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  • Baker Hughes reports 15-rig decrease in US rig count

    <p>The US rig count has fallen substantially this week, dropping from 928 to 913, according to the Baker Hughes weekly rig count. The decrease came entirely from onshore, as US drillers idled 15 land rigs. There are now 892 rigs drilling on land and 20 offshore. Of the total US rigs, 736 are drilling for oil and ...</p> <p>The post <a rel="nofollow" href="http://www.drillingcontractor.org/baker-hughes-reports-15-rig-decrease-us-rig-count-44669">Baker Hughes reports 15-rig decrease in US rig count</a> appeared first on <a rel="nofollow" href="http://www.drillingcontractor.org">Drilling Contractor</a>.</p>
  • Transocean announces two-year contract for ultra-deepwater drillship Deepwater Invictus

    <p>Transocean&#8216;s ultra-deepwater drillship Deepwater Invictus has been awarded a two-year contract plus three one-year priced options with a subsidiary of BHP Billiton. The backlog associated with the firm contract is approximately $106 million. The contract is expected to commence in Q2 2018. &#8220;We are extremely pleased to continue working with BHP,&#8221; said Transocean&#8217;s President and Chief Executive ...</p> <p>The post <a rel="nofollow" href="http://www.drillingcontractor.org/transocean-announces-two-year-contract-ultra-deepwater-drillship-deepwater-invictus-44651">Transocean announces two-year contract for ultra-deepwater drillship Deepwater Invictus</a> appeared first on <a rel="nofollow" href="http://www.drillingcontractor.org">Drilling Contractor</a>.</p>
  • To navigate downturn, Vantage Drilling focuses on safety, putting rigs back to work and cost reductions

    <p>When Ihab Toma took over Vantage Drilling as CEO last year, the company had just recently emerged from a Chapter 11 process with a modern rig fleet and strong operations team but with only three rigs contracted. As CEO, Mr Toma said he worked to refocus the company on what he called the three “wildly important goals” (WIGs): having stellar safety performance, putting all rigs back to work, and reducing costs and preserving cash to navigate the downturn. The company now has sold out its jackup fleet, with one drillship to go, and its backlog has doubled in the past six months. In this video from the 2017 IADC Drilling Middle East Conference in Dubai on 4 October, Mr Toma explains the process that was undertaken to implement the three WIGs, as well as the results achieved...</p> <p>The post <a rel="nofollow" href="http://www.drillingcontractor.org/navigate-downturn-vantage-drilling-focuses-safety-putting-rigs-work-cost-reductions-44619">To navigate downturn, Vantage Drilling focuses on safety, putting rigs back to work and cost reductions</a> appeared first on <a rel="nofollow" href="http://www.drillingcontractor.org">Drilling Contractor</a>.</p>
  • AFGlobal showcases Active Control Device, debuts MPD test rig

    <p>AFGlobal showcased several MPD technologies at its Houston facility on 12 October, including an active control device (ACD) for deepwater and offshore surface applications and a purpose-built rig for testing MPD scenarios. Bearings and rotating components are a common source of maintenance and failure in conventional rotating control devices used in MPD operations. The ACD, ...</p> <p>The post <a rel="nofollow" href="http://www.drillingcontractor.org/afglobal-showcases-active-control-device-debuts-mpd-test-rig-44630">AFGlobal showcases Active Control Device, debuts MPD test rig</a> appeared first on <a rel="nofollow" href="http://www.drillingcontractor.org">Drilling Contractor</a>.</p>
  • High-transport, ultra low-density proppant deployed in Permian well

    <p>The CARBOAIR high-transport, ultra low-density ceramic proppant technology was developed to increase fracture length and height to improve reservoir contact. The technology was recently deployed to fracture a well in the Permian Basin with a very thin hydrocarbon zone. In this video from 10 October at the 2017 SPE Annual Technical Conference and Exhibition in San Antonio, Texas, Don Conkle, Director of Sales and Marketing for CARBO, outlined the results that were achieved in this well...</p> <p>The post <a rel="nofollow" href="http://www.drillingcontractor.org/high-transport-ultra-low-density-proppant-permian-well-44640">High-transport, ultra low-density proppant deployed in Permian well</a> appeared first on <a rel="nofollow" href="http://www.drillingcontractor.org">Drilling Contractor</a>.</p>
  • BHGE to leverage strengths of legacy companies to improve recovery, efficiency

    <p>The merger between Baker Hughes and GE has led to the creation of the industry’s first-ever full-stream company, Mathias Schlect, Vice President of Enterprise Technology for BHGE, said during a press conference at the 2017 SPE Annual Technical Conference and Exhibition in San Antonio, Texas. In this video from the conference on 10 October, Mr Schlect discusses the strengths that each legacy company brings to the combined company. He also explains the major industry challenges – including improving recovery rates and increasing efficiency – that can be solved through digital technologies....</p> <p>The post <a rel="nofollow" href="http://www.drillingcontractor.org/bhge-leverage-strengths-legacy-companies-improve-recovery-efficiency-44638">BHGE to leverage strengths of legacy companies to improve recovery, efficiency</a> appeared first on <a rel="nofollow" href="http://www.drillingcontractor.org">Drilling Contractor</a>.</p>

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