Expro and Frank’s Complete Merger, Creating a New Full-Cycle Energy Services Leader
Expro Group, an international energy services company with market leadership in well access and well flow optimization, today announced it has completed its previously announced merger with Frank’s International N.V. (NYSE: FI), a global oil services company offering a broad range of highly engineered drilling and completions solutions and services. …
Saipem: Signs Agreement with WSense for Development of Communication Networks for Underwater Drones
Saipem and WSense, an Italian start-up in the field of innovation, have signed a cooperation agreement for developing complex communication networks for subsea drones. These so-called multi-purpose intelligent nodes will be designed and qualified by Saipem and WSense to be interfaced to underwater drones engineered and operated by Sonsub, Saipem’s …
CGG Announces the Closing of GeoSoftware Business Sale for a Total Cash Consideration of US$95 million
CGG S.A. is pleased to announce today the completion of the previously announced sale of CGG’s GeoSoftware business to Topicus.com Inc. (“Topicus”) and Vela Software (“Vela”) for the total cash consideration of US$95 million (subject to certain customary closing adjustments). This transaction was effective October 1, 2021. About CGG CGG …
Zoltav Resources: Project Finance for East Bortovoy Development
Zoltav, the Russia-focused oil and gas exploration and production company, announces an update regarding the Company’s plans to commercialise the eastern fields of the Bortovoy Licence, Saratov. Project Finance Diall Alliance LLC (“Diall Alliance”), the Company’s wholly owned Russian operating subsidiary which holds the Bortovoy Licence, has entered into two non-revolving …
Baker Hughes’ Subsea Drilling Systems and MHWirth: Complete Merger to from HMH
The merger of Baker Hughes’ Subsea Drilling Systems business and Akastor’s wholly-owned subsidiary, MHWirth AS, has been completed to form a global offshore drilling equipment company. The new company will be known as HMH (“the Company”), and as previously announced, Baker Hughes and Akastor own equal equity in the Company. HMH …
Schlumberger and AVEVA Announce Agreement to Advance Digital Solutions for Oil & Gas Production Operations
Schlumberger and AVEVA today announced an agreement to integrate edge, AI and cloud digital solutions to help operators optimize oil and gas production. The companies will work together to streamline how energy operators acquire, process and action field data for enhanced wellsite efficiency and performance. Initial focus of the collaboration …
Gardner Denver High Pressure Solutions Becomes GD Energy Products
Gardner Denver High Pressure Solutions has been renamed GD Energy Products to better reflect its commitment to the upstream oil and gas market. Gardner Denver High Pressure Solutions has long held a strong position as a premier market leader in the manufacturing, service and repair of high-pressure pumps and related …
Vysus Group: Appoints New Chief Financial Officer to Help Drive Business Growth
Geoff Morrison has been appointed as CFO of Vysus Group to help drive and support the next stage of the business’s development. Geoff has more than 20 years of experience working in the energy industry, with previous roles leading global finance and operational teams across transnational businesses. Based in the …
SPE Paper Shows Drilling the Rig on a Simulator (DWOS) Boosts Human Performance by 63%
DWOS project to train Petronas crew members for a specific deep-water drilling campaign has shown how human performance can be improved by 63% by drilling the well on a simulator beforehand. Details of the project’s success have been presented at the Society of Petroleum Engineers (SPE) in a Whitepaper entitled …
TMK: Discusses Hydrogen Energy Development Projects on Sakhalin
Pipe Metallurgical Company (TMK) demonstrates high-tech pipe solutions and discusses the development of hydrogen energy and offshore projects as part of the Sakhalin Oil and Gas 2021 Far Eastern Energy Forum, which is taking place in Yuzhno-Sakhalinsk from September 28 to 30. The TMK exposition at the forum presents pipes …