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US rig count hits 877

Offshore default

The US total rig count has reached 877, a seven-rig increase from one week ago, according to the Baker Hughes rig count. Last year, that number stood at 415. US land rigs jumped by four this week, while offshore grew by two.

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Weir launches Simplified Frac Iron System, Pressure Control Intelligent System

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Weir Oil & Gas, a provider of pressure pumping and pressure control equipment and services, announced its latest innovations – the Simplified Frac Iron System and the Pressure Control Intelligent System – at the 2017 OTC in Houston. Both technologies were created in response to operator demand for technologies that allow them to be competitive in a lower oil price environment, according to Weir...

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Baker Hughes introduces long-life PDC bit to reduce trips in high horsepower drilling operations

The Dynamus bit is built on a new, robust frame that incorporates stabilizing elements to prevent lateral vibrations as well as proprietary cutters engineered to minimize wear.

Baker Hughes Incorporated announced the commercial release of its Dynamus extended-life polycrystalline diamond compact (PDC) drill bit which can significantly reduce drilling costs by eliminating trips to replace bits or bottomhole assembly (BHA) tools that wear out in high horsepower drilling operations. The Dynamus bit is built on a robust frame that incorporates stabilizing elements to prevent lateral vibrations as well as proprietary cutters engineered to minimize wear...

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Collaborative co-development yields innovative, disruptive technologies

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While the oil and gas industry can be cautious about change, the industry’s appetite for disruptive innovation has grown over the past two years. In a presentation at the 2017 OTC, Dr Patrick Sullivan, Founder and CEO of Oceanit, explained the concept of corporate co-development, which is his company’s approach to collaboration. In this video from the conference on 3 May, he explains how this sort of partnership between technology companies and oil and gas companies can foster the development and timely deployment of disruptive technologies. He also discusses Oceanit’s recent corporate co-development project with Shell, which resulted in a steel cement interface nanobond (SCIN) technology that has been successfully deployed onshore Pennsylvania and offshore in the Gulf of Mexico.

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NOV expands Tektonic drill bit platform for harsh applications

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Since launching the Tektonic drill bit platform in 2015, National Oilwell Varco (NOV) has been expanding the platform to include bits for a variety of drilling environments and formations. The latest expansion targets harsh rock, Hector Barocio, NOV’s Global Product Line Manager for Drill Bits, said at the 2017 OTC. In this video from 3 May, Mr Barocio outlines some of the technical advancements, including new nozzles and cutters, that enable the Tektonic bit to drill in harsh rock, including carbonates...

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