fetching latest news
News tagged in:
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.
Restrata Platform is a system for real-time monitoring of people and assets. Serica Energy has signed a deal to adopt this platform for Bruce asset in the UK Northern North Sea. CEO of the company said, “Our team will work with Restrata to commence the roll out of the technology and integrate our operating procedures, specific to Bruce".
A new single-trip openhole and sidetrack system has been launched by Weatherford. The system can initiate sidetrack operations without a cement plug. AlphaST will enhance operator flexibility, eliminate multiple trips, and avoid costly cementing operations. Weatherford's President said, "AlphaST enables operators to avoid the cost and time of setting a cement plug; waiting on cement to dry and time drilling".
Emerson has purchased Zedi's software and automation businesses. Both companies' software businesses aim at enhancing production efficiency by automating the process through edge and cloud analytics and machine learning. Emerson's Executive President said, "As world energy demand continues to grow, helping our vital oil and gas market customers maximize their resources is a top priority".
Neptune Energy has been chosen to assist in creating the first offshore hydrogen plant in the Dutch North Sea. The pilot project will aim at generating hydrogen through a megawatt electrolyser, to be installed at Neptune’s Q13a platform. The hydrogen formed will then be used to generate electricity to power the nearby Taqa-operated platform. The Q13a is the first platform in the Dutch North Sea to become fully electrified.
A major drilling operator has reportedly saved C$130k and avoided multiple trips per section by using CougarTM Mechanical Thruster in a production field of Alberta. The operator was drilling a 311 intermediate hole, and was forced to spend an average time of two days per section. Designed and manufactured by Canada's leading drilling solutions provider, Cougar Drilling Solutions, the Mechanical Thruster reduces the severity of shock and vibration downhole.
With an aim to improve non-destructive testing (NDT) and inspection management, Oceaneering International has launched the Inform Inspect digital asset inspection system. It is a tablet-based technology which is designed to deliver seamless, end-to-end inspection – from planning to review. It will be a great asset for technicians, supervisors and managers. The data captured by the system is directly stored into a cloud-based system and is instantly available for analysis.
BHGE has unveiled its £31 million subsea centre of excellence in Montrose. This facility will deliver engineering, manufacturing, testing, assembly and services for deepwater technology. This project was supported by the Scottish Government who funded it with £4.9m through Scottish Enterprise. CEO of BHGE's Oilfield Equipment said, "Our industry is transforming and sites like this will enable us to continue to invent and produce these technologies at an accelerated pace".
The new supercomputer of Total is said to enhance efficiency, enable its geologists to find oil faster, cheaper and with a better success rate. Total informed, "The Pangea III computer build by IBM will help process complex seismic data in the search for hydrocarbons 10 times faster that before". This computer has secured top rank among supercomputers in the oil and gas sector, according to TOP500 table.
Subsea engineering expert, Oceaneering International, has bagged a deepwater AUV survey contract in the Gulf of Mexico, which will also be the first ever deepwater survey by an AUV. The contract pertains to BHP’s Trion development, for which Oceaneering will deploy the DP-2 Ocean Investigator, equipped with its OS-VI AUV and light geotechnical capabilities.
The industry's major service provider, Schlumberger has introduced a revolutionary advancement at the 81st EAGE Conference & Exhibition. GAIA digital exploration platform is the recent development at the company which will allow exploration teams quick discovery and access to basin-scale data. Maurice Nessim said, “We developed the GAIA platform to accelerate our clients’ data discovery, screening and ranking of their exploration opportunities".