Service Companies & Manufactures

Baker Hughes Incorporated and General Electric Company announced today that they have reached an agreement with the Department of Justice that would allow the parties to complete their proposed transaction under U.S. law. Today’s milestone represents significant progress toward creating an oil and gas productivity leader positioned to deliver value …

Rubicon Oilfield International today announced it has acquired the assets and operating business of World Oil Tools Inc. (“World”), a leading manufacturer and supplier of specialty inflatable products and technology consumed in downhole completions operations. Terms of the transaction were not disclosed. Established in 2000 and headquartered in Calgary, World …

Akastor ASA, an oil service investment company, has entered into a definitive agreement to sell KOP Surface Products (“KOP”) to The Weir Group PLC for USD 114 million on a debt- and cash-free basis. KOP is headquartered in Singapore and is a supplier of surface wellheads, trees, valves and actuators …

The Skolkovo Institute of Science and Technology (Skoltech) unveiled its Center for Hydrocarbon Recovery’s new state-of-the-art laboratory on June 6 during the annual Startup Village, when Deputy Prime Minister Arkady Dvorkovich and Skolkovo Foundation president Victor Vekselberg visited the lab together with Gazprom Neft CEO Alexander Dyukov. Deputy Prime Minister …

Chris Weston, CEO of British power generation company, Aggreko, participated in the meeting of the Russian President, Vladimir Putin, with the world CEOs in St Petersburg last week. The meeting marked the end of the second day of the St Petersburg Economic Forum, where Mr Weston was a speaker and …

Petroleum Geo-Services ASA has developed a concept for efficient, large scale collection of plastic from the oceans. The solution uses the inherent benefits of seismic vessels and takes advantage of their air compressors and capabilities for handling large towing configurations. Each year, eight million tons of plastic ends up in the world’s …

Postle Industries, suppliers of Duraband® NC, has developed a cost-saving procedure for re-application of hardbanding that promises cool tool joint internal diameters and protects the Internal Plastic Coating (IPC). The Postle process, named CoolBanding® (patent pending), helps to protect the IPC by reducing the amount of heat introduced into the …

National Oilwell Varco, Inc. announced today the introduction of several new proprietary technologies to its completion tools portfolio: Bulldog Frac™ – a sliding-sleeve annular fracturing system that provides pinpoint accuracy, zonal isolation, and improved reliability; Bullmastiff™ – a ball-drop openhole sliding-sleeve sand control fracturing system; Rottweiler™ – a product family …

With the MOU, the companies will create a strategic alliance for oil and gas exploration and production companies globally, covering integrated solutions for preparedness and response associated with subsea well control activities, Oil Spill Response said in a statement on Tuesday. The new agreement further enhances the policies and procedures …

Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors, took part in the regular meeting held in Saint Petersburg by Alexey Miller, Chairman of Gazprom’s Management Committee, for the heads of major Russian producers of tubular products. Alexey Miller awarded Dmitry Pumpyanskiy one of the first quality management certificates under Gazprom’s new …