technology – Page 17 – Oil & Gas 360

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

GE Oil & Gas Alum Joins Tech Company as CCO - Oil & Gas 360

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

Tech Leads U.S. Stocks Higher; Oil Gains

July 22, 2019

From Reuters U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.-China trade talks and increasing geopolitical tensions sent oil prices climbing. Tech pushed Wall Street into positive territory as investors girded themselves for a week of second-quarter results from major industrial

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

How Crestwood Zips Crude, Condensate and Water Through the Cloud

June 18, 2018

IoT, cloud computing, custom aps, telematics, embedded tech boost efficiency and safety for Crestwood Equity Partners “tip to tail” From CCJ Crude oil prices fell rapidly during the fourth quarter of 2014 as global output exceeded demand. The change of events led Crestwood Transportation in a new direction. Before this period, the Kansas City, Mo.-based carrier had acquired a number of small

How the U.S. Will Handle the OPEC-Russia Spigot

May 30, 2018

Except for a small drop in the amount of oil produced in 2016, with return to the upswing in 2017, American production has been on a steady increase ever since 2008. Even during the 2014-2016 price crash, U.S. E&Ps hunkered down, strengthened their balance sheets, made technological leaps and kept on producing oil and gas—without depending on the reappearance of

National Oilwell Varco: Six-Quarter Streak Snapped

April 30, 2018

National Oilwell Varco (ticker: NOV) reported a first quarter 2018 net loss of $68 million, or $(0.18) per share. Revenues for the first quarter were $1.8 billion, a decrease of 9% compared to the fourth quarter of 2017 and an increase of 3% from the first quarter of 2017. Operating loss for the first quarter of 2018 was $1 million,

Precision Drilling Increased Rig Automation, Exits 2017 with 63 Active Rigs

February 15, 2018

Targets 2018 upgrades to stay below $34 million Precision Drilling Corporation (ticker: PDS) had fourth quarter 2017 revenues of CDN$347 million, an increase of 15% over Q4 2016. Precision posted a Q4 2017 net loss of CDN$47 million, or (CDN$0.16) per share, compared with a net loss of CDN$31 million (CDN$0.10 per share) in the fourth quarter of 2016. During

Premium Content