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2018

Drilling in the digital age: A new world begins to take shape

In a digital world, it’s software, not big iron, that’s driving hefty changes in well planning and construction, workflows, training, security By Kelli Ainsworth Robinson, Associate Editor In 1965, Gordon Moore, one of the co-founders of Intel, predicted that the number of transistors on an integrated circuit would double every two years. In other words, he believed that computing power would double every two years. According to a study released in 2015 by information technology group Experts Exchange in honor of the 50th anniversary of Mr Moore’s prediction – now known as Moore’s Law –  computing power actually increased a trillion-fold between 1965 and 2015. That means that the smartphones we can fit in our hands today are more powerful ...

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Adoption of data infrastructure, data-centric disciplines empowers OEM in digital transformation

Digital journey focuses on developing applications that drive tangible impacts on financial performance By Gilbert Chahine, National Oilwell Varco The performance of original equipment manufacturers (OEMs), service companies, drilling contractors and operators alike will be bolstered through adoption of digitization and data-driven technologies, provided that adoption focuses more on the financial outcome rather than the technological outcome. Such adoption, in fact, is rapidly accelerating, with a large pool of open-source technologies and service providers readily accessible to those looking to make a change. “Digital” must not be a buzzword, though, but rather a meaningful way of impacting cost structures and using data to improve bottom-line – and potentially top-line – financial performance. What is digital and why now? National Oilwell ...

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Deputy Mining and Energy Minister: Open dialogue inspiring confidence in regulatory framework, taking Brazil from promise to reality

Marcio Felix: Reforms, government’s engagement with stakeholders have increased trust in Brazil, although transfer of rights issue still requires resolution By Linda Hsieh, Managing Editor Brazil’s fourth production-sharing round in the pre-salt, held by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) on 7 June in Rio de Janeiro, raised R$3.15 billion in signing bonuses and R$738 million in planned investments during the exploration phase. The auction drew record interest from the industry. Sixteen oil and gas companies – including supermajors like BP, Chevron and ExxonMobil – took part in the auction. Judging by the success of this licensing round, it appears that the Brazilian government’s work over the past couple of years is finally paying off. Significant ...

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Evolving technology, industry standards drive evolution of IADC training programs

At IADC, we believe that protecting the safety of the industry’s workforce is paramount. As an industry, our commitment to safety is always top of mind – morning, noon and night, 365 days a year. I began working in oil and gas more than 35 years ago, and like many of us who have had a long career in this industry, I have had an insider view into the changes that have been made with regard to safety. They are massive. Technology – and a better understanding of how safety equipment and role-specific training ensure a workforce that is supplied with the knowledge and information to safely perform their job functions – have moved our industry along at a lightning ...

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Alan Spackman retires after career dedicated to offshore safety, regulations

Development of IADC HSE Case Guidelines for MODUs, update of IMO MODU code among numerous accomplishments over 27 years at IADC By Kelli Ainsworth Robinson, Associate Editor After 27 years with IADC and 25 years in the US Coast Guard, Alan Spackman is retiring in July. Mr Spackman previously served as Vice President of Policy, Government and Regulatory Affairs for IADC before moving into an advisory role at the beginning of this year. Throughout his life, Mr Spackman has lived in dozens of locations, not only due to his own military service but also his father’s. Growing up with a father in the US Air Force, Mr Spackman lived in 21 cities, primarily in the US Southwest, including Riverside, Calif., ...

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IOGP JIP, configurable equipment platforms propel industry toward standardized completion designs

JIP 33 leads industry equipment standardization efforts to realize cost, time savings by ‘designing once, building many’ By Kelli Ainsworth Robinson, Associate Editor Oil and gas companies are increasingly looking to new business models and strategies that will help them maximize profits in a lower-for-longer environment. One approach that appears to be gaining momentum is equipment standardization, rather than developing bespoke designs for each project. Already, major operators are citing standardization as among critical factors that have allowed them to bring projects online under budget. In January 2017, BP announced that its Thunder Horse development in the Gulf of Mexico was brought online at more than 15% below budget because the operator and its partners relied on proven standardized equipment ...

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