Trendsetter Engineering Successfully Completes STIM Well Projects
Trendsetter Engineering has successfully completed live well operations with their new 15,000 psi subsea hydraulic intervention system (referred to as STIM). The STIM system, which...
Technology
Clean Chemistry Issued New Patents for Water Treatment Technology
Clean Chemistry, a chemical technology company, received three patents from the US Patent and Trademark Office that cover formulae, synthesis methods and use of unique...
DOE to Invest $20 Million in New Oil and Gas Research Projects
The U.S. Department of Energy (DOE) announced the availability of $20 million for cost-shared oil and gas research projects to increase recovery efficiency from unconventional...
Optimizing IT Spend: Cost Cutting Alone is Not Effective
This article is part two of a four-part series on optimizing IT costs. Past technology investments should have enabled new business improvements or efficiencies, but...
OTC Sees Another Annual Drop in Attendance
The Offshore Technology Conference (OTC) kicked off on April 29 at the NRG Park in Houston, Texas, and it lasted through the week of May...
Virtual Reality Safety Simulator Prove O&G Industry Must Not Be Complacent on Training Workers
Lloyd’s Register (LR), a leading global provider of engineering and technology-centric professional services, put delegates attending OTC 2017 in Houston, Texas, through their paces with...
Joint Venture to be Formed by Schlumberger and Weatherford
On March 24, Schlumberger and Weatherford announced an agreement to create a joint venture known as OneStim. According to a joint release by the companies,...
Exxon Mobil Looks to Build Petrochemical Plant in Texas
Exxon Mobil’s and Saudi Basic Industries Corps’ joint plan to build a new petrochemical plant saw significant advancement on March 21, as a school board...
Save Millions by Reducing Engine Idle Time
When oil was selling for more than $100 per barrel, most operators were not concerned about penny-pinching or using the most efficient processes available to...
Automated Data Reporting Saves Time and Money
With low oil prices, operations managers seek the most accurate data available to them. This information allows them to make efficient financial forecasts and make...