GSI Expands in the UK
Offshore equipment and engineered solutions provider Gulfstream Services International (GSI) said it has moved into its new Aberdeen headquarters as part of an effort targeting expansion in the North Sea and beyond.The firm has expanded into an 8,000-square-foot workshop where it will manufacture and then deliver its equipment throughout the Eastern Hemisphere.With plans to increase headcount from 15 to 18 by the end of the year and a strong focus on North Sea decommissioning activity…
Wellsite Taps Roger as VP of Administration
Drilling and completion rental equipment provider Wellsite Fishing and Rental Services, LLC has promoted Jessica Roger to vice president of administration. She will be located at the corporate office in Broussard, La.Roger, who previously served as secretary and treasurer for Wellsite, will be responsible for overseeing internal administration, directing administrative functions in accordance with industry standards…
Private Equity Firm Energy Ventures Rebrands
A continuing low oil price has led to a re-focus of the investment strategy and a recent rebranding for independent private equity firm Energy Ventures. The company, which is headquartered in Stavanger and has offices in Houston and Aberdeen, has changed its name to EV Private Equity. EV is interested in the companies in the oil and gas services sector which require $10-25million of investment, where the focus is on provision of capital and competence to enable growth…
Aquaterra Signs Investment Deal with EV
Aquaterra Energy, a global offshore engineering solutions provider, has secured a multi-million pound investment from EV Private Equity as the company gears up for service expansion and new technology launches. The deal is the first to be agreed following EV’s pledge last year to invest $200 million in North Sea businesses with new technologies and high growth potential. The independent private equity firm confirmed it was seeking to invest between $10 million to $40 million in each company.
CCS names Reynolds business development and advisory manager
Cornerstone Completion Services (CCS), a recently-launched division of Wellsite Fishing and Rental Services, LLC (“Wellsite”), a leading provider of drilling and completion rental equipment, has appointed David R. Reynolds as its new business development and advisory manager. As business development and advisory manager, Reynolds will be based in New Castle, Pa., and will be responsible for identifying…
Viking Oil Tools Appoints Foster as Regional Manager
Viking Oil Tools, a division of Wellsite Fishing and Rental Services, LLC (“Wellsite”), a provider of drilling and completion rental equipment, has appointed Michael Foster as its new regional manager. As regional manager, Foster will be based in Hobbs, N.M., and Midland/Odessa, Texas, and will be responsible for upholding Viking Oil Tools’ reputation for delivering quality products, first class service and a superior safety rating.
ATR and Centurion Merge
A merger between Centurion Group and ATR Group is to create a global player in the oil and gas rental equipment and services market with a combined turnover of over £100 million. The group will operate from bases in the U.K., Netherlands, Caspian, Singapore, Australia and the U.S. The group will continue to be headquartered in Aberdeen with ATR’s chief executive, Keith Moorhouse, and chief financial officer, Euan Leask, becoming CEO and CFO respectively.
Baldwin to Lead Kongsberg European Seaglider Support Center
Kongsberg Maritime created a European support center in Southampton, UK, for its Seaglider autonomous underwater vehicle (AUV). Seaglider is a buoyancy driven AUV manufactured by Kongsberg Underwater Technology, Inc. in Lynnwood, Washington. Due to the product’s long duration deployments for continuous measurement of oceanographic parameters, Seaglider has revolutionised the way in which oceanographic data is collected.
Wellsite Rental Services Names Hover Sales Manage
Wellsite Rental Services, LLC, a rental equipment provider for the drilling and production sectors of the oil and gas industry, has named Nicole Hover as sales manager for its Mid-Continent Region. Hover’s responsibilities will include coordinating sales and marketing efforts in the Mid-Continent region, including calling on clients in Oklahoma City and Tulsa, Oklahoma. Hover’s previous experience includes…
OEG Buys West Australian Oilfield Services Providers
Two West Australian-based oilfield services providers have been purchased by global offshore equipment firm OEG Offshore. The acquisition of Oilfield & Resource Rentals (ORR) and Offshore Cryogenic Services (OCS) provides OEG with a significantly enhanced Perth presence, expansion into the North West region and new offerings in the offshore aviation services and cryogenic tanks markets. “We’re excited…
Wellsite Rental Adds Flush Mounted Slips
Wellsite Rental Services, a rental equipment provider for the drilling and production sectors of the oil and gas industry, has added flush mounted slips to its rental product line. The flush mounted slips are purposed for tripping drill pipe and maintain a self-locking design that does not require the use of a tether while holding backup torque, eliminating the need for backup tools. The tool maintains a safety factor of 2.25 X and leads the industry with state-of-the-art safety features.
Ashtead Signs Distributor Agreement with SeaBotix
Ashtead Technology has announced a distributor agreement with SeaBotix Inc for the sale and exclusive global rental of its miniROV systems at OTC in Houston. The agreement with SeaBotix, the world-leading manufacturer of miniROV systems, was announced at OTC today (7 May), and includes sales representation in the UK, Gulf of Mexico and Mexico. The deal also allows Ashtead to deliver dedicated after-sales support and product training from its facilities in Aberdeen and Houston.
SPI Appoints Thibodeaux as President
Superior Performance Inc. (SPI), an company in premium threaded tubing and casing products and services, has appointed Mitch Thibodeaux as president. Headquartered in Lafayette, La., Thibodeaux will oversee the company’s field service operations, rental tool equipment line and new product development. With offices in Louisiana, Texas and Ohio, Thibodeaux looks to further expand SPI’s geographical presence.
Wellsite Rental Services, Deep Well Services Partner
Wellsite Rental Services, a comprehensive, rental equipment provider for the drilling and production sectors of the oil and gas industry, is partnering with Deep Well Services (DWS) to serve the Marcellus and Utica regions. DWS is a supplier of snubbing and workover units within the Appalachia region. Through this partnership, Wellsite will open a new office in Zelienople, Pennsylvania, in October 2014.
Schlumberger Mulls Sale of Oilfield Tools Rental Unit
Schlumberger Ltd, the world's largest oilfield services company, is exploring the sale of its oilfield tools rental unit Thomas Tools, which could be valued at more than $600 million, according to people familiar with the matter. An auction is already underway for Thomas Tools, which has annual earnings before interest, tax, depreciation and amortization of around $80 million, the people said this week.
WRS Adds Johnson as President
Wellsite Rental Services, LLC (WRS), a rental equipment provider for the drilling and production sectors of the oil and gas industry, has appointed Mark Johnson as president. Johnson joins Wellsite Rental Services with more than 34 years of experience in the oil and gas, domestic inspection and rental markets. He will manage all business ventures including operations and sales, while developing the core business and expanding the company’s reach.
WRS Appoints Ferrier VP, Texas Operations
Wellsite Rental Services, LLC (WRS), a comprehensive, rental equipment provider for the drilling and production sectors of the oil and gas industry, has appointed Rex Ferrier as vice president - Texas operations. Ferrier joins Wellsite Rental Services with more than 36 years of experience in the oil and gas services business. Based in Victoria, Texas, he will manage WRS’ Texas operations, including quality control and customer relations as the company expands into Texas markets.
