oilfield services

The transition from a fragmented approach in procurement activities to a unified group-wide procurement management system made it possible to increase efficiency and completely abandon imported software in the management of material and technical resources. Evgeny Terletsky, Head of Production Planning at TAGRAS Holding, spoke about this in more detail. …

American oilfield services company Halliburton is discussing commercial terms for operating in Venezuela with clients, CEO Jeff Miller said. “We are having excellent discussions with clients. We are discussing commercial terms (for operations in Venezuela),” Reuters quoted Miller as saying. The agency notes that interest in Venezuela has sharply increased …

In 2025, the geophysical division of TAGRAS Holding demonstrated steady growth in the segment of directional drilling. Despite a challenging market environment, the division not only maintained but expanded its client base, and also reached a new level of cooperation with a number of partners. The key result is the …

United Metallurgical Company (OMK) received the regional I.P. Kulibin Award for the best invention of the year in the Nizhny Novgorod Region. The award was granted for the development of the premium threaded connection OMK Vega for casing pipes designed for the development of complex oil and gas fields. The …

TMK (Pipe Metallurgical Company) and the TMK2U Corporate University partnered the team-based industrial problem-solving competition “I Am an Engineer”, held at the Ural Federal University (UrFU). Participants were tasked with solving two relevant engineering challenges closely aligned with real production processes. In the “Materials Technology” track, they were required to …

Deputy Director for Marketing and Sales of a division of TAGRAS Holding, Mikhail Yakovlenko, on the development plans of Sistema-Service Group in 2026. – Mikhail Valeryevich, as of the beginning of 2026, the active client base of the Sistema-Service division includes more than 150 customers. Which areas are you developing? …

The Russian oilfield services sector is making a significant technological step forward. The geophysical division of TAGRAS Holding has developed several high-tech solutions for the study and development of oil and gas wells. These are technologies that were previously supplied to the market mainly by international service companies. Perforation Control …

The world’s largest oilfield services company SLB (formerly Schlumberger) has begun partially scaling back its operations and has also suspended transit shipments in the Middle East due to the escalation of the situation, according to the company’s press release. The United States and Israel on February 28 began carrying out …

SLB’s performance improvement occurred due to stable demand for its services in certain international regions, which helped offset the slowdown in drilling operations in North America, Mexico, and Saudi Arabia. The company, the first among the major American oilfield service providers to release its report, had previously noted reduced activity …

The Number of Active Oil and Gas Rigs Worldwide Decreased by 40 in May Compared to the Previous Month, Mainly Due to North America, According to U.S. Oilfield Services Company Baker Hughes. On average, 1,576 rigs were operating worldwide, compared to 1,616 in April. The May level was also 99 …