Service Companies & Manufactures

International oilfield services company Expro has acquired 100% of the equity of technology company Quality Intervention AS (QI). The Norwegian-based company was founded in 2008 and provides a portfolio of innovative products and services – coiled tubing technology (CoilHose), annular integrity technology (WellSpring) and innovative in-situ wellhead remediation tooling (MultiTool). …

Financial Restructuring Implemented through “Pre-Packaged” Chapter 11 Process Will Reduce Company’s Long-Term Debt by More Than $5.8 Billion Proposed Restructuring Contemplates $1.75 Billion in New Financing and up to $1.25 Billion in Additional Post-Emergence Financing Weatherford Operations Are Continuing Without Interruption and With No Expected Impact on Customers, Vendors, Partners …

Baker Hughes, a GE company and C3.ai today announced a joint venture agreement that brings together BHGE’s fullstream oil and gas expertise with C3.ai’s unique AI software suite to deliver digital transformation technologies that will drive new levels of productivity for the oil and gas industry. This press release features …

Archrock to acquire Elite Compression Services, including approximately 430,000 of primarily large compression horsepower1 for total consideration of approximately $410 million Approximately $55 million of annualized adjusted EBITDA2, including $5 million in expected synergies In conjunction with the transaction, Archrock to sell approximately 80,000 active and idle non-core compression horsepower …

TMK announces that the Annual General Meeting of Shareholders (AGM) was held in Yekaterinburg, Russia, on June 20, 2019. The AGM took the decision not to distribute profits for the full year 2018 in the form of dividends. However, at the Board of Directors meeting held on May 24, 2019, the decision …

TMK today announces decisions taken by the Board of Directors at a meeting held on June 21, 2019. Dmitry Pumpyanskiy was re-elected as the Chairman of TMK’s Board of Directors. The Board of Directors has elected Igor Korytko, Vice President for Efficiency Management of TMK, as the CEO of the …

Aberdeen-headquartered Exceed, a well management and performance improvement specialist, has announced the acquisition of Lowestoft-based Managed Pressure Resources (MPR), adding managed pressure drilling engineering and supervisory services to the Exceed portfolio. Currently representing operators, drilling contractors and service companies of varying size and capacity, MPR brings a team of individuals …

Well construction specialist, DeltaTek Global, has announced the successful completion of its first SeaCure deployment for Total E&P UK. Located in the energy major’s Ballindalloch oil field, this workscope was the first 20-inch surface casing SeaCure job completed in the North Sea. SeaCure was deployed from the Ocean Valiant mobile …

Royal Boskalis Westminster N.V. (Boskalis) has been appointed as the salvor for both tankers that were hit yesterday morning in the Gulf of Oman in a suspected attack. Shortly after the incidents the insurers of both vessels appointed Boskalis subsidiary SMIT Salvage to salvage the vessels and their cargo. The …

Field-proven Treatment Removes Drilling Damage Caused by OBM Drill-in Fluids  Cleansorb, a leading provider of patented chemical well treatments that enhance hydrocarbon production for the international oil and gas industry, today announced that following a series of successful ORCA™ for OBM treatments on offshore oil production wells and a water injection well …