UOR News

Rosneft: Agrees Samotlor Development Program

Rosneft: Agrees Samotlor Development Program

Rosneft Board of Directors affirmed key parameters for Samotlor field development program. As for today, total oil output at Samotlor exceeds 2.7 btoe. Over 19,000 wells were drilled at the field...

NOV: To Acquire Vallourec Drilling Products for $63m

NOV: To Acquire Vallourec Drilling Products for $63m

Vallourec announces that, after negotiations run with the US oil services company NOV, it has received a binding offer for the purchase of Vallourec Drilling Products business, for a total cash amount of US$63 million...

GE: To Divest Baker Hughes?

GE: To Divest Baker Hughes?

GE‘s new CEO’s plans stick to health care, power and aviation, stop short of breakup. General Electric Co.’s new leader plans to unveil a road map Monday for the conglomerate...

Emerson Agrees to Acquire Paradigm

Emerson Agrees to Acquire Paradigm

Emerson has agreed to acquire Paradigm®, a leading provider of software solutions for the oil and gas industry, for a purchase price of $510 million, reflecting a multiple of 13 times expected 2017 EBITDA...

TMK: Launches ТМК UP CENTUM Thread on Casing Pipe

TMK: Launches ТМК UP CENTUM Thread on Casing Pipe

TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has become the first Russian manufacturer to start the production of casing pipe with unique TMK UP CENTUM threaded connections...

GE and Baker Hughes: Merger Expected to Close 3rd of July

GE and Baker Hughes: Merger Expected to Close 3rd of July

Baker Hughes Incorporated today announced that more than 99% of the votes cast at the special meeting of Baker Hughes stockowners were voted to approve the previously announced combination of Baker Hughes with General Electric...

GE & Baker Highes Merger: Clears USA DoJ – GE to Divest GE Water

GE & Baker Highes Merger: Clears USA DoJ – GE to Divest GE Water

Baker Hughes Incorporated and General Electric Company announced today that they have reached an agreement with the Department of Justice that would allow the parties to complete their proposed transaction under U.S. law. Today’s milestone represents significant progress toward.