Service Companies & Manufactures

KCA Deutag today announces that it’s land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe.  Middle East Following the announcement we made in March that a client had reserved three rigs for an option period, we can now confirm that these have …

Weatherford International plc announced today that Christoph Bausch will step down as Executive Vice President and Chief Financial Officer effective November 14, 2019 to pursue other opportunities.  He will remain with the Company through November 30, 2019 to transition his responsibilities.  Mark A. McCollum, President and Chief Executive Officer for Weatherford, commented, “On behalf of the Board …

Weatherford International plc announced today that Christian Garcia has been appointed Executive Vice President and Chief Financial Officer, effective January 6, 2020. Christian has more than 30 years of financial experience and has held leadership roles in the oilfield services, automotive electronics, software and consulting, and business equipment industries. Christian recently served …

Weatherford International plc (OTC-PINK:WFTIQ) and partners raised and donated more than $370,000 to four Houston-area non-profit organizations as a result of the 2019 edition of their annual Weatherford Walksevent, held November 9. The proceeds will be shared equally between the Houston Area Women’s Center, Camp Hope, Small Steps Nurturing Center, and Spindletop Charities. Since its inception, Weatherford Walks has raised …

A Revolution in Performance To respond to the industry’s demand for more accurate wellbore placement, Gyrodata launched a new solid-state gyro-while-drilling (GWD) system powered by our SPEARTMtechnology. This ground-breaking technology powers our QuestTM GWD and QuestTM Lite GWD systems. Quest GWD enables operators to mitigate the costly risk of a collision throughout …

TechnipFMC and DNV GL have entered into a partnership to develop the oil and gas industry’s first methodology for qualifying the integrity of digital twin technology. The methodology aims to bring a level playing field to the sector’s varying technical definitions of, and expectations toward, digital twins. It will set a …

Halliburton Company today released PixStar™ High-Resolution Ultrasonic Imaging Service, a new logging-while-drilling technology that provides real-time images of the borehole to help operators identify fractures, improve wellbore stability and optimize completion design. When drilling with oil or water-based fluids, operators must understand the location and frequency of natural fractures to determine …

Weatherford International plc introduced ForeSite® Flow today at ADIPEC 2019. It is the first-ever flow-measurement solution driven by Production 4.0 intelligence.  Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8413155-weatherford-introduces-foresite-flow-at-adipec-2019/ ForeSite Flow is a full-range, non-nuclear multiphase flowmeter paired with Weatherford ForeSite intelligence. Built for every production environment from heavy oil to wet gas, …

Saipem and Daewoo E&C Co. Ltd have signed a strategic agreement for cooperation on targeted worldwide opportunities in the onshore oil and gas industry, with specific emphasis on the LNG sector.  By combining both companies’ assets and expertise in engineering, procurement and construction of onshore facilities, the two companies will …

Parker Drilling Company today announced results for the third quarter ended September 30, 2019, which included a net income of $4.0 million, or diluted earnings of $0.27 per share, on revenues of $160.1 million. Third quarter Adjusted EBITDA was $36.6 million (1). Gary Rich, the Company’s President and CEO, said, “Despite the …