Baker Hughes, a GE company announced that the Baker Hughes international rig count for November 2018 was 991, down 26 from the 1,017 counted in October 2018, and up 49 from the 942 counted in November 2017. The international offshore rig count for November 2018 was 206, down 1 from the 207 counted in October 2018, and up 23 from the 183 counted in November 2017.
Drilling & Production
Churchill Drilling Tools celebrated a landmark achievement recently. Churchill's Drift Catcher, run by operators across the globe to secure positive drift confirmations, celebrated its 2,000th run.
Petroshale announces financial and operating results for the third quarter of 2018 and executive appointment
PetroShale Inc. has announced its financial and operating results for the three and nine month periods ending September 30, 2018. In addition, the Company announces the appointment of Mr. Caleb Morgret as Chief Financial Officer (CFO), who will assume the role from Mr. David Rain, who is retiring effective November 30, 2018.
Baker Hughes, a GE company announces the launch of its new approach to subsea development: Subsea Connect, including its Aptara TOTEX-lite subsea system, a suite of new lightweight, modular technologies designed for the full life of field. By combining planning and risk management, new modular deepwater technology, innovative partnerships and digital tools into a single offering, Subsea Connect can reduce the economic development point of subsea projects by an average of 30 percent and has the potential to unlock an additional 16 billion barrels of reserves globally.
Pulse Oil Corp. has announced two Queenstown wells to be drilled and regulatory transfers for key Bigoray well reactivations have been received.
Despite a recovery in the price of oil, and LNG Canada's positive announcement early in Q4 that it would be building its LNG export facility, drilling activity in 2018 remained flat year-over-year. Once again the politicization of oil and gas infrastructure in Canada, along with increased taxation and regulatory requirements, resulted in significant delays and additional costs for Canadian producers, and sustained price differentials for Canadian crude blends.
Rotork has extended its CMA range of compact modulating actuators with new sizes specifically designed for reliable automation of larger linear control valves.
Operations remain suspended at the SeaRose floating production, storage and offloading (FPSO) vessel with all production wells secure after a period of extreme weather late last week.
The latest innovation from Packers Plus Energy Services Inc. brings simplicity and reliability to operators for stimulating the first stage of oil and gas wells. The Toe-XT Hydraulic Sleeve is specially designed to enable a maximum casing pressure test before activating the sleeve for stimulation operations.
Schlumberger introduced Concert well testing live performance technology at the Abu Dhabi International Petroleum Exhibition & Conference. The new technology brings real-time surface and downhole measurements, data analysis, and collaboration capabilities to well testing.
Well construction specialist DeltaTek Global has announced the inaugural deployment of its SeaCure technology.
Mixing is a vital part of many processes. How a mixer performs can affect final product quality, productivity, process times and energy efficiency. There are many factors in the design of a mixing solution that will affect how well it operates. Understanding how to optimize these can make a real difference to plant efficiency and profitability - and this is where SPX FLOW can really help.
Incorporating the M&J Valve and Copes-Vulcan brands, SPX FLOW has long served the oil, gas and power industries with a huge range of valves designed to offer reliable, safe performance in even the most critical of applications. The valves portfolio includes Danflo Surge Relief Valves for pipeline protection against surge, Slab and Expanding Gate valves for pipeline isolation, 4-way diverter valves for Bi-Direction Provers, Turbine Bypass Valves, Desuperheaters, general and severe duty control valves for power plants. All are precisely engineered and incorporate innovative features to help address challenges faced in the oil, gas and power industries.
The Canadian Environmental Assessment Agency has commenced a federal environmental assessment for the proposed Southeastern Newfoundland Offshore Exploration Drilling Project, located 300 kilometres east of St. John's, Newfoundland and Labrador, in the Atlantic Ocean.
The Petroleum Services Association of Canada (PSAC) has released its 2019 Canadian Drilling Activity Forecast. PSAC expects a total of 6,600 wells (rig releases) to be drilled in Canada in 2019. For 2018, the Association's final revised forecast predicts a yearly total of 6,980 wells.
MEG Energy Corp. reported third quarter 2018 operating and financial results that feature a record quarterly production volume, record low per barrel operating costs, and solid funds flow for the period.
The Canadian Environmental Assessment Agency is conducting a federal environmental assessment for the proposed Newfoundland Orphan Basin Exploration Drilling Project, located 343 to 496 kilometres northeast of St. John's, Newfoundland and Labrador, in the Atlantic Ocean.
ITT Inc.'s BIW Connector Systems brand has unveiled a new $1.5 million high pressure, high-temperature chamber for qualification testing of new electrical penetrator systems used in oil and gas wells.
Nine Energy Service, Inc. has officially completed the acquisition of Magnum Oil Tools International, LTD., a market-leading downhole technology provider serving the global oil and gas industry for over a decade. Magnum has a broad offering of proprietary downhole completions products, including dissolvable and composite frac plugs, as well as a number of other patented consumables.
More than 50 percent of reported underground utility damages are the result of insufficient excavation practices according to the 2017 DIRT Report. The Ditch Witch organization, a Charles Machine Works Company, has introduced an industry-first Virtual Reality (VR) Simulator to better prepare horizontal directional drill (HDD) operators for safe underground construction through cutting-edge training technology.
