Baker Hughes Expands Line of Advanced Metal Milling Structures
New Shapes Offer Improved Performance during Wellbore Intervention Baker Hughes recently introduced METAL MUNCHER™ AMT (advanced milling technology) cutters to achieve greater efficiency and longer runs with cutting and milling systems used for casing exits and wellbore intervention. Clean and efficient milling operations help operators reduce risks and prevent nonproductive …
GE Deepwater BOP Blind Shear Rams with Advanced Capabilities
New Technology Can Cut and Seal with up to 1.9 Million Pounds of Force Patent-Pending Technology Can Centralize and Shear Offset Pipe Latest Example of GE Innovation for the Deepwater Sector GE Oil & Gas (NYSE: GE) is introducing its next-generation technology for shearing and sealing wellbore tubulars at the …
TNK-BP to equip 35 percent of producers at Varyoganneftegaz with new generation tubing
According to TNK-BP, Varyoganneftegaz (a TNK-BP company) expects to have up to 35 percent of producers equipped with new generation tubing by the end of 2013 to increase production efficiency. New generation tubing and state-of-the art technologies for protecting tubes with a special type coating will help materially increase meantime …
Baker Hughes Introduces Rigless Intervention System
Baker Hughes’ new mechanized, self-pinning rigless intervention system, Mastiff™, provides operators an alternative method for carrying out pipe installation and retrieval operations, which typically require a costly offshore rig. By eliminating the need for a rig, the Mastiff Rigless Intervention System (RIS) can reduce the cost of abandonment, workover and …
Rosneft Net Profit Up 55.6% in Q1 2012
Q1 2012 sales revenue was RUB 748 billion, matching the level in Q4 2011. This represents a 27% increase on Q1 2011. Revenue was up thanks to higher oil and petroleum product prices and increased oil production and refining volumes. Financial and Operating Highlights: Net profit grew 55.6% on Q4 …
Proserv Unveils Innovative Well Abandonment Tool
Proserv, a global leader in energy production technology services, has unveiled a next generation subsea cutting tool that provides complete well severance and significantly reduces in-well operational time by up to 50%. Proserv’s enhanced Multi-String Cutting (MSC) tool, which was launched today at theOffshore TechnologyConference inHouston, is a customisable internal …
Stork Technical Services targets global growth with senior appointments
Stork Technical Services, the leading global provider of knowledge-based asset integrity management services for the oil and gas, chemical and power sectors, has strengthened its senior management team with two key appointments. Dave Workman has been appointed to the new position of Chief Operating Officer (COO) and Erik-Jan Bijvank as …
GE and DYNAenergetics Sign Global Free Point and Wireline Equipment Distribution Agreement
GE Oil & Gas and DYNAenergetics GmbH & Co KG of Troisdorf, Germany today announced they have signed an agreement to have DYNAenergetics, a leading provider of perforation products, be a global distributor of GE’s portfolio of free point equipment and wireline accessories. As a result of the new agreement, DYNAenergetics will be …
International Petroleum: Quarterly Review
International Petroleum Limited, an oil and gas exploration company with assets in Russia and Kazakhstan, is pleased to present its quarterly activities report for the quarter ended 31 March 2012. HIGHLIGHTS US$13.034 million cash at bank at 31 March 2012. Completed the acquisition of 100% of the shares in Vamaro Investments …
Baker Hughes Releases JewelSuite 2012 Reservoir Modeling Software
Baker Hughes announces the release of JewelSuite™ 2012, the latest version of the global oilfield service company’s reservoir modeling software that makes it simple for operators to evaluate potential sweet spots and analyze thousands of wells. JewelSuite 2012 reservoir modeling software now offers enhanced functionality with a complete workflow for …