People, Companies & Products
Latshaw Drilling announces new VP Contracts, 2 promotions
Latshaw Drilling recently announced several personnel changes.
Leroy Peterson has joined the company as VP of Contracts. Mr Peterson comes from Patriot Drilling, which he cofounded in 2002. Mr Peterson attended New Mexico State University and has extensive experience in the drilling industry.
Joey Stockton has been promoted to VP of Operations. Mr Stockton attended Oklahoma State University and began his career in the oilfield with Goober Drilling, which later became Keen Energy. After Keen Energy was acquired by Latshaw Drilling in 2012, Mr Stockton assumed the role of Operations Manager.
Joseph Hudson has been promoted to VP of Business Development. Mr Hudson has been with Latshaw Drilling since 2017, coming from Nabors Drilling. Mr Hudson holds a degree in business management from Texas Tech University.
Multi-year service contracts awarded for work in the UAE
Abu Dhabi National Oil Company (ADNOC) recently awarded Tenaris with a contract to provide tubulars and Rig Direct services over the next five years, with a total value of $1.9 billion. The contract includes a potential two-year extension.
To better serve ADNOC, Tenaris will expand its footprint in Abu Dhabi by installing a premium threading facility and upgrading its Rig Direct Service Center.
Separately, ADNOC Offshore has signed a $220 million, three-year contract with Weatherford to provide directional drilling services, with the goal of increasing offshore production in the UAE. The agreement entails using the Magnus rotary steerable system in re-entry wells and new wells.
Magnus is a push-the-bit, high-dogleg RSS that features independent pad control for precise directional steering.
IMI, Gustomsc ink deal to partner on jackup design
International Maritime Industries (IMI) has signed a license agreement with GustoMSC to work on a new jackup design. GustoMSC will tailor one of its CJ-series designs to IMI’s construction and installation capabilities, while retaining field-proven features like the X-bracing leg design, the Rack & Pinion Jacking Systems and X-Y cantilever system.
ABS, Keppel launch newbuild rigs with smart notations
ABS and Keppel Offshore & Marine have collaborated on two newbuild drilling rigs with smart notations. The rigs utilize data collected from a range of sensors monitoring machinery and structural health to improve their performance.
One of the rigs was delivered earlier this year to work offshore Mexico, and its performance is being monitored from Singapore. ABS refined its methodology to validate Smart Functions, supporting a more data-centric approach to survey after construction and assisting rig owners to move to a rig-specific condition-based Class approach.
IHS Markit introduces index for global carbon credits
IHS Markit has launched the Global Carbon Index, a benchmark for the global price of carbon credits. Since the beginning of 2018, the total return potentially gained by investors in global carbon is 132%. Putting a price on CO2 emissions through cap and trade programs and other market-based mechanisms is a primary strategy for reducing emissions. Worldwide, 57 jurisdictions have carbon pricing mechanisms, up by 34% since 2017.
Looney to take over after Dudley retires from BP
BP has announced Bob Dudley’s plan to retire on 31 March 2020. He will step down as Group Chief Executive and from the BP Board, and will be succeeded by Bernard Looney, currently Chief Executive, Upstream.
Bishop Lifting acquires Western Sling & Supply
Bishop Lifting Products has completed the acquisition of Western Sling & Supply Company, expanding Bishop’s presence in the Midwest regions of the US.
Devon names David Harris as executive VP of E&P
Devon Energy has appointed David Harris to the position of Executive Vice President, Exploration and Production. He joined the company in 2007 and most recently served as Senior VP of Exploration and Production. Tony Vaughn previously served in this role and will retire from Devon after 20 years of service.
Meissner joins 3T energy as executive vice president
3T Energy Group has appointed Neils Meissner as Executive VP. Prior to joining 3T, he served as VP of Business Development and Marketing at MHWirth. Before that, he headed up the sales and business development division at National Oilwell Varco.
