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Eni awarded 3 new exploration licenses in Egypt

Posted on 25 September 2014 in Global and Regional Markets, News

Eni was the successful bidder of three new exploration licenses in Egypt as a result of the competitive 2013 EGPC and EGAS bid rounds. The new licenses will be formally awarded after the ratification…

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Petrobras finds gas in Sergipe-Alagoas Basin

Posted on 25 September 2014 in News, The Offshore Frontier

While drilling extension well 3-BRSA-1022-SES (3-SES-181), Petrobras discovered gas. Poço Verde 1 well, 58 km off the coast of Aracaju, is in the Poço Verde Discovery Evaluation Plan area…

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Panel: Development of 20,000-psi BOP impacts entire rig

Posted on 23 September 2014 in Innovating While Drilling, News, The Offshore Frontier

The development of 20,000-psi drilling equipment and systems has been on industry’s agenda to meet operational needs in challenging frontiers. Although the BOP is a major focus in this effort…

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Siemens to acquire Dresser-Rand for $7.6 billion

Posted on 23 September 2014 in News

Siemens has entered into an agreement with Dresser-Rand to acquire all of the issued and outstanding common shares of Dresser-Rand. The offer price is $83 per common share in cash or a total transaction value of…

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‘Transformational technologies’ to support drilling systems automation

Posted on 23 September 2014 in IADC: Global Leadership, Global Challenges, Innovating While Drilling, News

On the road to drilling systems automation (DSA), communication plays a key role, in which physical mediums and standards enable disparate solutions…

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Shell: Sharing software solutions would move industry closer to rig automation

Posted on 22 September 2014 in News

When asked what will accelerate the adoption of modern technologies commonly used in other industries, 53% of approximately 150 people polled at the 2014 IADC Advanced…

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Maersk Drilling receives one-year extension for Maersk Convincer

Posted on 22 September 2014 in Global and Regional Markets, News, The Offshore Frontier

Petronas Carigali has extended the contract for the jackup rig Maersk Convincer by one year. Consequently, the rig will be on contract with Petronas until mid-November 2015…

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Patterson-UTI Energy to acquire Texas-based pressure pumping assets

Posted on 22 September 2014 in Global and Regional Markets, News, Onshore Advances

A subsidiary of Patterson-UTI Energy has entered into an agreement to acquire the Texas-based pressure pumping assets of a privately held company…

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Video: Standardized communication key to progress of automation

Posted on 19 September 2014 in Innovating While Drilling, News, Videos

As automation technologies develop, it’s critical for the industry to establish standardized means of communication and terminology, John Berra, former Chairman of Emerson…

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Video: Gene Facey receives IADC Exemplary Service Award

Posted on 19 September 2014 in IADC: Global Leadership, Global Challenges, News, Videos

Gene Facey, a passionate volunteer and representative of the offshore drilling industry, recently was recognized with an IADC Exemplary Service Award. Stephen Colville, IADC…

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Recent Drilling News

  • 22 October 2014

    Shell discovers gas in pre-salt reservoir offshore Gabon

    Shell announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 m net gas pay…

  • 22 October 2014

    Statoil proves new oil resources near Grane field in North Sea

    Well 25/8-18 S, drilled by the rig Transocean Leader, proved an oil column of 25 m in the Heimdal Formation. The estimated volume of the discovery…

  • 21 October 2014

    IADC Cybersecurity Task Group to provide industry guidance to assess risks

    The oil and gas industry is not immune to cybersecurity threats, from computer viruses and malware to targeted attacks. The IADC Advanced Rig Technology (ART) Committee…

  • 21 October 2014

    Check-6 launches RIGOR digital checklist and compliance system

    Check-6 has launched RIGOR, a checklist-based mobile app to help simplify complex procedures and mitigate human error on the rig. Taking lessons from the aviation industry…

  • 21 October 2014

    Video: Next IADC Land Contract update to start in 2016

    The latest version of the IADC Land Contract was released in November 2013. Various incidents, including Macondo, delayed the release. “It’s an industry contract…

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