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Some oil and gas companies are turning to processes that search data and detect patterns to ultimately predict the likelihood of equipment failures and other challenges.
Kirby Corp. sees the purchase as an opportunity to buy into the oilfield services recovery.
Paradigm 17 offers an embedded rock type classification workflow in its integrated interpretation canvas
Big Data can be used to power predictive analysis and lower well costs.
Protecting valuable data assets begins with knowing the ownership rights.
Proppant tracking, flowback prevention and nanoparticles are among the areas of focus, according to a study released by Deloitte.
Recent trends and new technology indicate operators and service companies are thinking outside of the box and experimenting with different methods and techniques to grow production.
Better insight, including on calcite and ash bed layers, could lead to better frack designs, greater stimulation and ultimately, more production.
The technology uses an industry standard downhole data logger to collect data from which measurements are made and fracture locations pinpointed.
The company plans to produce a new hydraulic fracturing system and a ‘land drilling system of the future.’
Maersk Drilling has been awarded a one-well contract offshore the U.K. in the North Sea for the high-efficiency jackup, Maersk Resolve, by Wintershall Noordzee B.V.
NOC said the arrangement would allow an immediate resumption of production at Wintershall's concession areas in eastern Libya, as well as connected fields where production has been blocked.
Working with Saipem, UTEC will perform surface positioning onboard the Saipem-operated Bautino and Castoro 10 barges and associated anchor-handling vehicles. The company said it will also provide trenching support, including trench monitoring services and as-trenched surveys utilizing its Teledyne Gavia AUVs.
The 10-year agreement builds on a three-year EPCM support contract delivery program that Petrofac undertook on behalf of PDO.
Saipem received other offshore drilling contracts for work in the Mediterranean and the Black Sea, the press release said. The total value of these new contracts is $230 million.
Experts share their insight on Big Data applications and their use in the oil and gas industry.
Whether it’s intelligent sensors or augmented reality, operations continue to get smarter.
Cognitive predictive maintenance is a way to leverage real-time data to take a smarter, safer approach to service and repairs.
The oil and gas industry harnesses the power of data analytics today to build better wells for tomorrow.
Paradigm and Flotek subsurface AI systems help improve reservoir models.
The new agreement enhances policies and procedures established through the Global Industry Response Group and adopted by the Subsea Well Response Project consortium, the press release said.
Halliburton said it collaborated with customers to design the Dash Large Bore, which can isolate the lower landing string in six seconds or less, disconnect from the lower landing string in ten seconds or less, and provide downhole data.
Andrew F. J. Gould and James W. (Bill) Stewart were appointed to the board of directors at BJ Services, and Evelyn M. Angelle joined as executive vice president and CFO, the company said Jan. 19.
Combining real-time downhole intelligence, coiled tubing strength and flexibility, and continuous electrical power benefits fishing, milling, cleanouts, perforating and other operations.
David G. Gallagher said that trademarked Gilsonite is a naturally occurring asphaltite that binds and strengthens as an additive for drilling fluids and cementing.
Drillers added 11 oil rigs in the week to June 2, bringing the total count up to 733, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said.
Drillers added two oil rigs in the week to May 26, bringing the total count up to 722, the most since April 2015, energy services firm Baker Hughes Inc. said on May 26.
Drillers added nine oil rigs in the week to May 12, bringing the total count up to 712, the most April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on May 12. While that is more than double the same week a year ago when there were only 318 active oil rigs, the pace of those additions has declined with the total over the past four weeks falling to the lowest since March.
New oilfields lead to larger capacity of Caspian pipeline.
Four years after Total and its partners paid 622 million reais (US$196 million) for five exploration blocks, they are still waiting for the go-ahead from Brazil's environmental regulator, Ibama.
The field’s daily output of natural gas averaged 12 million cubic meters, crude oil output stood at 17,000 barrels per day (bbl/d) and natural gas liquids at 38,000 bbl/d in April, according to Norway’s Petroleum Directorate.
Shell suspended some well operations and Anadarko Petroleum, ENI and Enbridge said they had evacuated non-essential personnel.
Osagie Okunbor, managing director of Shell Petroleum Development Co. of Nigeria (SPDC), said it was “on the verge of making a final investment decision” on a project in the city of Asa that would have a capacity of 300 million cubic feet.
The French oil services firm, which specializes in geoseismic surveys and is listed in Paris and New York, said the restructuring would eliminate $1.95 billion in debt from its balance sheet.
Activist shareholder Elliott called on BHP Billiton on June 14 to "upgrade" its board of directors as the company prepares to select a new chairman this week.
Cenovus will replace CEO Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets from ConocoPhillips, though it failed to name a successor.
Africa-focused oil company Tullow Oil Plc said it had appointed Les Wood as its finance head, after its CFO Ian Springett stepped down due to ill health.
Bolivian President Evo Morales said the government had dismissed the president of state oil company YPFB, citing an allegedly flawed $149 million contract to purchase drilling equipment.
Named to succeed Jac Nasser as BHP chairman from Sept. 1, MacKenzie's early challenge will be to deal with calls for a revamp at the world's biggest miner from activist shareholders.
When BP oss Bob Dudley clinched a final deal to settle litigation over the deadly Deepwater Horizon disaster, many oil industry executives and investors thought his mission was accomplished.
The regulator on June 22 published an eight-step program it wants oil companies to follow to tap the southern North Sea tight gas deposits, which were traditionally unpopular among explorers because they were difficult to access and therefore more expensive to develop.
ExxonMobil and BP have thrown their support behind a carbon tax plan proposed by a group of elder Republican statesmen, according to an advertisement published in the Wall Street Journal.
The U.S. Supreme Court handed a victory to Chevron by preventing Ecuadorean villagers and their American lawyer from trying to collect on an $8.65 billion pollution judgment.
Colombia's state-run oil company Ecopetrol SA is paying particular attention to an upcoming wave of public referendums on crude production, the company's chief operating officer, Felipe Bayon, said June 16.
Canada's oil sands need more emissions-cutting measures and monitoring, an official panel said June 16 in recommendations that could potentially raise costs in a high-cost region that international players have increasingly abandoned.