November/December Archives - Èý•NÌåÓý /2024/novemberdecember-2024 Get the latest oil drilling news with Èý•NÌåÓý Tue, 22 Oct 2024 22:00:39 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 202015461 Capital starting to flow back to E&P sector as companies keep focus on shareholder value /capital-starting-to-flow-back-to-ep-sector-as-companies-keep-focus-on-shareholder-value-70530 /capital-starting-to-flow-back-to-ep-sector-as-companies-keep-focus-on-shareholder-value-70530#respond Tue, 22 Oct 2024 22:00:39 +0000 /?p=70530 By Stephen Whitfield, Senior Editor Capital discipline remains the order of the day for the US onshore E&P market. With shareholders looking for the best returns on their investments, operators – and by proxy, the oilfield service (OFS) companies with which they work – have shifted their priorities away from pure reserve growth and toward …

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]]> /capital-starting-to-flow-back-to-ep-sector-as-companies-keep-focus-on-shareholder-value-70530/feed 0 70530 Alliance model helps Aker BP and its partners adapt to market volatility, stay competitive /alliance-model-helps-aker-bp-and-its-partners-adapt-to-market-volatility-stay-competitive-70503 /alliance-model-helps-aker-bp-and-its-partners-adapt-to-market-volatility-stay-competitive-70503#respond Tue, 22 Oct 2024 22:00:38 +0000 /?p=70503 By Jessica Whiteside, Contributor Seven years after Aker BP announced it was forming two separate tripartite drilling and well alliances with selected contractors in the Norwegian Continental Shelf, have these alliances delivered on their mandate to increase the efficiency of drilling operations? For the most part, yes, according to alliance partners who spoke at the …

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]]> /alliance-model-helps-aker-bp-and-its-partners-adapt-to-market-volatility-stay-competitive-70503/feed 0 70503 The IADC team: Honoring our past, celebrating our future /the-iadc-team-honoring-our-past-celebrating-our-future-70513 /the-iadc-team-honoring-our-past-celebrating-our-future-70513#respond Tue, 22 Oct 2024 22:00:38 +0000 /?p=70513 From Jason McFarland, IADC President Every fall, we have an opportunity to review the year behind us and look ahead to the one that’s coming. I love getting to share with you all the amazing things your association has been up to over the past 12 months. And this year, I’m very excited to look …

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]]> /the-iadc-team-honoring-our-past-celebrating-our-future-70513/feed 0 70513 Push/pull dynamic with rig efficiency and pricing likely to lead to stagnation in dayrates /push-pull-dynamic-with-rig-efficiency-and-pricing-likely-to-lead-to-stagnation-in-dayrates-70547 /push-pull-dynamic-with-rig-efficiency-and-pricing-likely-to-lead-to-stagnation-in-dayrates-70547#respond Tue, 22 Oct 2024 22:00:37 +0000 /?p=70547 By Stephen Whitfield, Senior Editor After hitting their peak in 2023, Lower 48 well costs are expected to fall this year and next – Wood Mackenzie forecasts a 10% year-on-year decline in well costs in 2024 and a 1% year-on-year decline in 2025. In a July 2024 report (“2024 tight oil costs: the push and …

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]]> /push-pull-dynamic-with-rig-efficiency-and-pricing-likely-to-lead-to-stagnation-in-dayrates-70547/feed 0 70547 Innovative configuration helps industry tap into the potential of riserless intervention systems /innovative-configuration-helps-industry-tap-into-the-potential-of-riserless-intervention-systems-70536 /innovative-configuration-helps-industry-tap-into-the-potential-of-riserless-intervention-systems-70536#respond Tue, 22 Oct 2024 22:00:37 +0000 /?p=70536 By Mahesh Sonawane and Ben Toleman, 2H Offshore Subsea well intervention is akin to the regular maintenance of a car. While it can feel like an inconvenience to get it serviced, it is essential for the longevity and performance of the car. Similarly, offshore wells deplete over time and encounter issues that hamper oil production. …

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]]> /innovative-configuration-helps-industry-tap-into-the-potential-of-riserless-intervention-systems-70536/feed 0 70536 Striving for ‘factually complete,’ not just ‘completely factual’ /striving-for-factually-complete-not-just-completely-factual-70549 /striving-for-factually-complete-not-just-completely-factual-70549#respond Tue, 22 Oct 2024 22:00:36 +0000 /?p=70549 By Linda Hsieh, Editor & Publisher In 2023, wind achieved a record year for new build with over 115 GW coming online. Further, solar and wind together saw a dramatic 67% increase in capacity. Those are important findings from the newest Statistical Review of World Energy, but the context would not be complete if you …

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]]> /striving-for-factually-complete-not-just-completely-factual-70549/feed 0 70549 85 years of progress: shaping a sustainable future in drilling /85-years-of-progress-shaping-a-sustainable-future-in-drilling-70591 /85-years-of-progress-shaping-a-sustainable-future-in-drilling-70591#respond Tue, 22 Oct 2024 22:00:36 +0000 /?p=70591 From the Chairman As we approach IADC’s 85th anniversary next year, I’m reminded of the incredible journey our industry has undertaken. For well over a century, drilling contractors have been at the forefront of powering global progress, constantly evolving to meet the world’s ever-growing energy needs.  Today, we stand at a critical juncture. Our industry …

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]]> /85-years-of-progress-shaping-a-sustainable-future-in-drilling-70591/feed 0 70591 Blaine Dow, SLB: Field experience is crucial to developing technologies that can succeed /blaine-dow-slb-field-experience-is-crucial-to-developing-technologies-that-can-succeed-70600 /blaine-dow-slb-field-experience-is-crucial-to-developing-technologies-that-can-succeed-70600#respond Tue, 22 Oct 2024 22:00:36 +0000 /?p=70600 By Stephen Whitfield, Senior Editor In his 30-plus years in the oil and gas industry, Blaine Dow has steadfastly believed in the power of technology to move the drilling industry into new frontiers. Through various roles in drilling engineering at SLB, he has helped to develop innovative equipment and technologies both for the rig and …

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]]> /blaine-dow-slb-field-experience-is-crucial-to-developing-technologies-that-can-succeed-70600/feed 0 70600 Engineering, simulator testing help to integrate automated well control into rig control system /engineering-simulator-testing-help-to-integrate-automated-well-control-into-rig-control-system-70612 /engineering-simulator-testing-help-to-integrate-automated-well-control-into-rig-control-system-70612#respond Tue, 22 Oct 2024 22:00:35 +0000 /?p=70612 By Bryan Atchison, Safe Influx, and Fraser Dunphy, Finesse Control Systems Automated well control performs all the tasks traditionally performed by the driller to identify an influx, and then controls the drilling and blowout preventer (BOP) equipment to safely shut in the well. Automation has been proven to deliver benefits in efficiency, reliability, repeatability, quality …

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]]> /engineering-simulator-testing-help-to-integrate-automated-well-control-into-rig-control-system-70612/feed 0 70612 2024 NOV census shows US onshore is leveling out overall while offshore is still growing /2024-nov-census-shows-us-onshore-is-leveling-out-overall-while-offshore-is-still-growing-70629 /2024-nov-census-shows-us-onshore-is-leveling-out-overall-while-offshore-is-still-growing-70629#respond Tue, 22 Oct 2024 22:00:35 +0000 /?p=70629 By Tarjei “TJ” Myklebust and Karl Appleton, NOV This year’s census saw a leveling out of the decline in the US onshore rig markets, while other regions, such as the Middle East, continued their multi-year growth. Offshore rig markets remained tight, and positive developments for rig counts and dayrates in the mobile offshore drilling unit …

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