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Drilling Tools News

31 Oct 2022

VIDEO: One-on-One with Pieter van Oord, CEO, Van Oord

Pieter Van Oord, CEO, Van Oord, graces the cover of the June 2022 edition of Maritime Reporter & Engineering News.

Pieter van Oord is candid in discussing the future growth of his storied company’s activities in offshore wind with specific insights on challenging current jobs, Van Oord’s recent order of a massive and groundbreaking Wind Turbine Installation Vessel, and the company’s future working in the United States.Pieter, to start, can you give a ‘By the Numbers’ look at your company today using the metrics of your choice?Well, 2021 was a disappointing year for us. As we said in our annual report…

13 Jan 2017

Finalists for 2017 Offshore Achievement Awards Announced

Finalists for the 2017 Offshore Achievement Awards, sponsored by TAQA, have been announced today {Friday 13 January}. Hosted by the Society of Petroleum Engineers (SPE) Aberdeen Section, the annual awards recognise some of the industry’s most innovative technology developments as well as talented individuals and exceptional large and small company performance. This year’s shortlist comprises a wide cross-section of the offshore sector, with companies large and small, spanning a variety of sub-sectors, represented. Categories including Innovator, Emerging Technology and Young Professional have proven popular with entrants this year. For the first time in 2017…

05 Jan 2017

Forum Delivers 350th RT Torque Machine

David Neill of TAM International (left) receives a plaque from George Hendry, business development manager for Forum AMC, recognising the purchase of the 350th RT torque machine. (Photo: TAM)

Forum Energy Technologies, Inc. said it has designed, manufactured, tested and delivered its 350th rotational torque (RT) torque machine to TAM International, a globally recognized downhole inflatable packer leader. The torque machine, or bucking unit as it is commonly referred, was manufactured at the Forum AMC facility in Aberdeen, U.K. This represents the sixth unit that TAM has purchased from Forum in three years, and is a testament to TAM’s growth plans, as well as their trust in Forum’s equipment and global support network.

30 Apr 2014

The History of Offshore Energy

Gracing the cover of the June 1, 1957 edition was a  “Huge Oil Drilling Barge” the Margaret which was one of the largest ever built at 300 ft. long, 200 ft. wide and 93 ft. high, capable of an operating depth of 65 ft. Margaret was built by Alabama Dry Dock & Shipbuilding Company for the Ocean Drilling and Exploration Company, New Orleans.

Offshore exploration is a history of man v. Prospecting for oil is a dynamic art. From a lake in Ohio, to piers off the California coast in the early 1900s, to the salt marshes of Louisiana in the 1930s, to the first “out-of-sight- of-land” tower in 1947 in the Gulf of Mexico, the modern offshore petroleum industry has inched its way over the last roughly 75 years from 100 ft. of water ever farther into the briny deep, where the biggest platform today, Shell’s Perdido spar, sits in 8,000 ft. of water. As a planet, we have two unquenchable thirsts – for water and for oil.

18 Mar 2014

Drilling Tools International Acquires Reamco

Hicks Equity Partners (HEP), a private equity firm led by the Thomas O. Hicks family, announced that its portfolio company, Directional Rentals, Inc., has acquired Reamco, Inc., a company based in Lafayette, La., that manufactures, rents and refurbishes downhole drilling tools and related products used in the drilling industry. Directional Rentals, Inc., an oilfield services company, has also been renamed Drilling Tools International (DTI) to more accurately reflect the company's mission of renting…

04 Feb 2014

Saltire Energy Invests £5M in Aberdeen

Photo: Saltire Energy

Saltire Energy has announced plans to expand its operations in Aberdeen following a £5 million investment in a 2.6-acre site in Badentoy, Portlethen. Planning permission has been secured for 4,650 sq. ft. of offices, a 12,500 sq. ft. warehouse and a 12,500 sq. ft. workshop on the new site with approximately 75,000 sq. ft. of additional open storage space. The company will retain its two existing facilities which are 10,500 sq. ft. and 22,550 sq. ft. on Badentoy Road in Portlethen and the warehouse space which the company currently leases in Tullos, Aberdeen will also move to Portlethen.

