Service Companies & Manufactures

Global oil and gas investments will expand by $26 billion this year as the industry continues its protracted recovery from the worst of the pandemic and the hurdles imposed by the Omicron variant. An analysis by Rystad Energy projects overall oil and gas investments will rise 4% to $628 billion …

After two days of declines, oil prices are rising today, buoyed by positive demand signals for 2022 and an expectation of global supply tightness. The global demand outlook for 2022 is solid, as many countries keep their borders open and avoid implementing the strict lockdowns imposed during previous Covid-19 waves …

TMK held a meeting with Gazpromneft-Development and Gazpromneft-Snabzhenie to discuss cooperation on ESG (environmental, social and governance) matters. At the meeting, the parties agreed to actively promote responsible sourcing practices and develop ESG guidelines for suppliers. In the long term, they will adopt a strategy for developing market suppliers that …

TMK held a meeting with Gazpromneft-Development and Gazpromneft-Snabzhenie to discuss cooperation on ESG (environmental, social and governance) matters. At the meeting, the parties agreed to actively promote responsible sourcing practices and develop ESG guidelines for suppliers. In the long term, they will adopt a strategy for developing market suppliers that …

PGS has signed a multi-year Data Management as a Service (DMaaS) agreement with a major customer. Cloud enablement of its MultiClient subsurface data library is an integral part of PGS’ digital transformation journey, enabling new services and business models that generate new revenue streams. Under this agreement, PGS will provide …

Solids control and process technology provider Fluid Systems Inc.  has introduced adapter technology that readily upgrades older drying and flow line shakers to the significantly higher efficiencies  of the new generation Hi-E™ shaker. Applicable for most manufacturers’ brand of shakers, the Hi-E Kit Adapter more than doubles the G-forces generated  …

There are numerous items that are included in the process of inspecting drill pipe, such as thread condition, tool joint length, minimum and maximum OD’s, etc. One often misunderstood item is the condition of the hardbands. Questions frequently arise when inspecting hardbanding. It’s usually clear as to what needs to …

Weatherford International plc today announced the Company’s issuer credit rating has recently been upgraded to ‘B-‘ from ‘CCC+’ by S&P Global Ratings (“S&P”). S&P based the rating upgrade in part on the results of the recently completed series of refinancing and debt repayment transactions that both lengthened the debt maturity …

Dr. Khaydar Valiullin, WellsX LLC Digital Drilling: Thoughts and Expectations Today, the entire world is excited by the expectations of the current and future benefits that the digital age will bring to all of us. Phrases such as “digital drilling”, “digitalization”, “machine learning”, “digital twin” became a common air buzz …

Hoist and Winch Ltd has come a long way in a short space of time. From humble beginnings in 2007, the company today offers a full spectrum of lifting equipment services to the UK and global marketplace. Indeed, the Hoist and Winch portfolio now comprises product sales, installation, service, inspection, …