Home / 2021 (page 6)

2021

Environment, Social and Governance

Equinor sets net-zero goal for 2050, emphasizes priority around value creation instead of volume replacement In November, Equinor announced its goal to become a net-zero energy company by 2050. The ambition includes emissions from production and final consumption of energy. “Equinor is committed to being a leader in the energy transition. It is a sound business strategy to ensure long-term competitiveness during a period of profound changes in the energy systems as society moves toward net zero,” said Anders Opedal, CEO and President of Equinor. Earlier this year, Equinor announced its plans to achieve carbon neutral global operations by 2030 and to reduce absolute greenhouse gas emissions in Norway to near zero by 2050. At the same time, Equinor outlined ...

Read More »

Critical issues in drilling & completions

Despite market uncertainties, industry leaders are pushing ahead with technology and ESG investments, embracing new ways of working, contracting  By Linda Hsieh, Editor & Publisher 2020 probably didn’t turn out to be anything like what anyone predicted when the year began. And now, weeks into 2021, what the rest of this year will bring is still as much of a guessing game as ever. On so many things that can significantly impact the drilling and completions business – COVID-19 vaccines, travel restrictions and quarantines, the outlook for global energy demand and oil prices – visibility of the road ahead is as low as it’s ever been. Despite the myriad uncertainties, industry leaders are forging ahead, guided by a few fundamental ...

Read More »

Drilling & Completion News

ADNOC, Total deliver UAE’s first unconventional gas ADNOC and Total have announced the delivery of the first unconventional gas from the United Arab Emirates (UAE). The gas was delivered from the Ruwais Diyab Unconventional Gas Concession, located 200 km west of Abu Dhabi. The unconventional gas was delivered through a purpose-built gas pipeline and centralized early production facility in the Diyab field. ADNOC sees this as a milestone toward future full field development and an important step toward reaching its target of producing 1 billion standard cu ft of gas from the concession before 2030. The announcement of first gas from Ruwais Diyab comes two years after ADNOC and Total signed the region’s first unconventional gas concession agreement. It also ...

Read More »

People, Companies and Products

Seadrill: Warriner named new COO, Nelson as new CTO Seadrill has appointed Reid Warriner as Chief Operating Officer (COO) and Leif Nelson as Chief Technology Officer (CTO), with immediate effect. Mr Warriner had served as Senior VP at Seadrill since January 2019. Prior to Seadrill, he served as President at OilSERV Drilling Group and also worked for Schlumberger for over 15 years. He holds a BSc in engineering from the University of Calgary. Mr Nelson joined Seadrill in 2011 and had served as COO since July 2015. He previously held various operational positions around the world for Transocean, and he holds a BSc in petroleum engineering from the Colorado School of Mines. Saipem invests in drilling simulator for Saudi facility ...

Read More »

Drilling & Completion Tech Digest

Installation of monodiameter system demonstrates advancement in expandable technology Enventure Global Technology recently announced the first successful commercial installation of the company’s 12 1/4-in. SameDrift system. The system was installed for an operator in the Middle East.  SameDrift is a drilling liner with an industry-standard drift diameter that matches the previous casing string run in a well so that it can be easily incorporated into the well’s standard casing design. It builds on the capabilities of Enventure’s ESET product line to rotate and reciprocate the liner to help work it to setting depth and to improve cement job quality. The SameDrift Openhole Liner system ties back to casing without the loss of internal diameter, and the SameDrift Openhole Clad system ...

Read More »

Geddes: Too many still don’t know where energy comes from

Industry must dispel common erroneous beliefs, position itself as solution provider in the energy transition, 2021 IADC Chairman says By Linda Hsieh, Editor & Publisher Some people join the drilling business for the adventure but leave  once they realize that the technical challenges and the cyclical ups and downs are not for the faint of heart. And then there are people – like Bob Geddes – who find motivation in tough challenges, and whose love for the tightly knit drilling business overcomes any trepidation they might have about building a career in a boom-and-bust industry.  “It’s never a dull moment in this business,” said Mr Geddes, who serves as President and Chief Operating Officer for Ensign Energy Services and who ...

Read More »

Recovery will not mean a return to the status quo

By Linda Hsieh, Editor & Publisher 2020 is now behind us, but the downturn that began early last year continues to sting. It stings when you still see friends and industry colleagues lose their jobs, negatively impacting the welfare of their families. It stings when you see good companies go into bankruptcy because they simply have no other options. It also stings when you see perfectly good drilling rigs, many of which were built for hundreds of millions of dollars and could’ve been used for decades more to extract the energy resources this world needs, being forced into obsolescence. Of course, there are glimmers of hope on the horizon as we embark on the new year. Some countries have begun ...

Read More »

Next-level safety requires industry to look beyond recordable injury rates to Serious Injury and Fatality exposures

By Linda Hsieh, Editor & Publisher, and Jay Stracke, Editorial Coordinator From a young age, Warren Hubler considered himself to be a “hustler.” No, he didn’t aspire to be a scammer or gambler. Rather, he’s referring to the nickname of his childhood role model, baseball player Pete Rose. The story goes that Mr Rose drew a walk in a spring training game during his rookie year. But instead of jogging up the line, he sprinted, thus earning himself the moniker of Charlie Hustle. “That was the type of player that I wanted to be on the team,” Mr Hubler recalled. This type of go-getter attitude characterized not only the baseball-playing days of his youth but also his 11 years in ...

Read More »

Changing landscape calls for industry to embrace new ways of working, transition to a lower-margin business

Equinor’s Erik Kirkemo: Companies can prepare for the future by leveraging digital solutions, prioritizing emissions reductions, staying proactive on safety By Linda Hsieh, Editor & Publisher Erik Kirkemo is Senior Vice President Drilling & Well at Equinor. From your perspective at Equinor, what do you see as the key challenges right now in terms of drilling and completions? First and foremost, safety must still be the top priority; it remains fundamental to everything we do. Our No. 1 priority is to ensure we do everything we can to prevent major scale accidents and injuries to people and the environment. With that said, COVID-19 continues to be a huge challenge for the industry, from supply chain to business continuity to costs, ...

Read More »

IADC Board of Directors elects 2021 officers

Robert H. “Bob” Geddes, Chair, Ensign Energy Services Mr Geddes joined Ensign in 1991 and has been President and Chief Operating Officer since 2007. He acted as Vice President Canadian Drilling from 1999 to 2004 and as President Canadian Operations from 2004 to 2006. He is a past Chairman of the Canadian Association of Oilwell Drilling Contractors and is a member of the Association of Professional Engineers and Geoscientists of Alberta. He holds a B.Sc. in mechanical engineering from the University of Alberta. Jeremy Thigpen, Vice Chair, Transocean Mr Thigpen joined Transocean as the company’s CEO in April 2015. He previously served as Senior Vice President and Chief Financial Officer at National Oilwell Varco (NOV), where he spent 18 years. During his tenure ...

Read More »