Search results for: Dril-Quip

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  • 19 July 2010
    Business & Finance, Equipment

    Dril-Quip, Inc. announced that it has been awarded a contract valued at approximately US $100 million by FloaTEC de Mexico S.A. de C.V. to supply drilling and production equipment for the P-61 Tension Leg Wellhead Platform (TLWP) to be installed in the Papa Terra field located in the Campos Basin offshore Brazil. The value of […]

  • 29 March 2011
    Business & Finance, Equipment

    Dril-Quip, Inc. announced that it has been awarded a contract by Chevron U.S.A. Inc. to supply drilling equipment for the Big Foot Tension Leg Platform (TLP) to be installed in the Big Foot field located in the Walker Ridge area of the Gulf of Mexico. Dril-Quip will provide subsea wellhead equipment and specialty connectors and […]

  • 22 June 2011
    Business & Finance, Equipment, Operations & Maintenance

      Dril-Quip, Inc. announced that Dril-Quip Asia Pacific PTE Ltd, its wholly owned subsidiary located in Singapore, has been awarded a contract valued at approximately US$39 million by Murphy Sabah Oil Company, Ltd. to supply drilling and production equipment for the Kikeh Dry Tree Spar Platform which is located offshore Malaysia in approximately 1,330 meters […]

  • 11 November 2016
    Business & Finance, Equipment

    Dril-Quip informed it has completed its previously announced acquisition of TIW Corporation. Dril-Quip entered into an agreement to acquire TIW Corporation in October this year for approximately $143 million. Blake DeBerry, president and CEO of Dril-Quip, said: “We are excited to complete the acquisition of TIW Corporation, the first in Dril-Quip’s history, and welcome TIW employees to […]

  • 13 October 2010
    Business & Finance, Equipment

    Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip (Europe) Limited, its wholly owned subsidiary located in Aberdeen, Scotland, has been awarded a contract valued at approximately $20 million by Technip UK Limited for the supply of equipment for the Islay Gas Field project in the United Kingdom sector of the North Sea. The Islay Field […]

  • 22 June 2011
    Business & Finance, Equipment

    Dril-Quip, Inc. today announced that Dril-Quip Asia Pacific PTE Ltd, its wholly owned subsidiary located in Singapore, has been awarded a contract valued at approximately US$39 million by Murphy Sabah Oil Company, Ltd. to supply drilling and production equipment for the Kikeh Dry Tree Spar Platform which is located offshore Malaysia in approximately 1,330 meters […]

  • 11 November 2016
    Business & Finance

    Oilfield services company Dril-Quip has completed the acquisition of TIW Corporation, a manufacturer of consumable downhole products for the oil and gas market, for approximately $143 million. To remind, Dril-Quip entered into an agreement to acquire the TIW Corporation in mid-October. The completion of the $143 million-worth acquisition was announced on Friday. According to the […]

  • 17 March 2014
    Business & Finance, Equipment, Project & Tenders

    Dril-Quip’s wholly-owned subsidiary Dril-Quip (Europe) Limited, serving the North Sea, Europe and Africa regions, has been awarded a contract valued at approximately $110 million, to supply subsea completion systems and related services for an FPSO development project.       In accordance with the contract, Dril-Quip will provide subsea wellhead systems, subsea production and injection tree systems, and subsea and topside control systems […]

  • 22 October 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    Dril-Quip, Inc. announced that it has entered into a five year global frame agreement with BP International Limited for the supply of subsea wellhead equipment and related services. The contract provides the terms and conditions for worldwide call off orders placed by BP for Dril-Quip’s Big Bore II-H series subsea wellhead systems. Orders previously placed […]

  • 13 March 2013

    Dril-Quip, Inc. today announced that Dril-Quip Asia Pacific Pte Ltd, its wholly owned subsidiary, in conjunction with its local representative UMW Petrodril (Malaysia) Sdn. Bhd., has been awarded a contract to supply drilling and production equipment and related services to Sabah Shell Petroleum Company Limited for the Shell Malikai TLP project located offshore Malaysia in […]

  • 26 January 2012
    Business & Finance

      Dril-Quip, Inc. announced that Judge Carl J. Barbier, the federal court judge in the Eastern District of Louisiana presiding over the multi-district proceeding In Re: Oil Spill by the Oil Rig “Deepwater Horizon” in the Gulf of Mexico, on April 20, 2010, issued an order on January 20, 2012 granting Dril-Quip’s Motion for Summary […]

