Emerson Launches Enhancements to Reservoir Engineering Software Suite
Roxar Tempest™ 7.1 comes with improved uncertainty management & reservoir prediction capabilities leading to better economic and field development decision-making Emerson Process Management has launched Roxar Tempest™ 7.1, the latest version of its integrated reservoir engineering software suite. The new software comes with major enhancements to its uncertainty management and …
National Oilwell Varco Announces $3 Billion Share Repurchase Plan
National Oilwell Varco, Inc. announced today that its Board of Directors has authorized a share repurchase program to purchase up to $3 billion of the company’s outstanding common stock. Clay C. Williams, National Oilwell Varco’s Chairman, President and CEO, commented: “This authorization comes after several months of careful consideration and …
Investment Rises in Attractive Kazakhstan Upstream Market
RPI, a leading provider of research on the energy sector of Russia, the Caspian region, Central and Eastern Europe, would like to bring to your attention “Kazakhstan’s Oilfield Service Market: Rise in Investment Attractiveness Amid New Realities” research study. Despite the geopolitical tensions and Western sanctions against Russia, Kazakhstan continues …
Schlumberger: Launches Petrel, Techlog, Studio and Ocean 2014 Software Platforms
Schlumberger has announced the release of the 2014 versions of its industry leading software platforms. The Petrel* E&P software platform, Techlog* wellbore software platform, Studio* E&P knowledge environment and Ocean* software development framework enhance multidisciplinary integration, collaboration and productivity. “E&P investment decisions are increasingly driven by digital models that enable …
Aker Solutions Starts Trading on Oslo Exchange After Company Split
Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance, Modifications and Operations (MMO) businesses of the …
Weatherford Awarded Statoil Tubular Running Services Contract
Weatherford International plc announced today it has been awarded an exclusive contract with Statoil Petroleum AS valued at $400 million for the delivery of Tubular Running Services on 19 drilling units in Statoil’s portfolio. This contract has a base period of six years with the option of two consecutive two-year …
Hardbanding Solutions: Duraband NC Comes to Russia
Hardbanding Solutions are delighted to announce the world’s most trusted Hardbanding material, Duraband NC, is now stocked in Russia for immediate delivery to all of their applicators. This means that the growing list of companies licensed to apply Duraband NC can respond to a requirement for quality, casing friendly and …
Hardbanding Solutions: Quality and Cost Considerations For Applying Hardbanding On New Drill Pipe Vs Re-Application
Hardbanding drill pipe with trusted hardbands, such as Duraband® NC or Tuffband® NC from Hardbanding Solutions by Postle, has been shown to decrease drilling costs and downtime while increasing profitability and productivity. But is there a difference between hardband applications on new drill pipe and reapplication over existing hardbanding? Whenever …