Service Companies & Manufactures

Weatherford International plc today announced its Production Optimization Software Platform increased production by nearly 6,000 barrels per day, boosting revenue by $156 million over three years for a Middle East operator. The Weatherford production optimization software platform enabled the customer to automate production monitoring, analysis, and optimization asset-wide for 1,700 …

What influenced your decision to enter the oil and gas industry? My father spent his career in the oil & gas business, albeit in the downstream retail sector selling finished products for of some of the big names around town and finally with Chevron where he retired so, starting my …

Wellbore Integrity Solutions (WIS) and Lee Energy Systems (LES) jointly announce a strategic, operational, and distribution alliance agreement for Lee Energy Systems’ portfolio of innovative products and technologies. Under the terms of the agreement, Wellbore Integrity Solutions shall have exclusive rights in numerous countries globally to market and provide Lee …

Weatherford International plc today announced that Karl Blanchard, Executive Vice President and Chief Operating Officer, will assume the role of Interim Chief Executive Officer, reporting directly to the Board of Directors, until a permanent President and Chief Executive Officer has been appointed. In addition, Christian Garcia, Executive Vice President and Chief …

Drillmec Top Drives stories of success Drillmec is proud to announce that even during the current challenging period, it was able to secure several top drive orders. Fifteen (15) new units, nearly covering the whole product range of Drillmec’s hydraulic and electric top drives, will be operating in Saudi Arabia, …

Schlumberger announced today that it has entered into a collaboration agreement with China Petroleum Logging Co. Ltd (CNPC Logging), a subsidiary of China National Petroleum Corporation (CNPC), to jointly manufacture wireline downhole technology in China. The agreement will strengthen the commercial and technical collaboration between the two companies and aligns …

A drone has successfully inspected a 19.4 meter high oil tank on board a Floating Production, Storage and Offloading vessel.  The video shot by the drone was interpreted in real-time by an algorithm to detect cracks in the structure.  It is the latest step in a technology qualification process that …

TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, today announced its Dynamic Matching Full Wave Inversion (DM FWI) technology. The new imaging approach uses seismic reflection and refraction information to automatically update the velocity model, enabling high-quality images in geologically complicated areas. DM FWI delivers a step-change …

Weatherford International plc today announced that Mark A. McCollum, President, Chief Executive Officer and a director, has left the Company, effectively immediately. Karl Blanchard, Executive Vice President and Chief Operating Officer, and Christian Garcia, Executive Vice President and Chief Financial Officer, will form the Office of the Chief Executive, reporting …

We are proud to announce that during the next weeks Drillmec’s team will be completing the factory rig-up and commissioning activities of the MASS6000 land rig package headed to multinational renewable energy company Enel Green Power, the Italian based, global leader in geothermal drilling. The renowned and well referenced MASS6000 …