  • 11 February 2016
    Equipment

    Dril-quip, the Houston-based designer and manufacturer of offshore drilling and production equipment, is establishing a $15 million research and development facility in Singapore. The company said February 11 that the new facility, focusing on materials and products suitable for high pressure and high temperature (HPHT) applications, is expected to open in 2017. Blake DeBerry, president […]

  • 24 January 2012
    Business & Finance

    Dril-Quip, Inc. today announced that Judge Carl J. Barbier, the federal court judge in the Eastern District of Louisiana presiding over the multi-district proceeding In Re: Oil Spill by the Oil Rig “Deepwater Horizon” in the Gulf of Mexico, on April 20, 2010, issued an order on January 20, 2012 granting Dril-Quip’s Motion for Summary […]

  • 17 October 2016
    Project & Tenders

    Dril-Quip has entered into an agreement to acquire TIW Corporation, a manufacturer of consumable downhole products for the  oil and gas market, for approximately $143 million, subject to closing adjustments. The Houston-based company provides liner hanger systems and related equipment and services. Blake DeBerry, Dril-Quip’s president and chief executive officer, said, “We are pleased to include […]

  • 25 June 2020
    Business developments & projects

    Dril-Quip and Proserv have signed a collaboration agreement whereby Dril-Quip will rely upon Proserv for the development and manufacturing of its subsea control systems as a supplier. The arrangement follows Dril-Quip’s strategic decision to consolidate the supply and development of control systems with a dedicated subsea controls provider. In addition, the agreement establishes a framework where Proserv and Dril-Quip may pursue joint marketing […]

  • 23 November 2015
    Business & Finance

    Dril-Quip, Inc. announced on Friday that L.H. Dick Robertson, a member of its board of directors, passed away.  According to the company, Robertson passed away on November 18, 2015 following a recent illness. Robertson was a member of Dril-Quip’s board of directors since December 2006. Dril-Quip is a manufacturer of engineered offshore drilling and production equipment with headquarters located […]

  • 28 March 2011
    Business & Finance, Equipment

    Dril-Quip, Inc. today announced that it has been awarded a contract by Chevron U.S.A. Inc. to supply drilling equipment for the Big Foot Tension Leg Platform (TLP) to be installed in the Big Foot field located in the Walker Ridge area of the Gulf of Mexico. Dril-Quip will provide subsea wellhead equipment and specialty connectors […]

  • 23 August 2012
    Business & Finance, Equipment, Operations & Maintenance, Project & Tenders

    Dril-Quip, Inc. today announced that Dril-Quip do Brasil LTDA, its wholly owned subsidiary, has been awarded a four-year contract by Petrobras, Brazil’s national oil company, for the supply of subsea wellhead systems and associated tools to be used in the drilling of deepwater wells offshore Brazil. Based on current exchange rates and after Brazilian taxes, […]

  • 16 July 2018

    Dril-Quip has entered into a letter of intent with Premier Oil to provide subsea production systems for the Sea Lion Phase 1 Development.

  • 22 April 2019
    Business & Finance, Equipment

    Dril-Quip has said that it had product bookings in the first quarter of 2019 of approximately $99 million, which exceeded its prior guidance of $80 million. Included in the first quarter 2019 bookings was a previously disclosed order from BP to supply subsea wellhead systems valued at between $25 – $35 million and an order […]

  • 19 October 2010
    Business & Finance, Equipment

    Dril-Quip, Inc. (NYSE: DRQ) today announced that Dril-Quip do Brasil LTDA, its wholly owned subsidiary, has been awarded a contract valued at approximately $28 million for the supply of subsea wellhead systems to Petrobras for the Papa Terra field located in the Campos Basin offshore Brazil. Equipment deliveries are scheduled to begin during the first […]

  • 22 October 2013

    Dril-Quip, Inc. today announced that it has entered into a five year global frame agreement with BP International Limited for the supply of subsea wellhead equipment and related services. The contract provides the terms and conditions for worldwide call off orders placed by BP for Dril-Quip’s Big Bore II-H series subsea wellhead systems. Orders previously […]