WorldOil Varel, Taurex settle drill bit intellectual property lawsuit Varel International Energy Services, a long-standing provider of drilling and downhole solutions, announced their settled litigation with Taurex Drill Bits, including claims of intellectual property infringement for specific drill bit technology. Schlumberger New Energy and Thermal Energy Partners form geothermal development company STEP Energy STEP Energy will combine Schlumberger’s subsurface and drilling expertise with Thermal Energy Partners’ experience in project development and risk mitigation to advance geothermal power projects. OU researcher receives grant to increase geothermal energy production in the United States “I am very proud to hear that the Department of Energy is equipping and empowering the University of Oklahoma to pursue a groundbreaking project to unleash safe and sustainable energy,” said Congressman Tom Cole. “Widely recognized as a center for scientific excellence and innovation, OU’s contributions will indeed be critical in honing production and refining the use of geothermal energy.” Canadian offshore slowdown impacts RandD investment dollars With the offshore energy industry now in crisis mode, and no sign of help from Ottawa, companies are putting many of their projects on hold indefinitely. DeepStar awards magnetic ESP project to Upwing and Mitsubishi The proof-of-concept phase, targeting deepwater offshore and subsea oil well applications, is sponsored and funded by the Nippon Foundation - DeepStar Joint Ocean Innovation program and supported by project champions Chevron, Shell, Petrobras and Equinor. Vallourec’s VAM® SPRINT-SF connection: designed to make your life easy! As a world leader in premium tubular solutions serving the oil and gas, power generation, and industry applications, Vallourec continues to build new customer experiences through innovative solutions. The new VAM® SPRINT Series is a great example of the Vallourec culture that listens to our customers’ needs and reacts quickly to provide a solution in an ever-changing market environment. ExxonMobil joins COVID-19 fight, helping develop multi-use PPE for clinical settings ExxonMobil is applying its deep knowledge and experience with polymer-based technologies, in partnership with the Global Center for Medical Innovation, to facilitate development and expedite third-party production of innovative safety equipment that can be sterilized and worn multiple times. Overcoming small organic barriers could reap larger oil recoveries in shale reservoirs Researchers at Texas AandM University have found that the presence of a fossilized organic substance called kerogen plays a vital role in how easily carbon dioxide can travel through shale reservoirs. BJ Services commences field trials for natural gas fueled fracturing technology BJ Services has reached a key milestone with the advancement of field trials for its next-generation fracturing pump platform, the TITAN—the backbone of the Company’s next-generation fleet. Plexus wellhead sealing system aces API 6A PR2F testing standards The tests, verified by Lloyds Register, exceed conventional API 6A temperature class ranges of ‘K’ (-75 to +180°F) and ‘X’ (0 to 350°F), and Plexus engineers believe no other wellhead sealing system can perform under the same conditions in a single test run.