Linda Hsieh

Jun 11, 2024 | drillingcontractor.org | Linda Hsieh

IFS has entered into a definitive agreement to buy Copperleaf Technologies, a provider of AI-powered enterprise Asset Investment Planning and Management software. The combination will give customers access to advanced industrial AI-powered software to manage their assets. Over $2 trillion dollars of physical and digital assets around the world are managed using Copperleaf software, in industries like natural gas and electricity.

Jun 5, 2024 | drillingcontractor.org | Linda Hsieh

TotalEnergies announced several significant steps toward the final investment decision (FID) of the development of Block 58 offshore Suriname. The decision is expected in Q4 2024, with goals for a production startup in 2028. At the 2024 Suriname Energy Oil and Gas Summit, the company noted that FEED studies are progressing for the development of the Sapakara and Krabdagu fields.

Jun 3, 2024 | drillingcontractor.org | Linda Hsieh

In a set of ministerial meetings online and in person in Riyadh, Saudi Arabia, OPEC+ countries decided that eight of them would prolong approximately 2.2 million bbl/day in voluntary supply cuts for another quarter, to the end of September 2024. The 2.2 million bbl/day in voluntary cuts are in addition to supply restraints imposed by mutually agreed output quotas or required production levels for 2024 for all participating OPEC+ members. Those quotas for the remainder of the year have not changed.

Jun 3, 2024 | drillingcontractor.org | Linda Hsieh

BW Energy has concluded the drilling and the logging of the DHIBM-7P pilot well, confirming a substantial oil discovery with good reservoir quality and a material uplift to the Hibiscus area. The discovery on the northern flank of the Hibiscus field, on the Dussafu Licence offshore Gabon, had initially been announced on 20 May. The company’s preliminary evaluation indicates an increase in Hibiscus gross recoverable reserves (mid-case) of approximately 8 million to 12 million bbl of oil.

Jun 3, 2024 | drillingcontractor.org | Linda Hsieh

GD Energy Products (GDEP) launched its new Redline+ Packing for hydraulic fracturing, providing a significant improvement in packing performance life over the company’s standard Redline Packing. It features new materials and enhanced geometry to exceed industry standards and optimize performance in high-pressure environments. The technology pumped more than 160 million lbs of sand prior to failure, while also reducing operational downtime.