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Babcock & Wilcox Signs Licensing Agreement with Ohio State Innovation Foundation
November 3, 2021
Babcock & Wilcox has signed an agreement with the Ohio State Innovation Foundation for an exclusive, worldwide commercial license for a chemical looping process and particle used for decarbonization and the production of hydrogen, steam and/or syngas, which complements B&W’s
BP Deploys Halliburton’s DecisionSpace® 365 to Streamline and Automate Well Design Process
November 3, 2021
Halliburton Company has successfully deployed its Landmark’s Digital Well Program® as a core component of BP’s Well Design Optimizer project. The Well Design Optimizer streamlines and automates the well planning process to empower users to optimize well designs for placement
Honeywell and ZoneFlow to Collaborate on Breakthrough Structured Catalyst for Hydrogen Production
November 3, 2021
Honeywell and ZoneFlow Reactor Technologies (ZFRT) have entered into a joint agreement to commercialize ZoneFlow™ Reactor Technology. This technology promises to provide a step-change improvement in the efficiency and carbon intensity of steam methane reforming for the production of hydrogen.
ConocoPhillips’ Partnership with Luna to Develop Shale Production Monitoring Service
October 20, 2021
Luna Innovations introduced a new production profiling capability based on Luna’s OptaSense fiber optic sensing products. The new capability is a result of the joint development and licensing of ConocoPhillips’ patented transient analysis technology in combination with Luna’s high-sensitivity, distributed
Schlumberger Introduces Autonomous Directional Drilling
August 20, 2021
Schlumberger has introduced Autonomous Directional Drilling, which includes solutions to steer autonomously through any section of the wellbore. Leveraging an intelligent and dynamic downhole automated control system that instantly interprets and acts on data, Schlumberger continues to advance its digital
Halliburton SmartFleet Technology Enables Real-Time Fracture Control in the Permian Basin
August 20, 2021
Halliburton Company has successfully executed its SmartFleet™ intelligent fracturing system with a major operator in the Permian Basin. “We view the SmartFleet system as a tool that provides valuable insights into subsurface fracture placement. These insights lead to informed decisions
NexTier Enters Agreement to Acquire Alamo Pressure Pumping for $268 Million
August 5, 2021
NexTier Oilfield Solutions has reached an agreement to acquire 100 percent of the ownership interests of Alamo Pressure Pumping for a transaction valuation of approximately $268 million, as further described below. The transaction is expected to be completed by August
Halliburton Launches Low Cost, Direct Fracture Monitoring Service
August 2, 2021
Halliburton Company has introduced ExpressFiber™, a single-use fiber optic cable that offers accurate, direct subsurface measurements, including cross-well communication, at a price point that enables fracture monitoring on every well pad. Understanding and optimizing well and fracture interference is a
Cold Bore Technology Closes $14 Million in Growth Financing
July 30, 2021
Cold Bore Technology has closed $14 million in growth financing. The round was led by bp ventures with participation from the Canadian Business Growth Fund (CBGF). Existing investors include the Rice Investment Group (RIG), and a $200 million multi-strategy, energy
Liberty Oilfield Services Launches Advanced Fracture Diagnostic Service
July 30, 2021
Liberty Oilfield Services has unveiled the FracSense™, a diagnostic service to help E&P customers acquire more accurate diagnostic well data to optimize hydraulic fracture completions and well spacing. Launched in partnership with OptaSense, a Luna Innovations company, the diagnostics service
