Weatherford Rolls Out ForeSite Optimization Platform
Irish-domiciled multinational oilfield services company Weatherford said it has made a major enhancement to its ForeSite production optimization platform, which combines physics-based models with advanced data analytics to improve performance across wells, reservoirs, and surface facilities on a single, secure platform.Weatherford, which first introduced the ForeSite platform in May 2017…
TWMA Acquires US Service Company
TWMA, provider of specialized drilling waste management services, has announced its acquisition of US-based Dynamic Oilfield Services in an eight-figure deal. The move comes as TWMA continues to implement an ambitious growth strategy, with internationalization and service diversity at its heart. The US land drilling market is currently recognized as the fastest growing drilling market in the world…
Schlumberger, Cameron Merger Complete
Schlumberger Limited (NYSE:SLB) announced today that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. Schlumberger has issued approximately 138 million shares pursuant to the merger.
OEG Offshore Delivers Oilfield Services Equipment Order
Offshore Cargo Carrying and A60 module company OEG Offshore (OEG) has delivered a specialist surface equipment project worth in excess of $500,000 for a global oilfield service company based in Aberdeen, Scotland, U.K. OEG Offshore’s A60 module manufacturing facility in Dyce, Aberdeen manufactured and delivered four integrated variable speed drive (VSD) skid packages for onshore drilling operations in the Netherlands.
Integrity Monitoring System for Upstream Assets
Permasense, a provider of remote monitoring solutions to the global energy industry, has launched a new product for the real-time integrity monitoring of upstream oil and gas assets. The ET210 Integrity Monitoring System delivers continuous wall thickness and temperature measurements from topside or surface equipment directly to desk, and will help improve the economics and safety of offshore operations.
Dissolvable Plug-And-Perf System by Schlumberger
Schlumberger today released the Infinity* dissolvable plug-and-perf system. This unique solution uses fully degradable fracture balls and fully degradable seats instead of plugs to isolate zones during well stimulation. “Operators are continuously looking to streamline plug-and-perf operations without compromising productivity,” said Olivier Le Peuch, president, Completions, Schlumberger.
Hurricane Energy Buoyed by Post-well Analysis Results
Hurricane Energy plc, the UK-based oil and gas company, announced having substantially completed post-well data analysis following the successful testing of the 1km horizontal appraisal well 205/21a-6 in Q2 2014 at the Company's Lancaster oil discovery West of Shetland. The well was optimally located to benefit from a highly connected fault/fracture network and an underlying 300m oil column (Hurricane's - 2C estimate of field ODT).
