MV Connor Bordelon is the host vessel for Baker Hughes new StimFORCE stimulation system in the Gulf of Mexico. Nina Rach went to Houma, Louisiana, to see the modular installation. Baker Hughes recently constructed a new stimulation vessel dedicated to the Gulf of Mexico market…
GE Oil & Gas opens Brazilian logistics base With an area of 590,000sq. ft and investments that exceed US$100 million, GE’s base in Niteroi in the state of Rio de Janeiro was designed primarily to load and unload installer ships. These vessels carry heavy equipment…
Baker Hughes kicked off its first STEM event for high-school students in the Houston area this past summer, inviting 22 students to visit its drill bit manufacturing facility in The Woodlands, Texas. The success of the program, and positive feedback throughout the industry…
BlueFire Equipment Corp rolled out its new premium steel bit line. The product will be available alongside the matrix PDC bits, and offers the opportunity of more cost savings for its customers. “During the process of developing our first made-to-order product for the international sector…
Sandvik has reached an agreement to acquire Varel International Energy Services Inc. for approximately US$740 million. The closing of the acquisition is subject to standard regulatory approvals and certain environmental due dilligence. Varel…
Declining reserves from mature fields worldwide, the ongoing demand for oil, and retreating sea ice have brought a flurry of exploration activity to the Arctic. The US Geological Survey estimates undiscovered Arctic petroleum resources of 90 billion bbls of oil and 1…
Baker Hughes Inc. announced the availability of its StayCool™ multidimensional cutter, which helps operators drill to total depth faster and more cost effectively by extending cutter life and footage per run. Used exclusively on the Hughes…
Smith Bits, a Schlumberger company, released the ONYX 360° rolling polycrystalline diamond compact (PDC) cutter. This technology enables a PDC cutter to rotate 360° while drilling, improving drillbit durability in abrasive formations and extending drillbit life and footage drilled per run…
Baker Hughes Inc. announced that its subsidiary, Baker Hughes Oilfield Operations, Inc., successfully deployed the Hughes Christensen Kymera™ hybrid drill bit for Statoil to improve rate of penetration (ROP) and drilling performance in an appraisal well in deepwater Logan field…
Baker Hughes announced the availability of a drilling fluid system that can improve drilling economics by enabling operators to manage circulating pressure more efficiently. The Baker Hughes MPRESS™ drilling fluid system allows operators…
Carrolton, Texas,-based Varel International l a u n c h e d i t s Katana-series steel body polycrystalline diamond compact (PDC) drill bits. Varel’s PDC Product Manager Cary Maurstad describes the line as a definitive enhancement for the company’s fixed cutter…
Exploration is expanding from West Africa’s Sierra Leone to Namibia, explains Bruce Nichols, led by sustained high oil prices, improving technology, relative political stability and a more supportive operating environment. Cobalt’s potentially…
Smith Bits, a Schlumberger company, introduced the Stinger conical diamond technology last month. The bit features an ultrathick polycrystalline diamond layer that is thicker than conventional PDC cutters. The Stinger element enables high-point loading to fracture rock more efficiently…
The last few months have been busy ones for Varel International. The Texas-based drill bit manufacturer celebrated the opening of its Houston technology center and also launched two drill bit lines, the Raider and the Voyager series…
Weatherford has been mobilizing a bucking unit equipped with torque/turn process control systems to an operator’s onshore Australian support base and providing full pipe preparation. Weatherford’s Aaron Sinnott explains how these services significantly reduced operating costs…
