The company's social and governance initiatives and achievements include employee human capital development and training, strengthening the communities where it operates by hiring locally, partnering with strategic charitable organizations and emphasizing the value of all individuals through diversity and inclusion.

As of 6 January, the company has 66 rigs active in Canada and 50 in the US, representing increases of 38% and 61%, respectively, from the same date in 2021. Precision expects average drilling activity in Canada to be up approximately 40% compared with 2021, while average US activity is expected to increase 60% year-over-year.

A wide range of COVID-19 vaccines have been authorized for use around the world, raising many new questions for the oil and gas industry. A panel of industry experts discussed the degree to which companies should be involved in vaccination efforts, and whether the management of vaccinated people in the workplace could and should differ from unvaccinated people.

Among other things, the company will explore opportunities to make new decarbonization offerings available to the broader upstream segment and beyond the oil and gas industry. It will also invest in geothermal ventures and lower carbon energy transition businesses.

The strategic partnership will leverage ADNOC’s energy and hydrogen capabilities and TAQA’s renewables expertise. The companies plan to have a total generating capacity of at least 30 GW of renewable energy by 2030.

The oil and gas industry is striving to provide that energy in safer, more efficient and more sustainable ways than it ever has before. To meet that objective, operators and drilling contractors must engage in open collaboration in a number of areas, said Rod Henson, VP of Wells at ExxonMobil.

Climate change is a growing challenge for drillers and the wider oil and gas community, requiring the industry to provide affordable energy while reducing its carbon footprint. With energy efficiency being recognized as a key component of these efforts, the IADC Advanced Rig Technology (ART) Committee has established an Energy Efficiency Subcommittee...

With the investor community placing a greater emphasis on reducing emissions, accurate and timely reporting of ESG data has taken on a greater importance within the industry. In this interview with DC at the 2021 IADC Annual General Meeting in Dallas on 4 November, Jeff Hales, Professor of Accounting at UT Austin and Chairman of the SASB Standards Board, talks about the shift in sustainability reporting toward a capital market focus.

By Stephen Whitfield, Associate Editor The global drilling industry is undergoing unprecedented change amidst a backdrop of catalysts, like an accelerated energy transition and a shift in investor focus. There will be challenges, but there will also be a wealth of opportunities for the industry to transform, according to a panel of drilling contractor executives who spoke at the 2021 IADC Annual General Meeting in Dallas, Texas, on 4 November. “It’s a great time to be in this business,” Chris Menefee, President of Unit Drilling, said, encouraging the industry to embrace a growth mindset. “We can either fight it, or we can have a growth mindset, accept it, learn from it and move on. Change is coming.” Mr Menefee was ...

In this interview with DC, IADC Sustainability Committee Co-Chairs Jesse Hein and Neil Forrest discuss their goals and the group’s ongoing initiatives. Mr Hein, Senior Environmental Manager at Patterson-UTI, and Mr Forrest, VP HSE and Sustainability at Seadrill, speak about how the committee came to be, as well as the importance of having a committee dedicated to sustainability at this point in the energy transition.