New approach replaces jetting to deepen structural casing based on fracture gradient; builds on proven, casing-drilling technology, and creates a more favorable wellbore geometry to more frequently meet well objectives.

HOUSTON , May 2, 2022 /PRNewswire/ -- Subsea Drive Corporation, in conjunction with Blade Energy Partners and Frontier Oil Tools, is proposing a Joint Industry Project (JIP), to initiate development and commercialization of a new approach to deepwater casing design.

"We felt the optimal approach for introducing this technology to deepwater operators was a JIP presenting the technology to the key players at a single venue," said Steve Rosenberg , Subsea Drive chief technology officer. "Over the past decade, we have authored several papers and industry articles receiving positive feedback from deepwater experts. We see the potential to completely replace a traditional process with something far more effective, efficient, and safer."

This approach eliminates a major deficiency of deepwater well design: shallow setting depth of structural casing, being restrained by jetting technical limitations.

Subsea Drive uses proven casing-drilling technology to replace jetting taking advantage of the rapid increase in the shallow fracture gradient. They are building a 36-in. casing-drive to enable drilling in a full string of 36-in. casing, or a tapered 36 x 28-in. string, to depths based on the fracture gradient, of 1,500 ft or more below the mudline. "This single-trip casing drilling system will eliminate one or two riserless casings, mitigate shallow hazards, push the high-pressure wellhead casing deeper, and enable favorable well geometry for expansion of the drilling operating pressure windows at deeper depths, providing a better opportunity for a successful outcome," added Jim Wakefield , Subsea Drive VP of engineering and well construction.

A meeting of prospective candidate participants, including E&P operators, drilling contractors, OEM equipment suppliers, service companies, regulatory organizations, and industry societies will be held June 29, 2022 at the Norris Conference Center, at City Centre, Houston, Texas . Contact Subsea Drive for event and registration details.

About Subsea Drive Corporation: Subsea Drive Corporation was formed in 2021 to commercialize innovative well engineering and drilling technology concepts created by a core team of oil and gas industry experts with many years of broad and deep upstream experience.

For his fourth and final "Executive Decision" segment of Thursday's Mad Money program, host Jim Cramer talked to Sanjay Mehrotra, president and CEO at Micron Technology , the semiconductor maker that trades at just five times earnings. Mehrotra repeated that all of Micron's end markets remain very strong, and they're both diversified and secular growers. When asked about slowing cell phone sales in China, Mehrotra reminded investors that while user growth in smartphones is leveling off, the transition to 5G wireless means there are more, and more profitable, chips in each device.

Billionaire Warren Buffet is one of two people in the top ten richest people in the world who has seen his net worth rise since January, according to the Bloomberg Billionaires Index. The CEO of Berkshire Hathaway ( (BRK.A) - Get Berkshire Hathaway Inc. Class A Report, is ranked number five on the index, which is a daily ranking of the world's richest people. The only other billionaire in the top 10 of the Bloomberg list is Gautam Adani, an Indian infrastructure magnate that owns real estate, commodities and power generation and transmission, whose total net worth is $102 billion and his year-to-date performance is a profit of $25.5 billion.

(Bloomberg) -- If the worst-case scenario for Germany hits, BMW AG, Mercedes-Benz AG and Volkswagen AG would struggle to paint their cars and the air across the country would get dirtier.Most Read from BloombergElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverSony PlayStation Staff Fume Over CEO’s Abortion CommentsApple Testing iPhones That Ditch Lightning Ports in Favor of USB-CUkraine Latest: US Senator Delays Aid Vote; Russia Eyes BorderElon Musk Trolls TwitterEurope’s largest econom

(Bloomberg) -- From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both US travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels. Most Read from BloombergElon Musk Sows Doubt Over His $44 Billion Twitter TakeoverSony PlayStation Staff Fume Over CEO’s Abortion CommentsApple Testing iPhones That Ditch Light

Unity Software's (NYSE: U) stock price plunged 29% during after-hours trading on May 10 following its first-quarter earnings report. On a non-generally accepted accounting principles (non-GAAP) basis, Unity narrowed its net loss from $27.3 million to $25.4 million, or $0.08 per share -- which matched analysts' expectations. For the second quarter, Unity expects its revenue to rise just 6% to 8% year over year, which broadly misses the consensus forecast for 31% growth.

You must keep up on Warren Buffett stocks: The Berkshire Hathaway chief sticks to a winning investing formula, but he does not sit still.

As you know, we did release our Q1 results last night, and all of our disclosure materials, including the press release, MD&A, financial statements are available from our website, as well as from SEDAR. Now with me are Sherritt's CEO, Leon Binedell; and Sherritt's CFO, Yasmin Gabriel, who will be reviewing our results in detail.

Despite two major reports forecasting significant demand destruction this year, oil prices climbed on Friday on renewed fears of a Russian oil ban

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Gas prices hit record highs on Friday, as consumers are grappling with soaring inflation.

Bitcoin declined nearly 4% over 24 hours and 28% this past week, while Ethereum has dropped more than 11% over the past day and 33% over the past seven days at press time.

A Finnish transmission system operator announced on Friday that a Russian energy company would be cutting off its electricity imports to Finland beginning the next day. Beginning on Saturday at 1 a.m. local time, a subsidiary of Russia’s Inter RAO firm will cut off electricity imports to Finland, Fingrid announced in a press release. “Due…

Lordstown Motors (NASDAQ: RIDE) stock is absolutely crushing the markets today. Lordstown Motors, which is on the verge of bankruptcy, was just thrown a lifeline, and the market now can't seem to keep its hands off the penny stock. Just earlier this week, Lordstown Motors shares crashed after the company warned it may not be able to close its deal with Taiwanese electronics-giant Hon Hai Precision (OTC: HNHPF), better known as Foxconn.

The Saudi Arabian national petroleum and natural gas company was valued at $2.42 trillion.

Ford Motor Co. has been around since 1903, a long-term survivor of many business cycles, several wars, and inflation and deflation. The descendants of Henry Ford can take pride in their long history, but investors in the company may have less reasons to celebrate. The daily On-Balance-Volume (OBV) line has been in a decline and that tells us that sellers of F have been more aggressive.

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Gasoline futures surged to a record close Friday, providing a lift for crude oil that erased a weekly loss. West Texas Intermediate crude for June delivery  (CL00) (CLM22) (CL) rose $4.36, or 4.1%, to finish at $110.49 barrel on the New York Mercantile Exchange, leaving it up 0.7% for the week.

Natural gas prices rose Friday after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe via a pipeline in Poland, citing new sanctions that Moscow imposed on European energy companies. The move doesn't immediately block large amounts of natural gas to Europe but intensifies fears that the war in Ukraine will lead to wide-ranging cutoffs. Gazprom said Thursday that it would ban the use of the Yamal pipeline that reaches Germany through Poland.

The crude oil markets have slammed into the top of a triangle that I have marked on the charts as we continue to see bullish pressure. The question now is whether or not we can break out?

In this article, we discuss the 10 best automotive stocks to invest in now. If you want to skip our detailed analysis of the automotive industry which highlights current trends and major players, you can go directly to 5 Best Automotive Stocks To Invest In Now. Even though the automobile sector suffered the adverse effects […]