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BP Signs License Agreement with Weilian Chemical for Its PTA Technology
June 10, 2020
UK-based oil and gas company, BP has signed a license agreement with Weilian Chemical, a subsidiary of Dongying United Petrochemical, for the production of purified terephthalic acid (PTA) production technology. Weilian Chemical is planning to build a 2.5 million tonnes
Weatherford Unveils Velox™ Wellhead System
June 8, 2020
Weatherford International plc announced the Velox™ wellhead system, a best-in-industry solution for operators needing to lock in pressure integrity while enhancing safety and improving efficiency. Velox delivers unmatched isolation between casing strings with quick-connect components that maintain pressure control, reduce
Nautilus Data Technologies Closes $100 Million Capital Partnership with Orion Energy Partners
May 28, 2020
Nautilus Data Technologies has closed a multi-draw, senior secured debt facility with Orion Energy Partners for the commissioning of a 6.0MW colocation data center located in Stockton, California and construction of additional data center projects in the Nautilus pipeline. Nautilus
AlefEdge and Trilogy Partner for Rural Cloud Initiative Bringing the Edge to Oil & Gas Operations
May 21, 2020
AlefEdge is joining the Rural Cloud Initiative (RCI) as an Edge Innovation Partner. Founded by Trilogy Networks, RCI is a coalition of rural telecom operators and technology providers committed to promoting and accelerating the digital transformation of rural America. By
Encamp Secures $3.1 Million in Series A Funding to Fuel Product Development
May 21, 2020
Encamp has raised $3.1 million in Series A funding, led by Allos Ventures and High Alpha Capital, with participation from IU Ventures. Funds will be used to expand the development of the Encamp platform. Along with their investment, David Kerr,
Emerson and QRI Team Up to Develop AI-Based Analytics to the Global Oil and Gas Industry
May 19, 2020
Emerson and Quantum Reservoir Impact (QRI) have teamed up to develop and market next-generation applications for artificial intelligence (AI)-based analytics and decision-making tools customized for oil and gas exploration and production (E&P). Together, the two E&P software industry leaders will
Capgemini’s SAP S/4HANA-Based Solutions for Oil and Gas Industry Now Optimized for Microsoft Azure
May 14, 2020
Capgemini said that its EnergyPath and READYUpstream solutions for the oil and gas industry are now optimized for Microsoft Azure. The cloud platform provides security, scalability, and agility for these widely adopted solutions to help organizations drive growth through streamlined
Wood Adopts Connected Worker Solution Enabled by Honeywell Forge for Business Continuity
May 12, 2020
Honeywell’s Forge Workforce Productivity is being adopted by Wood, a global leader in consulting, projects and operations solutions in energy and the built environment. The connected worker solution enabled by Honeywell Forge helps improve decision-making, boost productivity and enhance safety
GSE Solutions Supports Royal Dutch Shell with On-Demand Simulator Learning Software
May 12, 2020
GSE Solutions has entered a five-year software subscription of its EnVision cloud-based simulator learning software to Shell for $1.65 million. Shell has been a global user of GSE’s locally installed EnVision simulations and tutorials for refining system operations since 2005.
Basic Energy Services Launches Automated Water Management Solution With Major Permian Client
May 12, 2020
Basic Energy Services has successfully tested an automated water management solution with a major U.S. operator. The solution provides a step change in efficiency, allowing the client to simply manage their water volumes within their existing internal dispatch system, while
