Baker Hughes has released its TerrAdapt adaptive drill bit, which can deliver dramatic improvements in drilling economics by using automation to mitigate downhole dysfunctions that cause inefficient drilling and costly tool failures. With self-adjusting depth-of-cut (DOC) control elements…
Hyperdynamics is changing things up at its Fatala-1 well, offshore the Republic of Guinea, just days after finalizing a drillship for the prospect. The Pacific Scirocco, from Pacific Drilling. Hyperdynamics…
Hyperdynamics Corp. has entered into a US$4.5 million master service agreement (MSA) with oilfield services giant Schlumberger to provide drilling services for the Fatala-1 deepwater exploration well planned for Q2 2017, offshore the Republic of Guinea…
Materia, a catalyst and advanced polymer developer and manufacturer, has introduced Proxima thermoset resins for applications in subsea thermal insulation, subsea buoyancy, and for downhole tools. Proxima HTI resins for high temperature…
A new company focused on the plugging and abandonment of wells in the North Sea’s decommissioning sector has been set up by three oil and gas industry veterans. Aberdeen-based Well Decom has been launched to help companies manage costs…
Baker Hughes says it expects to make some US$500 million annual savings by the end of 2016, as part of measures it is taking following the collapse of its proposed $34.6 billion merger with Halliburton. The initial phase of the cost reduction…
Smith Bits, a Schlumberger company, has released the AxeBlade ridged diamond element bit, which incorporates new-geometry Axe ridged diamond elements across the bit face. AxeBlade bits are designed to improve rate of penetration (ROP) in…
Energy analysts Douglas Westwood say the oilfield services market has seen a 39% drop in capex in the last year, with North American expenditure falling the hardest, at 55%. The group, discussing its World Oilfield Services Market Forecast…
Despite the massive cut backs the industry is facing, including cuts to exploration programs, drill bits continued to spin in 2015. Elaine Maslin reports. Atwood Achiever. Photo from Atwood Oceanics…
Elaine Maslin speaks with OTC spotlight award winner Fishbones about the company’s new Dreamliner technology aimed at increasing accuracy and efficiency in reservoir stimulation. Fishbones’ stimulation completion technology…
Technavio has published a new report on the global drill bits in oil and gas industry, which is expected to grow at a CAGR of more than 4% from 2015-2019. The company says that the persistent decline in prices during the forecast period…
The pending Halliburton and Baker Hughes mega merger will result in additional divestures of businesses for the approval of the US$34.6 billion deal, which is also under a three-week delay with the Antitrust Division of the US Department of Justice (DOJ)…
Bringing together floating production technology expertise and Dutch know-how from electrical cables to shipbuilding has helped Bluewater turn a new tidal energy concept into reality. Elaine Maslin reports. BlueTEC installed offshore Texel…
The Halliburton and Baker Hughes US$34.6 billion proposed merger is getting an extension of about 90-days after the two oil giants entered into a timing agreement with the Antitrust Division of the US Department of Justice (DOJ) for its review…
Swedish headquartered Lundin Petroleum has started spinning two drill bits on the Norwegian Continental Shelf - on Alta, in the Barents Sea, and one on the Edvard Grieg discovery, in the Norwegian North Sea. Both are appraisal wells.…
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