varel

Varel Energy Solutions (“VES”) today announced it has acquired Sledgehammer Oil Tools (“Sledgehammer”), an international leader in the supply of oilfield casing, cementing and completion products. This transaction further strengthens VES’s robust portfolio of casing and cementing products, fueled by the legacy brand of Downhole Products, enabling the organization to …

Varel International Energy Services (Varel), a long-standing provider of drilling and downhole solutions, today announced its redefining vision for business growth supported by a fresh, new brand enabling a strong narrative around Varel’s people, approach and customer experience.  The enterprise announces Varel Energy Solutions (VES) as the new company name …

1. The crash in the oil price has had a major impact on global oil and gas projects. Russia has also had to deal with sanctions and the exchange rate drop. What impact has this had on Russian demand for drill bits? How are you dealing with the situation? Halliburton: …

Challenge Bakken is a soft shale play where increased rates of penetration can be obtained. The overarching goal is to achieve a one-bit lateral run (~9,500’) without having to trip; and if a rig has to trip in the lateral section it is usually because of tool failure and not …

NewTech Services (NTS) and Varel International announce the creation of a 50-50 joint venture company focused on manufacturing, assembling, servicing and sales of oil and gas drill bits for the Russian CIS market and beyond.  The joint venture, Varel NTS, will establish a state-of-the art PDC manufacturing and service facility …