WorldOil GEODynamics introduces professional grade perforating systems GEODynamics’ Engineered Perforating Solutions Division has introduced FracIQ PRO, a revolutionary perforating system tailored for multi-stage plug-and-perf operations. AKOFS Offshore secures letter of intent from Equinor for light well intervention services AKOFS Offshore, a company owned by Akastor ASA, has entered into a Letter of Intent with Equinor (formerly Statoil) for provision of year round light well intervention services (LWI) on the Norwegian Continental Shelf. Drilling Advances The ascension of dual-activity rig floors, which enable different operations to be conducted simultaneously in parallel, is credited with helping reduce offshore well delivery time. Recovery improved in a brownfield heavy oil well, using inflow control technology Using AICDs in heavy oil fields can reduce water cut. As a case study shows, the viscosity difference between heavy oil and water provides a favorable mobility ratio well-suited to this technology, and increased oil production. Permian basin may have more to give Call it Permian, version 3.0. That’s how Tim Dove, who leads Pioneer Natural Resources, refers to new well designs his company says are now pumping 35% more oil than their predecessors. Weir introduces fleet maintenance technology to address remote location challenges Weir introduced its second-generation RFID technology to enable frac iron fleet maintenance in the field in remote locations plagued with low internet or cellular connections. Schlumberger quarterly profits surge on activity gains, higher oil prices Schlumberger reported an 88% increase in quarterly profit as rising crude oil prices encouraged North American operators to ramp up drilling. Frontera reports commercial hydrocarbon shows at Georgian well Frontera Resources set casing based on commercial hydrocarbon shows at its Dino-2 well in the Republic of Georgia, eastern Europe. Rystad forecasts increased U.S. fracing capabilities by end 2018 Rystad said that pumping horsepower and sand supply are both tight in certain regions of the U.S. However, pumping horsepower and sand supply will see significant additions in the second half of 2018. OTC Spotlight on New Technology Awards: Offshore industry innovates despite muted activity Offshore investments may still be slow to accelerate, but that hasn’t stopped companies from ramping up RandD efforts to create a safer, more efficient and more productive offshore industry.