Drilling – Page 2 – Oil & Gas 360

ADNOC and AIQ to deploy AI solution that will boost upstream operations

October 18, 2024

(World Oil) – ADNOC announced today the deployment of AIQ’s Advanced Reservoir 360 (AR360) solution on more than 30 reservoirs across ADNOC’s upstream operations, following the solution’s successful initial deployment in early 2024 on two ADNOC reservoirs at Bab and Umm Shaif fields. Developed by AIQ with SLB as part of ENERGYai, ADNOC’s artificial intelligence and digital technology strategy, AR360

Nabors Industries announces agreement to acquire Parker Wellbore

October 15, 2024

(Oil & Gas 360) – HAMILTON, Bermuda, Oct. 15, 2024 /PRNewswire/ — Nabors Industries Ltd. (“Nabors”) (NYSE: NBR) and Parker Wellbore (“Parker”) today announced a definitive agreement under which Nabors will acquire all of Parker’s issued and outstanding common shares in exchange for 4.8 million shares of Nabors common stock, subject to a share price collar. Parker provides drilling services across global energy

Baker Hughes wins tech order for TotalEnergies FPSO project offshore Angola

October 15, 2024

(World Oil) – Baker Hughes has been awarded a contract to supply advanced compression solutions to Saipem for TotalEnergies’ Kaminho Floating Production Storage and Offloading (FPSO) project in Angola, the company announced Tuesday. The contract is to be booked in the third quarter of 2024. Baker Hughes’ centrifugal BCL compressor and Integrated Compressor Line (ICL) technology were selected because of their capacity to minimize

Houston-based offshore driller Helix Energy Solutions evaluates potential sale amid market interest

October 4, 2024

(World Oil) – Helix Energy Solutions Group Inc. is exploring strategic options, including a potential sale, people familiar with the matter said. The Houston-based offshore drilling services provider is working with advisers to gauge interest from potential buyers, according to the people, who asked not to be identified discussing confidential information. Shares in Helix rose as much as 10.4% on Thursday.

Axis announces merger with Brigade

October 1, 2024

(World Oil) – Axis Energy Services LLC and Brigade Energy Services LLC jointly announced the closing of an agreement to merge and form the nation’s largest and most innovative well servicing company with the best-trained workforce. The merger combines two high-growth organizations that have pioneered new ways to create value for an oil and natural gas industry seeking to become

SLB expands collaboration with NVIDIA to develop AI-powered solutions for energy industry

September 23, 2024

World Oil (WO) — Global energy technology company SLB is building on its long-standing collaboration with NVIDIA to develop generative AI solutions for the energy industry. The collaboration accelerates the development and deployment of industry-specific generative AI foundation models across SLB’s global platforms, including its Delfi digital platform and Lumi data and AI platform, by leveraging NVIDIA NeMo, part of

Gastech 2024: Kent commits to U.S. market with significant expansion in Houston, Texas

September 19, 2024

World Oil (WO) – Kent is strengthening its presence in Houston, Texas, with significant strategic investments aimed at expanding its operations and capabilities in the region. Building on its 66-year legacy in the Americas, the company is doubling down on its commitment to the U.S. market as a central hub for its global operations. In the first half of 2024

Halliburton launches Clear electromechanical well intervention portfolio for completions operations

September 18, 2024

World Oil (WO) – On the first day of Gastech 2024, held this week in Houston, Texas, Halliburton Company introduced the Clear portfolio of electromechanical well intervention technologies and services. This portfolio addresses challenges related to high-angle deployment and includes surface readout telemetry for communication and precise control to deliver differentiated performance. The Clear portfolio includes: ClearTrac wireline tractor; ClearCut

Exclusive: Environmental Services Panel at EnerCom Denver-The Energy Investment Conference 2024

September 17, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Oklahoma Environmental Services is a multi-faceted environmental services and consulting firm, providing a complete range of environmental and compliance services by licensed professionals utilizing innovative technologies. oeservices.net On Pointe Consulting, LLC

Exclusive: Ranger Energy Systems at EnerCom Denver-The Energy Investment Conference 2024

September 13, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Ranger is one of the largest providers of high specification mobile rig well services, cased hole wireline services, and ancillary services in the U.S. oil and gas industry. Our advanced solutions

Exclusive: Drilling Tools International at EnerCom Denver-The Energy Investment Conference 2024

September 6, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Since 1984, Drilling Tools International has been a leading provider of downhole tools to the land and offshore drilling markets. We now offer products and services to multiple segments in drilling,

Halliburton alerts oil clients after cybersecurity breach, activates response plan

August 26, 2024

World Oil (Bloomberg) — Halliburton Co., the world’s biggest provider of fracing services, said it’s alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems. The Houston oilfield contractor has activated its cybersecurity response plan that includes taking certain systems offline for protection as well as notifying law enforcement, it said in a

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