Baker Hughes, a GE company has posted its Weekly Rig Count reports.
Atlas Copco’s compact SMB7-44 Hurricane booster featured at Offshore Technology Conference
Atlas Copco’s SMB7-44 Hurricane booster gives seismic exploration crews powerful air pressure while minimizing space consumption. The 13-by-7-foot booster generates as much as 2,500 psi to power air guns for gathering seismic data needed to locate oil and gas basins under the seabed.
The booster’s six-cylinder, Caterpillar C7 Tier 3 engine operates at 1,800 rpm to generate a discharge pressure of as much as 2,500 psi. Its high-power performance continues through humid conditions and temperatures as high as 125 degrees because of the booster’s dependable pre-cooler and intercoolers with scrubber tank.
The SMB7-44’s pressure-regulating system contributes to a fast ROI by optimizing fuel consumption. The system automatically adjusts the amount of fuel fed to the engine based on air demand, which minimizes fuel consumption and achieves maximum uptime.
The booster features intuitive controls for easy operation and maximum safety. Atlas Copco designed the controls with an easy-to-read layout, including large pressure gauges and grouped switches, to quickly adjust air power for fluctuating demands. The controls are built into a stainless-steel instrument panel, which resists corrosion and displays operating pressures, engine temperatures and fault indicators. The instrument panel also alerts operators and automatically stops the unit if there is low engine oil pressure, excessive engine speed or high engine coolant temperature. This allows operators to immediately take corrective action and minimize the risk of damage to the equipment or boat. For additional safety, the SMB7-44 also features emergency stop and safety valves at the suction inter-stage and discharge.
The booster is coated with a durable anti-corrosion protection finish to withstand tough conditions. It has an open-skid body that makes service points, such as the diesel engine, filters and valves, easy to access. In addition, engine fluids are plumbed to the edge of the skid, which eliminates the hassle of maneuvering pans into the interior space. The standard, spillage-free base frame is sized to contain 110 percent of the machine’s fluids and fuel, which safeguards the site and protects the environment. To enhance the ease of serviceability, Atlas Copco also offers valve and piston service kits so the units can be maintained onsite instead of sending them to a mechanic onshore.
More from Drilling & Production
ProSep, a technology and service provider for integrated process solutions to the global energy industry, has successfully secured a contract with Aker Solutions to provide two MAX+ ProSalt mixers to Equinor's Heimdal Gas Centre Platform in the North Sea.
Wellbore Integrity Solutions (WIS), an affiliate of private equity firm Rhône Capital, and Schlumberger jointly announced that they have entered into an agreement for WIS to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility located on Rankin Road in Houston, Texas. The transaction is valued at approximately $400 million and is subject to regulatory approvals and other customary closing conditions. The parties expect to close the transaction by year-end 2019.
ITT Inc.'s BIW Connector Systems brand will showcase its enhanced electrical wellhead penetrator solutions for the upstream oil and gas market at the Society of Petroleum Engineers Gulf Coast Section's ESP Symposium May 13-17, 2019 at The Woodlands Waterway Marriott Hotel & Convention Center near Houston, Texas.
Quartzdyne, Inc., a producer of pressure transducers for the oil and gas industry, introduced its Gen2 Quartz and Piezo Memory Tools at the Offshore Technology Conference (OTC).
Wild Well Control, a Superior Energy Services company and global leader in well control, engineering and training services, has launched a new online well control e-learning course, Introduction to Drilling Operations.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for April 2019 was 1,062, up 23 from the 1,039 counted in March 2019, and up 84 from the 978 counted in April 2018. The international offshore rig count for April 2019 was 251, up 4 from the 247 counted in March 2019, and up 57 from the 194 counted in April 2018.
From 2016 to 2018, capital investment in Canada's upstream oil and gas industry (essentially, exploration and production) increased 15 percent compared to 41 percent in the U.S. over the same period, finds a new study released by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
Schlumberger introduced the IriSphere look-ahead-while-drilling service at the Offshore Technology Conference. The new service provides the industry's first application of electromagnetic (EM) technology for detecting formation features ahead of the drill bit in oil and gas wells.
At OTC 2019, Weir Oil & Gas introduced its new SPM EXL Frac Pump - engineered from the ground up to be the most durable, longest-lasting 2500 horsepower pump on the market, the company states. With the highest rod load rating in its class at 238,000 pounds, this pump is designed to withstand today's harshest fracking conditions and ease maintenance for operators' field teams.
The National Energy Board (NEB) has approved two applications to abandon the NEB-regulated parts of Exxon Mobil's Sable Offshore Energy Project and Encana Corporation's Deep Panuke Project. These projects, both located offshore Nova Scotia, had reached a stage of naturally declining production. The Sable Offshore Energy Project stopped producing natural gas in December, 2018 and Deep Panuke ceased production in May, 2018.
The Petroleum Services Association of Canada (PSAC), in its Midyear Update to the 2019 Canadian Oilfield Services Activity Forecast, lowered for a second time its Forecast for the number of wells drilled (rig released) in 2019 across Canada to 5,300 wells - a drop of 1,300 or twenty per cent (20%) from the original Forecast of 6,600 in November 2018. PSAC has based its updated Forecast on an average natural gas price of C$1.65/mcf (AECO), crude oil price of US$57.00/barrel (WTI), and a U.S.-Canada exchange rate averaging $0.75.
Leucrotta Exploration Inc. is pleased to announce the following update: Leucrotta drilled and completed an Upper Montney horizontal multi-frac well at 8-22-81-14W6 ("8-22") in the Mica area of north east British Columbia. The well was considered a major step-out given it was approximately 7.5 miles from the closest producing horizontal Upper Montney well. This well confirms that a large portion of our land base that has previously been delineated as highly productive in the Lower Montney is also highly productive in the Upper Montney, effectively significantly increasing the size of the potential development of the resource.
