Industry News

SLB, SBM collaborate on digital solutions to improve uptime performance

SLB and SBM entered into an exclusive digital alliance to optimize the performance of offshore production systems. The companies will create an AI-powered digital ecosystem that improves uptime performance and reduces total cost of ownership for offshore operators.The digital ecosystem will allow offshore asset operators across operations, maintenance and engineering to identify and resolve emerging […]

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Petrobras awards Halliburton deepwater contracts in Brazil

Petrobras awarded multiple contracts to Halliburton to provide vessel stimulation, intelligent completions and safety valves in Brazil’s deepwater fields after a competitive process. The contracts are expected to begin in 2026.In the Búzios field, Halliburton will deploy its SmartWell completion technology to enable real-time reservoir management. For the Séepia and Atapu fields, Halliburton will provide

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Hunting signs OCTG contract for offshore Guyana

Hunting executed a $20 million contract to deliver oil country tubular goods (OCTG) accessories to support deepwater drilling operations offshore Guyana. The contract supports a leading operator in the Stabroek Block. Deliveries are now under way.High-specification accessories are engineered to withstand the extreme pressures and environmental conditions typical of complex well completions, ensuring structural integrity

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Weatherford launches Industrial Intelligence

Weatherford launched Industrial Intelligence, a digital portfolio, at the company’s FWRD 2025 Technology Conference in Houston. Weatherford Industrial Intelligence delivers actionable insights for end users from engineers to executives.Weatherford is also advancing its Synsera Unified Data Model, which normalizes multi-asset, multi-generation metadata across operations into a structure of the customer’s choosing. By combining operational and

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Transocean ultra-deepwater drillship options exercised for $243 Million

Transocean announced contract fixtures for two of its ultra-deepwater drillships. In aggregate, the fixtures represent approximately $243 million in firm contract backlog.In the US Gulf of Mexico, BP exercised a 365-day option for the Deepwater Atlas in direct continuation of its firm contract. The program is expected to contribute approximately $232 million in backlog.In Brazil,

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