Minority Shareholders of PJSC “ChTPZ” Presented for Buyback 11.0881% of Company’s Shares as Part of Mandatory Offer of TMK
Pipe Metallurgical Company (TMK) announces the preliminary results of a mandatory offer to acquire from minority shareholders their stake in PJSC ChTPZ. As previously reported, PJSC TMK sent a corresponding proposal on April 16, 2021 in connection with the completion in March 2021 of the transaction for the acquisition of …
PXGEO Completes Acquisition of OBN Business from Fugro
The acquisition includes a substantial ocean bottom node inventory, handling equipment, related technology, intellectual property and project backlog. In addition, a significant number of personnel responsible for the successful delivery of over 44,000 sq.km. of OBN projects have accepted employment with PXGEO. Duncan Eley, CEO of PXGEO commented: “This is …
PGS and Cognite have Systemized Data to Increase PGS Vessel Speed without Jeopardizing the Seismic Acquisition Operation or the Vessel Integrity
PGS is using Industrial DataOps provided by Cognite, including Cognite Data Fusion™, to give seismic vessel operators a clear overview of the factors determining a vessel’s optimal operating speed. The solution cuts production time for PGS current fleet by more than 15 days, saves the Company more than $2 million …
Large Diameter Hardfacing Wires – Ideal for Applications where Maximum Deposit Rates are Required
Hardfacing operations tend to standardize on one size wire for every application. This helps prevent confusion for the operator and minimizes inventory of welding tips, lines, and accessories. Smaller welding wires are attractive to operators because it is easier to control the weld deposit and they require less heat input. …
TGS Announces Acquisition of Three Polcarus 3D Multi-Client Surveys
TGS ASA, a global provider of energy data and intelligence, today announced that it has acquired three 3D multi-client seismic surveys of Polarcus Plc. (‘Polarcus’) covering a total of 12,200 square kilometers offshore Australia. In addition, Polarcus has permanently waived the revenue share rights associated with the multi-client library that …
Iridium Certus® 200: Delivering an Unmatched Performance/Value Equation for Satellite Broadband Services
Iridium Communications Inc. today announced that the Iridium Certus® 200 service is commercially available for maritime, land mobile, and government markets. The new service class offers the best performance-to-value in the industry for maritime and land-mobile applications, with aviation solutions targeting late 2021. Unlike competing L-band broadband services that require a …
NewTech Services Launches Proprietary ZENITH™ Rotary Steerable System (RSS) Series
NewTech Services announces a commercial launch of its proprietary rotary steerable system Zenith™ 4 ¾”. Zenith™ 4 ¾” was designed by Wolverine Oilfield Technologies, a subsidiary of NewTech Services Holding Limited, and was first introduced on March 3rd, 2021 at the Gibson Reports Virtual Rotary Steerable Event. Zenith™ 4 ¾” …
TMK and the Moscow Innovation Agency Launch an Acceleration Program for Moscow Startups
Pipe Metallurgical Company (TMK) and the Moscow Innovation Agency have launched an acceleration program as part of the PipeIndustryTech Moscow Accelerator track. The participants were 30 teams, the best of which will get a chance to implement their projects at TMK enterprises. Startups will have a number of meetings with …
TMK Took Part in a Meeting of the Council of Foreign Investors Under the President of Kazakhstan
Pipe Metallurgical Company (TMK) took part in the 33rd plenary meeting of the Foreign Investors Council (FIC) under the President of the Republic of Kazakhstan (RK). The event, which was held in a combined face-to-face and online format, was attended by the heads of large transnational companies, heads of government …
TGT Diagnostics Names Rizkallah Ward as Chief Digital Officer
TGT Diagnostics, leaders in through-barrier diagnostics for the oilfeld, today announced the appointment of Rizkallah Ward, as Chief Digital Officer. In this new role, he will be responsible for managing all aspects of TGT’s digital transformation. Rizkallah will focus on expanding our capabilities in the arena of predictive diagnostics, as …