Baker Hughes, General Electric Co's oilfield services arm, reported a better-than-expected quarterly profit on Wednesday, helped by higher activity in LNG markets and rise in international demand for oilfield services.Revenue from the company's oilfield services segment…
Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield.Equinor agreed to sell about 54.5 million Lundin shares at a price of 266…
Oilfield service company Baker Hughes, a GE Company (BHGE) has entered into a joint venture with the California-based Artificial Intelligence (AI) software provider C3.ai to accelerate the digital transformation in the oil and gas industry.'AI…
Brazil's Petroleo Brasileiro SA is nearing the sale of two oilfields in a process that could fetch around $1 billion and aid the state-run oil firm in its bid to reduce debt.Petrobras, as the company is known, has set a June 5 deadline to receive…
While the oil and gas industry shows signs of stabilization, the imbalance in value and margins between exploration and production (E&P) companies and the oilfield service segment is significant, according to a report by Deloitte.A major worry…
The Irish-domiciled multinational oil and natural gas service company Weatherford International plc unveiled Victus intelligent managed pressure drilling (MPD), an Industry 4.0 solution that features intelligent control, equipment automation…
Industrial automation and information company Rockwell Automation and oilfield services provider Schlumberger have teamed up to create what they're calling the first fully integrated digital oilfield automation solutions provider.The new Houston based joint venture…
Independent global completions service company Tendeka has appointed Nizami Musayev as a new Area Manager in Russia as the company aims to grow its presence in the region.He will be responsible for introducing Tendeka’s existing portfolio and new technology such as Cascade3…
Irish-domiciled multinational oilfield services company Weatherford said it has made a major enhancement to its ForeSite production optimization platform, which combines physics-based models with advanced data analytics to improve performance across wells…
Oilfield Helping Hands (OHH), a nonprofit charitable organization comprised of volunteers devoted to providing assistance to oilfield workers in financial crisis, has set funds aside for recovery in the aftermath of Hurricane Harvey. OHH…
Sean Halpin, of Liquid Robotics, shares the benefits awaiting the offshore oil and gas industry if it could only speed up implementation of digital oilfield technologies. Wave Glider tow cable/towbody…
Swire Oilfield Services announced that Manfred Vonlanthen will succeed John Bruce Rae-Smith as the company’s chief executive officer (CEO). Rae-Smith will be stepping down as CEO of Swire Oilfield Services due to personal reasons. Vonlanthen…
Tendeka has launched PulseEight, its latest advance in wireless intelligent completion technology for the digital oilfield. Tendeka’s PulseEight system uses unique pressure pulse telemetry to channel wireless communication between a well’s…
Maana’s Jeff Dalgliesh discusses a recent project with Chevron aimed at training a machine to understand how drillers describe problems encountered during operations. Image from iStock. Typically…
China's CNOOC started production at its Enping 23-1 oil fields, in the Pearl River Mouth Basin of the South China Sea. The oil fields have an average water depth of approximately 90m, in which CNOOC holds 100% interest. There are currently three wells producing approximately 5600 b/d…