Home / News (page 3)


Vantage Drilling announces contract extension for Emerald Driller


Vantage Drilling International has announced that its drilling services contract for the Emerald Driller jackup will be extended for two years, beginning May 2018. Ihab Toma, the company’s CEO, commented, “We are very pleased that we will continue to work with one of our esteemed clients and keep our rigs working in this challenging environment. I thank our team on the rig, as it was their performance that made this happen.”

Read More »

Baker Hughes reports 11-rig decrease in US rig count


The US rig count fell by 11 this week, reaching 898 rigs, according to the Baker Hughes weekly rig count. Onshore, US drillers idled nine rigs, putting the active land rig count at 879. Offshore, the count dropped from 20 to 18 rigs. Of the total US rig count, 729 are drilling for oil and 169 for gas. One week ago, those numbers stood at 737 and 172, respectively.

Read More »

Maersk Drilling secures North Sea contract with Nexen Petroleum


Maersk Drilling has been awarded a contract by Nexen Petroleum UK following a competitive tender exercise for the drilling of three wells and options for nine additional wells at UK’s largest producing oil field, the Buzzard field in the Central North Sea. The drilling campaign is for phase 2 of the Buzzard development project and is planned to commence around July 2018. The estimated duration of the initial firm contract period is 225 days. The drilling campaign will be carried out by one of Maersk Drilling’s I-class jackups currently operating in Norway. The I-class jackups are of a CJ70 design. “This is an important win in a challenged market, and we appreciate this opportunity to leverage our extensive experience in the North Sea ...

Read More »

ART Committee considers data quality challenges, electronic DDR


The IADC Advanced Rig Technology (ART) Committee is moving forward with new projects on several fronts, including an initiative to digitize daily drilling reports (DDRs). In this video with DC, Robin Macmillan, Chairman of the IADC ART Committee, talks about potential future work plans being discussed within the ART group, as well as findings from an audience poll taken at the 2017 IADC ART Conference, held 24-25 October in Amsterdam.

Read More »

Madsen: Industry must embrace innovation, digitization to drive sustainable change


By Linda Hsieh, Managing Editor The drilling industry must transform itself in order to reach a sustainable and lower level of cost for oil production, and this transformation can’t be achieved by making small improvements. “We need to rethink our approach to innovation,” Jorn Madsen, CEO of Maersk Drilling, said at the 2017 IADC Advanced Rig Technology Conference on 24 October in Amsterdam. “We need to embrace digital solutions that can bring drilling productivity to the next level – and not only drilling productivity but also productivity in other parts of the value chain.” Further, to make the kind of significant improvements that are needed, companies must recognize that this is a commodity industry. “We, as an industry, need to ...

Read More »

Blockchain technology may contribute to evolution of drilling data sharing


The current model of data sharing in the drilling industry is broken, Andrew Bruce, CEO of DataGumbo, said at the 2017 IADC Advanced Rig Technology Conference in Amsterdam on 25 October. In this video with DC, Mr Bruce discusses how data sharing might evolve in the coming years, as well as alternative models for data sharing that are being enabled by emerging technologies like Blockchain. Also, read Mr Bruce’s article about data ownership and sharing from the Sept/Oct 2017 issue of DC.

Read More »

Artificial intelligence-enabled flexibility at heart of cognitive drilling platform


By Linda Hsieh, Managing Editor Schlumberger is in the final stages of commissioning its Rig of the Future, which should be commercial by early 2018, Arindam Bhattacharya, President of Schlumberger Land Rigs, said at the 2017 IADC Advanced Rig Technology Conference on 25 October in Amsterdam. The rig brings together not only automation but also mechanization, including a central hoisting and rotating system, as well as an integrated fluid system that will help to integrate workflows like cementing and managed pressure drilling. Elements of the downhole system, like stick-slip mitigation, can also be optimized through automation. The Rig of the Future project was driven by the lower oil price environment and the desire to thrive, not just survive, in this ...

Read More »

Chevron partners with Microsoft to fuel digital transformation


Chevron has announced a seven-year partnership with Microsoft, establishing the company as Chevron’s primary cloud provider and accelerating the application of advanced technologies, including analytics and the internet of things (IoT), to drive performance and improve efficiencies. “We embrace every opportunity that streamlines our workflows, gives us insights into more efficient operations and helps us compete,” said Joe Geagea, Chevron’s Executive Vice President of Technology, Projects and Services. “We already have a head start in digitizing our oilfields, but we want to accelerate our deployment of new technologies that position us to increase our revenues, lower our costs and improve the safety and reliability of our operations.” The Microsoft strategic partnership is part of Chevron’s overall digitization initiative, a multi-year effort to streamline information technology ...

Read More »

ADIPEC 2017 offers networking, business opportunities for oil and gas professionals worldwide


Each year, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) provides an avenue for industry professionals to convene, conduct business and share experiences and lessons learned. This year’s conference, to be held 13-16 November, will be no different, with more than 2,200 exhibiting companies – including 16 leading international oil companies (IOCs) and 18 leading national oil companies (NOCs) – anticipated to attend. For exhibitors, the event serves as a platform to showcase their latest technologies and solutions to the complex challenges facing the industry today. On the IOC side, this year’s exhibiting companies include oil majors such as BP, Shell and ExxonMobil, while the NOC lineup includes Petronas, Saudi Aramco and Qatar Petroleum. Other exhibiting companies include service ...

Read More »