Service Companies & Manufactures

GeoSoftware, part of CGG’s Geoscience division, has announced that machine learning technology in Python ecosystems will be available in upcoming releases of its flagship HampsonRussell and Jason reservoir characterization solutions. Already attracting considerable industry interest in GeoSoftware’s PowerLog petrophysical software, Python ecosystems in HampsonRussell and Jason will let experts and …

Weatherford International plc, one of the largest multinational oilfield service companies, has announced the signing of a five-year Corporate Procurement Agreement with Saudi Aramco to deliver cementation, completions, liners, solid expandables and casing exit technologies. The agreement establishes a foundation for future collaboration between Weatherford and Saudi Aramco, built on …

Empowering geoscientists with the latest machine learning toolkit and innovative software on the Azure Cloud Machine learning continues to make the headlines at industry events this year with dedicated workshops and technical sessions. While machine learning offers opportunities to potentially revolutionise geoscience workflows, not everyone is an expert practitioner capable …

Improved well construction costs with better performing wells is today’s industry mandate. This requires drilling optimization and automation, which rely on ever larger amounts of solid data, and their bi-directional exchange between the surface and downhole tools. All this needs to happen in real time, while drilling and in a …

At Bentec, we are proud to be one of the world’s leading manufacturers of drilling rigs. Alongside our high quality rigs, our portfolio includes excellent mechanical and electrical equipment and systems. Now we have brought our years of experience and expertise to bear in IOS – Integrity & Optimization Systems …

Baker Hughes, a GE company (NYSE: BHGE or the “Company”) announced today the closing of a secondary offering (the “offering”) of 132.25 million shares of BHGE Class A common stock, par value $0.0001 per share (the “Class A common stock”) by General Electric Company (“GE”) and GE Oil & Gas …

Baker Hughes GE (NYSE:BHGE) will soon shed references to GE in its corporate name and stock ticker, saying it plans to become Baker Hughes Co. with a BKR symbol, as General Electric (NYSE:GE) says it closed the sale of its interests in the company. GE amassed ~$3B in net proceeds from its secondary offering of …

Global organizations will work together to accelerate development of cloud-native solutions and deliver actionable data insights for the industry MONACO, September 17, 2019—Tuesday at the SIS Global Forum 2019, Schlumberger, Chevron and Microsoft announced the industry’s first three-party collaboration to accelerate creation of innovative petrotechnical and digital technologies. Data is …

Amended Plan of Reorganization Contemplates the Reduction of Approximately $5.85 Billion in Debt Weatherford International Ltd., and Weatherford International, LLC announced today that the United States Bankruptcy Court for the Southern District of Texas issued an order confirming Weatherford’s Second Amended Joint Prepackaged Plan of Reorganization (the “Plan”) of Weatherford International plc and its Affiliate …

Deployment of the Petrotechnical Suite in the DELFI environment on Microsoft Azure, and DrillPlan on Azure Stack, marks significant progress in extending cloud solutions to the E&P market Schlumberger announced today that its technology partnership with Microsoft to develop cloud-native solutions on Microsoft Azure and Azure Stack has been strengthened …