November/DEcember 2024

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2025 Drilling Outlook
Steady but flat outlook forecast for the global onshore market in 2025 Rig and well counts set to rise slightly, but E&Ps’ spending caution, continued M&A activity and OPEC+ cuts will likely limit growth By Stephen Whitfield, Senior Editor
Post-downturn offshore upcycle shows stability heading into next year Growth in activity set to level off, but utilization will remain healthy as drilling contractors refrain from adding new rigs to market By Stephen Whitfield, Senior Editor
Push/pull dynamic with rig efficiency and pricing likely to lead to stagnation in dayrates By Stephen Whitfield, Senior Editor
Capital starting to flow back to E&P sector as companies keep focus on shareholder value By Stephen Whitfield, Senior Editor
Innovations in Well Control
Engineering, simulator testing help to integrate automated well control into rig control system By Bryan Atchison, Safe Influx, and Fraser Dunphy, Finesse Control Systems
NOV Annual Rig Census
2024 NOV census shows US onshore is leveling out overall while offshore is still growing By Tarjei “TJ” Myklebust and Karl Appleton, NOV
Advances in Subsea Intervention
Innovative configuration helps industry tap into the potential of riserless intervention systems By Manesh Sonawane and Ben Toleman, 2H Offshore
Innovative Business Models
Alliance model helps Aker BP and its partners adapt to market volatility, stay competitive By Jessica Whiteside, Contributor
IADC Connection
The IADC team: Honoring our past, celebrating our future By Jason McFarland, IADC President and Katie Carr, Senior Coordinator – External Communications
85 years of progress: Shaping a sustainable future in drilling By Brad James, 2024 IADC Chairman
News Cuttings IADC rolls out revised Standard Format Equipment List for Floating Drilling Units Student Chapter starts at Indian Institute of Technology Nigeria Chapter recognizes active ISP participants
Wirelines Industry groups appeal ruling on Biological Opinion BSEE finalizes new safety rules for novel technologies
Departments
Drilling Ahead: Striving for ‘factually complete,’ not just ‘completely factual’ By Linda Hsieh, Editor & Publisher
D&C News TotalEnergies takes FID for Suriname’s Block 58 Petrobras awards contracts to Constellation’s Laguna Star, Hanhwa’s Tidal Action ultra-deepwater drillships NAGA 6 completes SPS, heads for operations in Sarawak New contracts, extensions boost KCA Deutag backlog Northern Ocean alliance targets field development program in Ghana
D&C Tech Digest Baker Hughes adopts software to enable additive manufacturing at scale at its Houston facilities DrillDocs delivers real-time cuttings data to Aker BP Well monitoring system aids decom of remote assets Expanded partnership targets AI-driven solutions for the energy industry
News Briefs: Environmental, Social and Governance Energy-related emissions to peak this year, according to DNV’s forecast
Oil & Gas Markets Output set to grow from Iraq’s upstream sector US oil and gas workforce report finds steady growth followed by stabilization
People, Companies and Products Nabors announces deal to acquire Parker Wellbore Noble closes on acquisition of Diamond Offshore Drilling Seadrill, Oil States to collaborate on MPD solutions Baker Hughes makes changes to executive team APA Corp sells off Permian assets for $950 million Ingersoll Rand expands portfolio with acquisitions OSP, Alpha Oil Tools announce tech alliance Salunda, Intellilift partner on well construction SLB, ADNOC Drilling, Patterson-UTI form JV for UAE unconventionals 3t Drilling Systems set to deliver simulator to ONGC training institute Products Perf tool provides flexibility in wireline, completions New analytic system designed to streamline drilling fluids management Well intervention tech addresses deployment challenges Kongsberg Digital launches digital twin cockpit interface SLB platform brings Gen AI to subsurface, planning, operations data
Perspectives: Blaine Dow, SLB – Field experience is crucial to developing technologies that can succeed By Stephen Whitfield, Senior Editor