July/August Archives - 三昇体育 /2017/julaug2017 Get the latest oil drilling news with 三昇体育 Sun, 17 Feb 2019 19:48:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 202015461 News Cuttings /news-cuttings-61-47311 /news-cuttings-61-47311#respond Tue, 26 Jun 2018 21:03:07 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=47311 IADC North Sea Chapter holds annual ceremony to recognize excellence in safety The IADC North Sea Chapter (NSC) recognized excellence in safety performance during its Annual Safety Awards Ceremony in Aberdeen on 20 April. Rowan Drilling’s Peter Wilson, who serves as Chapter Chairman, welcomed a capacity audience to the ceremony. “This event is our opportunity to …

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]]> /news-cuttings-61-47311/feed 0 47311 New section milling technology designed for restricted IDs restores access to leached area of cavern in highly abrasive Texas salt dome /new-section-milling-technology-designed-for-restricted-ids-restores-access-to-leached-area-of-cavern-in-highly-abrasive-texas-salt-dome-43396 /new-section-milling-technology-designed-for-restricted-ids-restores-access-to-leached-area-of-cavern-in-highly-abrasive-texas-salt-dome-43396#respond Mon, 03 Jul 2017 20:53:17 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=43396 The Stratton Ridge salt dome in Brazoria County, Texas, has been used extensively by the industry for brining operations and for the storage of liquid hydrocarbons, refined products and natural gas. The shape of the dome has been defined by several hundred oil and gas wells drilled over the top of this highly anomalous geologic diapir structure. Cavern operations at Stratton Ridge are known to have experienced multiple problems, including severe lost circulation while drilling through cap-rock, sheared well casings, corrosion, shifting and encountering hydrocarbon products that appear to have escaped from the storage cavern...

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]]> /new-section-milling-technology-designed-for-restricted-ids-restores-access-to-leached-area-of-cavern-in-highly-abrasive-texas-salt-dome-43396/feed 0 43396 Fire on closely spaced six-well pad illustrates heightened need for well control risk mitigation in pad drilling /fire-on-closely-spaced-six-well-pad-illustrates-heightened-need-for-well-control-risk-mitigation-in-pad-drilling-43403 /fire-on-closely-spaced-six-well-pad-illustrates-heightened-need-for-well-control-risk-mitigation-in-pad-drilling-43403#comments Mon, 03 Jul 2017 20:53:16 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=43403 Efforts to help reduce environmental footprint, infrastructure and development costs have led to an increased use of pad drilling. However, the close proximity of wells in pad drilling increases the risk of more severe consequences during well control incidents. In the case of a burning well, both radiant and direct heat can potentially ignite adjacent wells, threatening both human life and equipment and detrimentally affecting the immediate environment. This article describes challenges and lessons learned from controlling a multiwell pad blowout...

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]]> /fire-on-closely-spaced-six-well-pad-illustrates-heightened-need-for-well-control-risk-mitigation-in-pad-drilling-43403/feed 1 43403 Wirelines /wirelines-57-43436 /wirelines-57-43436#respond Mon, 03 Jul 2017 20:52:55 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=43436 On 10 May, the US Customs and Border Protection (CBP) announced that it had withdrawn its proposed action relating to modifications and revision of the Jones Act rulings. In response, IADC President Jason McFarland issued the following statement:...

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]]> /wirelines-57-43436/feed 0 43436 HSE&T Corner: Hubler: Organizations must lower tolerance for exposures and risks to reduce occurrence of serious injuries and fatalities /hset-corner-hubler-organizations-must-lower-tolerance-for-exposures-and-risks-to-reduce-occurrence-of-serious-injuries-and-fatalities-43441 /hset-corner-hubler-organizations-must-lower-tolerance-for-exposures-and-risks-to-reduce-occurrence-of-serious-injuries-and-fatalities-43441#respond Mon, 03 Jul 2017 20:52:55 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=43441 Traditional approaches to oilfield safety focus on reducing minor incidents, like finger injuries and chipped teeth. The belief is that, by eliminating the unsafe conditions or actions that cause these types of injuries, serious injuries or fatalities (SIF) will also be reduced...

