Home / News (page 8)

News

Downhole automation system helps to reduce cycle times in the Bakken

Screen-Shot-2016-03-04-at-1.08.54-AM

To reduce cycle times in the Bakken, National Oilwell Varco (NOV) and Hess teamed up on a project that deployed NOV’s closed-loop, downhole automation system, Evolve, in 16 wells. This project was the subject of a technical presentation at the 2016 IADC/SPE Drilling Conference in Fort Worth, Texas, on 2 March. In this video with DC, NOV Vice President of Dynamic Drilling Solutions Tony Pink explains the results and lessons learned from this project. Mr Pink also shares NOV’s plans to advance the Evolve system.

Read More »

Integrated liner hanger system combines capabilities of conventional, expandable liner hangers

Screen Shot 2016-03-04 at 1.08.28 AM

Weatherford has developed the SwageHammer integrated liner hanger system to reduce leak potential and improve reliability in high-angle, high-pressure and high-temperature wells in deepwater. The company introduced the liner hanger system at the 2016 IADC/SPE Drilling Conference in Fort Worth, Texas. In this video from the conference on 3 March, Sean Yakeley, Product Champion-Well Construction Products for Weatherford, explains how the SwageHammer combines the features of conventional and expandable liner-hangers to reduce uncertainty during liner installation.

Read More »

Aviation and drilling industries face similar challenges, could implement similar solutions

Frederico Curado, President and CEO of Embraer, outlined some of the challenges shared by the aviation and drilling industries at the 2016 IADC/SPE Drilling Conference in Fort Worth on 2 March.

Like the oil and gas industry, the aviation industry is highly focused on continuously improving the reliability and safety of its equipment. “Both industries are complex in the equipment they operate and the integration of systems, in which there is a requirement of high degree of reliability and availability of the equipment,” Frederico Curado, President and CEO of Embraer, said at the 2016 IADC/SPE Drilling Conference in Fort Worth. Because the two industries share similar challenges – both are capital intensive, highly regulated and highly sensitive to economic swings – they could also deploy similar solutions.

Read More »

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.

Read More »

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.

Read More »

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.”

Read More »

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

Screen Shot 2016-02-23 at 4.06.36 PM

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.

Read More »