Drilling developments ///

IADC urges industry stability in tough times. Although oil and gas prices might dip further before improvement is seen, the drilling industry should stabilize employment as much as possible to preserve its strength long term, said C. Stedman Garber, Jr., 2002 chairman of the International Association of Drilling contractors and president/CEO of the newly merged GlobalSantaFe Corp. Garber’s remarks were made during a Houston Chapter meeting in January.

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