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Corva to hire 100 employees to meet demand for drilling optimization platform

Corva announced that it will add as many as 100 staff to its Houston headquarters in 2019 to keep pace with demand for the company’s drilling optimization platform, currently deployed with 15 customers and 110 rigs across the US and Canada. Oil and gas producers have adopted the software startup’s technology – which combines big data, rich visualization, and monitoring by exception – to improve drilling performance and cost efficiency. The announcement comes amidst oil price uncertainty, which the company anticipates will drive demand for its products as producers turn to advanced technology to cut capital costs and sustain drilling programs. Corva launched a drilling optimization platform in 2017 that now offers drilling engineers and rig crews nearly 50 software ...

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DynaEnergetics completes field trials of new DS Trinity perforating system

DynaEnergetics, a business of DMC Global, announced it achieved a 100% success rate on field trials of its new DS Trinity perforating system. DS Trinity, which features three charges on a single plane, is a member of the DynaStage family of factory-assembled, performance-assured perforating systems. The field trials were conducted in 6-in. casing using a 4-in. outer diameter (OD) DS Trinity system...

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Rowan Viking wins contract with Lundin Norway

Rowan announced that the Rowan Viking, an N-Class ultra-harsh environment jackup rig, has been awarded a seven-well program in Norway by Lundin Norway AS for a minimum duration of 265 days. The contract is expected to commence in Q2/Q3 2020 and has four additional one-well priced options. The Rowan Viking has just completed the first well of a two-well program for MOL Norges AS in Norway and will perform a special periodic survey prior to commencing the second well with MOL, which is expected to start in April 2019 and has an estimated duration of 140 days.

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McDermott awarded EPCI subsea tieback contract for Stonefly Development

McDermott International has announced a contract award by LLOG Exploration Company for deepwater subsea pipeline tiebacks and structures from the Stonefly development to the Ram Powell platform, located approximately 140 miles southeast of New Orleans, La.  The scope of work includes project management, installation engineering, subsea structure and spoolbase stalk fabrication, and subsea installation of the subsea infrastructure to support a two-well subsea tieback from the Stonefly development site to the Ram Powell platform via a 60,000 ft, 6-in. pipeline at water depths ranging from 3,300 to 4,100 ft. McDermott will also design, fabricate and install a steel catenary riser, a pipeline end manifold and two in-line sleds. “This award demonstrates McDermott’s commitment to helping LLOG safely and competitively deliver the Stonefly ...

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BP invests in new artificial intelligence technology

BP Ventures has invested $5 million in Belmont Technology’s Series A financing to further bolster BP’s artificial intelligence (AI) and digital capabilities in its upstream business. The investment supports BP’s ongoing work exploring opportunities to apply machine learning and cognitive computing in its global oil and gas business. The Houston technology start-up has developed a cloud-based geoscience platform using AI. The platform has a string of unique capabilities, including specially designed “knowledge-graphs”. BP experts feed the platform geology, geophysics, reservoir and historic project information. It intuitively links that information together, identifying new connections and workflows, and creating a robust knowledge-graph of BP’s subsurface assets. Much like data searches available in the consumer domain, BP experts can then interrogate the data, ...

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LORD Corporation receives second edition API 16F certification

LORD Corporation is now certified to the American Petroleum Institute‘s (API) standard 16F testing for telescopic joint (TJ) packers. Testing was conducted to the second edition of API standard 16F, effective 1 May 2018, a stricter standard than the first edition in that the inner barrel must not be lubricated during testing. The TJ packers now experience more friction than in the first-edition test regimen. “Receiving the API 16F certification is a testament to the demanding conditions our TJ packers can endure,” Maggie Demicco, LORD Product Manager, said. “And with the parts in stock, it enables our customers to gain immediate access to these long-lasting packers.” The testing routine involves wear testing at 50,000 cycles with a short stroke at 25-psi ...

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New acquisition brings additional virtual reality capability for 3T Energy Group

3T Energy Group has acquired virtual reality and software specialist Neutron VR to strengthen its technological capabilities. This is the latest acquisition for 3T Energy Group, which purchased offshore trainer Survivex last year and also includes energy training specialist AIS Training and simulator developer Drilling Systems. Operating from three training centers in Aberdeen, Newcastle and Grimsby and with offices in Bournemouth, Houston, Dubai and China, the deal will help 3T Energy to advance its vision to transform training in the global energy sector through technology. Neutron’s skills will be used to enhance 3T Energy’s products and services portfolio, which includes advanced full-size and mobile simulators, v-learning and integrated software to manage training programs. All 16 personnel from Neutron VR will be retained and relocated to 3T Energy Group’s Newcastle headquarters with the ...

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