{"id":63307,"date":"2022-07-07T14:53:29","date_gmt":"2022-07-07T19:53:29","guid":{"rendered":"https:\/\/drillingcontractor.org\/?page_id=63307"},"modified":"2022-07-07T14:53:29","modified_gmt":"2022-07-07T19:53:29","slug":"july-august-2022","status":"publish","type":"page","link":"https:\/\/drillingcontractor.org\/dc-archive\/july-august-2022","title":{"rendered":"July\/August 2022"},"content":{"rendered":"<div class=\"whtTbl\">\n<table>\n<tbody>\n<tr>\n<th align=\"left\">Looking for the Digital Reader version of this issue? <a href=\"https:\/\/drillingcontractor.org\/reader\/2022\/cortec-0722.html\">Click here!<\/a><\/th>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/reader\/2022\/cortec-0722.html\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/drillingcontractor.org\/wp-content\/uploads\/2022\/07\/DR-Hero-JA22-email-620x330-2.png\" alt=\"Digital Reader edition\" width=\"300\" height=\"158\" align=\"right\"><\/a><em>DC<\/em>&#8216;s Digital Reader is a faithful recreation of the printed magazine, in digital form! Digital Reader can be viewed on an iPad or Android tablet, and\/or your Windows or Mac OSX computer.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div class=\"whtTbl\">\n<table>\n<tbody>\n<tr>\n<th>Digital Transformation<\/th>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63276\"> <strong>The Art of Data Science: Industry hones in on reliability, ease of use<\/strong><br \/>\n<em>Recent efforts touch on standardization, aggregation from disparate sources, automated processing and customizable delivery to users<\/em><\/a><br \/>\n<em>By Stephen Whitfield, Associate Editor<\/em><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63215\"><strong>Rules Engine Exchange: Patterson-UTI applies advanced real-time alerting system to drive operational excellence<\/strong><\/a><br \/>\n<em>By Trevor Olson, Patterson-UTI Drilling Company<\/em><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63227\"><strong>Industry may need to look to startups to unlock new potential for tech innovation<\/strong><\/a><br \/>\n<em>By Stephen Forrester, Contributor<\/em><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63232\"><strong>Advancing the energy transition requires collaboration, cash and Star Trek-level thinking<\/strong><\/a><br \/>\n<em>By Jessica Whiteside, Contributor<\/em><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63235\"><strong>Software goes beyond graphs to offer virtual reality presentation of drilling data visualizations<\/strong><\/a><br \/>\n<em>By Stephen Whitfield, Associate Editor<\/em><\/td>\n<\/tr>\n<tr>\n<th>Offshore Asset Integrity<\/th>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63283\"> <strong>In new digital ecosystem, considerationsfor asset integrity must evolve<\/strong><br \/>\n<em>Physical inspections remain important, but cybersecurity and data analytics now play bigger roles in driving safety-critical decisions<\/em><\/a><br \/>\n<em>By Stephen Whitfield, Associate Editor<\/em><\/td>\n<\/tr>\n<tr>\n<th>Environmental, Social and Governance<\/th>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63211\"> <strong>Industry panel: Companies must embrace the challenges that will come with the energy transition<\/strong><\/a><br \/>\n<em>By Stephen Whitfield, Associate Editor<\/em><\/td>\n<\/tr>\n<tr>\n<th>IADC Connection<\/th>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63257\"><strong>From the Chairman: Industry leverages automation, digitalization to build a better and safer work environment<\/strong><\/a><br \/>\n<em>By Jeremy Thigpen, IADC Chairman<\/em><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63242\"><strong>News Cuttings<\/strong><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63242#nc1\"><strong>IADC, Brazil&rsquo;s ABESPetro formalize collaboration<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63242#nc2\"><strong>Celine Martin, Guido van den Bos honored with IADC Exemplary Service Awards<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63242#nc3\"><strong>Revised IADC Bit Dull Grading document issued for industry comment <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63242#nc4\"><strong>Ensign, Diamond win Australasia Chapter safety awards <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63242#nc5\"><strong>IADC licenses Data Gumbo as smart contract provider <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63242#nc6\"><strong>IADC releases Rig Sensor Stewardship Guidelines <\/strong><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63239\"><strong>Wirelines<\/strong><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63239#w1\"><strong>API releases policy plan for boosting US production<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63239#w2\"><strong>BSEE proposes formal regulations around use of novel, HPHT technologies<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63239#w3\"><strong>IADC calls DOI out on decision to halt lease sales<\/strong><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<th>Departments<\/th>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63209\"><strong>Drilling Ahead: Inflation, lack of funding threaten industry&rsquo;s recovery and upcycle<\/strong><\/a><br \/>\n<em>By Linda Hsieh, Editor &amp; Publisher<\/em><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63264\"><strong> D&amp;C News<\/strong><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63264#DCN1\"><strong> Fajr-8 well tested, commences production in Egypt<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63264#DCN2\"><strong> Keppel secures bareboat charters for 4 jackups to be deployed in Middle East<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63264#DCN3\"><strong> Contracts extended into 2025 for 3 Seadrill jackups<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63264#DCN4\"><strong> Energean extends 2022 drilling campaign in Israel<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63264#DCN5\"><strong> Equinor makes discovery near Johan Castberg field<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63264#DCN6\"><strong> Valaris sells jackups, pledges regular fleet assessments<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63264#DCN7\"><strong> Chevron to develop Ballymore in US Gulf with 3-mile subsea tieback to Blind Faith<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63264#DCN8\"><strong> Shell announces start of production from Guanabara FPSO in Brazil&rsquo;s Santos Basin<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63264#DCN9\"><strong> Maersk