GD Energy Products (GDEP), a total solutions provider for the frac, drilling, and well servicing pumps market, and Catalyst Energy Services, an emerging stimulation service company specializing in hydraulic fracturing treatment, announced on Jan. 10 their partnership to bring high horsepower, lower emissions technology to hydraulic fracturing. Together, the companies commit to applying their innovations […]
SLB Acquires Gyrodata Ltd.
(Business Wire) SLB announced Feb. 3 its completed acquisition of Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction incorporates Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions. This combination will improve wellbore quality and reduce drilling risk to unlock remote […]
O&G Robotics to Grow Tenfold by 2030
The single major advantage of robotics is automation, which drives other improvements in efficiency, productivity, and safety. Automation enables extensive inspection and maintenance tasks to be conducted while feeding back data to help limit operational costs and improve efficiency. Advances in modular and customizable robots will result in growing deployment of robotics in the oil […]
Four Steps to Refill Your Team’s Energy Tank
By Laurie Guest There’s never a perfect time to pause your day-to-day work and focus on the internal team, but when you do make the effort, the dividends are immediate. Setting aside an hour, a half-day, a two-day retreat or anything you can manage as a team will provide the opportunity to gather together, grow […]
Production Climbs in Lower 48
U.S. crude oil production grew steadily in 2022 thanks to increased energy demand in the United States and internationally. GlobalData noted that the majority of this production has been conducted in the Lower 48 (L48) region, which represented nearly three-fourths of total production. The data and analytics company notes that this upward swing is expected […]
Baker Hughes Added to Nasdaq-100
Baker Hughes (NASDAQ: BKR), an energy technology company, announced in December it has been added to the Nasdaq-100 Index, the top 100 largest domestic and international non-financial companies on The Nasdaq based on market capitalization. Nasdaq announced the inclusion on Dec. 9, which became effective prior to market open on Dec. 19. “We are proud to be included in […]
What Will They Optimize Next?
Wellsite “optimization,” which might be thought of as the intersection of pump activity and computer science, has just taken another step. On Dec. 1, ChampionX released new-generation software that manages wellsite surveillance and chemical optimization, in addition to its core package of artificial lift controls. The effort is ChampionX’s release of its XSPOC production optimization […]
Methane Capture Increasingly Economic
Current natural gas prices, including record high global prices, and renewed concerns for energy security are making projects that capture and commercialize vented, fugitive, and flared methane increasingly economic, with the potential to lower emissions and unlock substantial new supplies of gas, a new analysis by S&P Global Commodity Insights finds. The analysis examined 6 key regions—North […]
Polymers Plant to be World’s Largest
Corpus Christi Polymers’ (CCP) new petroleum derivatives processing and manufacturing plant in Texas will become the largest in the United States and even in the world once it’s fully operational, producing 1.1 million tons of polyethylene terephthalate (PET) and another 1.3 million tons of purified terephthalic acid (PTA) materials. This new plant will represent an […]
One Million and Counting
by Dr. M. Ray Perryman Job openings in Texas as of September reached an all-time high at 1,026,000. According to data from the U.S. Bureau of Labor Statistics (BLS), the state has once again topped one million openings after a few months below that level (initially reached in June). Last September, there were 855,000 openings […]
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