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With the Volvo award-winning Co-Pilot on-board interface, operators can set up projects with ease, get real-time job information and get more done with less rework. Use Co-Pilot for a multitude of applications, including Load Assist for wheel loaders, Compact Assist for Asphalt with Density Direct™, and Dig Assist for excavators. Learn more about how Co-Pilot can make your jobs more efficient, and more profitable. 

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Drilling & Production
Offshore Technology

Companies combine expertise on challenging engineering and hardware support services

Trendsetter Engineering and Add Energy have combined expertise to provide engineering and hardware support services to the industry’s most challenging problems. The companies have recently been awarded a contract to supply engineering expertise and access to Trendsetter’s patented Relief Well Injection Spool (RWIS) in support of an operators’ drilling campaign on a newly sanctioned field development. 

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Industry News

Packers Plus continues completion success in Montney

Packers Plus Energy Services Inc. is pleased to announce the ongoing success of cemented hybrid completions in Canada, using TREX Cemented Diffusor Sleeves and Hydraulic Toe Sleeves in combination with other completion methods. Most recently, Packers Plus completed 16 extended reach lateral wells with 16 lower stages in each well for an operator in Alberta's Deep Basin Montney formation. 

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Asset Management
Drilling & Production
Instrumentation, Systems & Automation

Samoco to receive meritorious award for engineering innovation at OTC

Samoco Oil Tools, a leading developer of tools for the oil and gas industry, is proud to announce it will receive a 2017 E&P Special Meritorious Award for Engineering Innovation. The company is receiving the award for its OneTrip BOP Universal Test Tool. Representatives from the company will accept the award during the Offshore Technology Conference in Houston, Texas, May 1-4. 

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Drilling & Production

Artificial lift management service improves well production and equipment performance

Schlumberger has introduced the Lift IQ production life cycle management service, which offers monitoring, diagnostics and optimization of artificial lift systems in real time. This new service securely collects, transmits, evaluates and interprets data from customer wells to improve production efficiency, extend equipment run life and reduce operating costs.

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Drilling & Production
Industry News

PSAC supports federal funding for orphan well decommissioning

The Petroleum Services Association of Canada (PSAC) was pleased to hear the federal government will provide a one-time payment of $30 million to the Government of Alberta to “support provincial actions that will stimulate economic activity and employment in Alberta’s resource sector.” PSAC has been advocating for loans to decommission orphan wells, pipelines and facilities to get workers in this sector back to work following tens of thousands of layoffs, while improving environmental outcomes, reducing carbon emissions, and strengthening Canada’s reputation as responsible stewards of the environment.

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Drilling & Production
Offshore Technology

GE, Noble partner on Digital Rig data analytics solution

GE and Noble Corporation jointly announced a partnership to collaborate on the Digital Rig solution, enabling data-driven operational efficiency by using data analytics, with the target of a 20 percent reduction in operational expenditure across the rigs.

Within the agreement, GE will initially deploy its latest marine Asset Performance Management (APM) system, powered by Predix*, on four of Noble’s drilling rigs. The partnership will allow data-driven operations intelligence to provide broad-ranging benefits for the selected assets on the program’s rigs:
  • • Enhanced drilling process efficiency—Foresight visibility of equipment anomalies and drilling process deviations to reduce operational disruptions and enhance performance consistency.
  • • Shift to predictive maintenance—Redefine maintenance strategies with a focus on predictive maintenance to achieve long-term, sustainable opex reductions across the fleet.
  • • Reduction of third-party service costs—Anytime, anywhere rig visibility and insights that leverage the one-to-many impact of shore-based experts to reduce third-party service costs.

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Drilling & Production

Revolutionary coiled tubing product

Global Tubing, LLC, the industry leader in coiled tubing products and services, launches DURACOIL, a revolutionary coiled tubing product.  DURACOIL’s improved tubing fatigue life, predictability and resistance to abrasion minimizes downtime due to pipe failures.  It is also less susceptible to preferential corrosion and Microbial Induced Corrosion (MIC) than conventional coiled tubing.  

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Drilling & Production

Baker Hughes releases adaptive drill bit

Baker Hughes announced the commercial release of its TerrAdapt adaptive drill bit, which can deliver dramatic improvements in drilling economics by using automation to mitigate downhole dysfunctions that cause inefficient drilling and costly tool failures. With the industry’s first self-adjusting depth-of-cut (DOC) control elements, the TerrAdapt bit automatically changes its aggressiveness based on the formation through which it is drilling to mitigate vibrations, stick-slip and impact loading. For operators, this means faster, more consistent rates of penetration (ROP), longer bit/tool life and significantly reduced non-productive time and invisible lost time. 

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Industry News

Extraction still in survival mode despite price increases, according to Conference Board

Although Canada’s oil producers are expected to benefit from both higher prices and rising production, profitability will remain elusive for the industry—with losses expected for the third year in a row. Pre-tax losses in Canada’s oil extraction industry are projected to reach just over $1.1 billion this year, according to The Conference Board of Canada’s latest outlook for the industry.

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Industry News

OPEC nations reach 98.5% compliance on cuts

The 10 Organization of the Petroleum Exporting Countries (OPEC) members moved closer to full compliance with the landmark production cut agreement signed late last year, as output in the month fell from January levels to average 32.03 million barrels per day, according to an S&P Global Platts survey of analysts. In all, taking an average of January and February production, the 10 members obligated to reduce output under the deal have achieved 98.5% of their total combined cuts, according to the survey, up from 91% in January.

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Drilling & Production
Industry News

Survey sets record for seismic traces in Montney

Explor Geophysical Ltd. announces that it has just completed acquisition of a high-density 3D seismic survey that attained trace densities ranging from 2.5 million to 5 million seismic traces per square kilometer, a new record.  Over 115,000 source points were acquired on a single 120 km2 3D seismic survey.  This trace density was achieved in each of the three components recorded, enabling processing and interpretation of both pressure waves and shear waves. 

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Drilling & Production
Industry News

Blackbird to acquire new Montney properties from Paramount

Blackbird Energy Inc. has entered into a letter of intent with Paramount Resources Ltd. for the acquisition of 13 gross sections of Montney rights (3.1 net) for total consideration of 5 million Blackbird common shares. These lands are contiguous with Blackbird’s existing lands and will, upon closing, increase Blackbird’s Montney rights at Elmworth / Pipestone to 115 gross sections (99.9 net).

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Drilling & Production

Pason Systems awarded first license of ExxonMobil's Drilling Advisory System

ExxonMobil has awarded Pason Systems, Inc. the first global license of its patented Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and ExxonMobil’s experience in drilling surveillance and optimization.

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