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ExxonMobil, Magnabond agree on development targeted at cementing, decommissioning and more

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.

ExxonMobil’s Energy Outlook projects energy demand increase and decline in carbon intensity

Global energy demand will increase 25 percent between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil said in the 2016 edition of The Outlook for Energy. At the same time, energy efficiency gains and increased use of renewable energy sources and lower carbon fuels, such as natural gas, are expected to help reduce by half the carbon intensity of the global economy.

ExxonMobil Upstream Research Company and Hunting’s Titan Division to jointly develop autonomous tools technology for well construction

ExxonMobil Upstream Research Company has signed a joint development agreement with Hunting’s Titan Division to develop new autonomous tools technology focused on creating a step change in well construction and intervention efficiency. The two Houston-based companies said they expect to produce the first commercial autonomous tools in a few years with initial tools focused on perforating and pipe cutting devices.

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