Spotlight on New Technology winners to be recognized at LAGCOE

Posted on 29 August 2013

LAGCOE recently announced winners of the 2013 Spotlight on New Technology awards for innovation and technological advancement: 5D Oilfield Magnetics, Baker Hughes, E&B Green Solutions, Hickman Sales and Service, Newpark Mats and Integrated Services and Zahroof Performance Valves. A technical session on 23 October will be dedicated to recognizing winning technologies from these companies.

“We had outstanding applications from companies presenting new and exceptional technological advancements,” said Chuck Schaub, LAGCOE Technical Sessions Committee co-chair and project manager for EDG. “This year’s award winners have pushed industry limits through creativity, efficiency and safety, and we are pleased to recognize these achievements that will positively impact the energy industry.”

The Open Hole Net technology from 5D Oilfield Magnetics catches all metal objects that drop into a wellbore and allows for easy removal from the mud system. This results in a reduction of maintenance costs to fluid-handling systems and large mud pumps.

Baker Hughes’ FASTrak LWD fluid sampling and testing technology can be deployed while drilling in challenging environments that cannot be performed with wireline tools. The Baker Hughes SC-XP gravel-pack and frac-pack system offers faster conveyance rates, higher bottomhole temperature and a higher production rating than existing sand control systems in extreme environments.

The new G – Clean Products from E&B Green Solutions is based on colloidal chemistry, where plant-based, non-toxic, nanosized particles work at the molecular level to penetrate larger hydrocarbon molecules, allowing the oil on the ground to biodegrade completely.

Hickman’s Stable Data System reduces the failure rate of sucker rod connections and tubular goods by connecting to hydraulic power tongs and monitoring and controlling variables that exist on mobile rigs, equipment and locations.

Newpark Mats and Integrated Services introduced Advanced Composite Mats to protect the ground at rig sites, leading to decreased truckloads and maintenance.

Zahroof Performance Valves’ ZPV High Efficiency Modular Valves for gas gathering and distribution applications reduces compressor power by 10% in pipeline transmission applications, increases reliability and reduces inventory by at least 75%.

All submissions were reviewed based on five criteria: new, innovative, proven, broad interest and significant impact. Winning technologies are no more than two years old based on the first time it was used in an application or announced to the market. Additionally, all winners introduced a new product or service that is not in violation of any known patents.

Established in 2009, Spotlight on New Technology awards recognize technologies from sponsoring or exhibiting companies that advance the process of discovering and producing oil and natural gas.

For more information on LAGCOE, click here.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 28 January 2015

    Chevron collaborating with BP, ConocoPhillips to explore 24 leases in deepwater Gulf of Mexico

    Chevron will collaborate with BP and ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico...

  • 28 January 2015

    BP forms alliance to advance Paleogene discoveries in deepwater Gulf of Mexico

    BP has formed a new ownership and operating model with Chevron and ConocoPhillips to focus on moving two significant BP Paleogene discoveries closer to development...

  • 27 January 2015

    Lower 48 oil production outlook stable despite expected rig count reduction

    The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, as...

  • 27 January 2015

    Hess Corp announces 2015 capital, exploratory budget

    Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources...

  • 26 January 2015

    Young professionals program at SPE/IADC Drilling Conference to target future leaders of the industry

    The oil and gas industry is constantly looking to the future. Whether this comes in the form of pushing the limits of pressure...

  • Read more news