13 Nov 2013

Saltire Reports Global Growth, Turnover Increase

Strong global growth contributes to increase in turnover for Saltire Energy

Saltire Energy, supplier of drilling tools to the offshore oil and gas industry, has posted its year end to June 30, 2013 results with turnover up more than 50% from £21.5 million to £32.9 million. Operating profit for the year has also risen from £14.1 million to £18.5 million. Mike Loggie, Chief Executive of Saltire Energy, said, “The last 12 months has seen steady growth in our business in the U.K. and across our international operations. “As a company, our focus is on delivering…

19 Dec 2012

Churchill Drilling Tools Invests £2.5 Million

Drilling systems specialist Churchill Drilling Tools has announced a £2.5 million investment in its Aberdeen base to meet increasing global demand for its innovative technologies. The company has invested in a number of units adjacent to its existing Crombie Road premises to create a 1.65-acre site, which will be upgraded over the next 3-4 years. The refurbishments will include research and development facilities, increased capacity for new product assembly and service lines and offices.

05 Mar 2012

Churchill Drilling Invests and Expands

Mike & Andy Churchill

Churchill Drilling Tools Targets More Success With Product Reliability. Aberdeen-based drilling systems specialist Churchill Drilling Tools is to invest half a million pounds and expand its workforce to meet growing demand for its revolutionary technology. The company is on course to record a turnover of £3.5million in this financial year with results up by about 30% on 2011. With more than a decade of hydraulic design experience, Churchill Drilling Tools has produced a range of patented performance and safety improvement technologies, used by more than 50 operators worldwide.

08 Jun 2011

Atlas Copco Taps James River Equipment

Atlas Copco welcomes its newest drilling equipment distributor, James River Equipment. The company, well-known as a heavy equipment supplier, will represent Atlas Copco in the Carolinas for blasthole rigs, other surface drilling rigs and equipment, and Secoroc rock drilling tools. In North Carolina, James River Equipment will also distribute Atlas Copco’s Dynapac compaction and paving equipment. Equipment covered by this new relationship includes surface crawlers such as Atlas Copco’s SmartROC, FlexiROC, and PowerROC surface rigs, the ROC L8 and the SmartRig F9C. James River Equipment will also sell and service Atlas Copco Secoroc rock drilling tools.

17 Apr 2000

Electronic Engines Power New OSV Breed

The offshore supply vessel market remains as competitive as ever, with companies attempting to lure customers with the best possible value for their day rates and other appealing offers. Hornbeck Offshore Services Inc., Mandeville, La., found a simple answer to stay ahead of the competition: build a well-designed fleet and equip it with the best technology you can afford. "It's that simple," says Carl Annessa, Hornbeck vice president of operations. "Customers want to contract boats that get the job done for the best value. Hornbeck Offshore owns a fleet of seven offshore supply vessels (OSVs) that are contracted to oil companies for oil exploration and production services, as well as drill rig support in deep water.

14 Nov 2005

Schlumberger Expands Global Drilling Tech Center

Schlumberger commemorated the opening of a new 53,000-sq. ft. building at its Global Drilling Technology Center located in Stonehouse, Stroud District, Gloucestershire, U.K. The ribbon-cutting event, celebrating the expansion of the facility and the addition of 100 jobs over the past two years, was held on November 11, 2005. “We congratulate our neighbors Schlumberger and we are honored to have their prestigious Global Drilling Technology Center in our midst,” said Mrs. Sylvie Bruce, Stroud District Council Chair. “Schlumberger’s presence in our community has provided professional, technical and support services jobs. Their continued development and expansion of this facility have provided opportunity for construction and trades people as well.