Service Companies & Manufactures

ABB shows how digitalization can transform oil, gas and chemical operations, bringing greater profitability in tough times. ABB today releases a white paper detailing how existing market dynamics and challenges are forcing a massive change in the oil, gas and chemical (OGC) industries’ approach to technology. Quoting from a range …

General Electric Company and Baker Hughes Incorporated today announced that the companies have each received a request for additional information (“second request”) from the United States Department of Justice (“DOJ”) in connection with the pending combination of GE’s oil and gas business with Baker Hughes. The second requests were issued …

Weatherford International plc announced today that after a full and diligent search process, the Board has appointed Mr. Mark McCollum as President and Chief Executive Officer, as well as a member of the Board of Directors, with an effective start date in late April 2017. Mr. McCollum is a proven …

Hardbanding Solutions Europe, who provide Duraband NC to the Russian and CIS Drilling Industries, are delighted to announce that they have opened a new office and distribution centre in Moscow, Hardbanding Solutions Eurasia LLC. In response to the increased demand for Duraband and the new range of ’Skye’ hardbanding equipment, and …

Forum  Energy Technologies, Inc. has delivered a Remotely Operated Vehicle (ROV) to ESEA Submarine AS to perform a variety of offshore roles, including inspection, survey and salvage work. The powerful and compact Sub-Atlantic™ Mojave will also be used by ESEA Submarine’s sister company, ESEA Marine AS, which has customers that …

Leading global drilling and engineering contractor, KCA Deutag, today announces that it has been awarded a contract extension by Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) for platform drilling services on its three platforms offshore Sakhalin Island in Russia. The four year contract extension is effective from 1 June 2017 …

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces a 5% increase in selling prices for the entire range of tubular products offered by its Russian division from 1 March 2017. The price increase will apply to all consumer categories. The key …

National Oilwell Varco, Inc. today reported a fourth quarter 2016 net loss of $714 million, or $1.90 per share. Excluding other items, net loss for the quarter was $57 million, or $0.15 per share. Other items totaled $706 million, pretax, and were primarily associated with inventory charges, facility closures, and severance. Revenues for the fourth quarter of …

The agreement covers use of solutions for seismic and geological interpretation, modeling and formation evaluation in consultancy. Paradigm® (www.pdgm.com) announced today that it has signed a multi-year access agreement with Beicip-Franlab for a wide spectrum of software solutions, including seismic and geological interpretation, formation evaluation, and subsurface modeling.  Beicip-Franlab will …

Paradigm will support key IT structure and Technical Subsurface applications in NCOC centers in Kazakhstan. Paradigm® (www.pdgm.com) announced today that North Caspian Operating Company N.V. (NCOC) has extended its agreement with Paradigm for the provision of Technical Information Management (IM) and Computing Support and Consultancy in Kazakhstan. The new three-year …