Trakopolis Enters into Acquisition Agreement with Geoforce
December 23, 2019
Trakopolis Enters into Acquisition Agreement with Geoforce
SkySpecs – Leader in wind energy operations & management solutions – Raises a $17 Million Series C Round lead by McRock Capital Corporation
December 20, 2019
SkySpecs – Leader in Wind Energy Operations & Management Solutions – Raises a $17 Million Series C Round Lead by McRock Capital Corporation
Baker Hughes enters three-way deal to boost AI in the oil field
November 19, 2019
Houston Chronicle Houston oilfield service company Baker Hughes has entered into a three-way agreement and partnership to boost the adoption of artificial intelligence technology in the oil and natural gas industry. Baker Hughes, tech giant Microsoft and Silicon Valley artificial intelligence company C3.ai have signed an agreement to work together to develop and deploy the cost-cutting technology for industry customers across
Satellite images show activity pick-up at Saudi Aramco’s Abqaiq site
September 26, 2019
Source: Reuters Satellite imagery of Saudi Arabia’s Abqaiq oil processing plant, which was damaged in an attack on Sept. 14, show signs of a return to thermal activity, data analytics firm Kayrros said on Thursday. Kayrros also said that flaring – the burning of gas from oilfields – was at “usual minimal levels” at Ghawar, Khurais and Abqaiq. The low
BP launches gas cloud imaging, drones to monitor methane emissions
September 11, 2019
From The Houston Chronicle BP said Tuesday it is launching a new system of gas cloud imaging and aerial drones to monitor and help reduce methane emissions around the world. The British energy major said it will deploy a system of continuous measurement of methane emissions for all of its new major projects worldwide and that it will use frequent
Repsol Sinopec Brazil, Ouro Negro and PUC-Rio Expand Technological Partnership
August 28, 2019
From World Oil Repsol Sinopec Brazil, Ouro Negro and the Mechanical Engineering Department of PUC-Rio’s Technical and Scientific Center (CTC/PUC-Rio) are expanding their technological partnership, developing a through tubing logging profiling tool to assess cement quality in lined wells. “The proposal is to have a tool that enables the detection of cement anomalies in the adjacent layer and not only
Verisk to Acquire Genscape
August 26, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Genscape will become a part of Verisk subsidiary Wood Mackenzie Verisk (stock ticker: VRSK), a data analytics provider headquartered in New Jersey, has signed a definitive agreement to acquire Genscape, a provider of real-time data for commodity markets, from Daily Mail and General Trust (DMGT) for $364 million in cash. As
ExxonMobil Partners with Carbon Capture Company
August 26, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 ExxonMobil partners with Mosaic Materials in order to pursue carbon capture technology ExxonMobil (stock ticker: XOM), an international oil and gas supermajor, has partnered with Mosaic Materials, a chemicals and engineering company, in order to explore and advance technology that can be used to remove carbon dioxide from emissions sources. The
Drillinginfo Announces Name Change
August 22, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Drillinginfo changes corporate name to Enverus Drillinginfo, an energy SaaS and data analytics company, is officially changing its corporate name to Enverus, marking both the company’s 20th anniversary and its achievement of surpassing $300 million in annual recurring revenue. According to an Enverus press release, the new name is comprised of
BP’s Tech Startups Paying Off – Lytt is like Downloading 1000 Netflix Films Simultaneously
May 9, 2019
BP recently created BP Launchpad as a business incubator From the Houston Chronicle BP is getting into the startup business launching its own well technology business, called Lytt, with [other tech startups] on the way. BP developed the acoustic, fiber-optics technology a couple of years ago to help identify sand interference in its offshore wells and the British energy supermajor
Stage Completions Sets Bowhead II Record with 142-Stage Permian Basin Completion in 4.3 Days
May 7, 2019
Permian completion almost doubles 2016 record Montney completion Stage Completions USA is demonstrating how to maximize completions for operators in the Permian Basin. [contextly_sidebar id=”PZkAJzfhcomeowHVjsa8cyyFndZ9wgvG”] Stage said that it achieved a record-setting 142-stage completion with its 5.5” Bowhead II Sliding Sleeve System at a Permian well. The 142-stage frac was completed in 4.3 days. Here’s what the technology
Oil & Gas Companies Fund Data Gumbo
May 7, 2019
Data Gumbo Secures $6M in Series A Funding from Venture Arms of Leading International Oil & Gas Companies
