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2019 World Oil Awards finalists announced

For 18 years, these prestigious awards have recognized and honored the upstream energy industry’s leading innovators and innovations and recognized step changes in technology that have made a lasting impact.

Upwing Energy awarded 10 new downhole rotating device patents

Upwing Energy has been awarded 10 new patents, for critical enabling technologies in the company’s downhole rotating tools, and proprietary methods used to increase hydrocarbon production and recovery.

Weatherford automated connection integrity system reaches deployment milestone

Weatherford’s Vero automated connection integrity system, which applies artificial intelligence to validate well integrity and minimize safety risks, has completed 15,000 tubular connections in 50 operations worldwide since its market debut.

Interventek secures Trendsetter well intervention safety valve contract

The shear-and-seal subsea safety valves will be delivered by early 2020 for integration into Trendsetter’s MkII 15K Light Riser Intervention System. The system is scheduled for its first deployment for a major international oil and gas operator, around March 2020, as part of a subsea well intervention project in Latin America.

API addresses industry, regulatory concerns with new bolting standards

API TR 21TR1 seeks to address industry and regulatory concerns regarding connector bolts in all equipment deployed in offshore and other oil and natural gas exploration and production.

Simplify Automation of Multi-Well Pads

When you have many different systems, brands and vendors working together in your oilfield, it can complicate your operations.

Weatherford launches single-trip openhole cementing and sidetrack system

Weatherford has launched a single-trip openhole cementing sidetrack system capable of initiating sidetrack operations without the need of a cement plug.

New shale technology detects completion problems, parent/child well interference

Deep Imaging today announced the first and only real-time solution for tracking fluid as it’s pumped through the wellbore and out to the fracture tips during a completion job.

Halliburton releases first 3D logging-while-drilling technology

Halliburton launched 3D reservoir mapping, providing detailed representation of subsurface structures to improve well placement in complex reservoirs.

DroneDeploy launches single enterprise solution for all drone operations

DroneDeploy, the leading drone software company, announced today a major expansion across its products, making it a single platform for all drone operations. The launch includes automated drone fleet management, enhanced workflow integrations, a low-altitude inspection mode, and advanced analytic capabilities.

Eco-friendly oilfield chemicals pave the way for increased application use

Frost & Sullivan’s latest analysis of the global oilfield chemical market reveals that the development of innovative, advanced oilfield chemicals that have superior performance characteristics and are eco-friendly have paved the way for increased application use, premium prices, and market growth.

Teledyne CARIS releases new data model, bringing new versatility to chart production

Teledyne CARIS, a Teledyne Technologies company, has announced the release of its Hydrographic Production Database (HPD) 4.0. This new version of HPD is designed to support Hydrographic Offices around the world as they embrace the new S-100 Universal Hydrographic Data Model and explore its many possibilities.

Developer of oil, gas data services takes over operation of frac data sharing system

PDS Energy Information (PDS), a provider of secure data transfer exchange services for oil & gas drilling, completion, and production data, has announced that it has assumed commercial operation of the Frac Interference Exchange (FracX), a reciprocal data sharing network previously developed and operated by one of the largest operators in the Permian basin to coordinate hydraulic fracturing activity among producers.

Well-SENSE launches miniature optical gauge

Well-SENSE has launched a miniature optical pressure-temperature gauge, as part of its FiberLine Intervention (FLI) system.

Lloyd's Register releases new asset performance management platform

Lloyd’s Register (LR) has announced the latest release of LR AllAssets. This release adds significant new functionality to the AllAssets Asset Performance Management (APM) platform with the addition of a Maintenance Optimization module, which includes RCM, FMEA, FMECA and Maintenance Optimization capabilities and libraries.

Varel Oil and Gas releases new directional PDC drill bits

Varel Oil and Gas is staking it’s claim on the curve bit market by utilizing decades of bit design experience with accurate, predictive simulation software to target what directional companies and operators need most: consistent, controllable bits in the curve.

Oceaneering launches digital asset inspection system

Oceaneering International, Inc., has launched the Inform Inspect digital asset inspection system, which aims to streamline non-destructive testing (NDT) and inspection management.

Infrastructure Networks, Machfu partner to deliver data solutions to the oil field

Infrastructure Networks, Inc. and Machfu have announced that they have entered into a strategic partnership to help oil and gas companies improve the performance of their existing assets by easily connecting them to new cloud solutions.

Crowcon releases HMI to provide complete gas and hazard visibility solution

Crowcon has developed an HMI solution that creates complete system visibility.

BLOC-X launches first independent e-trading software for OTC oil block futures markets

BLOC-X has announced the launch of its electronic trading software for over-the-counter (OTC) oil block futures transactions.