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Quintero: Industry should look to storytelling techniques to ensure lessons are learned from incidents

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Storytelling is a powerful device for helping humans to remember lessons learned. For ages, it’s a primary method of communication that humans have used for passing on knowledge and history. In the drilling industry, storytelling can play an important role, as well. In particular, companies can use this method to help employees retain lessons learned from incidents by linking the reasoning behind safe drilling procedures with real-life stories of tragic accidents that caused the need for such procedures. To learn more about this training method, watch DC’s video with Alan Quintero, Partner at Trenegy Inc, from the 2017 IADC HSE&T Conference on 8 February in Houston.

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CT sleeves open in 2 DUC wells after 32 months downhole

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Halliburton recently announced that two of its RapidStart Initiator CT (casing test) sleeves opened after 32 months downhole. That time period represents an industry record for the successful operation of a toe sleeve, according to the company. Murphy E&P needed to perform a true casing integrity test and had deployed the RapidStart Initiator CT frac sleeve system as an interventionless means of establishing a flow path at the toe of the well. Both sleeves opened successfully after 32 months downhole in two drilled but uncompleted (DUC) wells of more than 7,000 ft, with static bottomhole temperatures up to 215˚F. The sleeves were functional at a total pressure of 10,000 psi and provided a 30-min casing...

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New proppant transport technology targets high-salinity water applications

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Fairmount Santrol recently launched Propel SSP 350. It is an extension to the self-suspending Propel SSP proppant transport technology, which is designed to increase hydraulic fracturing efficiency in plays where produced water disposal costs are high and where there are constraints on freshwater availability. The 350 extension targets applications in high-salinity water plays, such as the Marcellus and the Permian. Its development was driven by the need for improved proppant transport and for reduced completions costs by removing the need for extra...

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Epstein: Industry must take different approach to fossil fuels debate

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Much of the developed world wouldn’t be able to enjoy the quality of life it currently enjoys without the benefits of fossil fuels. For example, crops that are harvested using gasoline-powered equipment feed millions of people, while petrochemicals are used to manufacture materials for life-saving medical equipment and supplies. However, the oil and gas industry hasn’t been very successful in communicating these benefits of fossil fuels to the general public. In a keynote speech at the 2017 SPE Hydraulic Fracturing Technology Conference, Alex Epstein, author of “The Moral Case for Fossil Fuels,” asserted that the industry shouldn’t approach the public debate about fossil fuels from a fact-based view. It should look at it in terms of competing moral frameworks, he said.

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New drilling float valve developed to improve operational safety

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Standard drilling float valves have allowed fluid flow to move across the sealing surface of wells, which can compromise the integrity of the sealing surface after prolonged use. To address this challenge Drilling Innovative Solutions launched the Sentinel Drilling Safety Float Valve. The new piece of drilling float equipment uses a flapper actuated ball valve technology to flow fluid through the flow tube without exposing it to the sealing surface. Watch the video with Sam Hawkins, Founder and Manager of New Products for Drilling Innovative Solutions to learn more.

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Predictive maintenance could improve drilling equipment reliability

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Predictive maintenance has the potential to help drilling contractors better understand when equipment needs critical maintenance in order to prevent unexpected failure. Avoiding unexpected equipment failure is critical to reducing safety incidents, as well as nonproductive time. Watch DC’s video with SparkCognition VP Solutions Philippe Herve from 16 November to learn about new technologies such as cognitive analytics and machine learning that can help the drilling industry implement predictive maintenance. Mr Herve also gave a presentation on predictive maintenance at the Spark Tank forum, held by the IADC ART Future Technology Subcommittee on 27 October in Houston. Before specializing in predictive analytics, he spent 30 years working for oilfield service companies.

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Political instability keeps Latin America a challenging region for oil and gas industry

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Many countries in Latin America continue to struggle with political and social instability, resulting in uncertain rules and regulations for the oil and gas industry. In Venezuela, for example, the country’s goal of reaching 5.2 million bbl/day of production by 2012 has fallen significantly short, and it’s now producing only 2.1-2.2 million bbl/day. However, if the country installs a new government with policies designed to capitalize on the country’s vast hydrocarbon resources, that 5.2 million bbl/day production goal could be achievable within five years, according to Jorge R. Piñon, Director of the Latin America and Caribbean Energy Program and Interim Director for the Jackson School of Geosciences at The University of Texas at Austin. Watch DC’s video from the 2016 IADC Annual General Meeting in Scottsdale, Ariz., on 3 November for more details.

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Tudor Pickering Holt: Oil prices could reach $70/bbl in 2017

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Byron Pope, Managing Director, Oil Service Research at Tudor Pickering Holt, is forecasting that oil prices could get up to $70/bbl next year. He attributed this to growing global energy demand and shortened supply caused by canceled upstream projects around the world. Mr Pope also expects upstream CAPEX to grow in the coming year and for the US land rig count to continue increasing. However, it may take several more years for the offshore rig market to recover, he said. Watch the video with DC’s Alex Endress from the 2016 IADC Annual General Meeting in Scottsdale, Ariz., on 4 November for more information.

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