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Statoil, Techstars launch global accelerator program for energy innovators

Statoil is partnering with Techstars to create a global accelerator program for innovators and entrepreneurs who aspire to shape the future of energy.

Weatherford introduces V0-qualified retrievable well barrier

Weatherford International plc announced the commercial release of the ISO Extreme retrievable well barrier, which is qualified to ISO 14310 V0 standards for gas-tight isolation.

Baker Hughes, KBC partner to provide integrated software solutions to oil and gas

Baker Hughes, a GE company (BHGE), and KBC, a wholly-owned subsidiary of Yokogawa Electric Corporation, have announced a preferred partnership that will provide a combination of process simulation, asset performance management and operational software solutions to the oil and gas industry.

Halliburton introduces new drill bit for high energy applications

Halliburton has announced the release of GeoTech HE, a robust drill bit that incorporates new features and materials to deliver enhanced performance and increased reliability in today’s high energy drilling systems characterized by very high weight-on-bit and drilling torque.

Hunting, ExxonMobil move to next phase of Autonomous Project for field testing

Hunting’s Titan Division and ExxonMobil Upstream Research Co. entered into a joint agreement in 2015 to develop autonomous tool technology that creates a revolutionary step change in well completion and P&A. After meeting several development milestones, Hunting and ExxonMobil Upstream Research Co. announced that field trials for the autonomous tools will begin in late 2018.

Ashtead Technology signs five-year collaboration agreement with TSC

Global subsea equipment specialist, Ashtead Technology has signed a five-year global collaboration agreement with Technical Software Consultants Limited (TSC), part of Eddyfi Technologies, for its Alternating Current Field Measurement (ACFM) instruments.

Schlumberger announces new digital well construction planning solution

Schlumberger has introduced DrillPlan digital well construction planning solution at the SIS Global Forum—the first step in the DELFI cognitive E&P environment.

Collaboration delivers LWD triple-combo breakthrough for ultra-high-temperature wells

Steven Wacher, Zach Crosby, Tommy L. Binford Jr., Weatherford

As exploration efforts go into deeper, hotter and more remote offshore basins, the need for more advanced downhole drilling and logging tools is palpable. Accordingly, a new LWD toolstring that provides real-time downhole data, while withstanding 410°F temperatures, has been developed and tested in the harsh Gulf of Thailand.

Emerson launches industry-first controller for automation versatility, IIoT-enabled operations

Emerson is launching the DeltaV PK Controller, making the advanced automation of its DeltaV distributed control system (DCS) available to fast-growth industries traditionally less reliant on large-scale automation.

Oil nears $49 as brighter demand outlook sparks optimism

Oil climbed the most in a week as the International Energy Agency and OPEC improved their outlook for demand.

New Products and Services

Alex Endress, World Oil

Baker Hughes, a GE company, has introduced its CIRCA coiled tubing simulation software, which enables coiled tubing service providers to maximize equipment performance and improve operational efficiency in well interventions.

Downhole testing added to C-Kore Systems' subsea services

C-Kore Systems recently expanded the application of their subsea testing technology to downhole testing.

Wood Group launches flexible pipe integrity report following industry-wide project

Wood Group has led a global project to improve industry knowledge and understanding of flexible pipe integrity management.

Alicat mass flow controllers power MDC’s XpressStick gas delivery module

Alicat Scientific’s MCE mass flow controllers have been integrated into MDC Vacuum Products’ XpressStick MFC Gas Stick.

Quartzdyne memory tools continue to gain momentum

Quartzdyne, a leading producer of pressure transducers for the oil and gas industry, is proud of the instant acceptance by end users, along with the increased momentum that has been created, since the release of its Quartz and Piezo Memory Tools earlier this year.

SignalFire introduces intrinsically safe wireless flow totalizer

SignalFire Wireless Telemetry has introduced a new intrinsically safe wireless flow totalizer that connects to industry-standard inductive turbine flow meters (such as the AW-Lake TW Turbine) to measure, locally display, wirelessly transmit and archive flow measurements.

DNV GL applies data analytics techniques to reduce downtime

Opportunities for digitalization are currently being embraced by the oil and gas sector. However, there are few practical use cases of it yet. Lundin Norway and DNV GL have developed the first step in a solution for predicting unplanned shutdowns of Lundin Norway’s Edvard Grieg production platform.

Packers Plus, BP Oman achieve unprecedented operational efficiencies in HPHT wells

Packers Plus Energy Services Inc. has announced recent developments with BP Oman Exploration (Epsilon) Ltd. Collaborations include development of a customized completion system, successful installation and subsequent stimulation of two high pressure/high temperature (HPHT) wells in Oman's Khazzan field.

Emerson launches new drilling jar clamp for increased safety, well integrity

Emerson Automation Solutions has launched the latest product within its polymer completions solutions range – the PolyOil JAR Handling Clamp – for increased safety and well integrity.

Visuray introduces advanced diagnostic tool for well inspections

Following the successful launch of the VR90 downhole X-ray diagnostic tool in 2015, Visuray has developed an improved version of the tool known as the VR90s advanced diagnostic tool. The VR90s tool is the second product offering from the Visuray Downhole X-Ray platform family.