DNV GL Unveils Concept for Live Asset Risk Assessment Using Digital Twins
DNV GL proposes the “Probabilistic Digital Twin” (PDT) to close the gap between digital twins – used increasingly by operators to manage the performance of their assets – and risk analysis still largely conducted manually before assets enter service. A digital twin is a digital “mirror” of a physical asset, …
Schlumberger Introduces High-Definition Dual-Imaging-While-Drilling Service for Oil-Based Mud
Schlumberger today introduced the TerraSphere* high-definition dual-imaging-while-drilling service at SPE Offshore Europe Conference and Exhibition. The new service provides the industry’s first application of a logging-while-drilling dual-physics imager for oil-based mud for drilling oil and gas wells. It incorporates electromagnetic (EM) and ultrasonic measurements that enable multiple high-resolution borehole images …
Halliburton Introduces Commander Full Bore Cement Head
•Provides the ability to cost-effectively rotate pipe during land-based cementing operations • Wireless capabilities reduce risk to rig personnel and help improve efficiency Halliburton Company unveiled the CommanderTM Full Bore Cement Head, a product that enables rotation and reciprocation of 4 ½ – 6 inch production strings to help …
Weatherford to Exhibit Drilling, Well Construction, Completion and Production Innovations at SPE Offshore Europe 2019
Weatherford International plc today announced it will showcase its life-of-well innovations at Offshore Europe 2019, Booth 3E 30, Aberdeen, Scotland from September 3-6. Offshore Europe 2019 will serve as a platform to demonstrate each of the Company’s core business segments, including Drilling, Well Construction, Completions and Production. These four areas …
Introducing Enhanced Measurement Accuracy with new ProMAC™ Series Tools from Probe
Probe Multi-arm Calipers Deliver Advanced Measurement Quality and Reliability Probe, a leading supplier of cased-hole logging and advanced monitoring technology to the global oil and gas and geothermal industries, today announced the launch of the ProMAC™, a new series of multi-arm caliper tools. Designed to increase measurement accuracy, reliability and maintainability, …
OPEC Daily Basket Price Stood at $60.16 a Barrel Wednesday, 28 August 2019
Vienna, Austria, 29 August 2019–The price of OPEC basket of fourteen crudes stood at $60.16 a barrel on Wednesday, compared with $58.98 the previous day, according to OPEC Secretariat calculations. (View Archives). The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), …
Halliburton Landmark: Introduces DecisionSpace® 365 Cloud Applications
Technologies reduce reservoir uncertainty, drive accurate well placement, improve production and reduce cost Halliburton Company today released ten new DecisionSpace® 365 E&P cloud-native applications that leverage advances in digital technology to help operators reduce exploration risk, improve reservoir characterization and boost drilling efficiency. DecisionSpace® 365 is an integrated experience of E&P Cloud …
TechnipFMC: To Split Onshore and Offshore Business into RemainCo and SpinCo
TechnipFMC today announced its Board of Directors has unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development; and SpinCo, a leading engineering and construction (E&C) player, poised to capitalize on the global energy transition. …
Pre-P&A with Interwell’s Intelligent Barrier Valve
Challenge Having been drilled and completed in April 1997, with 5,5” 23 lbf/ft production tubing, the well was ready for P&A after producing hydrocarbons for almost 22 years. To improve cost efficiency, the aim was to do the job off-line. The requirement was to set a deep plug, cut deep, …
Schlumberger Open Sources Data Ecosystem and Contributes to The Open Group Open Subsurface Data Universe Forum
Schlumberger announced today that it will open source its data ecosystem and contribute to The Open Group Open Subsurface Data Universe™ (OSDU) Forum to accelerate the delivery of the OSDU Data Platform. Schlumberger’s data ecosystem is based on core components of the DELFI* cognitive E&P environment. Oil and gas companies …