Ensco plc Announces Amendment to Transaction Agreement with Rowan Companies plc
Reaffirms Commitment to Create Larger, More Diverse Offshore Driller Reiterates Strategic and Financial Benefits of Combining with Rowan Increases Anticipated Annual Expense Synergies to $165 Million Well Capitalized with Liquidity of $3.7 Billion Accretive to Cash Flow Per Share in 2020 Ensco plc today announced that the Company has entered …
BHGE Commits to Reducing CO2 Equivalent Emissions to Net Zero by 2050 and Partnering with Customers to Advance Low Emissions Technologies
At its 20th Annual Meeting in Florence, BHGE makes commitment to reduce CO2 equivalent emissions 50 percent by 2030 and achieve net zero by 2050 BHGE will support customers’ efforts to reduce the carbon footprint of their operations by investing in its portfolio of lower carbon products and services New and future …
Weatherford Introduces Expanded Foresite® Optimization Platform
Weatherford International plc announced a major enhancement to the ForeSite® production optimization platform. Among the top features of the new release is expanding predictive failure analytics to electric submersible pumping systems (ESPs) and adding complete optimization capabilities for plunger-lifted wells. The platform expands on industry-exclusive capabilities in reciprocating rod lift …
Tenaris Completes Acquisition of Significant Stake in Saudi Steel Pipe Company
Tenaris S.A. announced today that it closed its previously-announced acquisition from a private group of 47.79% of the shares of Saudi Steel Pipe Company, a welded steel pipes producer listed on the Saudi stock market, for a total amount of SAR 529.8 million (approximately US$141 million). SSP’s facilities are located in the Eastern Province of the Kingdom …
Deep Casing Tools: Launches Drill Pipe Swivel
Mechanical Locking Mechanism The Drill Pipe Swivel tool can be run on any string where potential problems exist in reaching target depth due to torque and drag issues – typically in long, horizontal extended reach drilling (ERD) wells. The Drill Pipe Swivel enables the drill pipe to be rotated above …
Novomet: New Foundry Fully Operational
New Novomet foundry capable of manufacturing 20,000 ESP stages per month Novomet increased its ability to cast, form, and ship electrical submersible pump (ESP) stages to 20,000 per month. Beginning in October 2017, Novomet began transitioning away from third-party suppliers to its own internal foundry. The goals of the foundry are to …
The New Roxtec Fire Laboratory is Up and Running
Cable and pipe seal provider Roxtec has more than doubled its fire resistance testing capacity. The new laboratory creates conditions for continuous development of safety products. “Our new fire lab fulfills the three goals of the investment,” says Mikael Helmerson, CEO of Roxtec. “It provides a very good working environment …
TMK Announces FY 2018 Operational Results
The following contains forward-looking statements concerning future events. These forward-looking statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. 4Q 2018 shipments data is preliminary and may be adjusted. TMK, one of the world’s leading producers of tubular products for the oil …
Schlumberger to Abandon Russia’s EDC Bid if Approvals Not Met Soon
Schlumberger NV (SLB.N) said on Friday it would withdraw its application for the acquisition of a stake in Russia’s Eurasia Drilling Company (EDC) if it is not successful in getting approvals soon. Schlumberger said it would buy a stake in EDC, Russia’s largest oilfield services provider, back in 2017. “Unfortunately, …
RESMAN Grants Global Patent Licence to Tracerco
RESMAN AS and Tracerco, a subsidiary of Johnson Matthey Plc, have entered into a global patent licence agreement under which Tracerco will have the right to conduct commercial business based on RESMAN’s industry-leading inflow monitoring patent portfolio. The agreement follows a mutually agreed decision for the two companies to discontinue …