Interwell: Acquires CannSeal AS
Interwell AS has acquired 100% of the shares in CannSeal AS. Interwell is a leading provider of wellbore technology with products qualified to the highest standards for well barrier and well integrity needs for the oil & gas industry. Interwell is a global provider of plugs, packers, and straddle solutions …
Weatherford: Announces Third Quarter 2020 Results
Weatherford International plc announced today its results for the third quarter of 2020. Revenues for the third quarter of 2020 were $807 million, a decline of 2% sequentially and 39% year-on-year. Reported operating loss was $60 million in the third quarter of 2020, compared to an operating loss of $497 million in the second quarter …
Baker Hughes Signs Agreement to Acquire Compact Carbon Capture Technology to Advance Industrial Decarbonization
Baker Hughes announced today it is acquiring Compact Carbon Capture (3C), a pioneering technology development company specializing in carbon capture solutions. The acquisition underpins Baker Hughes’ strategic commitment to lead in the energy transition by providing decarbonization solutions for carbon-intensive industries, including oil and gas and broader industrial operations. The …
TMK: Automates Business Tasks with RPA Solutions
TMK is implementing robotic process automation (RPA) in its business processes to handle market research, HR and administration. A pilot RPA project run at TMK’s Marketing Directorate has sped up execution fivefold in some areas. An RPA marketing solution was developed together with MMK-Informservice’s RPA and Innovation Center of Excellence (part of MMK Group). …
Latest News from Drillmec Times No. 9
Launching the New ARS-225 Mobile Rig for Drilling And Workover Operations in Extreme Conditions The new mobile rig ARS-225 has been designed to perform drilling and workover operations in arctic conditions down to -45 °C and up to +45 °C. With a nominal hook load capacity of 225 metric tons …
Wood Extends Training Contract with 3t Energy Group by Three Years
Global engineering and consultancy company, Wood, has renewed its training management service (TMS) contract with 3t Energy Group for a further three years, until 2023. 3t Energy Group, which includes AIS Training, Survivex, Drilling Systems, and Transform, has been contracted to deliver support for Wood’s onshore and site-based training and …
DNV GL: Jon Fredrik Baksaas appointed Chair of the Board
Jon Fredrik Baksaas, the former CEO of Telenor, has been appointed as DNV GL’s new Chair of the board. Although best known for his thirteen-year tenure as CEO and President of the telecoms firm, Mr Baksaas started his career with DNV (as it was then known) and spent six years …
Schlumberger: Launches StrataBlade Concave Diamond Element Bit
Drill bit with unique concave-shaped cutting elements reduces drilling costs, improves overall drilling performance Smith Bits, a Schlumberger company, introduced today the StrataBlade* concave diamond element bit that improves the rate of penetration (ROP) in a wide range of rock types, while withstanding impact damage often associated with drilling interbedded …
Schlumberger: Launches TruLink a Definitive Dynamic Survey-While-Drilling Service
TruLink service provides high-definition wellbore architecture surveys to enhance end-to-end well construction operations Schlumberger today introduced the TruLink* definitive dynamic survey-while-drilling service. The new service helps operators to enhance end-to-end well construction operations and reduce overall drilling costs by performing definitive dynamic surveys while drilling on bottom that are used …
TMK: Premium Pipes First Run Into a Well at the Sakhalin-1 Project
A casing string made up of premium threaded connection pipes manufactured by TMK was successfully lowered into a well from the Berkut offshore ice resistant stationary platform at the Sakhalin-1 project’s Arkutun-Dagi field. The 168.28 mm pipes were manufactured at the Orsky Machine Building Plant, owned by TMK, using an integrated 3-tier quality …