Service Companies & Manufactures

“TMS Group” Launched the Production of a New Type of Product

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 …

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Service Companies & Manufactures

TMK Begins Construction of a New Environmental Facility at ChTPZ

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 …

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Service Companies & Manufactures

Varel Energy Solutions Acquires Sledgehammer Oil Tools Pvt Ltd.

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 …

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Service Companies & Manufactures

Welltec Becomes Largest Shareholder of Isealate AS

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 …

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Service Companies & Manufactures

Weatherford CFO Jennings to Leave in July

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, …

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Service Companies & Manufactures

DNV Partners With IOGP to Develop Decarbonization Standards – Accelerating the Transition of Upstream Oil and Gas

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 …

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Service Companies & Manufactures

Halliburton Introduces StrataStar™ Real-Time Multilayer Visualization While Drilling

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 …

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Service Companies & Manufactures

Nabors: Invests in GA Drilling – an Ultra-Deep Geothermal Drilling Technology Innovator

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. …

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Service Companies & Manufactures

Halliburton: To Suspend Future Russian Business and Wind Down Remaining Operations

Halliburton Company announced it will immediately suspended future business in Russia as the Company complies with sanctions that prohibit transactions and work, including for certain state-owned Russian customers. Halliburton will prioritize safety and reliability as we wind down our remaining operations in Russia. Several weeks ago, the Company halted all …

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Service Companies & Manufactures

Weatherford: Suspends New Investments and New Technology Deplyment in Russia

Girish Saligram, President and Chief Executive Officer, commented, “Our deepest sympathies go out to all those impacted by the ongoing crisis in Ukraine and sincerely hope that peace is restored soon to spare further hardship. Our primary focus is centered on the safety and wellbeing of our employees in the region. “Since the crisis …

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