proNova: Best Data Management & Application Solution World Oil Awards 2017
TDE Petroleum Data Solutions is the winner of the Best Data Management and Application Solution Award for the World Oil Awards 2017 with their service, proNova. More than 300 of the upstream oil and gas industry’s brightest minds gathered to find out and celebrate the winners of the 2017 World …
PGS: Centralize, Simplify and Streamline
Petroleum Geo-Services ASA (“PGS” or “the Company”) announces a new centralized, simplified and streamlined organization, which builds on the two business areas: Sales & Services and Operations & Technology. Over the last years fundamentals in the seismic industry have changed significantly. The market is smaller, weaker and more uncertain than …
AFGlobal: Acquires Axon Pump Technology from Amkin Technologies
AFGlobal today announced that it has acquired the Axon pressure pump technology and product line from Amkin Technologies, LLC, a privately-held oilfield equipment and technology developer. Until recently, Amkin was continuing the evolution of the product offering by supporting ongoing operations and engaged with AFGlobal to realize revolutionary improvements in …
Akastor ASA: Akastor and Mitsui Seek to Expand Partnership
Akastor ASA, an oil service investment company, announced today that it is in advanced discussions with MITSUI & CO., LTD., a leading Japanese trading and investment company, to further expand their current partnership to include AKOFS Offshore. The parties have entered into a Memorandum of Understanding which includes the following …
TMK Group: To Supply LUKoil’s Subsidiaries with Over 18,000 tons of Casing
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, will supply 18.4 thousand tonnes of casing pipe with TMK UP premium threaded connections to LUKOIL subsidiaries. Under the contract awarded to ТМК through a tender process, the Company will ship 12 thousand tonnes …
Roxar: Tempest 8.1 Helps Customers Maximize Field Recovery
Roxar Tempest 8.1 delivers new advanced simulation techniques to accurately represent flow behavior in the vicinity of fractures along well trajectories Emerson Automation Solutions has launched the latest version of its reservoir management software suite – Roxar Tempest™ 8.1, designed to provide robust and efficient numerical solutions to support reservoir …
Emerson Agrees to Acquire Paradigm
Emerson has agreed to acquire Paradigm®, a leading provider of software solutions for the oil and gas industry, for a purchase price of $510 million, reflecting a multiple of 13 times expected 2017 EBITDA. Paradigm, joined with Emerson’s existing Roxar software business, creates a best-in-class, end-to-end Exploration & Production (E&P) …
NOV Grant Prideco: Delta Connection Performance Without Compromise
Rising wells costs and expensive connection repair rates drove a conversation between NOV and its customers on how to combat these persistent issues. The result: a stronger, more cost-effective drill-pipe connection that doesn’t compromise on performance. The Delta™ rotary-shouldered drill-pipe connection addresses the needs of a diverse, shifting market by …
Tendeka: Wins Multi ICD Contracts in the Middle East
Following a recent award by the Kuwait Oil Company (KOC) to deliver a lower completions project, Tendeka, a global leader in advanced completions and production optimisation, has been awarded two further contracts in the Middle East. The multi-million-pound agreements with the Abu Dhabi Onshore Operations Company (ADCO) and Petroleum Development …
Wood Group: Completes Amec Foster Wheeler Acquisition
Wood Group is pleased to announce that it has completed the acquisition of Amec Foster Wheeler. Wood Group’s new ordinary shares will be admitted to the premium segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange with effect from …