DNV and Equinor Partner to Develop Software for Safe Carbon Capture and Storage
The transition to a low-carbon society is reliant upon bringing in new and growing technologies, such as carbon capture and storage (CCS) technology to reduce the CO2 emissions to atmosphere, and Norway’s Equinor is a leader in this area. There is a need for reliable consequence models for safety assessments, …
Halliburton Introduces iCruise X™ Intelligent Rotary Steerable Service
Delivers precise well placement and reduced well time in harsh drilling environments and extended wells Halliburton Company today released iCruise X™ Intelligent Rotary Steerable System, the next generation of the drilling platform targeted to longer, harsher applications to deliver precise well placement and reduced well time. Halliburton built the tool …
Parker Wellbore, a Global Wellbore Construction Expert, Announces a Strategic Partnership with Helmerich & Payne (H&P) and Acquires all of H&P’s Casing Running Assets
Parker Wellbore and Helmerich & Payne have entered into a Strategic Partnership agreement. This partnership aligns with both companies’ strategic plans in the U.S. land tubular and casing running services (TRS) market. The agreement with H&P, the largest U.S. drilling solution provider, accelerates Parker Wellbore’s TRS growth strategy in the …
Rystad Energy: Oil Prices Recover as Rest of 2021 Remains Bullish / Nord Stream 2 Developments
In a tight supply environment oil prices can’t fall forever. Even though traders trimmed a few dollars last week and started Monday with caution, the short-term trajectory is still bullish for oil. Supply will grow more to meet demand as current prices provide the perfect environment for producers to increase …
Weatherford Awarded Over $1 Billion in Downhole Completion and Liner Hanger Contracts by Abu Dhabi National Oil Company
Weatherford International plc today announced that it was awarded two five-year contracts with Abu Dhabi National Oil Company with a combined value of more than USD 1 billion for downhole completions equipment and liner hanger systems. Girish Saligram, President and Chief Executive Officer, commented, “These drilling-related awards demonstrate our differentiated …
Rolls-Royce And SDCL Join Forces to Accelerate the Take-Up of Sustainable Power with Launch of ‘Energy-as-a-Service’
Rolls-Royce has agreed to a cooperation with the global investment firm Sustainable Development Capital LLP (SDCL) to jointly offer ‘Energy-as-a-Service’ solutions that can help accelerate the take-up of more sustainable power. The agreement, signed at the World Climate Conference (COP26) in Glasgow on 11 November, allows Rolls-Royce to provide customers …
Rystad Energy: Oil Continues to Fall as Market Reassesses Supply Tightness and Prices in Covid-19’s Resurgence
The carnage on oil prices has spilled into this week as the market now seems to be less concerned about the current supply tightness, expecting it to be short-lived. Traders are instead refocusing on the return of two bearish factors – the possibility of more oil supply sources and more …
Hellenic University Invests in First State-of-the-Art Simulator Training Facility for Greece
Greece’s leading academic institution, International Hellenic University, is investing more than one million euros in a new state-of-the-art simulator training facility to support the oil and gas industry. The facility, which is the first of its kind across Greece, includes the latest simulator technology by advanced simulator developer, Drilling Systems, …
TMK to Discuss Expanding its Presence in the Middle East Market at ADIPEC in Abu Dhabi
Pipe Metallurgical Company (TMK) takes part in the international oil and gas exhibition and conference ADIPEC (Abu Dhabi International Petroleum Exhibition & Conference), which takes place from 15 to 18 November in the capital of the United Arab Emirates (UAE) Abu Dhabi. At the forum, the company will present its high-tech …
Prysmian Group: Ranks First in the Dow Jones Sustainability World Index
Prysmian Group, world leader in the energy and telecom cables systems industry, ranks first with 87 points in the ELQ Electrical Components & Equipments on the Dow Jones Sustainability World index, according to the result of the 2021 annual review conducted by S&P Global CSA. Prysmian is the only pure …