Completions ///

Global LNG boom sends Baker Hughes’ demand soaring beyond expectations

Oil and gas drilling is big business once again, if the leap in demand for services from Baker Hughes Co., the world’s No. 2 oilfield contractor, is any gauge.

Schlumberger places $2 billion bet on strong oilfield service demand growth

Schlumberger is gearing up for growth around the world as the No. 1 oilfield contractor expects recovering economies to ignite several years of crude-demand expansion.

Hunting licenses Nammo Defense tech for perforating applications

Titan Division of Hunting Energy Services announced an exclusive licensing agreement with Nammo Defense Systems Inc. for the manufacture of time delay fuses for Hunting’s perforating applications.

NexTier stock jumps as frac demand swells revenue

NexTier Oilfield Solutions Inc. shares soared more than 20% after the frac provider disclosed higher-than-expected quarterly sales, signaling an acceleration in U.S. shale drilling.

Shale drillers face record cost pressures as banks shun the sector

Oil drillers in the biggest U.S. fields are shouldering record costs at the same time that some banks are increasingly reluctant to loan money to the sector, according to the Federal Reserve Bank of Dallas.

Hunting PLC forms JV with India’s Jindal SAW Limited

The agreement formalizes a closer working partnership between the two businesses, following the formation of a strategic alliance in 2019 when Hunting and Jindal began cooperating to develop their presence in the rapid growth OCTG market in India.

Logan Industries successfully engineers subsea grease injection unit with unique visual monitoring capabilities

Logan Industries International Corporation has successfully delivered a subsea grease injection unit as part of a complete subsea wireline pressure control system for a major subsea oil and gas company.

Leveraging oil and gas digitalization to emerge from the pandemic

Bimal Venkatesh

Following the pandemic, companies are adjusting operating philosophies to focus more on production optimization and maximize existing investments. This growing need has fueled interest in the latest digital offerings, especially for remote operations, visualization, Edge automation and artificial intelligence.

Digital oilfield partnerships accelerate delivery of completions innovation

Greg McDonald, Ben Dickinson

Harnessing the digital oil field and building fit-for-purpose business analytics allows E&Ps and service companies to navigate market forces, manage the energy transition, automate processes, contain costs, reduce carbon footprint, and deliver better wells in less time.

ADNOC awards Baker Hughes two major contracts through its local partners

Baker Hughes has been awarded two contracts from ADNOC this week for equipment and services across multiple upstream fields and projects in the United Arab Emirates.

Loss of IDCs and Percentage Depletion could cost Texas 120,000 direct upstream jobs, says Alliance

As U.S. House Democrats inch closer to striking a deal on a massive Budget Reconciliation package with their counterparts in the Senate, it is important to note the potential implications for jobs in the upstream sector of the U.S. oil and gas industry.

California’s Monterey county loses bid to restart oil drilling ban

A coastal California county’s attempt to curb new oil and gas development suffered another blow when an appeals court upheld a ruling striking down a ban on new wells and hydraulic fracturing.

Brunei Shell Petroleum Company and AccessESP successfully complete GoRigless ESP pilot project

The GoRigless ESP System is a proprietary through-tubing deployment and slickline-retrieval technology for AccessESP high-performance permanent magnet motors and industry-standard ESP pumps.

Halliburton And VoltaGrid enter multi-year contract with Aethon Energy for electric fracturing solution

Halliburton Company and VoltaGrid LLC have entered into a multi-year contract with Aethon Energy to deploy an advanced, all-electric fracturing solution in the Haynesville Shale.

Electric fracturing is catching on, but environmentalists are not impressed

Low-carbon hydraulic fracturing is gaining traction across the U.S. But since it still extracts the very oil and gas that fossil-fuel critics want the world to stop consuming altogether, not everyone’s convinced.

Schlumberger and AVEVA to advance digital solutions for oil and gas production operations

Schlumberger and AVEVA announced an agreement to integrate edge, AI and cloud digital solutions to help operators optimize oil and gas production.

Mid-Year Forecast: International operators make their way forward carefully

Cameron Wallace, Kurt Abraham

Although global oil and gas demand has recovered much of the ground lost last year, there are plenty of question marks left in the market for operators to navigate, including ESG and renewables challenges.

Mid-Year Forecast: U.S. to see uptick as crude prices climb, demand recovers

Craig Fleming, Kurt Abraham

Despite analysts’ dire predictions about Covid-19’s short-term/long-term effects on the industry, demand and oil prices recovered significantly in second-and-third-quarter 2021. Even with consistently higher oil prices, U.S. operators showed uncharacteristic restraint, focusing on debt reduction and shrinking the DUC backlog rather than new drilling.

Engineering for the long term

Dean Carey

In the oilfield, providing insight to current problems and offering foresight into potential future problems should form the bedrock of client engagement. Engineers and technicians working on a clients’ machinery should treat it as if it were their own.

Innovative approach optimizes the completion cycle

Frederico Carvalho, Varun Pai

A service company deployed new concepts and improved completion technologies to deliver an innovative operational process improvement, devising a one-trip solution that saved days/weeks off the work schedule, for subsea well stimulation in the Santos basin, offshore Brazil.

SnubWell: Advancing the completions market bit by byte

Jarodd Hargis, Kevin Hollerich

In 2019, Deep Well Services launched their greenfield SnubWell program, marking an industry-first data acquisition system custom-tailored to Hydraulic Completion Unit operations.

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