Service Companies & Manufactures

Weatherford International plc today announced that it has completed its financial restructuring and emerged from chapter 11 protection. The Company emerges with a stronger financial foundation having reduced approximately $6.2 billion of outstanding funded debt, secured $2.6 billion in exit financing facilities, including a $450 million revolving credit facility, secured a $195 million letter of credit facility, and …

A new compensation format will help improve efficiency as Equinor awards new framework agreements for safety and automation systems with five suppliers. The framework agreements cover operation of all the company’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway. They may also be used by the …

A North Sea operator’s well design required 9 5/8-in casing to surface with metal-to-metal connections throughout. However, the 3,604-m [11,824-ft] interval included 728 m [2,388 ft] of unstable open hole that was likely to hinder access. Long, heavy casing strings require extremely high torque to rotate, making it difficult to …

Schlumberger and Dataiku have entered into an exclusive technology partnership that will enable the E&P industry to build and deploy their own artificial intelligence (AI) solutions across the full breadth of their upstream workflows within the DELFI* cognitive E&P environment. The partnership will deliver unprecedented capabilities to petrotechnical domain experts in …

Rosgeo has completed comprehensive offshore and onshore geophysical surveys under the contract concluded with Tatweer Petroleum – Bahrain Field Development Company W.L.L. in March 2019. The purpose of the surveys was to provide a more accurate assessment of characteristics of the country’s largest oil and gas field with the potential …

Weatherford International plc with great sadness announces that William E. Macaulay, Chairman of the Company’s Board of Directors, died unexpectantly late last week. The Company extends its sincerest condolences to his family during this difficult time and expresses its gratitude for his decades of commitment and leadership. Mark A. McCollum, …

Coretrax, the specialist well construction and intervention company, has acquired Churchill Drilling Tools as part of an ongoing growth and expansion strategy. Aberdeen headquartered Coretrax, which supports global well construction, completion and plug and abandonment operations, has bases in the UK, Middle East and South East Asia and is planning …

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP method of engineering, is pleased to announce that its POS-GRIP “HG” Sealing system successfully completed an extreme temperature test verification programme from -75 to +400 °F (equivalent to -59 to + 204 …

Probe Technologies Holdings, Inc (“Probe”), a leading supplier of cased-hole logging and advanced monitoring technology to the global oil and gas and geothermal industries, continues to innovate new developments that improve logging reliability and data quality, both critical to return on investment. During the past six months, the company has introduced new patented …

of subsea equipment, has been published by DNV GL. Developed through a joint industry project (JIP), the new RP aims to streamline manufacturing processes and significantly reduce lead-time and cost. For the first time, DNVGL-RP-B204 “Welding of subsea production system equipment” provides agreed and harmonized operator requirements and best practice …