Donation solidifies UL's position as leading petroleum research center
Petroleum engineering students at UL Lafayette are now equipped with a multi-million dollar software package that fives them access to the same exploration and production modelling in use by the oil and gas industry. Oilfield services company Schlumberger donated the $17.5 million dollar package to the department, including 17 licenses of ECLIPSE Parallel, a software created by Schlumberger that simplifies oil and gas reservoir simulation. The gift also includes licenses for other software devoted to seismic interpretation, geologic modeling and economic analysis of the oil and gas industry.
Already, 30 undergraduate students majoring in petroleum engineering have used ECLIPSE in their senior design projects.
With exploration and drilling costs on the rise, such software has become critical to cost management. “As the reservoirs in the U.S. and other areas of the world mature,” notes Dr. Ali Ghalambor, director of UL’s Energy Institute, “we need to have additional sophisticated tools to look into reservoir potentials and explore the possibility of finding new petroleum resources as well as getting more out of existing reserves.”
Frank’s Casing Crew, now doing business as Frank’s International, will make its final appearance on ABiz’s list of the Top 50 Privately Held Companies in Acadiana this year, and once again it will likely be at the top with more than $1 billion in annual revenues. The 75-year-old company specializing in tubular fabrication and installation services to the oil and gas industry plans to offer shares of its stock to the public for the first time.
The defeat, or rather highjacking of House Bill 420 in the final days of this year's Legislative Session, say Reps. Vincent Pierre and Terry Landry, is the result of the propaganda spread by one unidentified local media outlet and an unnamed former state Representative, but nothing to do with the original legislation's lack of checks, balances or details.
He’s a singer. A songwriter. A piano man. A family man. He’s even got his own Wikipedia entry. He’s David Egan. And he knows ancient secrets about the monolithic stones of Stonehenge that he’s not willing to share.