Hyperion Materials & Technologies has signed an agreement to acquire Arno Friedrichs Harmetall (AFC), a provider of premium tungsten carbide blanks used in the manufacture of high-precision rotary cutting tools for drilling and milling applications.
Schlumberger introduces at-bit steerable system
Schlumberger has launched the NeoSteer at-bit steerable system. The technology was designed to improve horizontal well drilling performance by providing high-dogleg capability and increased rate of penetration in the curve and lateral.
Further, the system leverages digital technologies by combining the latest trajectory control algorithms, as well as machine-learning and data analytics to provide improved planning and execution performance.
The new technology has already been used to drill more than 792,480 m during 250 runs in unconventional reservoirs in North America and Argentina.
Baker Hughes joint venture launches AI application
A joint venture between Baker Hughes and C3.ai has launched the BHC3 Reliability artificial intelligence software application. It uses deep learning predictive models, natural language processing and machine vision to continuously aggregate data from plant-wide sensor networks, enterprise systems, maintenance notes, and piping and instrumentation schematics.
The BHC3 Reliability machine-learning models identify anomalous conditions that lead to equipment failure and process upsets. Application alerts enable proactive action by operators to reduce downtime and lost revenue.
The software is applicable to operations across all sectors of the energy value chain and is powered by the BHC3 AI Suite.
Telemetry service offers quick, reliable data transmission
Halliburton has released the QuickPulse Automated Directional Gamma Service. The MWD technology combines directional, vibration and gamma ray sensors with a strong transmission signal that overcomes most downhole interference.
The system automatically prioritizes critical vibration, tool face and downhole inclination measurements, enabling rapid drilling decisions. It transmits data in intervals as fast as 3 seconds and full survey measurements in as little as 24 seconds.
Separately, Halliburton has unveiled the Commander Full Bore Cement Head, which enables rotation and reciprocation of 4 1/2- to 6-in. production strings to increase reliability and reduce risk during the well cementing process.
Mobile mixer allows epoxy resin to be mixed onsite
CannSeal has launched a new mobile mixer technology that enables the company’s proprietary epoxy resin to be mixed onsite, removing restrictions associated with storage and curing times. The company’s epoxy resin has a viscosity of up to 4 million cP and is injected into the annulus using a patented delivery tool. This process avoids the need for heavy workovers.
New perforating system uses portless sub system
GEODynamics has introduced the Vapr perforating system. It features a portless, disposable sub system that can be used with any addressable switch on the market, including the company’s wired addressable switch. All gun-to-sub and gun-to-gun connections are wireless, due to Vapr’s threaded connections that provide a redundant ground path with zero-tension connectors.
Seadrill launches tool to monitor red zones
Seadrill has introduced Vision IQ, a safety technology that monitors and provides warning of potential risks in the Red Zone by combining artificial intelligence, laser imaging, detection and ranging (LiDAR) and advanced edge computing.
Comparable to their use in autonomous vehicles, LiDAR technology surrounds the Red Zone of the rig to create a dynamically monitored environment, while Vision IQ’s advanced AI technology allows real-time monitoring of the Red Zone using 3D visualizations.
This holistic view enables users to pinpoint the exact position of crew members on the rig floor in relation to moving heavy equipment and provide advanced warning of potential hazards, thereby limiting scope for human error. Vision IQ can be integrated into the rig’s anti-collision system, creating a more unified, seamless approach to safety.
Vision IQ has been piloted on a Seadrill rig that’s under contract in the US Gulf of Mexico and will be deployed on 12 rigs by the end of 2020.
Seadrill developed the technology in conjunction with Marsden Group and has committed to voluntarily share the technology behind Vision IQ with its peers in the industry.
New connector to target use in 20K interventions
Trendsetter Engineering has been contracted to design, qualify and deliver a 20K Hydraulic Intervention Connector. It will be designed to interface with the HWCG 20K Capping Stack and would be utilized to conduct flowback or intervention operations after the capping stack has been installed. The TC11/7 Hydraulic Intervention Connector will be an addition to Trendsetter’s connector portfolio.