Florence, Italy, has agreed to acquire John Wood Group PLC's well support division for about $2.8 billion. The deal is expected to close later this year, subject to customary approvals and closing conditions. The well support division comprises business groups for electric submersible pumps, pressure control, and logging services. The acquisition would provide GE entry into the artificial lift business and expand its offering in unconventional oil and gas production. Additionally, Wood Group and GE have agreed to negotiate a potential commercial arrangement on turbomachinery services.
GE Oil & Gas is a world leader in advanced technology equipment and services for all segments of the oil and gas industry, from drilling and production, LNG, pipelines, and storage to industrial power generation, refining, and petrochemicals. GE Oil & Gas also provides pipeline integrity solutions. It is part of GE, a diversified infrastructure, finance, and media company.
Wood Group is an international energy services company with three divisions—engineering and production facilities, well support, and gas turbine services—that provide engineering, production support, maintenance management and industrial gas turbine overhaul and repair services to the oil and gas and power generation industries worldwide.HB Rentals,
HB Rentals is the world's largest supplier of temporary onshore and offshore accommodation modules, operating from Broussard, Aberdeen, and Singapore. It is part of New Orleans-based Superior Energy Services, a leading provider of specialized oil field services and equipment focusing on production, intervention, workover, well services, and rental tools.Petris Technology Inc.,
Houston, has agreed to provide Norway's Statoil AS borehole data management technology that would allow the operator to manage and ensure the quality of data flow from the drilling rig and throughout the organization. Statoil would leverage PetrisWINDS Recall software to provide automated data quality verification and data publishing workflow and PetrisWINDS Enterprise to integrate data from several internal and third-party petrophysical applications within existing corporate workflows at Statoil.
Petris is a leading supplier of practical data management solutions and geosciences applications to the global energy industry.Knowledge Reservoir Inc.,
Knowledge Reservoir provides geoscience and engineering consulting and resource solutions to clients worldwide.Regal Performance Welding,
Lafayette, La., has agreed to merge with Stabiltec Downhole Tools, Parks, La. The Stabiltec Regal division will remain at its current location in Broussard, La. Current Regal Pres. Keith Boutte has been named vice-president of business development for Stabiltec. He has more than 30 years of precision welding, hard coating, and downhole motor experience.
Stabiltec is a fully integrated, high-precision manufacturing facility for the production of new stabilizers and machine shop/repair center for refurbishing used stabilizers and other downhole tools. Stabiltec also manufactures mud motor stabilizers, housings, mandrels, subs, flex collars, stubbing for rotors and stators, API rotary connections, lift subs, and API drill pipe crossover subs.
Regal uses proprietary techniques in the application of hard surface coatings to extend the life of downhole tools.Topnir Systems SAS,
Aix en Provence, France, has opened two new offices in Asia. James Ooi was named manager of business development for the new Singapore office. He has many years of experience in the Asian refining industry. Hu Xin will head up the Topnir China support and service center in Beijing, hosting a technical team for local service in China. Xin has worked for more than 10 years in the refining industry.
Topnir provides near-infrared analyzers, offering a full suite of online and at-line systems, as well as laboratory analyzers and modeling services to the downstream industry.