Welltec: Launches New Well Tractor
Welltec® has launched a fully revised and transformed design of the pioneering Well Tractor® conveyance solution: Well Tractor® 212 CVT, equipped with Continuous Variable Tractoring technology. The new CVT system automatically maximizes speed and power at all times, optimizing every conveyance run, making operations faster and more efficient than ever …
Halliburton: Launches DS365.ai to Enhance Operational Productivity and Efficiency
Halliburton Company released DS365.ai cloud service to help customers accelerate their digital transformation with intelligent automation. DS365.ai delivers industry specific artificial intelligence (AI) and machine learning (ML) models to enhance productivity, operational efficiency, and increase asset value. DS365.ai runs on the OSDU™ Data Platform and uses the interoperable and scalable …
Hardbanding Solutions: Announces Updated Hardbanding Gauge
The Postle Hardbanding Gauge is a patented tool designed to assist in hardbanding and drill pipe inspection operations. It allows the hardbander, or inspector to quickly look at hardbanding to determine if re-application should be considered. It is also used to inspect new hardbands to determine if the bands were …
CGG: Announces its Q3 2021 Results
CGG, a world leader in Geoscience, announced today its third quarter 2021 non-audited results. Commenting on these results, Sophie Zurquiyah, CGG CEO, said: “I am encouraged by our Q3 results and more importantly by the signs of the gradually increasing demand for our core businesses, supported by the strengthening macro-environment. …
GHGSat: Sustainable Development Technology Canada (SDTC) Announces $20 Million Investment to Advance the World’s only High-Resolution, Satellite-Based Greenhouse Gas Detection System
GHGSat, the world leader in high-resolution remote sensing of greenhouse gas emissions, announced today that it will receive CA$20 million from Sustainable Development Technology Canada (SDTC) to further advance the world’s only satellite-based high-resolution greenhouse gas monitoring system. This funding announcement is directly aligned with the Government of Canada’s and SDTC’s goal …
TMK: Joins the Ranks of Russian Leaders in Combating Corruption
The anti-corruption protection system of the Pipe Metallurgical Company (TMK) was highly rated in the Anti-Corruption Rating of Russian Business – 2021, compiled by the Russian Union of Industrialists and Entrepreneurs (RSPP), and TMK’s Anti-Corruption Hotline was included in the top 15 of such practices in Russian companies according to …
Dmitri Soshin, Safar Oilfield Supplies’ Regional Director for the Russian Federation, Recently Completed his Arnco Hardbanding Certification
As an Arnco-certified Operator Trainer, he is approved to certify welding operators to apply Arnco 100XT, 150XT, 300XT, 350XT, and 400XT hardbanding products in accordance with the Arnco welding specification. To help ensure that your drill pipes are protected, make sure you’re applying Arnco hardbanding and are working with certified …
Weatherford: Announces Third Quarter 2021 Results
Weatherford International plc announced today its results for the third quarter of 2021. Third quarter 2021 revenues were $945 million, an increase of 5% sequentially and 17% year-on-year. Third quarter 2021 operating income was $71 million compared to operating income of $25 million in the second quarter of 2021 and an operating loss of $60 million in the third …
Vertice Oil Tools Expands its Leading-Edge Completions Portfolio with Acquisition of Gryphon Oilfield Solutions’ Assets
Vertice Oil Tools Inc., a leading provider of downhole completions technology, has acquired substantially all the completions assets of Gryphon Oilfield Solutions, LLC (“Gryphon”). This acquisition expands Vertice’s geographic footprint and enhances Vertice’s ability to provide its customers with innovative completions solutions. Mohamed Saraya, CEO of Vertice, commented, “We are …
CannSeal Unlocks a Reduction in Gas Production from a Lower Reservoir Section in a Gravel Packed Completion
In an industry first, CannSeal effectively reduced gas production from a lower zone, placing an annular plug to seal off the 20/40 gravel packed annulus and work in combination with a choke CannSeal’s ZonalSeal technology allowed for pin-point accuracy with the placement of the annular plug while installing a gravel …