Service Companies & Manufactures

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, 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 …

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 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 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 …

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 …

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 …

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 …

NOV Inc. today announced Scott K. Duff Vice President, Corporate Controller and Chief Accounting Officer, notified the Company of his intention to retire. Mr. Duff will step down from his current role effective November 1, 2021 and remain employed as an advisor until his retirement on February 28, 2022. Christy …

An urgent change of mindset and a massive redirection of spending from carbon-heavy investment into clean energy is needed if an affordable transition that meets the Paris Agreement is to be achieved, says DNV in its special report: “Financing the Energy Transition“. The financial markets, supported by policy and regulation, …