UOR News

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.

Rubicon Oilfield International: Acquires World Oil Tools

Rubicon Oilfield International: Acquires World Oil Tools

Rubicon Oilfield International today announced it has acquired the assets and operating business of World Oil Tools Inc., a leading manufacturer and supplier of specialty inflatable products and technology consumed in downhole completions operations

New Skoltech Lab Revolutionises Approach to Difficult Oil Deposits

New Skoltech Lab Revolutionises Approach to Difficult Oil Deposits

he Skolkovo Institute of Science and Technology (Skoltech) unveiled its Center for Hydrocarbon Recovery’s new state-of-the-art laboratory on June 6 during the annual Startup Village, when Deputy Prime Minister Arkady Dvorkovich and Skolkovo Foundation president Victor Vekselberg visited...

Gazprom and RusGazDobycha Sign Memorandum of Intent

Gazprom and RusGazDobycha Sign Memorandum of Intent

Alexey Miller, Chairman of the Gazprom Management Committee, and Artem Obolensky, Director General of RusGazDobycha (a special-purpose company established by National Chemical Group), today signed in St. Petersburg a Memorandum of Intent...

Baker Hughes: Launches TerrAdapt Adaptive Drill Bit

Baker Hughes: Launches TerrAdapt Adaptive Drill Bit

Baker Hughes announced today the commercial release of its TerrAdapt™ adaptive drill bit, which can deliver dramatic improvements in drilling economics by using automation to mitigate downhole dysfunctions that cause inefficient drilling and costly tool failures