New RPI Report : Russian Market of Directional and Horizontal Drilling Support Services 2021
RPI offers you the analytical report “The Russian market of services to support the directional and horizontal drilling: the current status and development scenarios in 2021-2030 gg.” This report analyzes the state of one of the most promising segments of the oilfield services market – the drilling support market – …
Welltec Signs Long-Form Contract with Saudi Aramco
Welltec® is pleased to announce the agreement of a Long-Form Contract (LFC) with Saudi Aramco. Following an extensive approval process, the deal will see Welltec deliver Completion products and services across the Saudi Aramco portfolio in any environment. “Welltec began installing WAB® * metal expandable packers for Saudi Aramco in …
TMK Took Part in an Environmental Campaign as Part of the All-Russian Subbotnik
The Seversky Pipe Plant (STZ), part of the Pipe Metallurgical Company (TMK), took part in a regional environmental campaign timed to coincide with the All-Russian Subbotnik. The event, organized jointly with the All-Russian Society for Nature Conservation, took place in the town of Polevskoy and coincided with the celebration of …
“Get Rid of the Workover Crew, Not the ESP”: Novomet Took Part in the East Siberian Forum
A report on ColibriESP technology was presented at the forum “EASTERN SIBERIA ‘2021” by Danila Martyushev, Director of the Department of Innovative Development of JSC “Novomet-Perm”. The advantages of this technology (lowering of equipment on a load-carrying cable) include accelerated installation and dismantling, accelerated lowering and lifting using a geophysical …
TMK Sent Shareholders of PJSC “ChTPZ” an Offer to Buy Out their Share of Shares
Pipe Metallurgical Company (TMK) has sent a proposal to the minority shareholders of PJSC ChTPZ to buy out their share of shares. The mandatory offer was sent in accordance with the requirements of the legislation in connection with the acquisition of 86.54% of shares in PJSC ChTPZ by TMK in …
TMK Announces that Expert RA Rating Agency (Expert RA JSC) has Raised TMK’s National Scale Credit Rating to ruA + with a Stable Outlook
JSC “Expert RA” notes that after the closing of the transaction for the acquisition of 86.54% of shares in PJSC “ChTPZ” TMK will strengthen its market and competitive positions. The agency believes that the deal will lead to some increase in TMK’s debt burden, but at the same time it …
TMK Announces Completion of Transaction for Acquisition of 86.54% of Shares in PJSC “ChelPipe” from Controlling Shareholder Andrey Komarov
The scope of the transaction includes production, sales and service assets, scrap procurement and processing, and other assets related to the activities of the pipe and pipeline division of PJSC “ChelPipe”. The oil services division Rimera Group was not included in the deal. TMK expects new synergy from the deal, …
Halliburton Launches Advanced Material Science Completions Technology
Halliburton Company today introduced the Ovidius™ expanding isolation system, a new packer that transforms from an engineered metal alloy into a rock-like material when it reacts with downhole fluids, creating a long-lasting seal for improved well integrity. Operators can deploy Ovidius in wellbore isolation applications, where it will provide the …
ChelPipe Introduced Gas Cleaning Equipment with a Purification Rate of 99.9%
Chelyabinsk Pipe-Rolling Plant (ChTPZ), part of the Pipe Metallurgical Company (TMK), has implemented the first stage of the project for the implementation and reconstruction of gas cleaning equipment. A new unit was put into operation at the enterprise, which allows cleaning up to six million cubic meters of polluted air annually …
TMK Takes Fourth Place at the steelChallenge World Championship of Steelmakers
The Pipe Metallurgical Company (TMK) took fourth place in the steelChallenge, an online world championship of steelmakers, which is held annually by the World Steel Association. This year the competition was held for the 15th time. TMK has been taking part in it for the second year in a row and …