TMK Supports the Nomination of Yekaterinburg as a Candidate Host City for World Expo 2025
In an initiative to support Russia’s bid to host World Expo 2025 in Yekaterinburg, TMK’s representatives have participated in a trip alongside the national Expo 2025 Bid Committee’s delegation to Middle Eastern countries to promote Yekaterinburg as a candidate host city. TMK was represented by a delegation led by Vladimir Shcherbatykh, head …
Intermat 2018: Wacker Neuson Group Extends Zero Emission Range
In hall 6 on stand E98 the Wacker Neuson Group is represented with new products from the Wacker Neuson and Kramer brands. With the battery-powered and thus entirely emission-free vibratory plate AP1850e, Wacker Neuson is presenting a highlight at Intermat and expanding its zero-emission range for operator and environmentally friendly work. With the …
Introducing the NOV Kostroma Train Rig!
National Oilwell Varco’s Russia/CIS manufacturing facility located in Kostroma, Russia is nearing the completion of its first extreme cold weather drilling rig, the Kostroma train rig. The Kostroma Train Rig was designed by NOV rig engineers in Russia, the USA, and Canada with significant experience designing drilling rigs for the …
KCA Deutag Appoints New Senior Vice President for RDS
KCA Deutag today announces that Albert Allan has joined the group as the new Senior Vice President of RDS, its rig design and engineering subsidiary. Based in Aberdeen, Albert will have responsibility for spearheading RDS’s activities worldwide. He will also become a member of KCA Deutag’s executive management team, reporting …
Postle Industries: New Restoration Product & Procedure Extends Life of Works String Connections
Until recently it was not possible to repair work string tubing that, because of wear, has undersized upset connections. Now Hardbanding Solutions by Postle Industries has developed a remarkable patent pending product and effective procedure to restore work string tubulars that have worn below the minimum allowable connection diameter. The …
Kværner ASA: Wins Nord Stream 2 Export Gas Pipeline Facilities
The Swiss operating company Nord Stream 2 AG and Kvaerner have signed a contract for delivery of onshore facilities for a new Russian gas export pipeline. The contract value is somewhat above NOK 600 million. The planned new Nord Stream 2 pipeline across the Baltic Sea will provide reliable, affordable …
Bentec, a Subsidiary of KCA Deutag, Secures New Contract for 5 Rigs Worth Approximately $110m
New contract with Ukraine Public Joint Stock Company “UkrGasVydobuvannya” to supply five drilling rigs worth approximately $110 million Bentec, one of the world’s leading manufacturers of drilling rigs and oilfield equipment, today announces that it has been awarded a contract by Ukraine Public Joint Stock Company “UkrGasVydobuvannya” (UGV) to supply …
NOV: To Acquire Vallourec Drilling Products for $63m
Vallourec announces that, after negotiations run with the US oil services company NOV, it has received a binding offer for the purchase of Vallourec Drilling Products business, for a total cash amount of US$63 million. This offer covers all of Vallourec’s industrial activities related to Vallourec Drilling Products in North …
Nabors Industries: Completes Tesco Corporation Acquisition
Nabors Industries Ltd. (“Nabors”) (NYSE: NBR) and Tesco Corporation (“Tesco”) (NASDAQ:TESO) today announced the completion of the previously announced acquisition of Tesco by Nabors. Under the terms of the agreement, Nabors acquired all common shares of Tesco in an all-stock transaction. Tesco shareholders will receive 0.68 common shares of Nabors …
Russian Upstream Projects Require $102.6bn by 2020 to Maintain Stable Production, says GlobalData
An average of $34.1bn per year in capital expenditure will be spent on 1,673 oil and gas fields in Russia between 2018 and 2020, according to GlobalData, a leading data and analytics company. Capital expenditure into Russian traditional oil projects will add to up $55bn over the three-year period, while heavy …