Service Companies & Manufactures

Baker Hughes, a GE company today announced an agreement to sell its Natural Gas Solutions (NGS) business to two separate entities, First Reserveand Pietro Fiorentini S.p.A., for a combined value of $375 million. NGS is part of BHGE’s Turbomachinery & Process Solutions (TPS) segment, providing commercial and industrial products such as gas meters, …

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. 2Q 2018 shipments data is preliminary and can be adjusted. TMK, one of the world’s leading producers of tubular products for the oil …

New Rotaflex Design Reduces Lifting Costs and Accelerates the Transition to High-Performance Rod-Lift Weatherford International plc announced the commercial release of a new Rotaflex® long-stroke pumping unit that improves artificial-lift efficiency in challenging applications including deep, high-volume and high gas-to-liquids wells. The new Rotaflex design extends the functionality of a …

Global integrated subsea services business, Kreuz Subsea, has announced the appointment of Thomas Liew as the group’s chief financial officer. His arrival completes the company’s reorganisation phase of its international growth strategy. Mr Liew has more than 20 years’ experience in senior financial positions, leading multi-entity organisations in the Asia …

Subsea electrical systems face a number of risks to their integrity. The cost of a failure of such a system can run into millions in terms of lost production and repairs. The return on investment of a system that can maximize system availability and integrity can, therefore, be rapid. Modern …

In preparation for the launch of our fully mobile hardbanding range, SkyeGo, Hardbanding Solutions have this week been working with Urbancroft, a multi-award winning film production company. Three training films will be shot; ‘Health and Safety and Set Up’, ‘Standard Hardband Application’, and ‘Remove and Repair’. We hope this series …

BAAR, a subsidiary of Weatherford International plc has signed a definitive agreement with ADES International Holding Ltd. for the sale of Weatherford’s land drilling rig operations in Algeria, Kuwait and Saudi Arabia as well as two idle land rigs in Iraq, for an aggregate cash purchase price of $287.5 million. …

Archrock, Inc. have announced that Douglas S. Aron has been appointed Senior Vice President and Chief Financial Officer, effective August 13, 2018. Mr. Aron, 44, brings extensive energy industry experience, previously serving in various senior roles at HollyFrontier Corporation and its predecessors for more than 15 years, including as Executive Vice President and Chief Financial …

NOV recently launched the Tolteq™ iSeries near-bit sub (iNBS), which is a near-bit tool that provides real-time inclination and azimuthal gamma data for geosteering applications. The dynamic inclination measurement from the iNBS tool allows for continuous monitoring of well-trajectory progression while drilling. The iNBS tool connects with our Tolteq iSeries …

BHGE’s Turbomachinery Process & Solutions team is ready to ship the first in a series of 5 modules assembled at our Avenza yard in Italy, for the TENGIZ project. This first one, weighs more than 3,500 tons and is approximately 60m long, 15m width and 25m high. It was moved …