2016 News Archive

IADC Comments on Federal Offshore Leasing Program, Expresses Disappointment with Exclusion of Arctic

“By failing to include the Arctic in the 2017-2022 Outer Continental Shelf Leasing Program, the outgoing Administration has proven that it is not interested in growing an industry that provides both jobs and economic benefits for all Americans. IADC members are disappointed that all areas outside of the Gulf of Mexico are excluded from the plan, as it signals a missed opportunity to supply more jobs and strengthen energy independence for the U.S.”
29th November, 2016|2016, News|

IADC Partners with Wounded Warrior Project to Employ Injured Veterans

Offering meaningful employment opportunities for injured U.S. veterans is the goal of a unique collaboration between the International Association of Drilling Contractors (IADC), Lloyd’s Register and the Wounded Warrior Project. The program offers an opportunity for veterans, through the Wounded Warrior Project’s Warriors to Work Program, to work as proctors, overseeing the testing assessment portion of IADC’s WellSharp well control training program.
11th November, 2016|2016, News|

IADC Recognizes Excellence with Exemplary Service Awards on First Day of Annual General Meeting Conference

The International Association of Drilling Contractors is hosting today an “IADC Offshore Drilling 101” Lunch and Learn. The event, held at 460 Dirksen – EPW Committee Room, at noon, will detail the basics of offshore drilling operations, along with the positive impacts on the US economy.
8th November, 2016|2016, News|

IADC Hosts Offshore Oil and Gas Industry Educational Lunch and Learn Event on Capitol Hill

The International Association of Drilling Contractors is hosting today an “IADC Offshore Drilling 101” Lunch and Learn. The event, held at 460 Dirksen – EPW Committee Room, at noon, will detail the basics of offshore drilling operations, along with the positive impacts on the US economy.
8th November, 2016|2016, News|

House Interior Appropriations Act Recognizes Energy Industry’s Economic Contribution

In response to the passage of H.R. 5538, the Interior Appropriations Act, today by the U.S. House of Representatives, IADC President Jason McFarland commented:
14th July, 2016|2016, News|

BOEM Must Complete Air Quality Studies Before Instituting Final Rule

IADC, along with other industry trade organizations, issued a letter to the US Bureau of Ocean Energy Management regarding the Air Quality Control, Reporting and Compliance Proposed Rule.
23rd June, 2016|2016, News|

IADC Welcomes Committee Passage of House Interior Appropriations Bill

“The committee approval of this appropriations bill is an important step forward in ensuring that oil and gas regulations are fair and sensible. Of particular interest to drilling contractors is the inclusion of language surrounding the Bureau of Ocean Energy Management’s (BOEM) Air Quality Control, Reporting and Compliance rule.
15th June, 2016|2016, News|

Hydrocarbons Vital for Energy Future, IADC Responds to International Energy Outlook 2016

“The EIA’s International Energy Outlook is a perfect reminder of how vital hydrocarbons are to fueling our world and how misguided the ‘Keep it in the Ground’ rhetoric is to ensuring the world has plentiful and affordable energy.
11th May, 2016|2016, News|

Robust Offshore Leasing Program Crucial for Drilling Contractors

In response to today’s public meeting hosted by the Interior Department’s Bureau of Ocean Energy Management (BOEM) on the draft 2017-2022 Outer Continental Shelf Oil & Gas Leasing Proposed Program, IADC President Jason McFarland issued the following statement: “A robust oil and gas leasing program in the U.S. Gulf of Mexico and off the coast of Alaska is critical to the future success of offshore drilling contractors. As the BOEM notes in their own proposal, in 2014, the US produced more than 49 quadrillion btus of oil and gas.
26th April, 2016|2016, News|

English Court of Appeal Rules in Favor of Transocean; Positive Implications for Drilling Contractors

In a significant court decision that is a victory for drilling contractors, the English Court of Appeal last week ruled in favor of Transocean with regard to how drilling contract consequential loss clauses should be interpreted.
22nd April, 2016|2016, News|

IADC Comments on BSEE Blowout Preventer, Well Control Requirement Final Rule

In response to the Bureau of Safety and Environmental Enforcement’s (BSEE) release today of the final rule regarding blowout prevent (BOP) requirements and reforms in the areas of well design, well control, well monitoring and subsea containment, IADC President Jason McFarland issued the following statement: “As the owners of drilling rigs and blowout preventers, IADC members are acutely impacted by this rule. Since BSEE issued its initial proposal last year, our members have participated in joint industry workgroups to carefully consider each of the points of the lengthy and detailed Well Control Rule, and submitted comments several months ago.
14th April, 2016|2016, News|

IADC Hosts Educational Lunch and Learn Event on Capitol Hill

The International Association of Drilling Contractors is hosting today an “IADC Onshore Drilling 101” Lunch and Learn. The event, held in the House Natural Resources Committee Room 1334 at noon, will detail the basics of drilling and hydraulic fracturing, along with the positive impacts on the US economy. “The opportunity to educate individuals creating our nation’s energy laws and regulatory policy is something IADC is proud to do. IADC members believe that by providing at least a base level of understanding of how the industry functions and operates, we will aid in the more knowledgeable and efficient formation of regulation and legislation that ultimately better serves the U.S. taxpayer and industry,”
12th April, 2016|2016, News|

IADC Comments on Federal Offshore Leasing Program, Expresses Disappointment with Exclusion of Atlantic Lease Sale 260

In response to the release of the US Department of the Interior’s proposed 2017-2022 Outer Continental Shelf Oil & Gas Leasing Proposed Program, IADC President Jason McFarland issued the following statement: “This Administration says it promotes an ‘all of the above’ energy mix for this country, but their words are not backed up by their actions. By failing to include an Atlantic lease sale in the upcoming 5-year-program, the Administration is taking jobs off the table and failing to prudently develop the natural resources that belong to all Americans. This is a missed opportunity for our members to supply more jobs for the American economy.”
15th March, 2016|2016, News|

IADC Comments on President Obama’s 2017 Budget, Urges Collaboration with Oil and Gas Industry to Boost American Economy

Today, the White House released President Obama’s 2017 budget proposal. In response, IADC President Jason McFarland issued the following statement: “The U.S. oil and natural gas industry supports 9.8 million jobs and contributes billions of dollars each year to the U.S. Treasury. Despite these significant contributions, the President’s budget continues to use the oil and natural gas industry as an ATM to pay for proposals to fix traffic congestion, poor infrastructure and other items that our nation needs to address...
9th February, 2016|2016, News|

Joint Industry Project formed to establish BOP Reliability Database

A new Joint Industry Project (JIP) to establish an industry-wide BOP Reliability Database recently formalized the initial phase of work. The ultimate aim is to produce a single source of quality information on the performance of BOP systems. The JIP was initiated jointly by the International Association of Drilling Contractors (IADC) and the International Association of Oil and Gas Producers (IOGP).
29th January, 2016|2016, News|