ROVOP, the independent provider of underwater remotely operated vehicles (ROVs), has announced the purchase of the entire fleet of 28 ROV systems from M2 Subsea.
Festo's newest line of FDA-compliant pneumatic tubing - PTFEN - delivers excellent high pressure, heat, corrosion and hydrolysis resistance required for harsh operating environments in many process industries. Made of polytetrafluorethylene, this extremely robust tubing is TSE-free, resistant to cleaning agent and not affected by challenging ambient atmospheric conditions. Microbes and other active agents and contaminants don't stick to polytetrafluorethylene, making PTFEN tubing easier to clean and ideal for manufacturing in the chemical and other industries.
Leslie Controls, a CIRCOR International brand, and a worldwide manufacturer of valves for the power generation, industrial, marine and oil and gas markets for over a century, features its K-Max Eccentric Plug Rotary Control Valve, one of the most versatile and robust valves of its type, and an improvement on the performance and durability of traditional rotary control valves. The K-Max incorporates the cam-action, low-friction plug operation that provides tight shutoff over a long service life in a variety of flow control applications, including high and low-pressure steam systems; clean, dirty, and corrosive liquids and gasses; and erosive and abrasive slurries.
As hydraulic fracturing activity ramps up in colder locations across the United States to meet growing energy demand, harsher temperatures and environmental conditions remain a challenge. Providing the market with a cold-weather solution, Dow Microbial Control, a business unit of DowDuPont Specialty Products, has launched two new products within its AQUCAR Water Treatment Microbiocides portfolio: AQUCAR TN 250 LT Water Treatment Microbiocide and AQUCAR 7140 LT Water Treatment Microbiocide.
Baker Hughes, a GE company has posted weekly rig count reports:
Pulse Oil Corp. updates well reactivation timing, announces acquisition of important Bigoray wells from third party
Pulse Oil Corp. announced an update to Pulse's Q4 2018 Bigoray well reactivation program as follows:
Abu Dhabi National Oil Company (ADNOC or the Group) and Baker Hughes, a GE company have signed a strategic partnership agreement, that will enable and support the growth and development of ADNOC's subsidiary, ADNOC Drilling, into a fully-integrated drilling and well construction provider. As part of the agreement, BHGE will acquire a five percent stake in ADNOC Drilling. The transaction values ADNOC Drilling at approximately $11 billion. BHGE will be the sole provider of certain proprietary leading edge and differentiated equipment and technologies related to the integrated drilling offering, supporting ADNOC Drilling's growth. Together, ADNOC and BHGE will deliver more competitive well completion times, greater drilling efficiencies and better well economics, and will capitalize on new business opportunities as ADNOC Drilling grows through its new expanded offering.
Trinidad Drilling Ltd. today announced that the respective boards of directors for Trinidad and Precision Drilling Corporation have unanimously agreed to a strategic combination of the two companies, creating an industry-leading contract driller.
Siemens will highlight its midstream oil and gas solutions and services during the upcoming GMRC trade fair and conference in Kansas City, Missouri, September 30 - October 3.
Smith Bits, a Schlumberger company, has launched the HyperBlade hyperbolic diamond element bit that reduces drilling costs by improving the rate of penetration (ROP), while maintaining steering response and directional tracking in soft and plastic rock formations.
Schlumberger launched the CemFIT Shield mud-sealing cement system at the Society of Petroleum Engineers Annual Technical Conference and Exhibition (SPE ATCE). The CemFIT Shield system provides the industry's first zonal isolation technology specifically designed to improve isolation between hydraulic fracturing stages in long horizontal wells.
Saturn Oil & Gas Inc. has commenced drilling of their 20 well horizontal drill program that will run to the end of Q1/2019. The first well of the Program was spud on September 11th, 2018 upon the successful closing of the previously announced USD $20 million revolving note facility with Prudential Capital Group.
Pulse Oil Corp. has provided an operational update on a number of its drilling and other projects, including the company's EOR modelling project at Bigoray and its Queenstown drilling.
Honeywell's UOP Russell business has introduced a new high recovery cryogenic gas processing plant that is 50 percent larger than other pre-engineered plants currently available. With a capacity of 300 million standard cubic feet per day, the new SC-30 gas plant employs Ortloff Recycle Split Vapor technology that can recover more than 99 percent of high-value ethane from natural gas.
Weatherford International recently announced the commercial release of a new Rotaflex long-stroke pumping unit that improves artificial-lift efficiency in challenging applications including deep, high-volume and high gas-to-liquids wells.
Baker Hughes, a GE company, has introduced its Magnefficient permanent magnet motor (PMM), which enables operators to increase electrical submersible pumping (ESP) system efficiency, thereby lowering power requirements and overall lifting costs.
Schlumberger introduced the GyroSphere MEMS gyro-while-drilling service at Offshore Northern Seas (ONS). The GyroSphere service responds to the needs of E&P companies for a faster and more rugged, gyro-surveying while-drilling tool that increases drilling efficiency and reliability while reducing drilling risks.
Nine Energy Service, Inc. has rolled out new, specially designed wireline trucks, unlike any other in use today. The new trucks, named SkyVIEW, were uniquely engineered to enhance safety and reliability to eliminate downtime and further improve successes in wireline operations. The new trucks will begin initial operations at Nine's Permian and Northeast locations starting in the third quarter of 2018.