Archive | News
Sneak Preview: Pride Lescar facility underscores company's commitment to training
Posted on 14 July 2009 in News
Pride International’s commitment to training runs deep, a company culture in a land where learning runs back through the centuries. In the land where the Marquis de Lafayette, America’s great friend, reportedly trained, Pride International tore down its decades-old training center and there, like the proverbial Phoenix, arose a new and better facility. …
IADC ISP: LTI rate down but fatalities up in 2008
Posted on 14 July 2009 in News
The global drilling industry pushed its lost-time incident (LTI) rate to a record low of 0.49 despite the number of fatalities increasing from 23 in 2007 to 32 in 2008, according to the latest IADC Incident Statistics Program (ISP) summary. …
Seadrill semi commences operations offshore Brazil
Posted on 14 July 2009 in News
Seadrill’s ultra-deepwater semisubmersible West Eminence has commenced drilling operations for Petrobras in Brazil. The rig was delivered from Samsung Heavy Industries in South Korea in March this year. …
DC surveys show more workers losing jobs, doing more with less
Posted on 14 July 2009 in News
People are still trying to do more with less, but layoffs have become a reality for a greater percentage of the drilling industry workforce, according to results from two online surveys conducted on www.DrillingContractor.org, in December 2008/January 2009 and June/July 2009. …
Sneak Preview: Bandera pushes land rig design to next level
Posted on 14 July 2009 in News
Drilling Contractor recently made a visit to Breckenridge, Texas, to tour Bandera Drilling’s Rig 9, a new-generation design unit that incorporates innovative automation technologies to keep crew members out of harm’s way. …
Parque das Conchas begins production, marking Brazilian deepwater milestone
Posted on 14 July 2009 in News
Shell started production at its multi-field Parque das Conchas project on 13 July, 110 km off Brazil’s southeast coast, where heavy oil resources lie beneath waters nearly two km deep in the Campos Basin.
Schlumberger regional president: Downturn forcing industry to 'cut out the fat'
Posted on 19 June 2009 in News
A few weeks ago, it was as if the oil & gas industry was staring into a “dimensionless black hole,” but now it is traveling through a long, dark tunnel with a “small light” at the end, according to Mark Corrigan, Schlumberger’s president for oilfield services covering Europe, Africa and the Caspian. …
H&P's Orr: Technology has skewed US rig count/production correlation
Posted on 19 June 2009 in News
A traditional and, as it turns out, blind assumption is being made that there is a direct correlation between the North American rig count and production, according to Alan Orr of Helmerich & Payne International Drilling Co. …
Monobores can save money upfront, but life cycle costs must be considered
Posted on 19 June 2009 in News
Monobore wells have been gaining traction as a cheap “throwaway” option to more conventional well construction, and one company to try them successfully is Tullow Oil. …
Beware: FCPA will follow US companies anywhere
Posted on 19 June 2009 in News
The Foreign Corrupt Practises Act (FCPA) is arguably the most far-reaching piece of extraterritorial American legislation there has ever been, and it has huge implications for the oil and gas industry, given its global nature. …
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