Service Companies & Manufactures

Full-year revenue outlook increased to mid-teens growth year-over-year Second quarter revenues of $1,064 million increased 13% sequentially, led by strong international growth of 14% Operating income was $104 million, compared to $18 million in the first quarter of 2022 and adjusted EBITDA[1] was $186 million or a 17.5% adjusted EBITDA …

PDF Version Orders of $5.9 billion for the quarter, down 14% sequentially and up 15% year-over-year. Revenue of $5.0 billion for the quarter, up 4% sequentially and down 2% year-over-year. GAAP operating loss of $25 million for the quarter, down $304 million sequentially and down $219 million year-over-year. Adjusted operating …

The TMS Group division of TAGRAS Holding, at the request of the customer, has mastered the manufacture of couplings for casing pipes OTTG * with a diameter of 146 mm. Production is established on the basis of TMS-NT LLC. Previously, the company also produced couplings, but with a different type …

The Pipe Metallurgical Company (TMK) launched the construction of a new environmental facility at the Chelyabinsk Pipe Rolling Plant (ChTPZ), which is part of TMK, the AQA Balance complex for the treatment of industrial and storm water. The total area of the facility will be 3.8 thousand square meters. Modern …

Varel Energy Solutions (“VES”) today announced it has acquired Sledgehammer Oil Tools (“Sledgehammer”), an international leader in the supply of oilfield casing, cementing and completion products. This transaction further strengthens VES’s robust portfolio of casing and cementing products, fueled by the legacy brand of Downhole Products, enabling the organization to …

Welltec® A/S has today announced the start of an exciting and exclusive partnership with Isealate AS. Welltec is now the largest shareholder of Isealate, and will be exclusive global partner to the innovative company based in Stavanger, Norway, providing patented patch-thru-patch technology. Chief Commercial Officer at Welltec, Tommy Eikeland, stated, “Well …

Weatherford International plc announced today that H. Keith Jennings, Executive Vice President and Chief Financial Officer, will leave the Company effective July 31, 2022. His leaving the Company is not the result of any dispute or disagreement regarding the Company’s accounting or financial practices, statements, conditions, or operations. Girish Saligram, …

DNV, the independent energy expert and assurance provider, has been selected by the International Association of Oil & Gas Producers (IOGP) to support the decarbonization initiatives of IOGP members – producers of 40% of the world’s oil and gas. To support IOGP and its members, DNV will develop metrics, recommended …

Halliburton Company today introduced StrataStar™, a deep azimuthal resistivity service that provides multilayer visualization to maximize well contact with the reservoir and improve real-time reserves evaluation. The StrataStar service is the latest addition to Halliburton’s iStar™ intelligent drilling and logging platform, which combines deep subsurface insights with artificial intelligence for …

Nabors Industries Ltd.  adds to its clean energy portfolio with a USD $8 million investment in GA Drilling, a.s.. This strategic investment expands Nabors’ commitment to deep-drilling technologies tapping super-hot, ultra-deep rock reservoirs. GA Drilling, a geothermal technology company with headquarters in Bratislava, Slovakia, is a pioneer in plasma drilling. …