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IADC/SPE International
Drilling Conference and Exhibition

8–10 March 2022 | Galveston, Texas, USA
Galveston Island Convention Center

 

News

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  • SPE Drilling Engineering Award

    02 Feb 2021 Society of Petroleum Engineers
    The SPE Drilling Engineering award was established in 1984 and recognises outstanding achievement or contributions to the advancement of petroleum engineering in the area of drilling engineering technology. Candidates are nominated by their professional colleagues and selected by committees appointed by the SPE Board of Directors.
  • Total Tapped as Industry’s Top Explorer

    04 Nov 2020 Journal Petroleum Technology
    French major Total has been named the upstream industry’s most-admired explorer in Wood Mackenzie’s annual survey of more than 200 senior business leaders and experts in the upstream sector. 
  • ExxonMobil Marks 18th Subsea Discovery Offshore Guyana

    28 Oct 2020 Journal Petroleum Technology
    The string of successful exploration wells offshore Guyana continues for ExxonMobil which announced today its 18th discovery. The well was drilled in the massive Stabroek field that comprises 6.6 million acres about 125 miles north of Guyana’s coast.
  • Weatherford International and an Aberdeen-based startup called Safe Influx have agreed to co-market their respective managed-pressure-drilling (MPD) and automated well control technologies. The complementary systems aim to provide greater well integrity during drilling and well construction operations.
  • Pending final approval, it will become the most restrictive setback for new oil and gas wells in the US.

    The COGCC passed a measure on Monday that will be followed by a final vote on 1 November, which is widely expected to result in the formal adoption of the 2,000-ft setback rule that will take effect on 1 January 2021. The decision came after the Colorado legislature passed a separate bill last year redirecting the focus of the state’s industry regulator from promoting oil and gas development to one with more impetus on curbing environmental issues such as methane emissions.

    In 2018, Colorado voters rejected a ballot measure that would have required all new wells in the state to be drilled at least 2,500 ft from occupied buildings. That failed proposal featured no exceptions for oil and gas operators. Under the 2,000-ft rule, there are no exceptions for schools and childcare facilities. However, operators will be able to request hearings for site-specific waivers that fall outside of these areas.

    Critics of the new rule, including local oil and gas groups, argue that the 2,000-ft setback is a de facto ban on new drilling and completions activity in the state which is home to dozens of small and mid-sized independent tight-oil and gas producers. According to various media reports and industry analysis, some of these companies could see between 70 and almost 90% of their undeveloped acreage impacted by the extended setback distance.

    Among the biggest oil and gas companies that operate solely within Colorado are PDC Energy, Extraction Oil & Gas, Bonanza Creek Energy, and HighPoint Resources. Other large producers with a major footprint in the state include Occidental Corporation and Noble Energy, which is being acquired by Chevron in a transaction expected to close by year-end.

    Earlier this week, the Colorado Oil and Gas Conservation Commission (COGCC) cleared the way for a new regulation that will impose a 2,000-ft setback for drilling and completions operations. The rule will increase the current minimum distance of 500 ft required from homes and other occupied structures, including schools, for such operations.

  • Schlumberger and Thermal Energy Partners To Create STEP Energy

    27 Aug 2020 Journal Petroleum Technology
    Schlumberger New Energy and Thermal Energy Partners (TEP), an Austin-based geothermal energy development firm, announced on 27 August that they have entered into an agreement to create STEP Energy, a geothermal project development company. According to the announcement, STEP Energy will leverage its partners’ expertise to develop efficient and profitable geothermal power generation projects to support a reliable supply of clean energy.
  • Norway Opens New Realms of Arctic Oil Exploration

    24 Jun 2020 Journal Petroleum Technology

    Norway is planning a major expansion of oil exploration in the arctic, adding a second licensing round set for approval this fall.

    To further its ambition to build a new oil province in its arctic region, the Norwegian government will auction up to 136 new oil exploration blocks in a major licensing round, with 125 of those in the arctic Barents Sea.

