Service Companies & Manufactures

SandAid technology provides long-term solution to recurring high costs Various sand control measures proved ineffective An operator’s oil wells in the Caspian Sea were experiencing excessive sand production from intervals of unconsolidated sandstone that ranged in thickness from about 15 m [49 ft] to several tens of meters. Shortage of …

Despite news that the Omicron Covid-19 variant may not be as destructive to oil demand as first feared, more countries worldwide are reintroducing restrictions and other measures to curb climbing case numbers, raising fears that the global market may yet be adversely impacted, and consequently causing a bearish environment for oil prices. An announcement …

Parker Hannifin, the global leader in motion and control technologies, today launched the new optimized FEM Quick Coupling Series which offers an increased working pressure up to 350 bar and a decreased pressure drop for better flow properties. The revised and updated FEM and FEC series have profiles corresponding to …

The oil market is experiencing some early Christmas cheer today, extending its recent run of gains thanks to rising optimism surrounding the omicron variant and its potential impact on demand in the remainder of this year and the first half of 2022. Oil rebounded from a collapse last week to …

Traders are brushing off the initial panic over the Omicron variant today, correcting prices upwards as the symptoms of the new strain of Covid-19 seem to be milder than what the market reaction last week initially indicated. The oil market seems to now be convinced that higher price levels are warranted …

Forum Energy Technologies, Inc. today announced that as part of the company’s executive management succession planning process, its Board of Directors appointed Mr. Neal Lux as President and Chief Executive Officer, effective February 18, 2022. Mr. Lux currently serves as Executive Vice President and Chief Operating Officer. Mr. C. Christopher …

Nabors Industries Ltd., a leading provider of advanced technology for the global energy industry, today announced elements of its energy transition strategy. A video summarizing Nabors’ energy transition efforts is also available. Addressing Decarbonization Pledges of the Oil and Gas Industry and Beyond Nabors and companies across the oil and gas …

Enteq Technologies, the energy services technology and equipment supplier, announces successful results of initial downhole and system testing of the SABER Tool; its innovative alternative to traditional rotary steerable systems (RSS) for directional drilling. Testing included downhole qualification in a live drilling environment, as well as system testing exposing the …

With sights set firmly on tomorrow’s OPEC+ meeting, oil markets are rising today on the expectation that the alliance of oil producers will either stay the course on their conservative supply increases or dig their heels in further in response to the threat posed by the Omicron variant. Decisions made by the …

PAO TMK, a global leader in steel pipe production and one of the world’s leading suppliers of tubular products for the energy and industrial sectors, today announces its interim consolidated IFRS financial results for the nine months ended September 30, 2021. While analysing these financial statements, it is important to …