The Latest

Exploration & Production

E&P Tech Trends: New Schlumberger Digital Service; On-demand Well Control Training; More

Check out the latest products and services for the upstream oil and gas industry including Schlumberger’s Performance Live digitally connected service that optimizes remote wellsite operations control.

September 25, 2020

Seismic

CGG Commences Second Phase of OBN Multiclient Survey in UK North Sea

CGG has completed the first phase of its multiyear program to deliver the largest OBN multiclient survey ever acquired in the U.K. Central North Sea (CNS) and immediate commencement of the second acquisition phase, the company said on Sept. 24.

September 25, 2020

Digital Oilfield

E&P Tech: Benefits of Using a Digital Twin in Well Construction

eDrilling uses dynamic drilling models and diagnostic technology merged with 3D visualization for a true digital twin or 'virtual wellbore.'

September 24, 2020

Restructurings

Calfrac Rejects Wilks Brothers’ $20 Million Takeover Offer

Instead, Canada's Calfrac Well Services on Sept. 24 said it was sweetening its recapitalization plan to reduce debt.

September 24, 2020

Investment

Global Climate Goals ‘Virtually Impossible’ Without Carbon Capture, IEA Says

Up to to $160 billion investment in carbon capture technology is need by the growing number of countries and companies targeting net-zero CO₂ emissions by around 2050, the IEA says.

September 24, 2020

Digital Oilfield

Kongsberg Advances Virtual Oilfield Tech with Digital Twin Software Debut

The software produces a virtual replica of facilities, improving oil and gas operators’ situational awareness and business decisions in real time, Kongsberg Digital President Hege Skryseth says.

September 24, 2020

Investment

Blockchain Startup Data Gumbo Secures $4 Million from L37, Equinor and Saudi Aramco

L37 leads $4 million round with Equinor Ventures and Saudi Aramco Energy Ventures.

September 24, 2020

Exploration & Production

Archer Wins North Sea Contract Extension with Apache

Based on current and expected future activity, including additional services through our engineering, rentals and oiltools divisions, the extension has an estimated value of up to $100 million.

September 24, 2020

Drilling

Weatherford Inks Memorandum of Understanding with Safe Influx

Weatherford International Plc has signed a memorandum of understanding (MoU) with Safe Influx, the provider of automated well control technology, the company said on Sept. 23.

September 24, 2020

Business

Will US Oil Production Ever Hit 13 Million Barrels Per Day Again?

Analysts discuss the outlook for the U.S. shale sector as it recovers from the latest downturn, awaiting higher global demand.

September 23, 2020