Service Companies & Manufactures

Forum Energy Technologies, Inc. announced today that as part of its continued succession planning process, the company has appointed Pablo G. Mercado to serve as Senior Vice President and Chief Financial Officer effective March 1, 2018. James W. Harris, the current Chief Financial Officer, has been leading the Drilling and …

Xodus Group, the engineering and advisory consultancy is welcoming Subsea 7 as a new shareholder. Subsea 7, which will add value through its subsea expertise and experience, has agreed to acquire a 60% interest and existing shareholder, Chiyoda Corporation of Japan, will retain a 40% percent interest. With support from …

Weatherford International plc today announced a new software release for its ForeSite production optimization platform, which combines physics-based models with advanced machine-learning data analytics to improve performance across conventional and unconventional oil and gas assets. The new release builds on the platform’s existing capabilities, which include optimization support for reciprocating …

TMK, the world’s biggest producer of steel pipes, commissioned a new integrated heat treatment line for seamless pipes at TMK-ARTROM, Romania. Covering over 12,000 sq m, the facility’s treatment capacity stands at 165,000 tonnes of pipes per annum. The facility includes the main line at Shop 1-ASSEL as well as a water treatment station and a power substation …

DTCC opens its SmartSolo® Experience Center (for hands-on demonstrations) in Beijing today, just before the start of the two-week Chinese New Year holiday. Located inside DTCC’s office in the southern part of the city of Beijing, this Experience Center has over 300 channels of SmartSolo IGU-16, together with 2 complete sets …

The TMK subsidiary TMK-Kaztrubprom has become one of the first companies in its line of business to become a potential supplier in accordance with the Sovereign Wealth Fund Samruk-Kazyna Procurement management standard after successful completion of the prequalification procedure. As per the effective rules, prequalification is mandatory for all companies …

Agility, a leading global logistics provider, is the first freight forwarder to collaborate on a Maersk-IBM solution to provide more efficient and secure methods for conducting global trade by using blockchain technology to manage and track container shipments. Agility has agreed to identify events associated with individual shipments and to …

German headquartered manufacturer of drilling rigs and oilfield equipment, Bentec, which is a subsidiary of KCA Deutag, today announces that it has signed a new contract with Polskie Górnictwo Naftowe i Gazownictwo (PGNiG, Polish Oil and Gas Company) to supply a new build 2,000 HP drilling rig, with a hook load capacity …

National Oilwell Varco, Inc. (NYSE: NOV) today reported a fourth quarter 2017 net loss of $14 million, or $0.04 per share. Revenues for the fourth quarter were $1.97 billion, an increase of seven percent compared to the third quarter and an increase of 16 percent from the fourth quarter of 2016. Operating loss for the …

Construction continues on our nearly completed Kostroma train rig in Russia. The winterized rig is designed to protect crew and equipment from extreme cold weather, and operate at -40°C. The train rig was engineered by NOV engineers in Russia, Canada, and the United States, providing the optimal combination of NOV …