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

  • 29 January 2015

    PetroQuip deploys BigFoot toe sleeve in Anadarko Basin

    PetroQuip Energy Services successfully implemented its revolutionary toe sleeve, BigFoot, in a recent horizontal completion for an independent operator...

  • 28 January 2015

    Chevron collaborating with BP, ConocoPhillips to explore 24 leases in deepwater Gulf of Mexico

    Chevron will collaborate with BP and ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon...

  • 28 January 2015

    BP forms alliance to advance Paleogene discoveries in deepwater Gulf of Mexico

    BP has formed a new ownership and operating model with Chevron and ConocoPhillips to focus on moving two significant BP Paleogene discoveries closer to development...

  • 27 January 2015

    US EIA: Lower 48 oil production outlook stable despite expected rig count reduction

    The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, according...

  • 27 January 2015

    Hess announces 2015 capital, exploratory budget

    Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources...

  • Read more news