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November/December

Training providers seek new ways to teach, engage with students as well control training moves virtual

Companies look to smaller class sizes, pre-course system checks and mock teaching sessions to ensure effective delivery of training content By Jay Stracke, Editorial Coordinator When the World Health Organization (WHO) declared COVID-19 a global pandemic on 11 March, it set into motion a chain of reactions that, in effect, shut down all travel and most types of in-person congregations, including classrooms. It seemed like well control training and certification – normally a well-oiled machine that works behind the scenes of day-to-day drilling operations – could be ground to a halt, potentially threatening the continuity of drilling projects around the world. Fortunately, that didn’t happen. Within weeks of the COVID lockdowns, IADC had rolled out WellSharp Live, a remote and ...

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Leading collaborative change for the industry

From Jason McFarland, IADC President Over the past 80 years, IADC has grown to be the association it is today by serving members’ interests and helping them overcome everyday challenges and hurdles. When this year started, IADC expected to continue in that role. Little did I know what the year would require from the association, its members, the industry and the entire world. Thankfully, proactive leadership from our members has continued to facilitate collaboration. Conversations – either with member company representatives or through chapters, regional directors, committees and students – determine how we address our members’ varied interests across companies, roles and regions. In 2020, IADC served as a focal point for many of these conversations, working through our membership, ...

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Amid global pandemic, IADC leverages digital platforms to deliver member services and continue industry representation worldwide

By Angie Gunden, IADC Senior Director – Corporate Services and Marketing Government and Industry Affairs The goal of IADC’s Government and Industry Affairs (GIA) team is to proactively engage with US and global regulatory and legislative bodies, policy makers and oil and gas producers to advocate for positive policy outcomes on behalf of the drilling industry. As part of our pursuit of transparent and appropriate regulations and standards, IADC serves as an educative resource on policies and provides input on standards making. “The COVID-19 pandemic caused a shift in our plans for 2020, like it did for everyone,” said Elizabeth Craddock, IADC Vice President, Government and Industry Affairs. “But the team maintained a steady focus on preserving a strong presence ...

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Monster downturn may dictate big changes ahead

By Linda Hsieh, Editor & Publisher We’ve always known that this industry was cyclical. There are good years, and there are bad years. But the downturn that we’ve seen over the past eight to nine months has been another kind of monster altogether. This was no normal downturn, and we’re starting to see that the recovery – happening amid the biggest economic slowdown since the Great Depression – may not play out the way it has in the past, either. It will likely require organizations to do things differently than what they’ve always done. In a survey conducted by EY in June and July this year, 92% of oil and gas executives said their organization will have to change the ...

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Wirelines

BOEM, BSEE to research whether policy changes could increase deepwater production in US Gulf of Mexico The US Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE) announced in September that they will advance new research into whether certain policy changes could help increase oil and gas production from deepwater infrastructure already in place in the Gulf of Mexico (GOM). “This research will help ensure the US continues to achieve top oil and gas production by reducing stranded assets,” Scott Angelle, BSEE Director, said. The study will examine specific economic parameters used by BOEM and BSEE for new and high-cost technologies like extended-reach subsea tiebacks. Implementation of these parameters could minimize stranded hydrocarbon resources. ...

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NOV rig census shows pandemic’s historic impact on drilling industry

Global rig demand has fallen to lowest point in census history, dating to 1955; North America has been hardest-hit, with Permian utilization at just 26% By Tarjei “TJ” Myklebust, Karl Appleton and Kevin Scherm, National Oilwell Varco The start of any 2020 census, in any industry or any part of the world, must begin with the impact of COVID-19. For oil and gas, the impact was a drastic drop in demand. Oil and gas drilling has been one of the most negatively impacted industries during the pandemic, and recovery appears to be slower than everyone had hoped. Early in the pandemic, the industry was further impacted by the market share war between Saudi Arabia and Russia that led to oversupply ...

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With recovery of global economy still uncertain, oilfield services must stay agile, seek new ways to adapt

Forecast for gradual increase in oil demand signals potential for comeback in 2021, but low spending levels likely to plague OFS for at least 3-4 years By Stephen Whitfield, Associate Editor The global economy has been devastated since the World Health Organization (WHO) declared COVID-19 as a global pandemic in March. Financial markets crashed. Governments around the world locked down their countries. Millions of people lost their jobs, and many others have had to deal with disruptions at their work place. The International Monetary Fund (IMF) estimates that the global economy will shrink by 4.9% this year, the worst decline since the Great Depression. Next year, IMF expects the world’s GDP to grow by just 5.4%. That projection is 6.5% ...

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Soraya Carvalho, NOV: Focus on people, customer relationships lays foundation for role as officer of new IADC Latin America Chapter

By Jay Stracke, Editorial Coordinator Life is a series of decisions, sometimes on things that seem inconsequential at the time but end up opening doors to a new life never envisioned before. For Soraya Carvalho, such a decision came on a snowy February day 13 years ago when she decided to attend an information session that National Oilwell Varco (NOV) was holding for prospective recruits at the University of Nebraska-Lincoln. Mrs Carvalho, a graduate student studying leadership development and marketing at the time, was feeling down that day. As a Brazilian citizen on a student visa in the US, her legal eligibility to work in the country was a sticking point for employers who didn’t want to go through the ...

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