Service Companies & Manufactures

Baker Hughes and Akastor ASA have announced an agreement to create a joint venture company (Company) that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth AS (MHWirth). The Company will deliver a global full-service offshore drilling equipment offering that will provide customers …

TMK has supplied seamless steel pipes to the Sharjah National Oil Corporation (SNOC) to transport Mahani Gas production to SNOC Sajaa Gas Plant in Sharjah, UAE. The shipment totaled over 5 thousand tonnes. The 16” (406.4 mm) pipe produced at TMK’s Volzhsky Pipe Plant is intended for use in aggressive …

TMK has agreed to buy billets for seamless pipes from EVRAZ in 2021–2022. Over these two years, TMK will purchase over 160 thousand tonnes of rolled pipe billets using formula pricing. The billets will mainly be supplied to TMK’s Sinarsky Pipe Plant. “The new two-year agreement further contributes to the strong …

ERIELL Group, an international oilfield services group and Enter Engineering (“Enter”), one of the largest EPC contractors in Uzbekistan are pleased to announce a second cohort of Uzbek students has successfully gained places at United World Colleges (“UWC”) schools, due to organisational and financial support from both companies. The UWC …

Upwing Energy, an artificial lift technology company serving the oil and gas industry, announced today that it has been independently certified as a carbon neutral company under the PAS 2060Carbon Neutrality standard. The company’s certification will benefit exploration and production companies by adding a carbon neutral company to their supply …

The present delivery timeframe of seismic acquisition projects is holding critical energy developments back, costing businesses money and posing health and safety risks for crews on the ground according to STRYDE, a pioneering seismic technology provider. Most seismic acquisition projects still use legacy cable technology despite proof nodal systems can deliver projects 4 times faster, reduce HSSE …

A 28MWe Organic Rankine Cycle (ORC) system coupled to Electrical Motor Driven (EMD) Compressor Trains working in island mode to increase the Dahshour station compression capacity of 25% without any additional fuel consumption, consequently reducing the emission of 120’000 ton CO2 per year, and saving more than 65 million of …

Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2020 revenue of $113 million, an increase of $9 million from the third quarter 2020. Orders received in the quarter increased by $32 million to $124 million. Net loss for the quarter was $33 million, or $5.85 per diluted share, compared to a net loss of $22 million, or $3.86 per diluted share, …

ERIELL, an international oilfield services group, presents information on production indicators achieved in 2020 and forecasts for 2021. Despite the difficult economic situation around the world, ERIELL demonstrated its resilience and ended the year with production indicators almost at the level of 2019. Projects were concentrated in Russia and Uzbekistan, …

Weatherford International plc (OTC Pink: WFTLF) (“Weatherford” or the “Company”) announced today its results for the fourth quarter and full-year 2020. – Revenues of $842 million in the fourth quarter increased 4% sequentially, from 15% growth in North America and 2% internationally– Fourth-quarter operating loss of $107 million and adjusted EBITDA …