  • Wintershall Dea Makes Third Oil Discovery in Less Than a Month

    11 May 2020 Journal Petroleum Technology
    Independent natural gas and oil company Wintershall Dea and its license partners have made significant oil discoveries on the Polok and the Chinwol prospects in Block 29 offshore Mexico, just 12 km apart. The 4 May news came on the heels of the 7 April announcement that the company announced it had discovered oil at the Bergknapp prospect in the Norwegian Sea, close to the Maria field.
  • A Drilling Automation Idea a Driller Could Appreciate

    31 Mar 2020 Journal of Petroleum Technology
    When ranking drilling skills, job coding is going to be low on the list.
  • ExxonMobil’s rig automation experiment is accelerating, with plans to push the number of rigs in the system from three to nine.

  • Equinor Strikes Oil at New North Sea Discovery

    02 Mar 2020 Journal Petroleum Technology
    Equinor and its partner Neptune Energy report this week that they have drilled two successful exploratory wells in the North Sea. Known as the Sigrun East prospect, the greenfield is estimated to hold between 7 and 17 million BOE.
  • Transocean's Backlog Signals A Deepwater Revival

    19 Feb 2020 Journal Petroleum Technology
    The deepwater drilling business may finally be coming out of a 5-year coma.
  • Lundin Petroleum Joins Decarbonization Movement With a Name Change

    27 Jan 2020 Journal of Petroleum Technology
    Lundin Petroleum announced this week it aims to become carbon neutral by 2030, joining a growing cadre of European-based oil and gas companies making similar commitments. The Swedish oil and gas company will also change its name to Lundin Energy—disposing of “Petroleum”—later this year if shareholders approve the move.
  • Norway Awards Most Licenses Ever in New Round

    15 Jan 2020 Journal of Petroleum Technology
    Norway's energy ministry on 15 January awarded 83 production licenses in the North, Norwegian, and Barents Seas to 33 firms, topping the country's year-old record of most licenses awarded in a round.
  • Oil and Gas Discoveries Reach Four-Year High in 2019: Rystad

    14 Jan 2020 Journal of Petroleum Technology
    A total of 12.2 billion BOE was discovered worldwide in 2019'the highest volume in 4 years, according to Rystad Energy, with offshore regions dominating the list of new deposits. Twenty-six discoveries of more than 100 million BOE were recorded, with new discoveries in Guyana alone totaling approximately 1.8 billion BOE.
  • Equinor Plans to Eliminate Norwegian Carbon Emissions

    07 Jan 2020 Journal of Petroleum Technology
    By 2050, Equinor expects its Norwegian offshore fields to have no net greenhouse gas emissions while still producing about half as much oil and gas.
  • Equinor, Total, Aker Launch Subsea CO2 Injection R&D Project

    15 Nov 2019 Journal of Petroleum Technology
    Subsea CO2 separation and injection would represent a major step-forward in the effort to turn the dream of a 'subsea factory' into a reality. Announced this week, a joint-industry project has been launched to see whether the required technology can be economically developed.
  • Power-From-Shore Expanding to Support Norwegian Offshore Production

    28 Oct 2019 Journal of Petroleum Technology
    Starting in 2022, Equinor and its partners will boast up to 10 offshore fields that receive some or all of their electrical needs via onshore power sources. The subsea power grid is expected to reduce the fields' collective CO? emissions by around 1.2 million tons annually.
  • Transocean Deploys Hybrid Floating Drilling Rig Off Norway

    02 Oct 2019 Journal of Petroleum Technology
    Transocean has deployed its first hybrid energy storage system aboard the company's Transocean Spitsbergen floating drilling rig, currently located at the Equinor-operated Snorre field offshore Norway.
  • Norwegian Exploration and Development Pick Up, but More Is Needed

    17 Jul 2018 Journal of Petroleum Technology
    Operators are drilling more exploration wells than in recent years and developing a high number of projects on the Norwegian Continental Shelf (NCS), but even more activity will be needed into the next decade to prevent a drop-off in production.