VAM Drilling,
Boulogne-Billancourt, France, has agreed to acquire Dubai-based DPAL FZCO from the Soconord Group. Terms of the agreement aren't disclosed. DPAL FZCO's plant in Dubai's Jebel Ali Free Zone offers a large range of drill pipe and has a capacity of 25,000 joints/year. The acquisition bolsters VAM's presence in the Middle East, providing local manufacturing for its major international customers operating in the region as well as local state-owned operating and drilling companies. The Middle East is a growing market for premium drilling pipe products.
VAM is a subsidiary of Vallourec, a world leader in the production of seamless steel tubes.
FMC Technologies Inc.,
Houston, has agreed to acquire Multi Phase Meters AS (MPM), Stavanger, for an initial cash payment of $30 million and two earn-out payments based on 6.6 times 2012 and 2013 EBITDA (earnings before income tax, depreciation, and amortization). The deal is expected to close in the fourth quarter and be accretive in 2011.
FMC designs, manufactures, and services subsea production and processing systems, surface wellhead systems, high-pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry.
MPM is a global leader in the development and manufacture of high-performance multiphase flow meters for the oil and gas industry.
Intermoor do Brasil Servicos Offshore de Instalacao Ltda.,
Rio de Janeiro, has named Andre Pallares health, safety, and environment assistant. Pallares will be in charge of coordinating all HSE requirements for Brazil operations. Previously, he was technical assistant at Maersk Oil Brasil Ltda., and H2S supervisor trainee for Maersk H2S Safety Services. Pallares has experience in areas such as calibration, inspection, maintenance, and organization of personal protective equipment.
InterMoor, an Acteon company, is a leading supplier of mooring technology, providing solutions for rig moves, mooring services, and subsea foundations, including engineering and design, survey and positioning, fabrication, and subsea services.
eLynx Technologies,
Tulsa, has opened a new field services and business development office in Lander, Wyo. The new office will serve Wyoming, Colorado, Montana, Utah, Idaho, North Dakota, South Dakota, and other western states. The Lander office will help support the company's expanding SCADALynx customer base in the Bakken shale and Uinta Basin.
eLynx provides real-time data collection, production reporting, trending, well monitoring, and control via the Internet for the oil and gas industry.
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