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New proppant transport technology targets high-salinity water applications

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Fairmount Santrol recently launched Propel SSP 350. It is an extension to the self-suspending Propel SSP proppant transport technology, which is designed to increase hydraulic fracturing efficiency in plays where produced water disposal costs are high and where there are constraints on freshwater availability. The 350 extension targets applications in high-salinity water plays, such as the Marcellus and the Permian. Its development was driven by the need for improved proppant transport and for reduced completions costs by removing the need for extra...

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Epstein: Industry must take different approach to fossil fuels debate

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Much of the developed world wouldn’t be able to enjoy the quality of life it currently enjoys without the benefits of fossil fuels. For example, crops that are harvested using gasoline-powered equipment feed millions of people, while petrochemicals are used to manufacture materials for life-saving medical equipment and supplies. However, the oil and gas industry hasn’t been very successful in communicating these benefits of fossil fuels to the general public. In a keynote speech at the 2017 SPE Hydraulic Fracturing Technology Conference, Alex Epstein, author of “The Moral Case for Fossil Fuels,” asserted that the industry shouldn’t approach the public debate about fossil fuels from a fact-based view. It should look at it in terms of competing moral frameworks, he said.

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New drilling float valve developed to improve operational safety

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Standard drilling float valves have allowed fluid flow to move across the sealing surface of wells, which can compromise the integrity of the sealing surface after prolonged use. To address this challenge Drilling Innovative Solutions launched the Sentinel Drilling Safety Float Valve. The new piece of drilling float equipment uses a flapper actuated ball valve technology to flow fluid through the flow tube without exposing it to the sealing surface. Watch the video with Sam Hawkins, Founder and Manager of New Products for Drilling Innovative Solutions to learn more.

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Predictive maintenance could improve drilling equipment reliability

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Predictive maintenance has the potential to help drilling contractors better understand when equipment needs critical maintenance in order to prevent unexpected failure. Avoiding unexpected equipment failure is critical to reducing safety incidents, as well as nonproductive time. Watch DC’s video with SparkCognition VP Solutions Philippe Herve from 16 November to learn about new technologies such as cognitive analytics and machine learning that can help the drilling industry implement predictive maintenance. Mr Herve also gave a presentation on predictive maintenance at the Spark Tank forum, held by the IADC ART Future Technology Subcommittee on 27 October in Houston. Before specializing in predictive analytics, he spent 30 years working for oilfield service companies.

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Political instability keeps Latin America a challenging region for oil and gas industry

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Many countries in Latin America continue to struggle with political and social instability, resulting in uncertain rules and regulations for the oil and gas industry. In Venezuela, for example, the country’s goal of reaching 5.2 million bbl/day of production by 2012 has fallen significantly short, and it’s now producing only 2.1-2.2 million bbl/day. However, if the country installs a new government with policies designed to capitalize on the country’s vast hydrocarbon resources, that 5.2 million bbl/day production goal could be achievable within five years, according to Jorge R. Piñon, Director of the Latin America and Caribbean Energy Program and Interim Director for the Jackson School of Geosciences at The University of Texas at Austin. Watch DC’s video from the 2016 IADC Annual General Meeting in Scottsdale, Ariz., on 3 November for more details.

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Tudor Pickering Holt: Oil prices could reach $70/bbl in 2017

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Byron Pope, Managing Director, Oil Service Research at Tudor Pickering Holt, is forecasting that oil prices could get up to $70/bbl next year. He attributed this to growing global energy demand and shortened supply caused by canceled upstream projects around the world. Mr Pope also expects upstream CAPEX to grow in the coming year and for the US land rig count to continue increasing. However, it may take several more years for the offshore rig market to recover, he said. Watch the video with DC’s Alex Endress from the 2016 IADC Annual General Meeting in Scottsdale, Ariz., on 4 November for more information.

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Operators Group for Data Quality working on common data specifications

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Poor quality of real-time data at the rig site remains one of the drilling industry’s most critical challenges. It can, for example, impair the ability to measure, analyze and improve processes. The Operators Group for Data Quality has set out to improve the industry’s data quality by defining standards for the process capability requirements for...

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PSA updating barrier management guidelines to incorporate operational, organizational barriers

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Norway’s Petroleum Safety Authority (PSA) is updating its barrier management guidelines to include organizational and operational barriers, in additional to technical barriers. After PSA conducted studies and participated in a multinational audit on barrier management, the regulator concluded there is a need for a more systematic approach to barrier management. Such an approach is needed...

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