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Swartout led the company through extensive growth until his retirement in 2007. [5] In 2005, Precision sold its energy services and international contract-drilling divisions to Weatherford International for $2.28 billion [6] and reorganized as an income trust. [4] [7] Precision converted from an income trust back to a corporation in 2010. [8]
Vetco was a British oilfield service company that was established in July 2004 and operated through its subsidiaries Vetco Gray and Vetco Aibel AS. Vetco was the result of a consortium consisting of the private equity firms Candover, 3i and JP Morgan Partners, which took over ABB's oil and gas division, ABB Offshore Systems.
In May 2013, the company sold Tender rigs T-15, T16 and the West Vencedor to Seadrill Partners LLC. [9] In June 2013, the company acquired a majority interest in Sevan Drilling. [10] In November 2014, the company suspended dividend payments as a result of a downturn in the industry. [11] In December 2017, the company filed bankruptcy. [12] [13 ...
The Grey Wolf was unveiled and named during the ceremony at Duke Field, Florida. In March 2024, the first field-ready MH-139 Grey Wolf arrived at Montana’s Malmstrom Air Force Base . [ 13 ] The 341st Missile Wing captured footage of Malmstrom's first Grey Wolf arriving at the base. [ 14 ]
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Nabors Industries Limited is an American global oil and gas drilling contractor that has operated since 1972. Based in Houston, Texas, Nabors operates the world’s largest land drilling rig fleet, with around 500 rigs operating in over 25 countries – in almost every significant O&G basin on the planet.
The term is commonly used in the context of an oil well drilling rig. Driller comes after the Toolpusher in the Rig crew hierarchy. Toolpusher takes the operation orders from the Company-man. Toolpusher then supervises these order to the driller and the rest of the drilling crew and gets the job done.
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