TMK Will Take Part in the GOSZAKAZ Exhibition
Pipe Metallurgical Company (TMK) will present high-tech pipe solutions at the 16th All-Russian Forum and Exhibition GOSZAKAZ. The TMK stand will display samples of TMK UP premium threaded pipe connections designed for hydrocarbon production in difficult operating conditions. Visitors to the exhibition will also be able to familiarize themselves with …
Baker Hughes and Horisont Energi Sign MoU for Groundbreaking Offshore Barents Sea Carbon Capture, Transport and Storage Project
Baker Hughes and Horisont Energi AS have signed a memorandum of understanding (MoU) for the Polaris carbon storage project off the northern coast of Norway. Under the agreement, the two companies will explore the development and integration of technologies to minimize the carbon footprint, cost and delivery time of carbon capture, transport …
Fugro Nominates Barbara Geelen as New CFO
The Supervisory Board of Fugro N.V. has decided to nominate Barbara Geelen for appointment as member of the Board of Management and Chief Financial Officer per 12 May 2021. She has been Chief Financial Officer at HES International for the past seven years. Barbara Geelen will succeed Paul Verhagen, who …
Equinor Annual and Sustainability Reports for 2020
“2020 was an extraordinary year with the pandemic causing human suffering and market turmoil. I am impressed by our employees’ hard work during this year, to keep people safe and operations running. We delivered solid operational performance during this demanding year, but our results were heavily impacted by the low …
NexTier Announces Successful Field Testing of NOV Electric Frac System
NexTier Oilfield Solutions Inc. (NYSE: NEX) and NOV, Inc. (NYSE: NOV) today announced the recent completion of the first phase of field testing of NOV’s electric fracturing system known as the Ideal™ eFrac pump. The Ideal eFrac pump provides efficient, environmentally conscious hydraulic fracturing capabilities that dramatically reduce emissions, equipment, and …
Former EY Leader Joins 3t Energy Group to Drive Continued Global Growth
Training and technology leader, 3t Energy Group, has appointed a new finance director for its training division to help drive ambitious global growth plans. Chris Durling comes to 3t Energy Group from EY, where he led the Aberdeen transactions business and EY’s focus on energy services in the UK. Chris …
CRP Subsea Helical Buoyancy Awarded by Maersk Drilling
Trelleborg Offshore UK Ltd today announced a management buy-out of the UK, Skelmersdale-based business from the parent Trelleborg Group with financing provided by Praetura Corporate Finance. New owners, Alan Burgess and John Drury, expect that the buy-out will renew focus and improve performance towards it’s key customers in the Oil …
Tenaris: Becomes Service Provider After Acquisition of Baker Hughes’ Fracturing and Wireline Units in Argentina
Tenaris announced today it has completed the acquisition of onshore hydraulic fracturing and wireline assets from Baker Hughes Argentina, including a pressure pumping fleet, coiled tubing unit and related equipment. Javier Martínez Álvarez, Tenaris President for the Southern Cone stated: “This acquisition will enable us to become a relevant player in …
TMK: Announces the Completion of the Transaction for the Acquisition of 86.54% of Shares in PJSC “ChTPZ” from the Controlling Shareholder Andrey Komarov
The perimeter of the transaction included production and sales and service assets, scrap procurement and processing, as well as other assets related to the activities of the pipeline division of PJSC ChTPZ. The Rimera Group’s oilfield services division was not included in the deal. TMK expects to obtain significant synergies, …
TMK-Kaztrubprom Won the Competition for Social Responsibility of Business in Kazakhstan
A subsidiary of the Pipe Metallurgical Company (TMK) in Kazakhstan, TMK-Kaztrubprom, became a laureate of the Paryz competition for social responsibility of business in the nomination “The best enterprise in the field of labor protection”. The diploma was presented at a meeting of the city trilateral commission on social partnership …