CATEGORIZED | News

Silver lining in downturn: Drilling equipment availability up

Posted on 25 September 2009

Exclusive video!

One silver lining in the downturn may be that drilling equipment is more available, as manufacturers scramble to fill spare capacity and innovate to get a leg up on the competition.

One manufacturer coming on strong with new solutions is Kristiansand, Norway-based TTS Sense. The company recently inked an $11 million deal with Parker Drilling for a driller’s console and mud equipment package. The equipment is slated to arrive at Parker’s Sakhalin Island location in late 2010 and 2011.

TTS Sense’s test tower and top drive.

Click below for exclusive video of some other TTS Sense projects and thoughts on the downturn.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 15 September 2014

    US Treasury announces expanded sanctions with Russian companies

    US Treasury Secretary Jacob J. Lew has announced that persons operating within Russia’s defense and related materiel sector may now be subject to targeted sanctions…

  • 11 September 2014

    Cameron elects Scott Rowe as President and COO

    Scott Rowe will assume the newly created position of President and COO of Cameron, effective 1 October 2014. In his new role, he will report directly to Jack Moore, Chairman and CEO of the company...

  • 11 September 2014

    Statoil, GE and Ferus Natural Gas Fuels expand flare gas solution in Bakken

    A joint venture of GE and Ferus Natural Gas Fuels (Ferus NGF), along with Statoil plan to expand a pilot project to capture flare gas and use it to power up to six...

  • 10 September 2014

    6 elements of successful collaboration among NOCs, IOCs, service companies

    The oil and gas landscape is shifting, with the continuing growth of NOCs and the industry going toward unconventional resources and new frontiers…

  • 09 September 2014

    PTTEP: NOCs, IOCs and service companies must combine strengths to overcome challenges

    As assets become more mature and operations become more complex, industry is challenged with finding economical and environmentally friendly operating strategies...

  • Read more news