International Tubular Services, a division of Aberdeen-based international oil services firm ITS Group, has reported a slight drop in profits.
Paradigm Oilfield Services has launched the Raptor range of tools in response to industry demand for drilling equipment which delivers improved rate of penetration in high angle and horizontal wells.
YOUNG but growing oil field equipment specialist Titan Torque Services has its sights set on global expansion after proving its mettle in the UK.
GLOBAL giant Alcoa has signed a development agreement with Cameron to commercialise aluminium drilling riser systems for offshore oil&gas exploration and development.
High-value long-term contracts are still being awarded despite the impact of the credit crunch on the oil&gas sector. That Vantage Drilling of Houston has just bagged contracts worth $2.56billion is testament to this.