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The US Department of Energy (DOE) announced the availability of $20 million for cost-shared oil and gas research projects to increase recovery efficiency from unconventional oil and gas wells and to prevent offshore spills and leaks. This new funding opportunity seeks projects that will advance DOE’s objective to support a more environmentally responsible, secure, and resilient US energy infrastructure, while enhancing economic competitiveness and national security...

Every time a worker has to handle tubulars, from the pipe yard to the drilling rig, there is risk for incident or injury. Global Gravity created the TubeLock system to reduce the handling required by halving the number of times a pipe is handled compared with wire bundling systems, Kim Christensen, Director of Sales and Marketing for Global Gravity, said during an IADC Spark Tank event on 2 August...

Transocean has reached an agreement with Songa Offshore whereby Transocean will, subject to certain conditions, make a voluntary exchange offer to acquire 100% of the issued and outstanding shares of Songa Offshore, including shares issued before expiry of the offer period as a result of the exercise of warrants, convertible loans and other subscription rights...

BHGE announced the introduction of its CIRCA coiled tubing simulation software, which enables coiled tubing service providers to maximize equipment performance and improve operational efficiency in well interventions. Based on learnings from the field and built and refined over three decades, the software allows coiled tubing providers and operators to build better job models for more predictable results...