Service Companies & Manufactures

Pason Systems Inc. is pleased to announce that it has entered into an agreement to invest C$25 million to acquire a minority interest in Intelligent Wellhead Systems Inc.  IWS is a privately-owned oil and gas technology and service company that provides proprietary and unique surface control systems for various markets globally, including …

McCoy Global Inc. today announces acquisition of DrawWorks LP. The acquisition represents an important step for McCoy to advance its strategic technology initiative and provide cutting-edge technical solutions to customers. Based in Boling, Texas, DrawWorks designs, tests and develops new tubular running technologies for tubing, casing and drill pipes. DrawWorks has …

Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV.  This contract will make Equinor the first user of technology expected to be completed in 2020.  “This is a historic contract in the oil and gas industry. …

Rockwell Automation and Schlumberger today announced the closing of their previously-announced joint venture, Sensia, the oil and gas industry’s first digitally enabled, integrated automation solutions provider. The joint venture leverages Schlumberger’s deep oil and gas domain knowledge and Rockwell Automation’s rich automation and information expertise to address this fast-growing market. …

​Bentec, one of the world’s leading manufacturers of drilling rigs and oilfield equipment, today announces that it has signed a multi-million euro contract with the drilling division of INK-Service Group (“INK”) for the manufacture of seven latest generation 320t cluster slider rigs. INK is the oilfield service unit of Russia’s …

NeoSteer at-bit steerable system design integrates a unique cutting structure and steering mechanisms Schlumberger introduced today the NeoSteer* at-bit steerable system (ABSS) at Society of Petroleum Engineers Annual Technical Conference and Exhibition (SPE ATCE). The NeoSteer ABSSs improve horizontal well drilling performance by providing high-dogleg capability and increased rate of …

Smith Bits, a Schlumberger company, today introduced Aegis* armor cladding that significantly improves bit body design flexibility and erosion resistance, increasing rate of penetration (ROP) and bit durability for longer runs. Composed of a proprietary tungsten carbide material, Aegis cladding increases bit erosion resistance by 400% and strength by 40% …

Halliburton Company today released QuickPulse™ Automated Directional Gamma Service, a new measurement while drilling (MWD) technology, that provides quick and reliable downhole information at extended depths to deliver wells faster. This capability helps operators drill longer laterals, make improved geosteering decisions and reduce well time to maximize their asset value. …

Schlumberger announced today the integration of industry-leading TIBCO Spotfire® and TIBCO® Data Virtualization technologies into the DELFI* cognitive E&P environment. The collaboration will augment Schlumberger domain science applications with new analytics capabilities, significantly expanding DELFI environment user access to intuitive data virtualization tools and analytical workflows. Schlumberger and TIBCO will leverage both …

TechnipFMC and DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology for qualifying the integrity of digital twin technology. The methodology aims to bring a level playing field to the sector’s varying technical definitions of, and expectations towards digital twins. It will set …