The Baker Hughes Rig Count for the week ending January 10, 2020 shows that the U.S. Rig Count is down 15 rigs from last week to 781, with oil rigs down 11 to 659, gas rigs down 4 to 119, and miscellaneous rigs unchanged at 3.
Canadian drilling contractors saw a slight decline in operating machines to end 2019, according to the Baker Hughes monthly rig count for December.
Driven by continued investments in the US oil and gas industry, along with increased activity in the biopharmaceuticals and the medical devices sectors, the North American positive displacement (PD) pumps market witnessed a spike in sales in 2019, generating $2.5 billion in revenue.
Xylem is helping the oil and gas industry effectively manage the millions of gallons of water required for production with the expansion of its pump portfolio to include the rugged and efficient e-MP multistage ring section pumps, e-XC single stage double suction centrifugal pumps, and larger vertical turbine pumps.
Oil and gas operators in the Permian Basin, the most prolific hydrocarbon resource basin in North America, will have to drill substantially more wells just to maintain current production levels and even more to grow production, owing to the high level of recent growth, according to an analysis by IHS Markit.
Vertiflo Pump Company offers its Series 2100 Trash- and Solids-Handling Self-Priming Pumps. The Series 2100 has easy access to the impeller and case to remove debris. It has an oversized, tapered bore and a self-flushing seal chamber.
Quorum Software, a leader in digital transformation for the oil and gas industry, announced the release of myQuorum DynamicDocs, a cloud-based document management system purpose-built to make oil and gas operators more secure, agile and compliant. As part of the myQuorum platform, DynamicDocs will play a central role in helping Quorum customers evolve document-based business processes to deliver more value and streamline workflows.
Schlumberger announced that its technology partnership with Microsoft to develop cloud-native solutions on Microsoft Azure and Azure Stack has been strengthened by new deployments being introduced at the SIS Global Forum 2019 in Monaco.
Honeywell has unveiled new software to help field workers in the oil and gas, mining, and aerospace industries digitize equipment inspection programs, which can increase productivity, improve accuracy and minimize unplanned asset downtime.
Endress+Hauser is offering two universal, device configuration tablet PCs that provide especially fast, efficient one-click mobile device configuration and plant asset management in hazardous environments. With these robust, touch-enabled Field Xpert tablet PCs - model SMT77 for Cl. 1 Div. 1 and SMT70 for Cl. 1 Div. 2 - maintenance staff can manage virtually all digitally communicating Endress+Hauser and other field instruments throughout their entire life cycle. Both can be utilized just as effectively in non-hazardous parts of the same facilities.
Baker Hughes, a GE company, and C3.ai announced a joint venture agreement that brings together BHGE's fullstream oil and gas expertise with C3.ai's unique AI software suite to deliver digital transformation technologies that will drive new levels of productivity for the oil and gas industry.
Emerson announced the release of Geolog 19, the latest version of its formation evaluation software suite. This release includes new display formats that enhance collaboration between subsurface specialists. This includes representation of zonal data as crossplot and histogram tracks so that geoscientists can better understand the relationships between rock formation pressures, stresses, and mud weights, for example. The release also enhances its data connectivity and "openness" features with direct streaming of wellsite information transfer standard markup language (WITSML) data into Geolog's geosteering application, expanded connectivity to third-party applications, including Petrel 2019, and the integration of Python scripts for enhanced customization with no separate installation.