Invincible to drill on Ivar Aasen<\/strong><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63268\"><strong>D&amp;C Tech Digest<\/strong><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63268#DCTD1\"><strong>Coretrax system expands 27,000 ft of tubulars across 3 wells in Utica Basin<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63268#DCTD2\"><strong>75.4 hours of continuous plug-and-perf pumping time achieved in DJ Basin <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63268#DCTD3\"><strong>Subsea solutions enable milestone in cost savings, CO<sub>2<\/sub> emissions reduction<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63268#DCTD4\"><strong>R&amp;D project aims to find lower-cost options for downhole sampling, logging<\/strong><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63253\"><strong>News Briefs: Environmental, Social and Governance<\/strong><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63253#esg1\"><strong>UK&rsquo;s 1st carbon storage licensing round offers 13 areas<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63253#esg2\"><strong>Chevron, Pertamina to collaborate on geothermal, other low-carbon projects<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63253#esg3\"><strong>Energy transition needs to cut demand 1st, not supply <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63253#esg4\"><strong>UH research: Produced water could be new source of lithium<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63253#esg5\"><strong>ABB set to automate, power Northern Lights project<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63253#esg6\"><strong>DNV to help IOGP develop decarbonization guidelines <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63253#esg7\"><strong>VOC capture system used during manufacture of coating technology <\/strong><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63249\"><strong>Oil &amp; Gas Markets<\/strong><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63249#ogmar1\"><strong>DNV survey: 57% of professionals say they believe cyber attacks on energy industry will cause loss of life<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63249#ogmar2\"><strong>Report: High-impact exploration drilling levels didn&rsquo;t fall in 2021, but success rate did <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63249#ogmar3\"><strong>McKinsey research: Oil demand may peak by 2025<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63249#ogmar4\"><strong>Long-term LNG contracting off to a fast start this year <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63249#ogmar5\"><strong>More oil\/gas companies see CCUS as revenue stream<\/strong><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63271\"><strong>People, Companies and Products<\/strong><\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl1\"><strong>Valaris announces executive leadership appointments<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl2\"><strong>Caio M&aacute;rio Paes de Andrade elected as new CEO of Petrobras<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl3\"><strong>Matrix to build riser buoyancy system for new floater in Asia <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl4\"><strong>Nabors, Hydro Drilling form alliance in Europe, Africa <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl5\"><strong>Odfjell Technology secures wellbore cleanup contract <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl6\"><strong>Hearne to lead consolidated Chevron E&amp;P business &nbsp; <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl7\"><strong>Liberty Energy, Seismos partner on real-time stimulation analytics <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl8\"><strong>Kongsberg signs agreement for digital twin solution <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl9\"><strong>Fishbones takes its stimulation technology into geothermal &nbsp; <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl10\"><strong>Keppel O&amp;M, Sembcorp agree on proposed merger <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#ppl11\"><strong>Alturki Ventures invests in wireless downhole technology <\/strong><\/a><\/li>\n<\/ul>\n<p><em> Products<\/em><\/p>\n<ul>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#prods1\"><strong>New software optimizes drilling parameters in real time<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#prods2\"><strong>Subsea wellhead technology helps lower installation cost, time &nbsp; <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#prods3\"><strong>Oil States launches MPD and RGH system, 15K riser for HPHT, sour service<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#prods4\"><strong>Remote well monitoring system leverages satellite connectivity<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#prods5\"><strong>DNV offers new tool for safety, sustainability assessments<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#prods6\"><strong>Water-based hydraulic fluid designed for offshore rigs <\/strong><\/a><\/li>\n<li><a href=\"https:\/\/drillingcontractor.org\/?p=63271#prods7\"><strong>Smart valve positioner improves reliability, safety<\/strong><\/a><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/drillingcontractor.org\/?p=63261\"><strong>Perspectives: Fred Growcock &ndash; IADC Tech Pubs Committee looks to the future as it considers expanding focus beyond oil and gas<\/strong><\/a><br \/>\n<em> By Stephen Whitfield, Associate Editor<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Looking for the Digital Reader version of this issue? Click here! DC&#8216;s Digital Reader is a faithful recreation of the printed magazine, in digital form! Digital Reader can be viewed on an iPad or Android tablet, and\/or your Windows or Mac OSX computer. Digital Transformation The Art of Data Science: Industry hones in on reliability, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":62,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-63307","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>July\/August 2022 - Drilling Contractor<\/title>\n<meta name=\"description\" content=\"Get oil and gas drilling news, videos, ebooks &amp; more with the official magazine for the International Association of Drilling Contractors...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/drillingcontractor.org\/dc-archive\/july-august-2022\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"July\/August 2022 - 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