TMK to Increase Prices for Tubular Products of its Russian Division from 1 March
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 Reports Fourth Quarter and Full Year 2016 Results
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 …
Paradigm: Signs Multi Year Access Agreement with Beicip Franlab
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: NCOC Extends Agreement for Managed Services
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 …
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” …