Service Companies & Manufactures

TGS submits a conditional offer for the multi-client data library of PGS for a cash consideration of USD 600 million The offer values the multi-client data library in excess of the full reported book value and secures PGS liquidity to repay the USD 135 million revolving credit facility due September …

Forum Energy Technologies, Inc. today announced second quarter 2020 revenue of $113 million, a decrease of $69 million from the first quarter 2020. Net loss for the quarter was $5 million, or $0.05 per diluted share, compared to a net loss of $37 million, or $0.33 per diluted share, for …

One day, you will face PCP well issues and your PCP System will fail for sure… make it fail later next time. Take failure as an opportunity to progress. Learn from it and improve: do not repeat the same mistakes, or just do it a bit better next time with …

Halliburton Company today introduced Cerebro Force™ in-bit sensors, a first-of-its-kind technology that captures weight, torque and bending measurements directly from the bit to improve understanding of downhole environments, optimize bit design and increase drilling efficiency. Built on Halliburton’s successful in-bit vibration sensing platform, Cerebro Force utilizes downhole data to reduce …

Created by 3t Energy Group, Transform revolutionises training – creating the energy sector’s first truly integrated training solution, driven by cutting-edge technology combined with 3t’s industry-leading remote learning tools.  ●        Pioneered by Paul Stonebanks OBE, Transform drives efficiencies, cuts costs and reduces industry emissions for IOCs, NOCs, and energy services …

– Total cash of $756 million as of June 30, 2020, a decrease of $8 million from March 31, 2020 – Signed financing commitment for $500 million of new senior secured first lien notes subject to certain closing conditions – Cash flows from operations of $31 million and unlevered free cash flow of $108 million – Operating loss of $497 million and adjusted EBITDA of $79 …

TMK has completed diagnostics of its Russian division’s facilities in preparation for a project to automate its operational management system, including its production planning and manufacturing execution system (MES). An integrated solution will be designed and rolled out based on the PSImetals product by German metallurgy software developer PSI under a …

Pelican Energy Partners LP is pleased to announce the acquisition of Noralis, Inc. as part of the Gordon Technologies LLC platform of companies providing measurement while drilling products and services to the directional drilling sector of the oil and gas industry.  Pelican partnered with Gordon in October 2017 and invested …

COMING SOON: Drillmec’s Webinars Series Designed For You Drillmec will be starting a series of client specific webinars and podcasts featuring products and know how to better serve you. The first two are showcasing a) the evolution and functioning of drawworks and b) the remote assistance services through new technology. …

Remote Training and Monitoring Procedures Enable Successful Installation Using a Restricted Crew. Weatherford International plc announced it successfully and remotely used a restricted crew to install a 16-inch liner hanger on an offshore platform in Sakhalin Island, Russia during the COVID-19 lockdown. Remote training and monitoring procedures enabled the successful …