People, Companies & Products
Maersk inks deals to collaborate with Halliburton, Petrofac
Maersk Drilling has signed agreements with Halliburton and Petrofac to collaborate on the exploration program to be delivered under Maersk’s master alliance agreement with Seapulse.
Under the alliance, Maersk is responsible for providing fully integrated drilling services, including provision of drilling rigs and all related services, for a global offshore oil and gas exploration program. With the new agreements, Petrofac will deliver well management services, and Halliburton will deliver integrated well services, through the duration of the program.
The Seapulse portfolio spans shallow-water and deepwater wells in several regions. Two wells in the UK North Sea have previously been announced as part of the workscope, which is expected to start drilling in the second half of 2020.
A tailor-made process covering all phases in the end-to-end delivery of a well has been developed to maximize efficiency and remove waste.
Trendsetter to supply connectors to Talos Energy
Trendsetter Engineering has been awarded a contract to provide Talos Energy with TC7 Clamp Connection Systems. The clamp connectors and ancillary equipment will be used on the Bulleit development in the Gulf of Mexico’s Green Canyon 21 block. The equipment is slated for delivery this year.
Trendsetter introduced its subsea connector and TEX gasket technology in 2015 and has since delivered more than 250 connectors to companies around the world.
Quinn Fanning has been appointed as Chief Financial Officer of Expro. He brings financial leadership and management experience through his time as CFO of a public company and as an investment banker.
Neodrill has announced a global cooperation agreement under which InterMoor will support Neodrill with project execution, installation services and business development of its CAN technology.
ABB to deliver automation, safety systems to Equinor
ABB has signed a frame agreement to deliver safety and automation systems across Equinor’s installed base and greenfield projects worldwide. The agreement will see ABB leverage its automation and intelligent digital solutions to enable cost savings, enhanced productivity and safety.
Baker Hughes secures Apache subsea agreement
Apache’s North Sea subsidiaries have awarded Baker Hughes a multi-year frame agreement that encompasses a suite of subsea equipment and services, including six trees, wellheads and an associated service package.
Drilling Systems targets Latin America with newhire
Drilling Systems has appointed Juan Pablo Valdivieso as Business Development Manager to target growth in the Latin American market. He previously worked with national oil companies in Kuwait and Colombia to build and implement development programs for drilling and petroleum engineers.
Mike Henry has assumed the role of CEO and Executive Director at BHP, replacing Andrew Mackenzie. Mr Henry joined BHP in 2003 and has been a member of the Executive Leadership Team since 2011.
C&J, Keane rebrand as NexTier Oilfield Solutions
C&J Energy Services and Keane have completed their merger, creating NexTier Oilfield Solutions. Robert Drummond serves as President and CEO.
Bishop Lifting Products has completed its acquisition of Louisiana Crane & Electrical Services, which offers 24-hour dispatching, preventive maintenance crane inspections and electrical services.
Talos broadens its GOM portfolio with acquisitions
Talos Energy has entered a series of agreements to acquire a broad portfolio of US Gulf of Mexico producing assets, exploration prospects and acreage from affiliates of ILX Holdings, Castex Energy and Venari Resources for $640 million.
The acquired assets produced approximately 19,000 barrels of oil equivalent per day during Q3 2019. This increases the company’s pro forma daily production to 72,000 barrels of oil equivalent per day, based on Q3 results. The assets also have proved and probable reserves of approximately 68 million barrels of oil equivalent.
In addition, the transaction includes more than 40 identified exploration prospects located on a total acreage footprint of approximately 700,000 gross acres.
New board chairman named at Reveal Energy Services
Reveal Energy Services has appointed Steven Schlotterbeck as Chairman of the Board of Directors. He previously served as CEO of EQT Corp and has more than 30 years of industry experience.
Forum upgrades facility for equipment testing
Forum has completed an upgrade to its hyperbaric testing facility in the UK. Improvements include enhanced pumps to reduce tank filling times. New technology added to the tank’s door will also allow it to be opened and closed more quickly. The pressure test tank is one of the largest in Europe and provides a facility for the critical testing of subsea equipment. Forum believes the upgrade will result in operational time savings of more than 35%.
Balmoral invests in Blaze Manufacturing
Balmoral Group has acquired a 70% stake in Blaze Manufacturing Solutions, which manufactures fire safety protection, detection and loss prevention solutions.
Coretrax expands with Churchill acquisition
Coretrax has acquired Churchill Drilling Tools as part of an ongoing growth strategy. A group structure will be formed, which will include Coretrax, Churchill and expandable tubular well solutions specialist Mohawk Energy.
Partnership to enable enterprise-scale AI in E&P
Schlumberger and Dataiku, a New York-based computer software company, have entered into an exclusive technology partnership. Combining existing Schlumberger digital tools and solutions with the enterprise AI technology from Dataiku means a ready-to-deploy full machine learning solution will be available at enterprise scale to the E&P industry.
PRODUCTS
Multizone system built for extreme deepwater conditions
Halliburton has introduced the Xtreme Single-Trip Multizone (XSTMZ) system for completing wells in deepwater and ultra-deepwater conditions up to 15,000 psi. The increased pressure rating allows operators to isolate and frac-pack multiple zones at higher pump rates with larger proppant volumes.
The system will help to increase production and total recovery by driving down abandonment pressure and can save rig time by isolating and treating several intervals with a single trip.
A major operator in the Gulf of Mexico Lower Tertiary has ordered the system to complete multiple reservoirs that are experiencing large bottomhole pressure differentials due to depletion. The operator plans to begin installing the equipment needed to complete two wells in 2020.
Polymer treatment aims to increase recovery in shales
Tendeka has launched ShaleModifier, a new oil-based polymer treatment that covalently bonds to the rock surface to allow enhanced oil flowback from the nanonetwork. It can be pumped as part of the initial completion ahead of the hydraulic fracture or as a workover squeezed into the formation.
The binder chemistry in ShaleModifier has a controlled molecular weight allowing active polymer to readily penetrate a pore network size as low as 100 nanometers with pressure differentials as low as 225 psi.
Active-FLI technology proven in Texas well survey
Well-SENSE has proved its Active-FLI (fiberline intervention) technology with the completion of its first commercial onshore well survey for a major E&P operator at a test well in Texas. The technology combines distributed and single point data in a fast and portable well interrogation solution, reducing the operational footprint and risk for the operator, using less time, personnel, space and equipment.
ReFRAC delivers consistent perforation hole sizes
Core Laboratories has introduced its ReFRAC perforating technology for mechanical isolation-type recompletions. It delivers consistent perforation hole sizes through multiple strings of tubulars.
Initially, a small liner is run into existing well casing and cemented in place, allowing for new plug-and-perf operations. Each stage is conventionally isolated with a frac plug, with no diverters required. The ReFRAC system is then deployed, which includes a perforating charge delivery system that is designed for multi-string refrac operations. This allows the system to deliver consistent hole sizes through two strings of casing, resulting in faster and more effective recompletion.
The technology provides optimal limited-entry perforating performance via a new shape-charge technology, helping to achieve minimal variance between hole sizes.
High-Temp aluminum alloy for additive manufacturing
QuesTek Innovations has developed a new printable aluminum alloy that is capable of high-strength performance at elevated temperatures (200-300°C) in the as-built condition. It is believed to be the first powdered AI material to meet those requirements without the need for subsequent heat treatment. The alloy will enable the printing of lighter-weight precision components not currently possible with traditional manufacturing methods.
