Service Companies & Manufactures

Oslo, Norway, PGS sells the fiber optic permanent reservoir monitoring solution, OptoSeis, to Geospace Technologies. Terms of the transaction include an initial cash payment at closing of $1.8 million and contingent cash payments of up to an additional $23.2 million over a five-and-a-half year earn-out period. The contingent cash payments …

Concert well testing performance real-time technology delivers actionable information for better decision making and safer operations Schlumberger today introduced Concert* well testing live performance technology at the Abu Dhabi International Petroleum Exhibition & Conference. The new technology brings real-time surface and downhole measurements, data analysis, and collaboration capabilities to well …

On September 25th, Core Lab acquired the shares of Guardian Global Technologies, a company based in Pyle, Wales in the United Kingdom. Guardian, with over 20 years of experience, is a technologically sophisticated designer and manufacturer of downhole instrumentation utilized by international oil and gas operators for well completions. Guardian’s …

Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces its preliminary results for the year ending 30 June 2018. Financial Results Following the completion on 1 February 2018 of the sale of Plexus’ wellhead exploration equipment …

Saltel Industries, records 100% success with its External Casing Packer (ECP), in off-bottom cementing application in Western Siberia. The client, one of the biggest operators in Russia, holds numerous oil fields in West Siberia region, around the city of Novi Urengoy. These fields represent a significant share of its overall …

Halliburton Company, founded in 1919, is kicking off its 100th anniversary celebration by ringing The Opening Bell® today at 9:30 a.m. Eastern Daylight Time. Halliburton President and CEO Jeff Miller will be joined at the event by Halliburton Executive Chairman Dave Lesar and other members of Halliburton management. “Reaching our …

The oil and gas industry requires strong, durable work boats with a long serviceable life. Marsol International Limited have access to a family of workboats made from  High Density Polyethylene (HDPE), a material known for its versatile strength and long-lasting durability, which are ideally suited to the harsh working conditions …

Halliburton Company (NYSE: HAL) today released Cerebro™ in-bit sensor package, a new technology that obtains performance data directly from the drill bit and analyzes it to optimize cutter engagement, reduce uncertainty and increase drilling efficiency. This new service improves data measurement and overall drilling performance. Cerebro provides an unprecedented view …

Emerson has announced the release of Roxar Tempest™ 8.3, its integrated reservoir engineering suite that offers tools for advanced reservoir management and flow simulation. The latest release takes automation a step further and focuses on increasing user productivity, for a superior understanding of the reservoir and its potential for return …

Nabors Industries Ltd. today reported third quarter 2018 operating revenues of $779 million, compared to operating revenues of $762 million in the second quarter, a 2% increase.  Net income from continuing operations attributable to Nabors common shareholders for the quarter was a loss of $105 million, or $0.31 per share, …