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Panel: Industry should use downturn as an opportunity to innovate, focus on systems engineering

During the plenary session held on 2 March at the IADC/SPE Drilling Conference in Fort Worth, panelists discussed the opportunities the industry has to become more innovative and creative. From left are David Haas, Deloitte and Touche; Jon Crane, Shell; Bill Kline, retired from ExxonMobil; and Dr Jose Gutierrez, Transocean.

The oil and gas industry is in the midst of a great opportunity – an opportunity to come out of this downturn a better and more innovative industry. Innovation tends to occur when activity is low or flat because the industry has a chance to slow down and catch its breath, said Bill Kline, who recently retired from ExxonMobil after 35 years in the industry. During a plenary session titled “Out with the Old, In with the New,” held on 2 March a the 2016 IADC/SPE Drilling Conference in Fort Worth, Mr Kline referenced several innovations that emerged in the industry during the period of relatively low oil prices between the late 1980s and 2000.

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XTO President: Innovations must continue to unlock new energy supplies, end energy poverty

Speaking at the 2016 IADC/SPE Drilling Conference on 1 March in Fort Worth, Texas, Randy Cleveland, President of XTO Energy, urged the industry to focus on the long term and sustain its efforts on innovation.

ExxonMobil projects that, by 2040, there will be 2 billion new consumers of energy and 3 billion more people will join the middle class. Even factoring in significant increases in energy efficiency, global energy demand is expected to grow by approximately 25%, Randy Cleveland, President of ExxonMobil subsidiary XTO Energy, said at the 2016 IADC/SPE Drilling Conference on 1 March in Fort Worth, Texas. Such demand growth means that the industry must push forward with investments in innovation, even during the current low oil price environment, in order to unlock new supplies of energy. “By valuing the role of continuing innovation, we can continue to push our industry forward and deliver the energy that the world will need for decades to come,” Mr Cleveland said in his keynote address.

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Industrial internet of things enables industry to optimize assets

The industrial internet of things offers the oil and gas industry cost and safety benefits, Whitney Rockley of McRock Capital said in a presentation at the 2016 IADC/SPE Drilling Conference on 1 March in Fort Worth.

The world is more connected than ever before, Whitney Rockley, Co-Founder and Managing Partner of McRock Capital said at the 2016 IADC/SPE Drilling Conference in Fort Worth on 1 March. These connections are enabled by the continued evolution of the internet and digital technologies. In 2015, 18.2 billion things were connected to the internet. That’s up from 10 billion only three years prior. “The way that we process, analyze and communicate information has been and continues to dramatically change the way that we live our lives and how we work,” Ms Rockley said in her presentation. “The good news is that I think the energy industry continues to undergo constant change, and it continues to reinvent itself.”

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IADC Nigeria Chapter sets goal to reduce NPT by 15-20% by 2018

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The IADC Nigeria Chapter has come a long way since it was established in October 2012. Through the efforts of engaged members, the chapter has been able to increase its visibility within the Nigerian oil and gas community and among industry regulators, as well as provide a platform for discussing critical industry issues, such as equipment maintenance and workforce competency. Going forward, the chapter has set a goal to reduce NPT by 15-20% by 2018. Watch this video with DC Managing Editor Linda Hsieh and Chapter Chairman Sola Falodun, who works with locally based Oando Energy Services, to find out more.

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IADC President: BOP reliability database, well control training among key projects for coming year

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Despite today’s difficult economic environment, IADC is pushing ahead on a multitude of industry projects aimed at helping its members around the world improve performance. Among these projects is a BOP reliability database, a joint effort being undertaken with the International Association of Oil and Gas Producers. Other projects include the WellSharp well control accreditation regime and continuing efforts around the Indonesian cabotage law. To learn more, watch this video with IADC President Jason McFarland and DC Managing Editor Linda Hsieh from the 2016 IADC Drilling Africa Conference in Cape Town, South Africa.

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On-the-job training, mentoring among key components in Saipem’s Angolanization Plan

Saipem Angola Branch’s local training center delivered almost 40,000 hours of training from 2011 to 2015, Franco Pandolfi, Senior VP Drilling Operative Coordinator for Saipem, said at the 2016 IADC Drilling Africa Conference in Cape Town, South Africa, on 15 February.

In 2012, Saipem Angola Branch launched the Angolanization Plan, which would transfer know-how from expatriate personnel to Angolan nationals. The effort was in part driven by a tight labor market and by a lack of training centers that could provide local personnel with the necessary skills required to work on Saipem’s high-spec drilling rigs. Further, high operator expectations for performance meant that learning curves normally associated with new projects would not be acceptable in the long term, Franco Pandolfi, Senior VP Drilling Operative Coordinator for Saipem, said at the 2016 IADC Drilling Africa Conference in Cape Town, South Africa, on 15 February.

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HongHua commissions first three GE Waukesha gas engines in China

GETN

GE’s Distributed Power business has announced that China’s leading drill rig manufacturer HongHua Group (HongHua) has completed commissioning of the first three Waukesha mobileFLEX gas engines that are powering a 5,000 m deep drill rig for new shale gas projects located near Deyang City in Sichuan Province in China. The country is seeking to boost its production of unconventional gas supplies to meet Asia’s growing energy needs.

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