Nabors: Acquires Tesco Corporation in an All-Stock Transaction
Nabors Industries Ltd. is pleased to announce that the company has signed an Arrangement Agreement to acquire all of the issued and outstanding common shares of Tesco Corporation, with each outstanding share of common stock of Tesco being exchanged for 0.68 common shares of Nabors. This transaction will create a …
Emerson Launches New Drilling Jar Clamp for Increased Safety and Well Integrity
Emerson Automation Solutions has launched the latest product within its polymer completions solutions range – the PolyOil® JAR Handling Clamp – for increased safety and well integrity. One key threat to well integrity and safety in drilling and completions operations today is the danger of jars firing prematurely at the …
Wacker Neuson: Strong Q2 with Improved Year Outlook
International light and compact equipment manufacturer Wacker Neuson has again reported record revenue levels for the second quarter of 2017. Profitability improved significantly. Bolstered by a positive outlook for the second half of 2017, the company has raised its revenue forecast for the current fiscal year. New record-breaking revenue in …
Dow Chemical and Dupont: Set to Merger to Create the Worlds Largest Chemical Company, DowDuPont
Dow Chemical Co. and DuPont Co., the two largest U.S. chemical makers, have received all the regulatory approvals needed to close their historic merger. The deal will be completed after the stock market closes on Aug. 31, the companies said in a statement Friday. Shares of DowDuPont Inc. will begin trading Sept. 1 under the ticker DWDP. …
Success Stories In Kazakhstan: BASF – Saule Baitzhaunova
Saule Baitzhaunova, General Director of BASF Central Asia (Kazakhstan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan), told about BASF and its activities in Kazakhstan. Saule, tell us briefly about BASF. BASF is a world leader in the chemical industry. The portfolio includes oil and natural gas, as well as chemicals, plastics, special chemicals, …
TMK: Launches ТМК UP CENTUM Thread on Casing Pipe
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has become the first Russian manufacturer to start the production of casing pipe with unique TMK UP CENTUM threaded connections. TMK is currently the only manufacturer of pipe with such connections. The Company shipped …
Merlin ERD: Neil Armstrong and Sanzhar Zharkeshov Win SPE Regional Awards
Merlin ERD reinforce their position as industry leaders in complex drilling as two senior personnel win Drilling Engineering Awards from The Society of Petroleum Engineers (SPE) in separate regions! Neil Armstrong, Engineering Manager, overcame stiff competition to win the highly coveted North Sea regional award, while Senior ERD Engineer Sanzhar …
UK Hovercraft Firm to Support Offshore Oil Rigs in the Caspian Sea with Potential Future Contracts Worth £100m
A leading UK-based hovercraft manufacturer has signed a deal to carry out a study on using hovercraft to clear oil spills and support offshore rigs in the Caspian Sea. Griffon Hoverwork penned an agreement with a subsidiary of Kazakh state oil company KazMunayGas called KMGSS that has the potential to …
Schlumberger Announces Agreement to Acquire Majority Share in Eurasia Drilling Company
Agreement extends successful long-term relationship in the conventional land drilling market Schlumberger announced today an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company Limited. Closing of the transaction is subject to approval by the Federal Antimonopoly Service of Russia (FAS). The agreement extends the successful long-term …
Blue Water awarded new contract for TCO
A Blue Water Shipping managed consortium is to supply six tugs to assist barges and vessels at Prorva, Kazakhstan As part of the expansion of the Tengiz Oilfield in Kazakhstan, a 75 km CaTRo (cargo transportation route) channel has been built – providing safe passage through the shallow waters of …