Saipem: Wins $145m Contract in Azerbaijan
Saipem, in consortium with Boshelf LLC and STAR GULF FZCO, has recently been awarded three new contracts by BP for the development of the Azeri-Chirag-Gunashli oil and gas (ACG) field offshore Azerbaijan. Saipem has been a key contractor in this field since the 1990s. Located in the Caspian Sea at …
Hardbanding Solutions: Skye Units Protecting Drill Pipe Across 4 Continents
At Hardbanding Solutions we just love it when customers contact us to say what they think of their new purchase. We began developing Skye Hardbanding Equipment in 2014, and this year we’ve become a truly global supplier. We now have units operating in North and South America, as well as …
Intelligent Wellhead Systems: Recieves C$35m of Investment from Pason Systems and Werklund Growth Fund
Pason Systems Inc. is pleased to announce that it has entered into an agreement to invest C$25 million to acquire a minority interest in Intelligent Wellhead Systems Inc. IWS is a privately-owned oil and gas technology and service company that provides proprietary and unique surface control systems for various markets globally, including …
McCoy Global Inc. Announced Acquisition of DrawWorks LP
McCoy Global Inc. today announces acquisition of DrawWorks LP. The acquisition represents an important step for McCoy to advance its strategic technology initiative and provide cutting-edge technical solutions to customers. Based in Boling, Texas, DrawWorks designs, tests and develops new tubular running technologies for tubing, casing and drill pipes. DrawWorks has …
Equinor Awarding Pioneering Wireless Subsea Drone Contract
Equinor, on behalf of the Njord licence, has awarded Saipem a subsea service contract using a wireless underwater intervention drone and an ROV. This contract will make Equinor the first user of technology expected to be completed in 2020. “This is a historic contract in the oil and gas industry. …
Rockwell Automation and Schlumberger Announce Closing of Sensia Joint Venture
Rockwell Automation and Schlumberger today announced the closing of their previously-announced joint venture, Sensia, the oil and gas industry’s first digitally enabled, integrated automation solutions provider. The joint venture leverages Schlumberger’s deep oil and gas domain knowledge and Rockwell Automation’s rich automation and information expertise to address this fast-growing market. …
Bentec, Wins Multi-Million Euro Contract for Seven 320t Cluster Slider Drilling Rigs
Bentec, one of the world’s leading manufacturers of drilling rigs and oilfield equipment, today announces that it has signed a multi-million euro contract with the drilling division of INK-Service Group (“INK”) for the manufacture of seven latest generation 320t cluster slider rigs. INK is the oilfield service unit of Russia’s …
Schlumberger: Launches NeoSteer, an At-Bit Steerable System for Horizontal Wells
NeoSteer at-bit steerable system design integrates a unique cutting structure and steering mechanisms Schlumberger introduced today the NeoSteer* at-bit steerable system (ABSS) at Society of Petroleum Engineers Annual Technical Conference and Exhibition (SPE ATCE). The NeoSteer ABSSs improve horizontal well drilling performance by providing high-dogleg capability and increased rate of …
Schlumberger Introduces Armor Cladding Alloy for Drill Bits
Smith Bits, a Schlumberger company, today introduced Aegis* armor cladding that significantly improves bit body design flexibility and erosion resistance, increasing rate of penetration (ROP) and bit durability for longer runs. Composed of a proprietary tungsten carbide material, Aegis cladding increases bit erosion resistance by 400% and strength by 40% …
Halliburton Introduces Automated Drilling Telemetry Service
Halliburton Company today released QuickPulse™ Automated Directional Gamma Service, a new measurement while drilling (MWD) technology, that provides quick and reliable downhole information at extended depths to deliver wells faster. This capability helps operators drill longer laterals, make improved geosteering decisions and reduce well time to maximize their asset value. …