Service Companies & Manufactures

Geopro Technology Ltd (Geopro) is proud to announce the opening of its newest office, in Kuala Lumpur, Malaysia. The office, which is located in the Ilham Tower in downtown Kuala Lumpur, will manage operations across the whole of South East Asia. Geopro’s Malaysian team will initially focus on selling Geopro’s …

GeoTesting services advance reservoir understanding for increased certainty. Schlumberger announced today at the 2016 SPE Annual Technical Conference and Exhibition the release of GeoTesting* geology-based well test design and interpretation services. GeoTesting services, built in the Petrel* E&P software platform, maximize the value of well tests by integrating geological and …

Earlier this year, Blue Water Shipping announced a major contract, in connection with the TCO FGP project, with a value of US$350 million. For this project, Blue Water Shipping is leading a consortium in partnership with Topaz Marine and Energy which will supply 15 specially designed MCVs for the transportation …

Weatherford International plc announced that it has won two large contracts with a super-major operator for sand screens and for upper completions products including gas-lift equipment, chemical-injection equipment, subsurface safety valves (SSVs) and downhole measurement tools. These two multi-year contracts will supply this equipment to multiple rig lines drilling extended-reach …

Starting on January 1, 2017, Wilfried Trepels will take on his new role of Chief Financial Officer (CFO) and member of the Executive Board at Wacker Neuson SE. Mr. Trepels takes over the position from Mr. Günther C. Binder, who will be stepping down from the Executive Board. Mr. Binder has been employed …

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has shipped a large batch of premium threaded connection pipe to Gazprom Dobycha Noyabrsk. The shipment comprised casing pipe with TMK GF and TMK FMC threaded connections, as well as tubing pipe with TMK …

Technip and FMC Technologies, Inc. today announce that the companies will combine to create a global leader that will drive change by redefining the production and transformation of oil and gas. The combined company, which will be called TechnipFMC, would have an equity value of $13 billion based on pre-announcement …

Halliburton Company and Baker Hughes Incorporated today announced that the companies have terminated the merger agreement they entered into in November 2014, effective April 30, 2016. “While both companies expected the proposed merger to result in compelling benefits to shareholders, customers and other stakeholders, challenges in obtaining remaining regulatory approvals …

Following the termination of its merger agreement, Baker Hughes Incorporated today outlined a series of actions to reduce costs and simplify its business, enhance its commercial strategy, and optimize its capital structure. – To reduce costs by simplifying its organization and rationalizing its operational footprint – Commercial strategy focused on …

TMK, one of the world’s largest producers of tubular products for the oil and gas industry, and PJSOC Bashneft, a major Russian oil company, have signed a Technology Partnership Programme for 2016–2020. The programme provides for over 20 joint activities related to development, introduction and piloting of TMK products at …