Issue: December 2017
Special Focus
Rig fundamentals have not changed: rotate, hoist and circulate. But every year, we look at impressive new interpretations of how that is done. The vitality of these rig innovations is remarkable, as all strive to improve performance and costs.
Features
Operators are still testing the limits of unconventional technology in the Permian basin, but increased drilling activity likely means steady production gains for next year and beyond.
Current dynamics should portend prosperity, but over-regulation could alter the picture.
An interview with Newfoundland and Labrador Minister of Natural Resources Siobhan Coady
A case study shows how advanced condition-monitoring technologies—plus analytical expertise—can optimize maintenance of mission-critical equipment in offshore environments, while lowering costs and improving safety.
Brighter gas fundamentals spark second wind
Coordinated plans and procedures for managing well control incidents are essential to ensure the protection of life, property and the environment. Having access to a workforce dedicated to deepwater
well control operations can save operators time and money.
Columns
A need for leadership
New Year’s resolutions
Why offshore? The answer is in the denominator!
Bigger nail and hammer
‘Tis the reason…
Two unique strategies for offshore development
Norway’s diversification
Public perception challenges are critical for oil & gas industry
John Terracina: Bringing the frac fluid flair
Winds of change blowing through our industry
News & Resources
During a ministerial meeting in Vienna on Nov. 30, OPEC and participating nations agreed to extend cuts in oil production through the end of next year.
Prices for benchmark crudes continued to climb after Russia and OPEC agreed to extend production cuts for another nine months, although Moscow was concerned that supporting prices above $60/bbl would help U.S. shale producers.
Alasdair Fergusson has been appointed as a managing director at ClearWELL Oilfield Solutions.
Sparrows Group has secured a three-year crane management services contract from Chrysaor.
Sperry Drilling, a Halliburton business, has released its JetPulse high-speed telemetry service, which provides consistent, high-data rate transmission of drilling and formation evaluation measurements.
Industry Leaders Outlook 2018
It’s the end of the year again, and time to reflect on our progress as an industry and a global community.
The year 2017 has been one of mixed fortunes for the UK Continental Shelf (UKCS), and this promises to be the main feature in 2018.
“The Graduate” was one of the iconic films of the late 1960s.
My formula for success is rise early, work late, and strike oil – J. Paul Getty, founder, Getty Oil Co.
The price of oil is in a terrible place, and the “lower-for-longer” malaise impacts the industry’s every decision.
Yet another year with strict capital discipline and cash flow focus will soon come to an end. And what a year it was!
For most of 2017, we have witnessed a steady increase in the Baker Hughes U.S. rig count, from a bottom in the second quarter of 2016 at 421 rigs, to the peak of 947 rigs in the third quarter of 2017.
In 2017, the oil and gas industry weathered unprecedented challenges.
Entrepreneurship—it’s not just for millennials and can include innovative technology, above and beyond “bits and bytes.” Could it be the new you–2.0?
