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Houston-based Stress Engineering Services has purchased Texas-based Laserstream, a company specializing in laser mapping of tubular assets. The acquisition will gain Stress Engineering the ownership to high-resolution pipe ID scanning hardware and imaging software while enhancing its competencies within upstream, midstream, downstream, aerospace, consumer and medical services. With the acquisition, SES will be able to capitalize on Laserstream’s state-of-the-art equipment, to combine with its laboratories and service offerings.
The United States Department of Energy Small Business Innovation Research Program has presented a Phase I grant to E-Spectrum Technologies and Dr. Eduardo Gildin of Texas A&M University. The grant will be used in creating an advanced advisory system that precisely portrays the underground circumstances in real-time during drilling operations. E-Spectrum currently deploys algorithms to collect and filter data from bit vibrations, speed or sound changes, and temperature or pressure changes.
Houston-based Chemicals manufacturer, Nissan Chemical America Corporation (NCA) has joined hands with industrial gas suppliers, Messer Americas, to enhance oil and gas production. The two firms have collaboratively developed a treatment, nanoActiv HnP—an energized, fast turnaround style “Huff ‘n Puff”— which incorporates nanoActiv with a CO₂ or N₂ gas application method to enhance oil and gas recovery.
S&P Global Platts yesterday informed about publishing the first-to-market suite of hydrogen price assessments. Platts’ hydrogen price assessments will indicate the value of hydrogen produced at hubs in the significant regions of consumption across the US and Europe. Platts is also looking to assess other additional prices in other geographies, including Asia. S&P Platts is an independent provider of information and benchmark prices for the commodities and energy markets.
American conglomerate, Honeywell has purchased Rebellion Photonics, a Houston-based provider of innovative, intelligent, visual gas monitoring solutions. Rebellion Photonics’ real-time monitoring platform allows plant operators to visually identify and quantify gas releases. Rebellion will become acquired into Honeywell’s Safety and Productivity Solutions business, which offers an array of gas detection technologies, safety gear, mobility solutions and software to ensure worker's safety and productivity.
China’s Zhejiang Petroleum & Chemical Co yesterday informed about launching a 3.8-million-tonne-per-year reformer unit earlier this month at its new mega refinery and petrochemical complex in East China. Claimed to be the world’s single-largest facility of its kind, the unit will process naphtha into aromatics. The Zhejiang Petrochemical complex also consists of a second 200,000-bpd crude unit, a 1.4 million-tpy ethylene and a 4 million-tpy paraxylene plant.
Aquarius Marine Coatings (AMC) has introduced a new anti-foul coating solution for offshore oil and gas. Coppercoat-Commercial has high levels of copper and is a natural anti-microbial agent. It will effectively protect sub-sea infrastructure from hosting layers of plant, animal and microbe growth. This coating does not contain any volatile organic compounds and offers protection against degradation forms.
Rovco, a subsea technology company has launched a new product called “SubSLAM Live”. It is 3D streaming technology which will allow clients to live stream 3D underwater point clouds to any device in the world. “The model is compressed and progressively sent over a low-bandwidth <256Kb network link to a cloud server along with the ROV's position", says Rovoco's CSO.
Emerson Automation Solution has secured the monitoring contract for the Tyra gas field redevelopment project from Total E&P Denmark. Emerson will deploy its wellhead pressure monitoring technology to the gas field in the North Sea, in order to improve safety during the project redevelopment. Total initiated the redevelopment of the facility due to seabed subsidence.
The biggest conference of the oil and gas industry, ADIPEC 2019 is currently happening in Abu Dhabi. During the conference, ADNOC's CEO Sultan Ahmed al-Jaber has addressed the industry professionals saying "Oil and gas industry will remain an essential pillar of the future diversified energy mix". He has called out on the industry to modernize in order to keep up with the fast-evolving energy landscape.
Halliburton has introduced a new logging-while-drilling technology, PixStar High-Resolution Ultrasonic Imaging Service. With the help of this new technology, operators will get real-time images of the borehole which will make it easy for them to identify fractures. It will also improve well stability and optimize completion design. PixStar has ultrasonic transducer through which high-resolution images are developed.
Sources have said that oil supermajor, Exxon Mobil and ONGC have inked an expertise-sharing agreement to enable the Indian state-owned to develop its resources in offshore blocks. Sources also said that the two firms have already signed a memorandum of understanding (MoU) for now, and will be later inked as a definitive deal after the US oil major studies ONGC’s block.
India’s downstream giant, IOCL is developing indigenous metals-based batteries in an attempt to prevent the dependence on lithium imports. Chairman of the state-run behemoth, Sanjiv Singh said that the metal-air batteries will generate energy by the oxidation of metals such as iron, zinc and aluminium. While the batteries are not rechargeable, motorists can swap plates to power them instantaneously, thereby eliminating the requirement for a charging infrastructure
Smith Bits, a Schlumberger company has introduced a new technology that will enhance the quality and efficiency of the bits. Aegis armor cladding of Smith Bits will improve bit's body design and erosion resistance. It will also increase rate of penetration and bit durability for longer runs. “Our new armor cladding technology combines innovative materials science with an electron-beam additive manufacturing process”, said Schlumberger's President of Bits & Drilling Tools.
Halliburton has added new technology to its product line. Oil field service company has acquired from Westerton a new portfolio of electro-mechanical downhole cutting tools and related tubing punches. This equipment will offer a safe and reliable alternative to operators for conventional pipe recovery and intervention across the well lifecycle. It will not only reduce the cost of construction of new wells but also extend the life of old wells.
McDermott International whose shares have jumped by more than 50% this week has informed about exploring the sale of its Lummus Technology business. Its business is being valued at more than $2.5 billion. Moreover, the sale of Lummus will give the company some relief while it works with debt restructuring specialist AlixPartners. Currently, the energy industry contractor has a debt burden of about $4.3 billion.
World’s largest oilfield services firm, Schlumberger has entered into a strategic collaboration with IHS Markit, through its geophysical data solutions division WesternGeco. Through the collaboration, the firms intend to consolidate their data, technology and experience in exploration and production (E&P) and enable access to it through the GAIA digital subsurface platform. The GAIA platform was launched by WesternGeco and is powered by the DELFI cognitive E&P environment.
Oilfield services giant, Schlumberger has entered into a strategic collaboration with TGS on a new 3D seismic reimaging project. The project will see the reimaging of data from three overlapping seismic surveys across 3,600 sq km. Evidently, the seismic reimaging data is the only available 3D data in this area of the Red Sea. TGS and Schlumberger will deploy their proprietary geophysical services product line, WesternGeco on the project.