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]]> /hset-corner-hubler-organizations-must-lower-tolerance-for-exposures-and-risks-to-reduce-occurrence-of-serious-injuries-and-fatalities-43441/feed 0 43441 People, Companies and Products July/August 2017 /people-companies-and-products-julyaugust-2017-43149 /people-companies-and-products-julyaugust-2017-43149#respond Mon, 03 Jul 2017 20:52:55 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=43149 Ensco and Atwood Oceanics have entered into a definitive merger agreement under which Ensco will acquire Atwood in an all-stock transaction. The definitive merger agreement was unanimously approved by each company鈥檚 Board of Directors. Under the terms of the merger agreement, Atwood shareholders will receive 1.60 shares of Ensco for each share of Atwood common stock, for a total value of $10.72 per Atwood share, based on Ensco鈥檚 closing share price of $6.70 on 26 May 2017. This represents a premium of approximately 33% to Atwood鈥檚 closing price on the same date. Upon close of the transaction, Ensco and Atwood shareholders will own approximately 69% and 31%, respectively, of the outstanding shares of Ensco...

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]]> /people-companies-and-products-julyaugust-2017-43149/feed 0 43149 From the President: With eyes on a better future, IADC forges ahead with student chapters, advocacy /from-the-president-with-eyes-on-a-better-future-iadc-forges-ahead-with-student-chapters-advocacy-43421 /from-the-president-with-eyes-on-a-better-future-iadc-forges-ahead-with-student-chapters-advocacy-43421#respond Mon, 03 Jul 2017 20:52:55 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=43421 Despite the prolonged downturn, we at IADC are optimistic for the future. Since the first of the year, I have visited with many of our members around the world. What has struck me during these meetings is how much positive impact our members are having on our industry...

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]]> /from-the-president-with-eyes-on-a-better-future-iadc-forges-ahead-with-student-chapters-advocacy-43421/feed 0 43421 Small signs hint at possible recovery in still-sluggish North Sea /small-signs-hint-at-possible-recovery-in-still-sluggish-north-sea-43247 /small-signs-hint-at-possible-recovery-in-still-sluggish-north-sea-43247#respond Mon, 03 Jul 2017 20:52:54 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=43247 Although the North Sea drilling market is still quite a ways from what one might call healthy, small signs of recovery are starting to sprout. Several operators, for example, have publicly touted significant reductions in their breakeven costs for offshore projects 鈥 from Maersk Oil鈥檚 $40-45 range for pre-FID projects to Statoil鈥檚 $27 for pre-FID Norwegian Shelf projects...

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]]> /small-signs-hint-at-possible-recovery-in-still-sluggish-north-sea-43247/feed 0 43247 Momentum builds in UK for major ramp-up in shale development /momentum-builds-in-uk-for-major-ramp-up-in-shale-development-43276 /momentum-builds-in-uk-for-major-ramp-up-in-shale-development-43276#respond Mon, 03 Jul 2017 20:52:54 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=43276 The UK oil and gas industry has long been nursing its nascent unconventional and shale market, but some believe that 2017 could finally be the turning point. The work of several operators, including IGas, Cuadrilla, Third Energy and INEOS Shale, is expected to result in the drilling of several unconventional wells in the second half of the year...

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]]> /momentum-builds-in-uk-for-major-ramp-up-in-shale-development-43276/feed 0 43276 Perspectives: Harris Reynolds, Diamond Offshore Drilling: Boom or bust, offshore industry must focus on innovations to drive down costs /perspectives-harris-reynolds-diamond-offshore-drilling-boom-or-bust-offshore-industry-must-focus-on-innovations-to-drive-down-costs-43451 /perspectives-harris-reynolds-diamond-offshore-drilling-boom-or-bust-offshore-industry-must-focus-on-innovations-to-drive-down-costs-43451#respond Mon, 03 Jul 2017 20:52:54 +0000 https://live-drillingcontractor-org.pantheonsite.io/?p=43451 In an industry downturn, especially one as severe as the one currently plaguing the oil and gas business, it can be instinctive for companies to postpone investments in technical innovations. But Harris Reynolds, Director of R&D at Diamond Offshore Drilling, believes that would be a short-sighted approach. 鈥淲e have to bring the cost of exploration and production down radically,鈥 said Mr Reynolds, who also serves as Chairman of the IADC Future Technology Subcommittee. 鈥淭here has to be a paradigm shift to get costs down for offshore.鈥...

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]]> /perspectives-harris-reynolds-diamond-offshore-drilling-boom-or-bust-offshore-industry-must-focus-on-innovations-to-drive-down-costs-43451/feed 0 43451