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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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Lloyd’s Register launches new virtual reality safety simulator and gaming technology

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Lloyd’s Register (LR), a leading global provider of engineering and technology-centric professional services, has launched its Virtual Reality (VR) Safety Simulator to help further support training and knowledge transfer in the energy industry. Through the application of the latest innovation and technology advancements, LR has built a virtual environment to help illustrate the need for a continued focus on safety and risk assessments in the industry...

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