Service Companies & Manufactures

Welltec: Launches New Well Tractor

Welltec® has launched a fully revised and transformed design of the pioneering Well Tractor® conveyance solution: Well Tractor® 212 CVT, equipped with Continuous Variable Tractoring technology.  The new CVT system automatically maximizes speed and power at all times, optimizing every conveyance run, making operations faster and more efficient than ever …

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Service Companies & Manufactures

Halliburton: Launches DS365.ai to Enhance Operational Productivity and Efficiency

Halliburton Company released DS365.ai cloud service to help customers accelerate their digital transformation with intelligent automation. DS365.ai delivers industry specific artificial intelligence (AI) and machine learning (ML) models to enhance productivity, operational efficiency, and increase asset value. DS365.ai runs on the OSDU™ Data Platform and uses the interoperable and scalable …

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Service Companies & Manufactures

Hardbanding Solutions: Announces Updated Hardbanding Gauge

The Postle Hardbanding Gauge is a patented tool designed to assist in hardbanding and drill pipe inspection operations. It allows the hardbander, or inspector to quickly look at hardbanding to determine if re-application should be considered. It is also used to inspect new hardbands to determine if the bands were …

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Service Companies & Manufactures

CGG: Announces its Q3 2021 Results

CGG, a world leader in Geoscience, announced today its third quarter 2021 non-audited results.  Commenting on these results, Sophie Zurquiyah, CGG CEO, said: “I am encouraged by our Q3 results and more importantly by the signs of the gradually increasing demand for our core businesses, supported by the strengthening macro-environment. …

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Service Companies & Manufactures

GHGSat: Sustainable Development Technology Canada (SDTC) Announces $20 Million Investment to Advance the World’s only High-Resolution, Satellite-Based Greenhouse Gas Detection System

GHGSat, the world leader in high-resolution remote sensing of greenhouse gas emissions, announced today that it will receive CA$20 million from Sustainable Development Technology Canada (SDTC) to further advance the world’s only satellite-based high-resolution greenhouse gas monitoring system. This funding announcement is directly aligned with the Government of Canada’s and SDTC’s goal …

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Service Companies & Manufactures

TMK: Joins the Ranks of Russian Leaders in Combating Corruption

The anti-corruption protection system of the Pipe Metallurgical Company (TMK) was highly rated in the Anti-Corruption Rating of Russian Business – 2021, compiled by the Russian Union of Industrialists and Entrepreneurs (RSPP), and TMK’s Anti-Corruption Hotline was included in the top 15 of such practices in Russian companies according to …

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Service Companies & Manufactures

Dmitri Soshin, Safar Oilfield Supplies’ Regional Director for the Russian Federation, Recently Completed his Arnco Hardbanding Certification

As an Arnco-certified Operator Trainer, he is approved to certify welding operators to apply Arnco 100XT, 150XT, 300XT, 350XT, and 400XT hardbanding products in accordance with the Arnco welding specification. To help ensure that your drill pipes are protected, make sure you’re applying Arnco hardbanding and are working with certified …

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Service Companies & Manufactures

Weatherford: Announces Third Quarter 2021 Results

Weatherford International plc announced today its results for the third quarter of 2021. Third quarter 2021 revenues were $945 million, an increase of 5% sequentially and 17% year-on-year. Third quarter 2021 operating income was $71 million compared to operating income of $25 million in the second quarter of 2021 and an operating loss of $60 million in the third …

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Service Companies & Manufactures

Vertice Oil Tools Expands its Leading-Edge Completions Portfolio with Acquisition of Gryphon Oilfield Solutions’ Assets

Vertice Oil Tools Inc., a leading provider of downhole completions technology, has acquired substantially all the completions assets of Gryphon Oilfield Solutions, LLC (“Gryphon”). This acquisition expands Vertice’s geographic footprint and enhances Vertice’s ability to provide its customers with innovative completions solutions. Mohamed Saraya, CEO of Vertice, commented, “We are …

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Service Companies & Manufactures

CannSeal Unlocks a Reduction in Gas Production from a Lower Reservoir Section in a Gravel Packed Completion

In an industry first, CannSeal effectively reduced gas production from a lower zone, placing an annular plug to seal off the 20/40 gravel packed annulus and work in combination with a choke CannSeal’s ZonalSeal technology allowed for pin-point accuracy with the placement of the annular plug while installing a gravel …

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