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Willy Brandt receives IADC Exemplary Service Award

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At the 2016 IADC World Drilling Conference in Lisbon on 15 June, IADC President and CEO Jason McFarland presented an Exemplary Service Award to Willy Brandt, who recently retired from Transocean as VP of Customer Accounts and Advisor to the COO. Mr Brandt has worked in the industry for more than four decades and has held various positions in both headquarters and field assignments in locales such as West Africa, the Middle East, Europe, Asia and the US. During his career, Mr Brandt served as Chairman and member of the IADC North Sea Chapter from 1990 to 1997 and was a member of the IADC World Drilling Program Committee from 2007 to 2016. He was also a member of the High-Pressure, High-Temperature Workgroup North Sea in 1989 and a member of the IADC Rig Safety Group in 1980. “I would like to thank the IADC to have been given the opportunity to work with great people – great collaboration,” Mr Brandt said. “When I look back, I can only look at it with great pleasure.”

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Galp Energia: Industry must work together to bring about sustainable business models

Carlos Gomes da Silva, CEO of Galp Energia, urged the industry to collaborate for sustainable cost reductions during a keynote speech at the 2016 IADC World Drilling Conference in Lisbon on 15 June.

For the drilling industry to come out of the market downturn with sustainable cost reductions, cooperation between operators and the service sector will be key. “It is now, in these times, that we have to be closer to each other,” Galp Energia CEO Carlos Gomes da Silva said during a keynote speech at the 2016 IADC World Drilling Conference in Lisbon on 15 June. Galp Energia has a market cap of approximately €10 billion ($11.2 billion) and operations in 14 countries, with 11 sanctioned projects currently producing...

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NOV announces technology advancement in the lifecycle management of wellbore products

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National Oilwell Varco (NOV) announced that it has introduced an advancement in radio frequency identification (RFID) technology and asset management software for the oil and gas industry. NOV’s latest generation RFID tag, TracTag, has been field-proven to withstand extreme drilling conditions when installed on drillstring components. The tag is currently the only RFID technology in the industry that can survive extreme downhole temperatures of -40°C to +200°C (-58°F to +400°F) and up to 1550 Bar (22’500 PSI) of pressure.

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Shale to carry critical geostrategic implications for US for coming decades

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With the US assuming a new role as a swing producer due to the unconventionals, the nation is gaining far more influence over the global oil market than before, Baron Lukas, CEO of EnviroLogic Solutions, said at the 2016 IADC Drilling Onshore Conference in Houston. In addition, shale could allow the US to become fully energy-independent. In this video from the conference on 19 May, Mr Lukas explains the geostrategic implications of US shale production. He also discusses demographic trends, such as aging populations in developed countries, that could have an impact on long-term energy demand.

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Industry pushes crew competency through training rigs, simulated environments

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Drilling contractors are increasingly using applied training environments to deepen competency and better develop high-reliability organizations. At Precision Drilling, for example, a fully functional drilling rig is being dedicated to providing crews with hands-on training in ways that traditional classroom-based training can’t. The onshore drilling industry is also looking...

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BP: Operating on model of independent operator helping to weather downturn in Lower 48

BP has been able to speed up the company’s decision-making process and innovation by forming a separate business entity for the Lower 48, said Tripp Edwards, BP VP Drilling, during the Operator’s Outlook panel at the 2016 IADC Drilling Onshore Conference in Houston on 19 May.

International supermajor BP is weathering the downturn in the Lower 48 by operating this segment of the business more like an independent. This has been achieved by forming a separate business entity for this market, allowing for faster decision making and adoption of innovations, said Tripp Edwards, Vice President...

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US onshore rig count to pick up in 2017, but recovery will be gradual

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The US land rig count is expected to remain flat for the remainder of the year, but approximately 200 rigs will go back to work in 2017, James West, Senior Managing Director at Evercore ISI, said at the 2016 IADC Drilling Onshore Conference in Houston. This signals a recovery, but it’s like to happen gradually rather than immediately. In this video from the conference on 19 May, Mr West explains some of the factors that will moderate the onshore drilling market recovery, including challenges around labor and equipment.

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