Production Optimization News

 

Improving flow measurement accuracy

Nov 01, 2017

Changing production regimes over the life of a field can prove to be a flow measurement challenge. NEL's Neil Bowman looks at the challenges. A turbine meter. Image from NEL. As fields mature…

Weatherford, Intel Corp. in IoT pact

Oct 04, 2017

Weatherford International and Intel Corp. will collaborate to bring the Internet of Things (IoT) technologies to the oil field. Colin Tait, director of information technology at Weatherford, stood alongside Jonathan Ballon, vice president…

OE17: Expro inks Repsol MSA

Sep 05, 2017

Oilfield services company Expro (5D110) has secured a five-year master services agreement with Repsol Sinopec Resources UK, for well services across its UK North Sea assets, the firm revealed during SPE Offshore Europe. The contract is…

Well-Safe makes first acquisition

Aug 09, 2017

New North Sea well abandonment firm Well-Safe Solutions has made its first acquisition - Intervention Project Management (IPM) for an undisclosed sum. IPM’s founder and managing director, Phil Milton, has been appointed CEO of Well-Safe Solutions…

GE, Baker Hughes complete merger

Jul 03, 2017

GE Oil & Gas and Baker Hughes today (3 July) completed their planned merger, which will create an entity that offers GE’s digital solutions and Baker Hughes domain expertise as oilfield services provider. Source…

New explorer gets $300 million boost

May 23, 2017

New Norwegian exploration firm Mime Petroleum has agreed to an investment deal worth up to US$300 million from Blue Water Energy. Oslo-headquartered Mime Petroleum has been set up to focus on developing existing fields and licenses on the Norwegian Continental Shelf (NCS)…

Statoil in major digitization investment

May 22, 2017

Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020. Digitalization will help improve the safety, security and efficiency of Statoil operations…

Weatherford debuts ForeSite

May 09, 2017

Image from Weatherford. Weatherford International has commercially released the ForeSite production optimization platform at the Weatherford Enterprise Software Conference. The ForeSite…

Tendeka makes next step in wireless completion tech

May 09, 2017

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…

Schlumberger debuts new Lift IQ service

Mar 30, 2017

Schlumberger has introduced the Lift IQ production life cycle management service, which offers monitoring, diagnostics and optimization of artificial lift systems in real time. This new service securely collects, transmits, evaluates and…

Seabed gets West Africa 4D project

Jan 20, 2017

Seabed Geosolutions, a joint venture between Fugro and CGG, has been awarded a 4D baseline ocean bottom node project in West Africa, with a duration of six-weeks. The crew is currently in the mobilization phase of the project, which will…

Vaalco back online at Avouma off Gabon

Jan 05, 2017

Houston-based Vaalco Energy restarted production at the Avouma 2-H well on the Avouma platform, offshore Gabon, after utilizing a hydraulic workover unit to replace a failed electric submersible pump (ESP) system.   Gabon drill floor operations…

Trellborg expands Houston team

Nov 28, 2016

Trelleborg’s offshore operation based in Houston has invested in a new Global Riser Analysis team to incorporate in-house mathematical simulation capabilities into its current engineering group. The Global Riser Analysis team consists…

ExxonMobil starts up US$4 billion Julia project

Apr 19, 2016

ExxonMobil has started oil production at its US$4 billion Julia oil field in the Gulf of Mexico with the first production well currently online, and a second well set to start production in the coming weeks, the supermajor announced. Image…

PECOM 2016 highlights Mexico’s potential

Apr 04, 2016

All eyes will be on the current and future potential of Mexico’s oil and gas industry at the 22nd annual Petroleum Exhibition & Conference of Mexico (PECOM),taking place 5-7 April in Villahermosa, Tabasco. PECOM 2015 exhibit floor…

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