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Acoustic Data awarded contract for wireless monitoring system
Sept. 17, 2020
Source: World Oil

Acoustic Data awarded contract for wireless monitoring system

Acoustic Data has been contracted to deploy its SonicGauge Wireless Monitoring System in a gas field project in North-Africa. The technology will deliver real-time surface readout of downhole pressure and temperature on post-frac well tests via acoustic telemetry at the project which will enable live analysis. This will allow the subsurface teams to make fast and informed decisions regarding the field development, reducing standby time and the associated operating expenditure.

Schlumberger, IBM & Red Hat join hands to accelerate digital transformation in the Energy Industry
Sept. 9, 2020
Source: World Oil

Schlumberger, IBM & Red Hat join hands to accelerate digital transformation in the Energy Industry

Schlumberger, IBM and Red Hat, signed a major collaboration pact to accelerate digital transformation across the oil and gas industry. The unique collaboration will enable Schlumberger’s use for IBM’s hybrid cloud technology Red Hat OpenShift platform. Using the container platform will enable the deployment of applications in the DELFI environment across any infrastructure, from traditional data centers to multiple clouds, including private and public.

Geoteric launches seismic interpretation products
Sept. 8, 2020
Source: World Oil

Geoteric launches seismic interpretation products

UK-based Geoteric has launched two new seismic interpretation products, Collaborative AI and Geoteric Stratum. Collaborative AI complements the existing Geoteric workflows. It enhances traditional interpretation, and efficiently extracts faults from seismic data. While, Geoteric Stratum is a new cloud-based AI software that delivers simple usability and even greater detail for fault identification, reservoir compartmentalization, and well trajectory planning. Geoteric's products enable faster and more accurate results.

Kongsberg and ABB signs for a digital collaboration
Aug. 27, 2020
Source: World Oil

Kongsberg and ABB signs for a digital collaboration

Kongsberg Digital and ABB Turbocharging have signed a collaboration agreement on edge data collection and ship engine performance analysis. They plan to work towards a common data infrastructure and accelerate the development of value-added digital applications and services. The collaboration will enable ABB Turbocharging to use Kongsberg Digital’s data infrastructure solution for vessels, which runs on Kongsberg Digital’s Kognifai ecosystem.

Ithaca Energy's Jacky Installation goes 100% renewable
Aug. 18, 2020
Source: Energy Voice

Ithaca Energy's Jacky Installation goes 100% renewable

One of Ithaca Energy's offshore platforms in the North sea has become 100% powered by renewable energy. Ithaca’s Jacky installation is now fully powered by wind and solar energy. Jacky would now have relatively low emissions compared to larger assets in the North Sea. However, now more operators seek to reduce emissions through green energy and electrification of their platforms.

Halliburton Releases Intelligent Drill Bit to Optimize Drilling Performance
Aug. 6, 2020
Source: World Oil

Halliburton Releases Intelligent Drill Bit to Optimize Drilling Performance

Halliburton introduced Cerebro Force in-bit sensors, a first-of-its-kind technology that captures weight, torque and bending measurements directly from the bit to improve understanding of downhole environments, optimize bit design and increase drilling efficiency. Built on Halliburton’s successful in-bit vibration sensing platform, Cerebro Force utilizes downhole data to reduce or eliminate surface measurement uncertainty and inefficiencies caused by bit design, bottomhole assembly and drilling parameter selection.

Maersk Drilling to invest in novel technology for carbon reduction
July 30, 2020
Source: World Oil

Maersk Drilling to invest in novel technology for carbon reduction

Maersk Drilling will invest USD $1m in California-based company Clean Energy Systems to develop a new technology called Carbon-Negative Energy. The novel technology will help produce renewable fuel and power and aid to remove greenhouse gases. Maersk Drilling is working to reduce the emissions associated with offshore drilling in multiple ways.

New research study suggests ARNCO hardbanding as the market leader
July 29, 2020
Source: Intech

New research study suggests ARNCO hardbanding as the market leader

A recent research study published in the IntechOpen publication has suggested that ARNCO series hardbandings developed by US-based Arnco Technology are the best hardbanding materials currently available. The authors emphasized that the latest products ARNCO 350XT and 150XT can guarantee 100% no crack. The paper titled ‘Research Progress of the Drill String Hardbanding Materials’ reviewed the research history and status quo of hardbanding materials on tool joints.

Heerema performs record breaking single lift jacket removal
July 22, 2020

Heerema performs record breaking single lift jacket removal

Heerema, a major marine contractor based in Leiden, the Netherlands, has broken the record for the largest single lift jacket removal. Heerema’s semi-submersible crane vessel Sleipnir successfully removed the 8,100-tonne Jotun-B jacket in the Norwegian North Sea for client Vår Energi. The project was completed on Thursday, July 16 and the jacket was offloaded onto the quayside of the decommissioning site in Vats, AF Miljøbase. The removal was completed in four days.

