Hoists Deliver Special Performance Throughout Industry
The robust nature of Profi TI series air hoists from J D Neuhaus (JDN) ensures their suitability for a whole host of general industrial applications. JDN’s Profi TI series is extensive, but models from TI 3 to TI 25 (providing 3 to 25 tonne lift/load capacity) are ideal for general …
Baker Hughes, a GE company Announces $3 Billion Share Repurchase Authorization
Baker Hughes, a GE company today announced that its Board of Directors has authorized Baker Hughes, a GE company, LLC to repurchase up to $3 billion of its common units from BHGE and GE. The Company will use the proceeds from the sale of its BHGE LLC common units to repurchase its Class A …
TMK Presented New Strategy to 2027 at its Capital Markets Day in London
PAO TMK (‘TMK’ LSE: TMKS) (the “Company”, the “Group”), one of the world’s leading producers of tubular products for the oil and gas industry, presented its new ten-year strategy to 2027 and an update on performance at its 5th annual Capital Markets Day in London. The new strategy will reinforce …
Emerson Signs Collaboration Agreement With Statoil
Emerson has signed a collaboration agreement with leading Norwegian operator Statoil to further develop its Roxar RMS™ reservoir characterization and modeling software. The announcement is the latest in a series of partnerships between Emerson and Statoil that has spanned many years and includes high-value contracts on a number of Statoil’s …
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 …