2016 News Archive

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.

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.

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.

“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.

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.

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,”

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...