Trendsetter Engineering launches Trident Intervention System
June 23, 2020
Source: World Oil

Trendsetter Engineering launches Trident Intervention System

Trendsetter Engineering, privately-owned oil and gas service company based in Houston, has launched the Trident Intervention System. The intervention systems have been designed for rapid field reconfiguration, providing the flexibility to perform intervention riser, riserless wireline intervention and hydraulic stimulation operations all with one system. This modular intervention approach will result in lower costs for well maintaining, improved production and increased operational efficiency of the intervention.

Weatherford launches Velox™ wellhead system
June 5, 2020
Source: World Oil

Weatherford launches Velox™ wellhead system

Oilfield services giant, Weatherford International has introduced the Velox™ wellhead system, a best-in-industry solution for operators needing to lock in pressure integrity while enhancing safety and improving efficiency. Velox delivers unmatched isolation between casing strings with quick-connect components that maintain pressure control, reduce potential leak paths, and minimises non-productive time during installation in many applications, including high-pressure, high-temperature, and sour-gas wells.

WFS Technologies and Subsea Energy Solutions team up on offshore monitoring systems
June 4, 2020

WFS Technologies and Subsea Energy Solutions team up on offshore monitoring systems

WFS Technologies has joined forces with Subsea Energy Solutions to harness their combined global expertise and market-leading range of live condition monitored cable protection systems for the offshore energy industry. The collaboration will see WFS utilize its smart wireless Seatooth technologies, which provide real-time insight in extreme environments, with SES’s offshore cable and subsea umbilical, riser and flowline protection systems.

Houston firm lands artificial intelligence deal with bp
June 3, 2020

Houston firm lands artificial intelligence deal with bp

Bluware has landed an AI deal with British oil major bp. Bluware had entered into an agreement with bp to improve its ability to interpret seismic data. Financial terms remain undisclosed. Large seismic data sets are difficult to move and use in workflows. The interpretation of these data sets is also time-consuming. Using this tool, geoscientists can interactively train and correct deep learning results, thereby, improving structural interpretation workflows.

US oil, gas consortium completes successful blockchain pilot
June 3, 2020
Source: Reuters

US oil, gas consortium completes successful blockchain pilot

The OOC Oil & Gas Blockchain Consortium has concluded a blockchain pilot with Data Gumbo for automating water management at the Bakken shale field in North Dakota. The trial was able to reduce process workflow to less than a week, down from 90-120 days. The OOC Consortium consists of ten prominent oil and gas players namely Chevron, ConocoPhillips, Equinor, ExxonMobil, Hess, Marathon Oil, Noble Energy, Pioneer Natural Resources, Shell and Repsol.

Halliburton introduces DynaTrac: a real time depth correlation system
May 29, 2020
Source: World Oil

Halliburton introduces DynaTrac: a real time depth correlation system

Halliburton introduced the DynaTrac Real-Time Wireless Depth Correlation System, a new technology that reduces uncertainty and saves rig-time by enabling operators to accurately position packers, perforating guns and the bottom-hole assembly without running wireline or moving the work string. This system takes static measurements to determine the position of the BHA before and after setting the retrievable packer.

IOCL eyes hydrogen-based fuel to shape India's energy transition
May 22, 2020

IOCL eyes hydrogen-based fuel to shape India's energy transition

Indian Oil Corp. is working on an energy transition strategy, which would involve producing hydrogen in a cost-effective way as well as developing technology to combine CNG with hydrogen, its chairman Sanjiv Singh told S&P Global Platts. In addition to refining and fertilizers, hydrogen provides a huge opportunity for the transportation sector, amongst other, but one of the biggest challenges to overcome is to make it commercially viable, he added.

BP extends digital collaboration with Petrofac
May 14, 2020

BP extends digital collaboration with Petrofac

BP has extended Petrofac’s inspection and maintenance contract for its North Sea facilities for a further three years. The award is in addition to a new four-year metering contract that covers offshore and onshore consulting and support. Last year the two parties collaborated to demonstrate new execution techniques. Petrofac combined the use of Digital Twin technology, Connected Worker and its proprietary software BuildME to digitalize all campaign maintenance and inspection.

Neptune Energy carries out "world's first" dual drilling subsea operation
May 14, 2020
Source: World Oil

Neptune Energy carries out "world's first" dual drilling subsea operation

Neptune Energy has conducted what is reportedly the “world’s first” dual drilling operation from an integrated subsea template structure at the Fenja field in the Norwegian North Sea. Neptune teams maximized the full capabilities of Seadrill’s West Phoenix drilling rig to drill two wellbores at the same time. This is a monumental step and can be adopted as a standard practice in the future.

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