Service Companies & Manufactures

Through a private placement, Kongsberg Digital acquires additional shares in NorSea Digital, now KONCIV, together with the private investor Jacob Møller. NorSea remains its largest owner. The company provides digital logistics services through its cloud solution. Kongsberg Digital, a subsidiary of the Kongsberg Group, is a leading software company witihin …

National Oilwell Varco, Inc. announced today that during its regularly-scheduled meeting, the Board of Directors elected to suspend the Company’s quarterly dividend until further notice. “With the view that capital is becoming increasingly scarce and valuable within our industry, we believe that it is in the best long-term interest of …

Forum US, Inc. and Howe-Baker International Ltd., Howe-Baker LLC, Howe Baker International LLC and Omid Malek (collectively “Howe Baker International Ltd.”) have settled a lawsuit in which Forum US, Inc. had accused Howe-Baker International Ltd. of violating the Federal Lanham Act based on several statements that appeared on Howe-Baker International Ltd.’s website. Howe-Baker International Ltd. states such statements were inadvertently included on the …

PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the three months ended March 31, 2020. The Group management decided to use the Russian rouble instead of the US dollar as the presentation …

PAO “TMK”, one of the world’s leading producers of tubular products for the oil and gas industry, announces that the Board of Directors of TMK has recommended today that its shareholders accept the voluntary tender offer made by “Volzhsky Pipe Plant”, Joint stock company (“ VTZ ”), a wholly-owned subsidiary of …

Baker Hughes announced today that the Baker Hughes Board of Directors declared a cash dividend of $.18per share of Class A common stock payable on June 5, 2020 to holders of record on May 26, 2020. About Baker Hughes: Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to …

As previously announced, on March 19, 2020, Parker Drilling Company (the “Company”) filed with the State of Delaware certificates of amendment to the Company’s certificate of incorporation, which became effective upon filing, to effectuate a 1-for-50 reverse stock split, which was followed immediately by a 50-for-1 forward stock split. As …

Weatherford International plc today announced its ForeSite® Production-Optimization Platform demonstrated $18 million in annual savings for a Fortune 500 producer by delivering measurable improvements in efficiency, uptime and production. The compelling combined results persuaded the operator to order a global rollout of Weatherford’s field-wide intelligence platform to maximize production across their U.S. and international …

Reference is made to the announcement on May 3, 2020, by Quintana Energy Services Inc., whereby QES outlined its plan to merge with the Nasdaq listed U.S. onshore oilfield services company KLX Energy Services Holdings Inc. in an all-stock transaction. KLXE and QES plan to combine their services, establishing an …

Gyrodata, Incorporated  today announced the sale of its directional drilling business to Intrepid Directional Drilling Specialists, Limited, a leading independent directional drilling services provider to North American customers. The sale includes effectively all of Gyrodata’s directional drilling personnel, as well as its high-performance drilling motors and MWD tools. This combination …