An in-depth look at NOV’s closed-loop drilling automation system, which could help develop North Sea and Arctic assets. Automation is a growing force in the offshore oil and gas industry. Its potential to increase safety, optimize operations…
In October, Newpark Drilling Fluids named Phil Vollands president of North America. Vollands is focused on growing the business and positioning Newpark Drilling Fluids as the leader in water-based fluid technology. Vollands has plenty of industry experience…
In today’s oil and gas markets, there are many drilling situations in which an operator faces adversity. A growing difficulty to successfully and economically drill and produce wells has created a global demand for proper well optimization…
The BP MS 150 is a two-day fundraising cycling ride organized by the National Multiple Sclerosis Society: Lone Star Chapter. This ride is the largest event of its kind in North America, and the top fund- raiser for the society, but it’s one of more than 100 Bike MS rides staged around the US…
The nominees for the 2014 ONS Innovation Awards have been announced. According to ONS, whose 2014 theme is 'Changes,' the jury has evaluated all of the applications for the ONS Innovation Awards. The award will be presented in two different…
Statoil has outlined investment it is making to extend the life of its Gullfaks field out to 2040, including installing new loading buoys on the field. Statoil says 2.55 billion bo from the Gullfaks field have passed through the existing loading buoys since first oil in 1986…
The doors leading to the exhibit halls, where more than 1355 exhibitors were present. Images from SPE. Sarah Parker Musarra reviews the 2014 International Association of Drilling Contractors/…
Current drilling simulators strive to offer operators hazard-free, cost-effective training solutions in a true-to-life environment. Greg App provides an overview of the latest technology. Some of the most substantial technological innovations…
NOV Inc. announced that Clay C. Williams was appointed to president and CEO of the company effective immediately. NOV previously announced that Merrill A. “Pete” Miller, Jr. would step down as chairman and CEO contemporaneous with the…
London-listed oil and gas industry service provider Petrofac has placed the first long-lead orders for its new in-house-designed deepwater derrick lay vessel, to be built at the Shanghai Zhenhua Heavy Industry Co., Ltd (ZPMC) yard in China…
National Oilwell Varco Inc. announced that Chairman and Chief Executive Officer Merrill A. “Pete” Miller, Jr. has informed the Board of Directors that he intends to step down from those positions, concurrent with the completion of plans to…
60th Annual Census: North American rig fleet gains while activity level drops. In the U.S. and Canada, additions to fleets increased availability, while activity decreased. The global offshore mobile fleet posted another modest gain, with 42 newbuilds entering service in the last year…
Oilfield services giant National Oilwell Varco (NOV) has decided to spin off their equipment distribution business into an independent company through an initial public offering made as early as next year. The company expects this plan to be completed as early as the first half of 2014…
ITF has surpassed more than 200 joint industry projects (JIP) in its 14-year history. Oil and gas industry leaders and the Rt. Hon. Michael Fallon MP, UK government Minister of State for Business and Enterprise and Minister of State for Energy…
After closing its US$2.5 billion acquisition of well-drilling equipment parts provider Robbins & Myers, Houston-based National Oilwell Varco (NOV) adds three more businesses to its NOV Mono division: Moyno Inc., Chemineer Inc., and Tarby Inc…
