Service Companies & Manufactures

Halliburton Company announced today that it launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for LUKOIL in early April. The project involves Halliburton constructing a 5,500 meter exploration well in addition to delivering an integrated service package which includes directional drilling, drill bits, drilling fluids, well …

Halliburton Company today announced its Board of Directors has unanimously elected Jeff Miller, the Company’s president and a board member, to the position of president and CEO. Dave Lesar, who has led Halliburton as chairman and CEO since 2000, will continue serving the Company as executive chairman. The leadership changes …

Getting to know the world of Wacker Neuson–that was the goal of an event week, which had just been successfully completed. At the Reichertshofen site, which was recently expanded to include a new research and development center, customers and dealers from all over Europe and the Middle East were able …

PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, today announces its unaudited interim consolidated IFRS financial results for the three months ended March 31, 2017. 1Q 2017 Highlights Financial Revenue up 5% q-o-q and 24% y-o-y at $944 million Adjusted EBITDA …

National Oilwell Varco today announced it has broken ground on two manufacturing plants that will significantly strengthen the Company’s market-leading positions in providing composite pipe technologies and tubular coatings within Saudi Arabia. Both facilities will be located at MODON 3 near the city of Dammam. NOV has provided comprehensive tubular …

After significant R&D focus, Tendeka has recently launched PulseEight, the latest advance in wireless intelligent completion technology for the digital oilfield. Tendeka’s PulseEight system uses unique pressure pulse telemetry to channel wireless communication between a well’s downhole monitoring and control system and the wellhead.  Previously, Tendeka installed several Wireless Pressure …

For Q1 2017, Munich-based international light and compact equipment manufacturer Wacker Neuson reported a record rise in revenue for the first quarter of the year. Adjusted profit before interest and tax (EBIT) increased significantly. At the close of Q1, order intake and backlog showed a clear rise over the figures …

Rubicon Oilfield International today announced it has acquired Choice Completions Systems, LLC, an emerging technology company specializing in the supply of downhole products for unconventional multi-stage completions.  Terms of the transaction were not disclosed. Established in 2016, Choice has rapidly built a reputation for developing and delivering high quality completion products fueled by the specific needs of …

A consortium led by Blue Water Shipping has been awarded an additional contract by Tengizchevroil (TCO). In 2016, Blue Water Shipping announced the signing of three contracts in connection with the Tengizchevroil (TCO) Future Growth Project-Wellhead Pressure Management Project (FGP-WPMP). For these contracts, Blue Water Shipping is leading two consortiums …

Flotek Industries, Inc. has entered into a definitive agreement to divest its Drilling Technologies segment to National Oilwell Varco, L.P. (“NOV”) for a total consideration of $17.0 million, subject to normal working capital adjustments. The transaction is expected to close by mid-May. In-line with the Company’s ongoing initiatives, proceeds will …