Service Companies & Manufactures

CASE OVERVIEW A drilling company operating in mature brownfields, with a well-defined subsurface play model and extensive knowledge of the Volga-Ural region geology, adopted the digital ECO System to optimize production wells construction time. ECO implementation included the deployment of the cloud component, setting up ECO gateway at the rig, …

Dr. Khaydar Valiullin, WellsX LLC Digital Drilling: Thoughts and Expectations Today, the entire world is excited by the expectations of the current and future benefits that the digital age will bring to all of us. Phrases such as “digital drilling”, “digitalization”, “machine learning”, “digital twin” became a common air buzz …

As the world moves towards the digitalization of oil and gas operations, we speak to Kamil Zakirov, CEO at ECO System. In this interview, we discuss the “digital” development of the Russian upstream O&G sector and learn about at the ECO digital platform – a complete digital solution for drilling …

CASE OVERVIEW An E&P company drills wildcat wells in poorly explored and hard to access locations in Eastern Siberia. Exploration campaign success has been compromised by substantially greater expenses than foreseen. These high uncertainties were associated with a lack of reliable and effective tools for remote operations control and contractor …

Aker Solutions has appointed Kari Ertresvåg as senior vice president for communications. The company is growing rapidly within low-carbon solutions for oil and gas production and renewable energy. Ertresvåg brings with her extensive experience and will be central in communicating the business opportunities in the energy transformation to stakeholders globally. …

Oil prices have found something of an equilibrium today as Omicron-related concerns wane and the hopes of a robust economic recovery grow, but inflation and inventory levels are keeping prices in check. Although uncertainty remains, Omicron concerns continue to wane, and many market watchers are betting that the end of …

Leading international oilfield services company Parker Wellbore today launched its six-point plan to ensure the organization plays a leading role in tackling climate change challenges for its customers. The program for success is outlined in the company’s inaugural Environmental Social Governance (ESG) report, which addresses the organization’s commitment to key environmental, social, …

Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by the Omicron variant. An analysis by Rystad Energy projects overall oil and gas investments will rise 4% to $628 billion …

After two days of declines, oil prices are rising today, buoyed by positive demand signals for 2022 and an expectation of global supply tightness. The global demand outlook for 2022 is solid, as many countries keep their borders open and avoid implementing the strict lockdowns imposed during previous Covid-19 waves …

TMK held a meeting with Gazpromneft-Development and Gazpromneft-Snabzhenie to discuss cooperation on ESG (environmental, social and governance) matters. At the meeting, the parties agreed to actively promote responsible sourcing practices and develop ESG guidelines for suppliers. In the long term, they will adopt a strategy for developing market suppliers that …