Halliburton has announced the release of Geometrix™ 4D Shaped Cutters, a line of four distinct geometric profiles to help improve cutting efficiency and increase control to reduce drilling costs.
The multi-million dollar project includes the recently completed project management, fabrication and construction of approximately 60 miles of 12 in. and 8 in. pipeline for the gathering system.
Vallourec has announced that after negotiations run with the US oil services company National Oilwell Varco (NOV), it has received a binding offer for the purchase of Vallourec Drilling Products business, for a total cash amount of US$63 million.
The scale of the project will require US$35 billion with the first phase costing US$6 billion representing a landmark agreement for Genoil.