Search results for: Artificial Lift

32677 results

A list of search results

  • 2 July 2013

    GE Oil & Gas yesterday announced that it has completed its acquisition of Lufkin Industries, Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears based in Lufkin, Texas, for approximately $3.3 billion. The move broadens GE Oil & Gas’ artificial lift capabilities with solutions […]

  • 11 May 2018
    Business & Finance, Equipment, Operations & Maintenance

    Weatherford has reached a memorandum of understanding (MOU) with Valiant Artificial Lift Solutions to jointly commercialize, market and service electrical submersible pumps (ESPs). The pumps are designed for productivity in harsh, abrasive, corrosive and otherwise challenging downhole environments. The MOU creates market-expansion opportunities for both companies. For Weatherford, the addition of the ESP enhances the […]

  • 16 May 2014
    Business & Finance, Equipment

    The global artificial lift market is experiencing a growth of around 9.5% per annum as a result of an increased usage by operators looking to extend field life and increase production. The 2014 SPE European Artificial Lift Forum, which takes place in Aberdeen next month, presents a timely opportunity for professionals working in this sector […]

  • 12 June 2014
    Equipment

    An Aberdeenshire company is launching whate they call ‘a world-first in artificial lift technology which is set to deliver significant reductions in operating costs and production time.’   RMSpumptools will be showcasing three of its products at EuALF 2014 next week after a seven-figure investment. The firm recently invested over £2million in research and development into […]

  • 7 February 2012
    Business & Finance

    Aberdeen will be welcoming artificial lift experts from across Europe at this year’s European Artificial Lift Forum (EuALF). Region Vice President and Managing Director of Apache North Sea, Mr Jim House, will take the role of keynote speaker at the 2012 forum. The EuALF, organised by the Society of Petroleum Engineers (SPE), takes place at […]

  • 8 April 2013

    GE and Lufkin Industries Inc. announced today a joint agreement whereby GE will acquire Lufkin Industries Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears, for approximately $3.3 billion. Lufkin shareholders will receive $88.50 per share in cash for each of their Lufkin shares. […]

  • 8 April 2013
    Business & Finance, Equipment

    GE  and Lufkin Industries Inc.  announced today a joint agreement whereby GE will acquire Lufkin Industries Inc., a leading provider of artificial lift technologies for the oil and gas industry and a manufacturer of industrial gears, for approximately $3.3 billion. Lufkin shareholders will receive $88.50 per share in cash for each of their Lufkin shares. […]

  • 14 February 2014
    Business & Finance

    Artificial Lift’s President and Chief Executive Officer David Malone announced the company has moved its headquarters from Great Yarmouth, United Kingdom to Houston, Texas. Artificial Lift Company is an oil and gas service company situated in the Westchase District near the Energy Corridor. The company’s offices and warehouse total 28,000 square feet with 40 employees based […]

  • 6 August 2014
    Business & Finance, Equipment

    Artificial Lift Company (ALC) has changed its name to AccessESP, saying it would now better communicate the value proposition of the company’s unique and practical electric submersible pump (ESP) conveyance technologies. The company unveiled its name, logo and website today.     AccessESP’s new name reflects the industry’s need to radically simplify the process of […]

  • 9 May 2014
    Equipment

    Artificial Lift Company (ALC) has successfully deployed its Advantage™ Rigless Electrical Submersible Pump (ESP) System for Total E&P Congo in the Republic of Congo. The rigless system was successfully installed, conveyed and retrieved on a System Integration Test water well in the Djeno field. Total will now include the Advantage system in future wells offshore. […]

  • 5 July 2017
    Equipment

    Oilfield services company Halliburton has acquired Summit ESP, a supplier of electric submersible pump (ESP) technology and services. Halliburton said the acquisition of Summit’s artificial lift offerings and “industry-leading customer service” strengthened Halliburton’s artificial lift portfolio for its global customers. “The acquisition of Summit expands Halliburton’s existing artificial lift capabilities and increases our overall leading […]

  • 26 June 2014
    Business & Finance, Operations & Maintenance, Research & Development

    Hurricane Energy plc, has successfully completed the testing phase of its key horizontal appraisal well in the Lancaster fractured basement oil discovery West of Shetland. The well will be suspended as a future producer. Production tests achieved a sustainable oil flow rate using an Electrical Submersible Pump (ESP) of 9,800 stock tank barrels of oil […]

  • 26 June 2014
    Business & Finance, Project & Tenders

    Hurricane Energy plc shares jump 48% following the announcement of the Lancaster well results.

  • 26 December 2016
    Equipment

    Halliburton, one of the world’s largest oilfield services providers, has made a move to buy a Russian manufacturer of oilfield solutions.  The company on Friday made a filing with the Federal Antimonopoly Service of Russia (FAS) in connection with a potential acquisition of an interest in Novomet Oil Services Holding, an international artificial lift company focusing […]

  • 16 May 2019
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders, Research & Development

    Upwing Energy, an artificial lift technology company, and Mitsubishi Heavy Industries (MHI) have been selected by DeepStar, a global offshore research and development consortium, to perform a feasibility and conceptual study of Upwing’s Magnetic Drive System (MDS) for Electric Submersible Pumps (ESPs). The study, targeting deepwater offshore and subsea well applications, is sponsored and funded […]

  • 9 July 2019
    Exploration & Production

    Mubadala Petroleum is set to begin drilling the first development well at the Manora field in the Gulf of Thailand, as part of the 2019 drilling campaign.

  • 2 May 2007

    Aker Kvaerner has been awarded a contract to supply eight subsea boosting systems to Petrobras, Brazil’s national oil company. The contract is worth approximately USD 25 million. The scope of work comprises eight subsea boosting systems, including power distribution, vertical connection modules, tools, accessories and spares. All systems will be deployed in the Jubarte Phase […]

  • 27 August 2014
    Business & Finance

    RMSpumptools, specialists innovative artificial lift technology, has announced the appointment of electrical connector specialist Ted Boeri as vice president of global sales. One of the industry’s leading names in electrical connectors, Mr Boeri will head up the Aberdeenshire-based company’s Electrical Penetrator division. With over 30 years’ experience in the industry and long-standing membership of the […]

  • 6 July 2017
    Business & Finance, Equipment

    Forum Energy Technologies has acquired the stock of Multilift from Pelican Energy Partners, a Houston-based oilfield services focused private equity fund, and management. Based in Houston, Texas, Multilift manufactures the patented SandGuard and the Cyclone . These products are said to extend the useful life of an electrical submersible pump (ESP) by protecting it against […]

  • 4 September 2014
    Business & Finance, Project & Tenders

    Aker Solutions and Baker Hughes have received the necessary regulatory approvals for the Subsea Production Alliance announced in April 2014. Earlier this year, Aker Solutions and Baker Hughes agreed to form an alliance to develop technology for production solutions designed to boost output, increase recovery rates and reduce costs for subsea fields. The alliance combines […]

  • 3 February 2011
    Business & Finance

      In response to recent media speculation, Wood Group confirms that it is evaluating the possible sale of the Well Support division. These discussions may or may not lead to a transaction. A further announcement will be made if appropriate. Wood Group is a leading international energy services company, employing approximately 29,000 people worldwide and […]

  • 22 April 2014

    Aker Solutions and Baker Hughes have agreed to form an alliance to develop technology for production solutions that will boost output, increase recovery rates and reduce costs for subsea fields. The non-incorporated alliance will combine Aker Solutions’ strengths in subsea production and processing systems with Baker Hughes’ expertise in well completions and artificial-lift technology to […]