Cuming Corporation, a leader in the design and manufacture of technologically advanced syntactic foam flotation products and insulation materials for the offshore oil and gas industry, will be acquired by Houston-based Deep Down, Inc.
Baker Hughes, Inc. has closed its acquisition of BJ Services Company Pursuant to the previously announced merger agreement, each BJ Services stockholder will receive 0.40035 shares of Baker Hughes common stock, par value $1.00 per share, and $2.69 in cash in return for each share of BJ Services common stock held.
Smith International, Inc. announced that the agreement to acquire @Balance, B.V. from Shell Technology Ventures Fund 1 B.V. closed on April 15. At Balance provides managed pressure drilling (MPD) services using its patented technology.
Argus Subsea, which manufactures subsea products for time-critical fields, announced the introduction of the AZ-15J subsea tree and wellhead system. Specially designed for jack-up mobile drilling units, the Argus AZ-15J is a purpose-built system that allows operators to drill and complete wells up to 15,000 PSI working pressure without special riser systems or temporary abandonments.
SensorTran, producer of an advanced distributed temperature sensing (DTS) system, is opening a sales and service support office in Houston. The new ...