Salunda: Launches MudChecker for Rapid Mud Analysis
Rapid and consistent analysis of mud properties during the drilling and completion of oil and gas wells is provided by the latest hand-held technology from Salunda Limited. Offering a faster alternative to conventional retort and titration testing, the battery powered MudChecker drilling mud analyser is the first electronic diagnostic device …
Baker Hughes: BJ Services Reformed After Pressure Pumping Merger with Allied Energy Services
Baker Hughes Incorporated, CSL Capital Management and West Street Energy Partners (WSEP), a fund managed by the Merchant Banking Division of Goldman Sachs, announced today an agreement to create a pure-play North American land pressure pumping company. The new company, BJ Services, will leverage operational experience and industry expertise to …
Calfrac: Announces $40 million Private Placement
Calfrac Well Services Ltd. is pleased to announce that it has entered into an agreement with Peters & Co. Limited, as lead underwriter on behalf of a syndicate of underwriters to be formed (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a private placement basis, …
AspenTech Acquires Mtell
Aspen Technology, Inc., a leading provider of software and services to the process industries, announced it has acquired Mtelligence Corporation (known as Mtell), a San Diego, California-based pioneer in the field of predictive and prescriptive maintenance for asset performance optimization. Mtell products enable companies to increase asset utilization and avoid …
Frank’s International: Appoint Douglas Stevens as President and CEO
Effective November 15, 2016, Douglas Stephens will assume the role of president and chief executive officer of Frank’s International. Mr. Stephens was most recently with Baker Hughes, Inc. where he was president of the global pressure pumping division and responsible for its worldwide tubular running and pressure pumping business. Prior …
Weatherford: Bernard Duroc-Danner Appointed Chairman Emeritus
The Board of Directors of Weatherford International plc, in recognition and appreciation of outstanding vision and years of service, has named Dr. Bernard Duroc-Danner as Chairman Emeritus. In this honorary and advisory role to the Board of Directors, Dr. Duroc-Danner will not receive any remuneration for his role and will …
Rubicon Oilfield International: Acquires Top-Co Holdings
Rubicon Oilfield International (“Rubicon”) today announced it has acquired Top-Co Holdings Inc. (“Top-Co”), a global leader in the supply of oilfield casing, cementing and completion products. Terms of the transaction were not disclosed. This transaction further strengthens Rubicon’s robust portfolio of Well Construction solutions, enabling the organization to offer one …
New Vice-President is appointed in Agility Area East Europe
In recent years Agility Area East Europe has proved itself as the strong player at Project logistics market. Agility has been actively leveling its position between project logistics and general cargo services. The feedback is already visible. Agility significantly expanded the list of clients interested in general cargo transportation. Now …
Lloyd’s Register: Acquires RTAMO – A Provider of Real Time Adaptive Maintenance Optimisation Software
Lloyd’s Register (LR), the global engineering, technical and business services organisation, has acquired RTAMO Ltd, a software enabled consultancy based in Aberdeen which provides cutting edge data-driven solutions designed to reduce maintenance costs for asset owners. Real-time data-driven service revolutionises how critical infrastructure is maintained – offering asset owners smarter, …
Weatherford: Krishna Shivram Appointed Interim CEO as Bernard Duroc-Danner Steps Down
Weatherford International plc announces the departure of Bernard J. Duroc-Danner, Chairman of the Board, President and Chief Executive Officer effective immediately. Mr. Robert Rayne, current Vice Chairman of the Board, will serve as Chairman of the Board. Mr. Krishna Shivram will lead the Company as interim Chief Executive Officer, and …