Weatherford and Nabors: Form USA Advanced Drilling Solutions Alliance
Weatherford International plc and Nabors Industries Ltd. announced today they have signed a non-binding Memorandum of Understanding (MOU) to form an alliance focused on delivering enhanced drilling solutions to the oil and gas land market in the lower 48 states of the United States. The MOU states that Weatherford will …
McCoy Global Inc. Announces Strategic Asset Acquisition of 3PS, Inc.
McCoy Global Inc. has announced that it has acquired the assets of Austin, Texas based 3PS, Inc. (“3PS” or “the Company”), a wholly owned subsidiary of Pason Systems Inc (TSX:PSI). 3PS specializes in sensors, systems and services for heavy industry applications, including Torque and Tension Sub (TTS) technology. The asset …
Agility: Populism, Trade Backlash Cloud Emerging Markets Picture
Nearly 69% of logistics professionals say they worry about a retreat from free trade in 2017 following the UK’s Brexit vote and the collapse of global and regional trade talks, a new survey shows. The survey of more than 800 global logistics and supply chain executives is part of the …
Vallourec: Announces New Organisational Structure and Team
Vallourec announces today adaptations to its organization designed to enable the company to benefit fully from its Transformation Plan. The new organization aims to strengthen the Group’s customer focus in each of its regions, to optimize the use of its global resources, and to boost its development. It will be …
Wacker Neuson: Alexander Greschner Appointed Chief Sales Office as Jan Willem Jongert Steps Down
The Supervisory Board of Wacker Neuson SE and Mr. Jan Willem Jongert (member of the Executive Board responsible for sales) have agreed, by fully amicable and mutual consent, for Mr. Jongert to step down from his position earlier than planned due to differences in opinion over the concrete implementation of …
TMK Group: Successfully Testing and Launch TMK UP ULTRA GX Thread for Thermal Wells
TMK is pleased to announce the launch of a premium threaded and coupled connection targeted for thermal wells. The new connection, TMK UP ULTRATM GX, successfully completed the testing and evaluation requirements of TWCCEP / ISO PAS 12835 for 290 deg. C application. The pipes used for qualification testing (9-5/8” …
Peak Well Systems: Acquired By Schlumberger
Schlumberger today announced the acquisition of Peak Well Systems (Peak), a leading specialist in the design and development of advanced downhole tools for flow control, well intervention and well integrity. The addition of Peak’s mechanical and remedial solutions for cased-hole well intervention strengthens the Schlumberger Production Services portfolio with a …
Forum Energy Technologies: Sells 350th Rotational Torque Machine and 6th Unit to Tam International
Forum Energy Technologies, Inc. revealed today that it has designed, manufactured, tested and delivered its 350th rotational torque (RT) torque machine to TAM International, a globally recognised downhole inflatable packer leader. The torque machine, or bucking unit as it is commonly referred, was manufactured at the Forum AMC facility in …
NOV Fiber Glass Systems: Opens Facility in Dammam
National Oilwell Varco, Inc. today announced that it is expanding the operations of its Fiber Glass Systems business unit with a new composite pipe manufacturing facility located near the city of Dammam, Saudi Arabia. “Our decision to localize manufacturing operations in the Kingdom of Saudi Arabia demonstrates our commitment to …
Cameron: Signs $350m Contract with Transocean for Pressure Control Equipment Management Services
Riser management and subsea blowout preventer service agreements aim to reduce offshore nonproductive time and total cost of ownership Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million. The first contract calls …