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Trendsetter Engineering Successfully Completes STIM Well Projects #OilmanNEWS 2017 September-October Innovation & Technology Texas 

Trendsetter Engineering Successfully Completes STIM Well Projects

Trendsetter Engineering has successfully completed live well operations with their new 15,000 psi subsea hydraulic intervention system (referred to as STIM). The STIM system, which had previously been utilized for subsea hydrate remediation work, has now completed seven subsea projects in the GOM since November 2016, in water depths ranging from 2,500 feet to 7,200 feet. The recent live well... Read More
Clean Chemistry Issued New Patents for Water Treatment Technology #OilmanNEWS Innovation & Technology Shale Upstream 

Clean Chemistry Issued New Patents for Water Treatment Technology

Clean Chemistry, a chemical technology company, received three patents from the US Patent and Trademark Office that cover formulae, synthesis methods and use of unique oxidant chemistries. Specifically, the patents for inventions numbered 9,551,076 , 9,517,955 and 9,517,956 cover the only known production processes for large scale quantities of reactive oxygen species (ROS) in easy-to-use, liquid formulations. “Reactive oxygen species... Read More
DOE to Invest $20 Million in New Oil and Gas Research Projects #OilmanNEWS Innovation & Technology 

DOE to Invest $20 Million in New Oil and Gas Research Projects

The U.S. Department of Energy (DOE) announced the availability of $20 million for cost-shared oil and gas research projects to increase recovery efficiency from unconventional oil and gas wells and to prevent offshore spills and leaks.  This new funding opportunity seeks projects that will advance DOE’s objective to support a more environmentally responsible, secure, and resilient U.S. energy infrastructure, while... Read More
Optimizing IT Spend: Cost Cutting Alone is Not Effective #OilmanNEWS 2017 July-August Innovation & Technology 

Optimizing IT Spend: Cost Cutting Alone is Not Effective

This article is part two of a four-part series on optimizing IT costs. Past technology investments should have enabled new business improvements or efficiencies, but often come at the price of long-term operational maintenance and capital renewal increases.  Sudden pressures to reduce this cost must be weighed against impact to the efficiencies and capabilities previously delivered. Knee-jerk cuts on IT... Read More
OTC Sees Another Annual Drop in Attendance #OilmanNEWS 2017 July-August Innovation & Technology 

OTC Sees Another Annual Drop in Attendance

The Offshore Technology Conference (OTC) kicked off on April 29 at the NRG Park in Houston, Texas, and it lasted through the week of May 1-5.  The event, founded in 1969 to drive technological innovation in the ocean extraction and environmental protection industries, is one of the most well-known and well-attended networking affairs. The oil price crisis has unfortunately caused... Read More
Virtual Reality Safety Simulator Prove O&G Industry Must Not Be Complacent on Training Workers #OilmanNEWS 2017-May-June Innovation & Technology Texas 

Virtual Reality Safety Simulator Prove O&G Industry Must Not Be Complacent on Training Workers

Lloyd’s Register (LR), a leading global provider of engineering and technology-centric professional services, put delegates attending OTC 2017 in Houston, Texas, through their paces with an innovative VR Safety Simulator and gaming experience. A short video of the experience and feedback of some of the users who took part in the experience can be seen at https://youtu.be/Mb8HgXtwpXg. The new VR... Read More
Joint Venture to be Formed by Schlumberger and Weatherford #OilmanNEWS 2017-May-June Innovation & Technology 

Joint Venture to be Formed by Schlumberger and Weatherford

On March 24, Schlumberger and Weatherford announced an agreement to create a joint venture known as OneStim. According to a joint release by the companies, the venture will offer one of the widest ranges of multistage products and services in addition to a massive hydraulic fracturing fleet. “The joint-venture creates a new industry leader in terms of hydraulic horsepower and... Read More
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