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IADC, Regulation, and Legislation

News Cuttings

US Rep. Brady attends tax roundtable, tours rig yard IADC members Transocean and Nabors hosted US Representative Kevin Brady (TX-8) at an IADC Tax Committee roundtable and rig yard visit in early July. At the Houston rig yard, the congressman toured a Nabors PACE-R800 rig equipped with an advanced robotic electric pipe handler. Rep. Brady is ranking member on the House Ways and Means Committee and has been a longtime ally of drilling contractors and industry partners.  At the tax roundtable, the Congressman outlined potential upcoming changes in the US tax landscape that could affect IADC members. In addition to Transocean and Nabors, other contractors in attendance at the roundtable were Diamond Offshore, H&P, Seadrill and Vantage Drilling. Sustainability committee ...

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Wirelines

API Specification Q2 for quality management updated API has issued the second edition of API Specification Q2, Quality Management for Service Supply Organizations for the Petroleum and Natural Gas Industry. API began offering Q2 standard certifications in 2013. Since then, 150 sites around the world have achieved Q2 certification. Changes in the second editions include: • Harmonizing Q2 for service organizations with API Specification Q1 for manufacturers. The new edition of Q2 clarifies where the two programs have common requirements, making it easier for licensees to enhance efficiency and safety and meet both specifications. • Adding requirements to ensure workers possess the required skills and knowledge and receive the proper training. This allows for more success in achieving the goals ...

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Editorial: Industry and policymakers must jointly create predictable legislative, regulatory environment

As our industry is in the midst of monumental change, it’s never been more important for the energy services sector to speak with a unified voice. Around the globe, politicians, industry leaders and investors are impacting the future of energy. Only by working together will we be able to craft realistic public policies to meet the world’s growing need for reliable, abundant, affordable and cleaner energy.  To this end, the merger of the Petroleum Equipment & Services Association and the Association of Energy Services Companies was initiated to strengthen our voice in this critical conversation. The combined entity, the Energy Workforce & Technology Council, represents more than 600 companies and 600,000 employees in the energy services sector of the oil ...

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News Cuttings

IADC works to convey member concerns on Saudi Arabia’s MODU reflagging requirement, obtains 3-year exemption More than two years ago, the Kingdom of Saudi Arabia (KSA) introduced a new Commercial Maritime Law, via a Royal Decree no. M/33, requiring all offshore ships and vessels to be registered under the KSA flag to continue operations in Saudi waters. Initially scheduled to take effect in July 2019, these regulations were decreed as part of the Saudi Vision 2030 initiative to, among other things, develop the KSA as a maritime and logistics hub. The new law modernizes commercial laws dating back to the 1930s. With almost 400 new articles, this constituted a considerable regulatory overhaul for the commercial maritime industry by the KSA ...

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Wirelines

IMCA publishes Recommended Code of Practice on Environmental Sustainability for marine contractors The International Marine Contractors Association (IMCA) launched in May its Recommended Code of Practice on Environmental Sustainability (IMCA ES 001). The code sets expectations for the marine contracting industry in managing key environmental and climate topics associated with offshore marine construction. Key topics that are covered in Recommended Code of Practice on Environmental Sustainability (IMCA ES 001) include: Environmental sustainability principles; Scope and regulatory content;  Significant environmental aspects; and Strategic objectives and target setting. A section measuring and monitoring industry progress is also included, and appendices cover multi-stakeholder initiatives and commitments; key environmental aspects found in global frameworks and standards where illustrative KPIs can be found; and carbon ...

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