23 June 2016

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.
15 June 2016

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.
11 May 2016

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.
26 April 2016

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.
22 April 2016

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.
14 April 2016

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.
12 April 2016

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,”
15 March 2016

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.”