Caution leads the way as Canada’s oil industry seeks to find the balance between burgeoning global needs for its ethically and sustainably produced energy and increasingly punitive policies from Ottawa that threaten industry’s ability to meet demand.
Applying Gen AI for Drilling Optimization: Insights from a Real-World Implementation
October 18, 2023
Drilling Activity generates a significant amount of data. This data is typically captured across a variety of sources such as time and depth series data from geological surveys and drilling operations, unstructured data from End of Well reports, and structured data from internal IT systems. To date, synthesizing this data into a usable format and generating actionable insights has been a challenge. In this talk, we present results from a fielded Gen AI solution that synthesizes data from our historic drilling wells in Romania and provides a natural language interface for drilling experts to interact with. Additionally, it provides recommendations for optimizing well design and performance parameters based on past results. Our goal is to reduce project costs by streamlining information discovery and improve decision accuracy by leveraging data-backed insights.
September 25, 2023
The PulseStar service uses telemetry for remote operations to minimize human interaction and enhances on-bottom drilling time.
September 20, 2023
Halliburton’s BaraFLC Nano-1 sealant uses nanoparticles to reduce interaction between filtrate and reactive shale formations, preventing pore pressure transmission. This helps strengthen wellbore integrity, which can extend drilling time and efficiency.
September 18, 2023
The GuideStar service enhances well delivery by increasing the understanding of the centerline wellbore placement and reducing survey time.
Geology while drilling: Digital enabler for Sustainable Energy
October 25, 2023
Geological evaluation of subsurface is an essential component of formation evaluation that connects well-centric data to reservoir scale. Recent technology breakthroughs in logging-while-drilling (LWD) borehole imaging and advanced surface logging have attracted substantial attention of the energy industry, more so for possible applications in sustainable energy initiatives. Digital innovations have led to development of smart and efficient solutions that can be made available in real-time for strategic decisions as the well gets drilled. Geology while drilling is taking the center stage from picking mineralogy on cuttings to inferring depositional architecture and structural framework with image logs with deep learning workflows and artificial intelligence embedded in the tools. Geothermal, hydrogen exploration and carbon sequestration all can benefit with these digital innovations in geology while drilling.
Energy Workforce & Technology Council launches well control course to improve oil, gas industry safety
September 13, 2023
SecureWell is the first industry training to teach proper selection, installation and use of primary barriers when working in a live hydrocarbon environment.
September 12, 2023
The total includes 710 to drill new oil or gas wells, 8 to re-enter plugged wellbores and 92 for re-completions of existing wellbores.
September 10, 2023
Eliminating the need to transport drilling waste long distances for treatment, the RotoMill 2.0 processes drilling waste at the wellsite. The solution recovers oil, water and solids from drill cuttings, allowing the reuse and recycling of all materials from the drilling waste.
September 10, 2023
The number of operating oil rigs is about 17% lower than at the start of 2023, meaning it would take several weeks of steady increases to make back this year’s reductions.
September 07, 2023
By connecting Corva’s industry-leading App Store and Dev Center to Nabors universal rig controls and automation platforms – SmartROS® and RigCLOUD® – the players aim to bring a whole new level of intelligence and performance to drilling rigs.
September 07, 2023
According to AIDEA, this latest action by the Department of the Interior shows arbitrary disregard for federal law, based on campaign trail rhetoric.
August 29, 2023
Borr Drilling Limited announced that its premium jack-up rigs, Prospector 5 and Natt, have received a Letter of Award for work in West Africa, in direct continuation of their current contracts.
August 15, 2023
Total consideration for the acquisition, on a cash-free, debt-free basis, included $370 million of cash and 34.9 million shares of Patterson-UTI common stock.
August 09, 2023
During an extensive drilling program, the SABER system met the test objectives, successfully generating steering forces to change the trajectory of a well (generating dogleg) in typical reservoir rock conditions.
August 08, 2023
Bringing over 10 years of well planning and engineering experience in the drilling sector, Rocio Hoz Cano will be responsible for solving clients drilling dysfunctions through the implementation of Paradigm specialist drilling solutions.
Integrating AI and Rig Automation to consistently drive high-performance drilling efficiency across operations
September 06, 2023
Corva and Nabors Industries
Discover how Nabors Industries and Corva are transforming the drilling industry with data and automation in this exclusive webinar. Nabors Industries is a global leader in drilling and rig services, and Corva is a pioneer in real-time drilling analytics. Together, they have developed cutting-edge solutions to optimize drilling performance, enhance safety, and reduce environmental impact. In this webinar, you will learn about the current trends, challenges and opportunities in the global oil market, and how Corva and Nabors can help you achieve your drilling goals with data, cloud computing, and artificial intelligence.
July 31, 2023
Rigs drilled 14.7 thousand kilometers of production wells in Russia from January to June, 6.6% more than planned and 8.6% more than the same period in 2022, according to data seen by Bloomberg.
July 28, 2023
A preliminary evaluation indicates potential recoverable resources of approximately 28 MMboe. After full development of the discovery, OMV expects its natural gas production in Austria to increase by 50%.