Service Companies & Manufactures

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 …

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 …