Service Companies & Manufactures

Akastor ASA’s wholly owned subsidiary MHWirth AS, has today entered into agreements with Bronco Holdings LLC for the effective purchase of 100% ownership interests in Bronco Manufacturing LLC for a total consideration of USD 31.5 million. The agreements are formally entered into through MHWirth’s US subsidiary, MHWirth Inc. Bronco is …

National Oilwell Varco, Inc. today announces the sale of two 20,000-psi (20K) blowout preventer (BOP) stacks to Transocean, becoming the first oilfield equipment manufacturer to successfully design, engineer and sell such a package. NOV’s 20K BOP stack is designed to optimize uptime and reduce unplanned stack pulls, reaffirming the company’s commitment …

PJSC TMK (TMK) and PJSC NOVATEK (NOVATEK) signed a Strategic Partnership and Cooperation Agreement at the 23rd St. Petersburg International Economic Forum. Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors, and Leonid Mikhelson, Chairman of NOVATEK’s Management Board signed the document. The agreement outlines key policies and approaches for supplying TMK’s premium casing and tubing pipe to NOVATEK. The agreement introduces …

Silixa announces the launch of Carina® Subsea 4D, the permanent ultra HD in-well seismic data acquisition system for subsea wells. Installed as part of the well completion, the new engineered fibre optic system enables ultra-high definition 4D seismic data acquisition on demand along the entire subsea wellbore without the introduction of …

Kongsberg Maritime (KONGSBERG) has won its first milestone order for a major project combining KONGSBERG control and electrical systems with power, propulsion and mooring solutions. The contract is valued at approximately MNOK 350. The contract with Singapore’s KeppelFELS shipyard for a newbuild Awilco Drilling Owned Moss CS60Eco semi-submersible drilling rig …

CGG S.A. (CGG) today signed a binding term-sheet with Shearwater GeoServices Holding AS (Shearwater) for a strategic partnership for marine seismic acquisition services and creation of a new streamer technology company. The term-sheet covers the purchase of five high-end streamer vessels jointly owned by CGG Marine Resources Norge AS and …

Formation of a joint venture (‘JV’) to enable Plexus to offer oil and gas operators a full package of extensively field proven and highly qualified Plexus surface xmas trees and valves, together with its POS-GRIP® “HG” production wellhead systems The JV, Plexus Pressure Control Limited (‘PPC’), will supply Plexus with …

Mohawk Energy, the expandable tubular well solutions specialist, has received a substantial investment from private equity firm Buckthorn Partners to support its domestic and international growth ambitions. The Houston-based company provides expandable solutions in pursuit of well integrity, improved well productivity and recovery. Mohawk Energy (Mohawk) has recently completed a …

TMK and the National Petroleum Company of Congo (Société Nationale des Pétroles du Congo, SNPC) signed a Memorandum of Understanding today. TMK CEO Alexander Shiryaev and Director General of the SNPC Maixent Raoul Ominga exchanged the signed documents in the presence of Russian President Vladimir Putin and Congolese President Denis …

Shearwater GeoServices Holding AS today announced a collaboration agreement with Equinor to develop next-generation marine seismic source technology for more efficient and environmentally friendly data collection. The development is supported by the Research Council of Norway. “This collaboration targets an untapped potential of seismic sources with the goal of delivering …