Service Companies & Manufactures

Parker Drilling Company today announced that Gary Rich has decided to retire from his roles as President, Chief Executive Officer, and Director of Parker Drilling later this year. Rich plans to remain in his current roles for an interim period to support a smooth transition. The Board of Directors will …

Global drilling and engineering contractor KCA Deutag (“KCAD”) is delighted to announce that its land drilling operation has won three new contracts in Russia worth approximately $168m.  These contracts are for eight high performance land rigs, seven of which were previously built by Bentec, KCAD’s rig and oilfield equipment manufacturer. The …

The 5th Annual KDR Well Engineering Forum We are celebrating the 5th Anniversary of the KDR on the 12th September with the largest number of delegates to date, keynote speeches from leading industry figures and panel sessions focussing on drilling, completion, well integrity, workover and production enhancement. Can you afford …

Welltec®, a world leader in the development of innovative well intervention and well construction solutions, is pleased to announce the first deployment of a truly cementless completion in the Republic of Congo during the second quarter of 2019.  Building on the experience gained through the continuous deployment of the Welltec® …

Ensco Rowan plc announced today that it will change its name to Valaris plc, effective July 31, 2019. Following its name change, the Company’s ordinary shares will trade under the new ticker symbol VAL. The name Valaris was selected following a comprehensive process that included participation from the Company’s employees …

Baker Hughes, a GE company (NYSE: BHGE) will hold a webcast on Wednesday, July 31, 2019 to discuss the results for the second quarter ending June 30, 2019. The webcast is scheduled to begin at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). A press release announcing the results will be issued at 6:45 a.m. Eastern …

Court Approves Weatherford Interim Access to up to $1.5  Billion in New “DIP” Financing Granting of “First Day Motions” Paves the Way for Weatherford  to Continue Operations in the Ordinary Course Without Disruption to Customers,  Vendors, Partners or Employees Weatherford International plc, Weatherford International Ltd., and Weatherford International, LLC (collectively, …

Drilling Systems, part of the 3T Energy Group, was selected to provide its very latest DrillSIM drilling simulators to Nabors, one of the world’s largest onshore drilling contractors, for use at Nabors’ new state-of-the-art training centre located in Kazakhstan. With seven training centres strategically located around the world, Nabors has …

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 …