Founded in 2014, Fracture ID offers a new service called “drill bit geomechanics” that could become an early warning system for frac hits caused by pressure and hydrocarbon depletion from older producing wells.
Ajay Kshatriya from Biota discusses how medical innovations, utilizing DNA Sequencing, bring new insights to oil and gas at the most recent CERAWeek.
Dhahran, Saudi Arabia; and Trebur, Germany. March 22nd, 2018 – Flowcastings GmbH., a leading Germany-based innovator in turbine blade manufacturing, today announced that it has added Saudi Aramco Energy Ventures (SAEV) to its shareholder base. SAEV is the corporate venturing subsidiary of Saudi Aramco, a global integrated energy and chemicals company. SAEV led a Series C round, which also included Flowcastings’ existing investors Energy Innovation Capital and Eastern Sun Capital.
Biota Technology, the oilfield DNA sequencing pioneer, has achieved a critical milestone on its path to commercialization: the diagnostic has been deployed by a majority of the top 20 US shale producers in the United States. Biota continues to attract top-tier investors, recently closing a multi-million dollar Series B financing led by Illumina Ventures.
HOUSTON—U.S. shale plays have undoubtedly transformed the oil and gas sector, sending production to new highs. But looking at recovery rates, everyone knows it could be better.
Eyeing recovery factors between 5% and 10% for some shale wells, Comitt Well Solutions—an oil and gas startup based in the Houston suburb of Katy, Texas—found a niche to attack. Eivind Moen, the company’s co-founder and business development manager, told a roomful of people gathered at Rice University that the company decided to focus on downhole tool technologies to increase recovery. Its first product targeted the refracturing market.
The intervention tool, called Excite, allows users to pinpoint a fracture and restimulation of existing and newly added perforation clusters.
Core Laboratories, a leading provider of proprietary and patented Reservoir Description and Production Enhancement services, and Fracture ID, a Denver-based oil and gas technology company, have launched the Horizontal Reservoir Characterization Consortium – Midland Basin to investigate geologic controls on variability in well production.
Vor fünf Jahren in Erlangen gegründet
Begonnen hat FLC Flowcastings in Trebur vor vier Jahren mit 21 Mitarbeitern, derzeit sind es 45. Eine Verdopplung ist für nächstes Jahr geplant.
Mit dem Umzug in die neu gebaute Halle stehen FLC dann 5500 Qudratmeter Fläche zur Verfügung, fast doppelt so viel wie jetzt.
In einem Jahr soll mit 24 CNC-Fräsern und zwei Gießöfen gearbeitet werden. (dev)
FLUENCE ANALYTICS RAISES SERIES A FINANCING
Energy Innovation Capital Leads Series A Investment Round
(New Orleans, LA, USA) ‒ Fluence Analytics, formerly Advanced Polymer Monitoring Technologies (APMT), announced today it has raised a Series A funding round led by Energy Innovation Capital (EIC), a venture capital firm that invests in growing companies in energy innovation. Fluence Analytics products optimize efficiency, cost and quality of manufacturing and R&D processes in polymer and biopharmaceutical industries. Analysis of the confluence of realtime data generated by the company’s products allows customers to produce materials at the lowest cost with the highest quality and yield, all while minimizing environmental footprint.