Page 19 - NorthAmOil Week 45
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NorthAmOil                                 NEWS IN BRIEF                                         NorthAmOil







       Pass trains 3 through 18 and then 36 identical   the transaction were not disclosed.  the provision of advanced data collection
       trains for Plaquemines LNG.”           Innovex and Rubicon are both leading   on compressors and engines in real time.
         Executive co-chairman Bob Pender added,   providers of innovative products, technologies   Leveraging leading edge cloud technologies
       “The completion and delivery of our first two   and technical services for the oil and gas   and big data, customers can now access
       liquefaction modules demonstrates the first-  industry. Together, the combined business   their fleets’ metrics and performance trends
       class execution and collaboration inherent   establishes an expansive and robust global   and engage our in-house experts to analyse
       in our long-term relationship with Baker   platform, with a technology portfolio   and interpret data all while maximising
       Hughes. Despite the effects of COVID-19   spanning drilling, well construction,   compression reliability and production.
       and multiple Gulf Coast hurricanes, we will   completion, production and intervention. This   The Helix digitally enhanced compression
       now begin installing these trains ahead of the   transaction combines Innovex’s dynamic US   system delivers real-time remote monitoring
       contracted schedule. This is a leap forward in   operation with Rubicon’s broad international   and control of compressor fleets. The system
       LNG infrastructure development.”    strength to create a global platform capable of   communicates at significantly higher fidelity
       VENTURE GLOBAL LNG, November 10, 2020  sustained growth in a low commodity price   rates, streaming data 1440 times faster
                                           environment.                         than our current telemetry solution. Helix
                                              By leveraging the highly complementary   digitally enhanced compression uses big
       SERVICES                            product portfolios and geographic footprints   data to improve performance, reliability, and
                                           of Innovex and Rubicon, the combined   predictive maintenance.
       Innovex Downhole                    business will deliver greater value to its   real time visibility into the performance
                                                                                  “Not only do customers benefit from
                                           customers and greater opportunities for its
       Solutions to acquire                employees.                           of each compressor unit, our partnership
                                                                                is expected to further improve operating
                                              Leadership of the combined business
       Rubicon Oilfield                    will include current executives from both   margins by allowing our field personnel to
                                                                                apply predictive maintenance best practices to
                                           companies, and will be led by Adam
       International, establishing         Anderson, CEO of Innovex, operating under   enhance run time and minimize down time,”
                                                                                said Roy McNiven, senior vice president of
                                           the Innovex brand.
       leading independent                 INNOVEX DOWNHOLE SOLUTIONS, November   operations. “Currently we have completed
                                                                                approximately 25% of the hardware upgrade
                                           10, 2020
       global provider of high             CSI Compressco introduces            roll outs on our high horsepower compressor
                                                                                units and expect to be fully deployed by the
       value oilfield products and         digitally enhanced                   end of 2021.”
                                                                                  As part of our Helix digitally enhanced
       technical services                                                       compression development, CSI Compressco is
                                                                                the only oilfield services company to partner
       Innovex Downhole Solutions announced   compression telemetry             with Houston’s Rice University D2K program,
       today that it has entered into a definitive   system                     a partnership specifically designed to analyse
       agreement to acquire Rubicon Oilfield                                    big data and develop machine learning models
       International. The transaction is expected   CSI Compressco today introduced Helix™   that enhance current predictive maintenance
       to close in early 2021 and will create the   digitally enhanced compression, a custom   programmes.
       industry’s leading independent well-centric   telemetry system leading a step change   CSI COMPRESSCO, November 10, 2020
       products and technology company. Terms of   in compression and reliability through


































       Week 45   12•November•2020               www. NEWSBASE .com                                             P19
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