Driven by Energy Transition, Proserv Realigns Key Management
a high-level senior management and corporate realignment as the business continues to evolve and pivot towards the future energy landscape.Present Group Chief Executive Officer David Currie will become Chairman of the Board for both Proserv and sister business Gilmore Valves, the Houston based flow control specialists effective July 1st, 2022. Currie, with 35 years’ energy industry experience, will leverage his new roles to focus on customer relationships, strategic alignment and energy transition.Joining the Board of Proserv is Hugh McNeal. McNeal brings a background in the renewables space
Gilmore Names New CEO. Targets Acquisitions
Gilmore, a U.S.-based flow control solutions provider for the oil and gas industry, has appointed David Nemetz as its new Chief Executive Officer (CEO).The company is a subsidiary of Aberdeen-headquartered Proserv and provides flow control products and equipment for the drilling, downhole, production, and wider industrial sectors.Gilmore said that under Nemetz, who has 25 years' experience in the energy industry, it would actively pursue appropriate business acquisitions that will accelerate penetration into new markets or widen its product capabilities and range."Nemetz has significant
TechnipFMC Orders Oceaneering Connectors for Gulf of Mexico Projects
, well stimulation, hydrate remediation, flooding and venting operations, acid injection and scale squeeze.Oceaneering Rotator CTVs regulate the flow of chemicals—scale, wax, and corrosion inhibitors, for example—delivered to subsea production systems. Their functions are diverse, from flow control to metering and highly accurate dosing. CTVs effectively eliminate the need for topside injection and dedicated umbilical lines, the company said.Nuno Sousa, VP, Manufactured Products, Energy, said: “We appreciate TechnipFMC’s trust in our ability to provide them with compact, reliable
Rotork Acquires Bifold Group
Actuator manufacturer and flow control company Rotork announced it has acquired the Bifold Group Ltd. (Bifold), a designer and manufacturer of hydraulic and pneumatic stainless-steel directional control valves and accessories for hazardous, corrosive and subsea environments. Bifold provides electronic control and positioning systems and expertise for valves and pumps used in hazardous upstream and downstream oil and gas applications, with special expertise in wellhead control systems. Commenting on the acquisition, Peter France, Rotork Chief Executive, said, “This
No Well Left Behind
British sectors of the North Sea. Direct Network CaTS transmits high-quality pressure and temperature information from reservoir to seabed using the well’s tubing, casing or liner as transmission medium. Signals also transmit from seabed to reservoir for the control of downhole hardware like flow control devices. Under favorable well conditions, this wireless technology has achieved point-to-point transmission ranges in excess of 12,500 feet without relay or booster stations in the well. By cutting the number of in-well equipment, deployment time and monitoring costs are lower. Using standard
Schlumberger Debuts Single Intervention Tool
and potential completion removals by enabling multiple treatments in a single intervention. The CT fiber-optic real-time telemetry provides downhole measurements to optimize fluid placement, ensure accurate depth control, monitor packer pressure during setting and unsetting, and enable precise flow control and setting tool manipulations. During field testing, more than 147 inflation and deflation multisetting procedures were performed. The ACTive Straddle inflatable packer was also field tested in more than six interventions in challenging onshore and offshore intervention conditions, including
Norvestor to Become PG’s Largest Shareholder
forward together with Roy Norum, Mads Gjerdrum and the rest of their team.” PG, a provider of offshore oil and gas pump systems and solutions with a global presence within flow systems for offshore service vessels (OSVs), holds more than 30 years’ experience in advanced pumping and flow control. The company has over the last decade established itself as a provider of integrated offshore topside flow systems such as chemical injection processing modules, with deliveries to installations such as Gjøa, Valemon, Mariner and Aasta Hansteen. Deep process- and system competence, strong
MTR100: The Norway Way
, systems and services for the subsea oil and gas market. As Cameron Chairman, President and CEO, Jack B. Moore explained, OneSubsea essentially provides a marriage of Schlumberger’s oilfield services technology and Cameron’s subsea equipment heritage. OneSubsea leverages Cameron’s flow control expertise, process technologies and world-class manufacturing and aftermarket capabilities, along with Schlumberger’s petro-technical leadership, reservoir and production technology and R&D capabilities, while also bringing into play its subsidiary, Framo Engineering, which provides
Simmons UK Double Up on Oil & Gas Deals
to Lufkin, Halliburton, Weatherford and Rignet Inc. respectively. On the buy side, Simmons represented Tetra Technologies Inc in its acquisition of Aberdeen based rig cooling specialists Optima and assisted Pheonix Equity Partners in their acquisition of Gall Thomson Environmental in the flow control sector.
February 2024
