Oil Prices Surge as Strait of Hormuz Attacks and US Inventory Draw Tighten Supply Outlook
Brent crude surges above $105 as attacks around the Strait of Hormuz coincide with a surprise 3.2-million-barrel draw in US inventories and offshore production shutdowns.
TechnipFMC Highlights Electric Propulsion Gains for Subsea ROVs
TechnipFMC has outlined how electric propulsion is changing work-class remotely operated vehicles used in subsea operations.
Baker Hughes Joins Kuwait’s Ahmadi Innovation Valley
Baker Hughes has won a multi-year contract with Kuwait Oil Company to support the Ahmadi Innovation Valley initiative.
TotalEnergies and Mistral Launch €100 Million AI Programme for Oil and Gas Reservoirs
TotalEnergies and Mistral have announced a three-year programme worth more than €100 million to develop artificial intelligence models for oil and gas exploration and reservoir engineering. Announced on 15 September, the partnership will support TotalEnergies’ geoscientists as they assess subsurface opportunities and plan field development.
SLB Introduces ExaCT Electrical Control for Coiled Tubing Interventions
SLB has introduced ExaCT, an electrically controlled downhole system for coiled tubing interventions. Launched on 24 August, the platform replaces pressure-dependent hydraulic actuation with electrical power, communication and telemetry to give intervention teams continuous visibility into tool operation.
SLB Launches Diamond-Coated Rod Pumps and Adjustable Hydraulic Gas Lift
SLB has launched two artificial lift technologies for US land operations: Harbison-Fischer Deka diamond technology for rod pump barrels and the Synthetix hydraulic gas lift system. The products address equipment wear and the need to adjust production
DNV Commercialises Equinor Wellhead Fatigue Software for Subsea Operators
DNV has agreed to acquire WellSpot, the subsea wellhead fatigue management software developed and operated by Equinor over the past 15 years. Renamed Wellhead Fatigue Manager, the platform will be operated and commercialised by DNV, with Equinor and
Elementz Opens Subsea AI Development Through Tide Breaker Digital Ecosystem
Elementz is advancing collaborative development of artificial intelligence tools for subsea operations through Tide Breaker, the innovation programme within its Blue Digital Ecosystem. The programme connects technology developers with operators to de
SLB and Aramco Scale Automated Well Construction Across More Than 450 Wells
SLB has secured four integrated well construction contracts from Aramco covering more than 450 wells in Saudi Arabia. Announced on 24 September, the awards will run for three years, with an optional extension of up to two years. The technology focus
Baker Hughes Deploys StimFORCE Technology for bp’s UK North Sea Wells
Baker Hughes has won an offshore stimulation services contract from bp for its UK North Sea operations. The agreement will use vessel-based technology to support new well development and improve recovery from mature fields. Announced on 4 September,
