National Oilwell Varco, Inc. has announced the commercial launch of GoConnect condition monitoring services for intervention and stimulation equipment, which provides real-time process monitoring, predictive analytics, and condition-based maintenance capabilities for NOV's pressure pumping, coiled tubing, nitrogen, and wireline equipment. The GoConnect system uses machine learning to provide data-driven insights into the condition, health, and performance of customers' equipment and operations. The GoConnect system's capabilities allow customers to reduce downtime-related costs, enhance equipment performance, and improve operational efficiencies of completion services.
Asset Management News
Weir Oil & Gas, an upstream provider of pressure pumping and pressure control equipment and services, introduced its second-generation SPM Radio Frequency Identification (RFID) technology and RFID Mobile App at OTC 2018. The new RFID enhancements enable flawless iron fleet maintenance in the field, even in the most remote locations plagued with low Internet or cellular connections.
The discussion about climate change has been taking place for many years and is still a hot topic, now more than ever before. This debate has led to global initiatives to reduce carbon footprints, which is high on the agenda of almost every country's government. Regulations on a global, regional and local scale have been established to reduce greenhouse gas emissions, which heavily impacts the oil & gas industry. To achieve those goals and prove regulatory compliance, the industry is rapidly adopting the ISO 50001 standard to improve the organization's energy performance and make climate part of their corporate strategy.
To support a number of contract wins in Brazil and western Canada, Wood is establishing new in-country teams for its asset integrity solutions service offering. This expansion follows major successes in the region including provision of a downstream risk based inspection management program, as well as the development of subsea integrity management systems.
Trelleborg Sealing Solutions announces the launch of the new polytetrafluoroethylene (PTFE) based O-Ring energized single-acting rotary seal, Turcon Roto Glyd Ring DXL. This seal is specifically designed to meet the demands of high pressure rotary applications within the oil and gas industry.
Dover announced that its "Wellsite" upstream energy businesses will be named Apergy. Apergy will be a publicly traded company headquartered in The Woodlands, Texas with the tagline: "Unlocking Energy." The spin-off transaction is on track for completion in May of 2018, subject to the satisfaction or waiver of certain customary conditions.
Jacobs Engineering Group Inc. has received a five-year contract renewal from Shell Canada Limited to provide mechanical maintenance and turnaround services on the company's Scotford site located in Fort Saskatchewan, Alberta, Canada. Employing approximately 300 full-time personnel on the site, Jacobs will continue to provide mechanical maintenance and turnaround services for the full facility.
Cyberhawk Innovations, a leader in aerial inspection and survey using unmanned aerial vehicles (UAVs), has been appointed by the Engineering Construction Industry Training Board (ECITB) to develop the UK's first industrial training syllabus for drones in the engineering and construction sectors.
ExxonMobil Upstream Research Company announced that it has signed a three-year joint development agreement with MagnaBond, LLC to develop new technologies that could enhance cost-effective evaluation of well cementing, casing and tubing. The agreement was facilitated by the Industry Technology Facilitator as part of its initiative to address challenges associated with well decommissioning activities such as plugging and abandonment.
Trelleborg Sealing Solutions has expanded its HiMod Slydring HC wear ring range, introducing over 180 additional part numbers in outer diameters from 1 to 12 inches. The enhanced range becomes available early 2018, serving various fluid power applications including industrial machines, mobile hydraulics and other industries.
Leaking flange? Don't shut down — contain it and divert it with the Xtreme Shell manufactured by Andax Industries.
NACE International Institute is proud to announce the release of its innovative IMPACT PLUS corrosion management product - the world's first platform to benchmark practices and improve corrosion management. This one-of-a-kind platform is designed to advance corrosion management performance across all industry sectors, from pipelines and bridges to maritime and defense systems, and beyond. Built as a tool for management professionals, the program balances technical and business solutions by utilizing process classification frameworks, maturity models and benchmarking expertise.
In the oil and gas industry, protecting massive carbon steel assets from corrosion is a continual challenge around the world, including China, particularly along coastline exposed to high humidity and salty air near oceans or other bodies of water.
In the oil and gas market, where prices and profits are volatile, cutting costs and expenses becomes a higher priority. Even with signs of a market recovery, companies must focus on viability for the long term by not compromising on productivity and safety standards. How can companies most cost-effectively manage assets in this economy?