News

Globalgroup Investment Holdings, Inc. announced that its subsidiary Sovereign Oil Corp has begun re-working O&G wells in Kansas.

Managed Pressure Operations International Ltd. (MPO), a provider of technologically advanced managed pressure drilling systems is expanding its delivery of the innovative Non-Stop Driller (NSD) Continuous Circulation (CC) system, announced Charles Orbell, President and CEO. By maintaining constant bottom hole pressure and enabling continuous hole cleaning during connections, the NSD continuous circulation system prevents well bore ballooning, stuck pipe incidents and connection gas buildup significantly reducing non-productive time.

Following more than a year of development, STARS Alliance LLC has achieved legal identity after the chief nuclear officers of seven US plants added their signatures to official paperwork.

Furmanite Corporation, a large provider of valve services, has acquired certain assets and operations of Crane Energy Flow Solutions' Houston Service Center.

  Seadrill has a commitment for contracts with an unnamed major oil company. The contracts will cover three drillships over 19 rig years with a possible value of USD$4 billion.

El Salvador's El Esplendor Development Corp and Israel's SDE Wave Power Plants company have formed an alliance to execute Wave Power Technology in California and El Salvador.   SDE is a leader in planning, building and marketing power stations that produce power from ocean waves.

   Chicago Bridge & Iron has entered into a definitive agreement to acquire Shaw Group. Shaw Group is a Fortune 500 company, primarily servicing customers in the power generation and the government services sector.

Curtiss-Wright Flow Control Company's Cheswick, PA-based EMD business unit has been awarded a USD$25,000 grant from the United States Department of Energy (DOE) sponsored Pennsylvania Technical Assistance Program.

Oil States International Inc. subsidiary Oil States Industries Inc. has entered into a definitive asset purchase agreement to acquire Piper Valve Systems Ltd.   Oklahoma City, OK-based Piper Valve Systems designs and manufactures hig-pressure valves and manifold components for offshore, onshore and subsea oil and gas projects.

As part of a Department of Energy (DOE) initiative to help restart the United States' nuclear industry, Pacific Northwest National Laboratory has been awarded almost USD$1 million. To help improve reactor safety, performance and cost competitiveness and to help solve challenges in the nuclear industry, DOE awarded USD$10.