Human Factors Conference in Galveston, Texas, on 5 October.

Human factors have traditionally been overlooked in the drilling industry, but recognition is growing that human factors are critical to ensuring that employees complete their tasks safely and efficiently. “Clearly, our industry depends greatly on deep understanding of technical knowledge and rigorous adherence to operation procedures. Yet, more often than not, it is the human factors that define our success or failure in this industry,” Rob Saltiel, President and CEO, Atwood Oceanics, said at the 2016 IADC Human Factors Conference in Galveston, Texas, on 5 October.

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