Service Companies & Manufactures

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 …

SpectraSphere service uniquely enables the understanding of reservoir properties while drilling for improved reservoir characterization, well placement and reduction in overall well construction costs. Schlumberger today launched the new SpectraSphere* fluid mapping-while-drilling service at the 2017 Offshore Technology Conference. The service is the industry’s first to deliver downhole fluid composition …

Henderson Rigs & Equipment (Henderson), a leader in capital drilling equipment, is proud to announce the acquisition of AXON Drilling Products (ADP), formerly a division of AXON Energy Products. ADP is a recognized provider of top-quality drilling products and solutions and drilling floor equipment engineered and manufactured under ISO and …

Dynamus bit reduces damage risks to the bit and BHA. Baker Hughes Incorporated announced today the commercial release of its Dynamus™ extended-life polycrystalline diamond compact (PDC) drill bit which can significantly reduce drilling costs by eliminating trips to replace bits or bottomhole assembly (BHA) tools that wear out in high horsepower drilling …

Emerson Automation Solutions launched the Roxar Salinity Measurement System for the sensitive, accurate and real-time measurement of saline water in gas production well streams at the Offshore Technology Conference (OTC) in Houston this week. Through the new system, operators can instantly identify changes in the flow stream and the smallest …

The CEO of Munich-based Wacker Neuson SE, Cem Peksaglam, is leaving the company. The CEO of Wacker Neuson SE, Mr. Cem Peksaglam (49), has informed the Supervisory Board that, following the successful realignment of the Group’s strategy, he does not intend to renew his contract as he has decided to …

Baker Hughes Incorporated announced today the introduction of its DEEPFRAC™ deepwater multistage fracturing service, which can save operators hundreds of millions of dollars in offshore developments through unprecedented efficiency gains across the completion phase. Using multiposition sleeves and patented flowback control technology, the service accelerates or eliminates certain steps of …