The cost of building
and operating oil sands projects has fallen dramatically in recent years and
total oil production is expected to rise by another 1 million barrels per day
(mbd) by 2030. But external factors—such as price uncertainty caused by
pipeline constraints—are contributing to a more moderate pace of production
growth than in years past, a new report by business information provider
Cenovus Energy Inc. delivered strong operating and financial performance in the first quarter of 2019, generating more than $1 billion of adjusted funds flow, $731 million of free funds flow and cash from operating activities of $436 million. The company's excellent financial results were driven by strong operating performance, a significant narrowing of light-heavy oil price differentials in early 2019 and Cenovus's low-cost structure and continued commitment to capital discipline.
Trelleborg Sealing Solutions announces the launch of the new XploR S-Seal and XploR FS-Seal that have been developed for demanding high pressure sealing environments, such as those found in oil & gas downhole tool applications.
The proposed Flemish Pass Exploration Drilling Project and the proposed Eastern Newfoundland Offshore Exploration Drilling Project are not likely to cause significant adverse environmental effects when mitigation measures are taken into account, according to the federal government.
The Canadian Association of Oilwell Drilling Contractors offered its congratulations to Premier-Designate Jason Kenney on securing a decisive victory in the 2019 Alberta provincial election.
Single Phase Power Solutions (SPPS), the world's only manufacturer of high horsepower single phase electric motors, introduces single phase pump solutions which do not require a phase converter or Variable Frequency Drive (VFD). The company incorporates their Belle Single-Phase Motor which uses Written-Pole technology to deliver up to 100 hp to power standard suction end centrifugal pumps, rotary gear pumps, and turbine pumps in both horizontal and vertical configurations.
Saturn Oil & Gas Inc. is pleased to announce finishing successfully the drilling, completion, equip and tie-in of its nine (9) wells in Q1 2019. Saturn has achieved an average production rate in March 2019 of over 1,100 bbl/d with all twenty-nine (29) wells producing by March 25th. The Q1 2019 peak production rate was over 1,400 bbl/day. The Company forecasts its Q2 2019 production volumes will average over 950 bbl/d.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for March 2019 was 1,039, up 12 from the 1,027 counted in February 2019, and up 67 from the 972 counted in March 2018. The international offshore rig count for March 2019 was 247, down 3 from the 250 counted in February 2019, and up 62 from the 185 counted in February 2018.
Stress Engineering Services, Inc. has received an OTC Spotlight on New Technology (SONT) Award for its condition based maintenance (CBM) of drilling riser systems.
Imperial has slowed the pace of development of its Aspen in situ oil sands project given market uncertainty stemming from Alberta government intervention and other industry competitiveness challenges.
Despite each of our daily lives becoming increasingly digitized to save us time and money and keep us safe and healthy, many areas of heavy industry, especially those which rely on large-scale physical infrastructure, are still grappling with how to integrate meaningful technologies that will move them beyond cumbersome and costly analogue processes.
Canadian Natural has reported its 2018 fourth quarter and full year results, indicating that the company is continuing to show growth, even within a challenging oil and gas industy.
Questerre Energy Corporation has executed a definitive purchase and sale agreement with a senior exploration and production company to acquire all their assets in Quebec. This follows the letter of intent signed in early 2018 as set out in the Company's press release dated June 4, 2018.
Rotork IQ3 intelligent multi-turn electric actuators have been specified for use in solar powered control stations for water gathering pipelines in the USA.
Saturn Oil & Gas Inc. has provided an operational update, including details of the Company's Q1/19 capital budget and drilling program (the "Program"), along with forecast average production volumes for the quarter.
CIRCOR Industrial Valves announces the cost-saving Rotable Critical Trim Refurbishment Program. Eliminating the delay and expense of cutting out a leaking valve, the program replaces internal valve components to return valve function quickly while restoring the removed parts for future use.
Cuda Oil and Gas Inc. has released the results of its 2018 year-end oil and gas reserves evaluation for Wyoming and Alberta.
Tourmaline Oil Corp. is pleased to report very strong total reserve growth, liquids reserve growth and a continued reserve value increase in the current depressed natural gas price environment. The Company executed on the 2017-2018 plan to concentrate almost entirely on internal EP growth and has produced the best reserve metrics in the Company's 10 year history over the past two years.
Another component has been added to the product portfolio of the NEMO progressing cavity pump from NETZSCH: the xLC unit. This unit triples the service life of the pump, particularly when conveying difficult, abrasive media. When wear occurs in the rotor-stator system, the new xLC unit allows the performance of the pump to be re-established by adjusting the preload between the conveyor elements.
Rockwell Automation, which is dedicated to industrial automation and information, and Schlumberger, a leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, have entered into an agreement to create a new joint venture, Sensia, the first fully integrated digital oilfield automation solutions provider.
Pulse Oil Corp. is happy to announce that the Company intends to drill two new wells within the Bigoray EOR acreage in February and March 2019.
Advantage Oil & Gas Ltd. has released a report on its 2018 reserves and an operational update on the Corporation's liquids development plan.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for January 2019 was 1,023, down 2 from the 1,025 counted in December 2018, and up 63 from the 960 counted in January 2018. The international offshore rig count for January 2019 was 241, up 7 from the 234 counted in December 2018, and up 45 from the 196 counted in January 2018.
Baker Hughes, a GE company has introduced the , which mills out more smoothly and cleans up better than any other conventional frac plug on the market, cutting costs and helping customers achieve first oil faster.
Hemisphere Energy Corporation has provided an update on its Southern Alberta operations following the 11 well drilling program that was completed in the fall of 2018.