Service Companies & Manufactures

Shearwater GeoServices Holding AS (Shearwater) has today completed the strategic vessel transaction with CGG, including the takeover of five high-end seismic vessels, and the five-year capacity agreement for marine seismic acquisition services between Shearwater and CGG became effective. Preparations for the joint creation of a new streamer technology company continues …

PAO TMK has confirmed its status as a leader in the field of sustainable development and social effectiveness among Russian companies. In 2019, TMK attained leading positions in rankings for best corporate practices in Responsibility and Transparency, and Sustainable Development assigned by the Russian Union of Industrialists and Entrepreneurs, or …

Subsea 7 announces changes to the Executive Management Team, effective from 1 January, 2020. John Evans is now in place as Chief Executive Officer, succeeding Jean Cahuzac who retired at the end of 2019. Jean remains on the Board of the Company as a Non-Executive Director. John has a deep …

Forward-looking statements: The following contains forward-looking statements concerning future events. These statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. January 03, 2020 – PAO TMK announces that it has closed the sale of 100% of the shares of IPSCO Tubulars …

CGG announced today that it is completing its exit from the seabed data acquisition business and has terminated the Seabed Geosolutions’ joint venture agreement effective December 31, 2019. In line with its strategy to exit the data acquisition business, CGG has agreed to transfer its 40% shareholding in Seabed Geosolutions …

The target will align Schlumberger with the goals of the Paris Agreement to reduce climate change Schlumberger announced today its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions. Schlumberger’s commitment has been submitted to the Science Based Targets initiative (SBTi) and, in line with the defined …

PAO TMK announces that the U.S. Department of Justice (DOJ) has closed its investigation of Tenaris’s proposed acquisition of IPSCO Tubulars, Inc. from PAO TMK. The proposed transaction was entered into on March 22, 2019 pursuant to a Stock Purchase Agreement between PAO TMK, one of the world’s leading producers …

Newpark is pleased to announce the recent acquisition of Cleansorb Limited, an innovative reservoir chemistry company. Cleansorb develops and applies oilfield chemical technologies that care for the reservoir, simplify wellsite treatments, and improve recovery rates in new and mature fields. Since 1994, Cleansorb has built a reputation of continuous innovation …

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 …