OFS Portal said Aug. 26 that Wellbore Integrity Solutions (WIS) has joined the organization as a supplier member. WIS joins current OFS Portal members which include Baker Hughes, a GE company, Halliburton, Schlumberger Oilfield Services, Select Energy Services, Total Safety U.S., and Weatherford International.
WIS, an affiliate of private equity firm Rhone Capital and Schlumberger revealed in May their agreement for WIS to acquire the fishing and tubulars businesses and assets from Schlumberger. WIS expects to have nearly 1,100 employees and operations in 25 countries once the transaction completes. As an OFS Portal member, WIS will be able to implement a single digital transaction model which will scale with this growth.
“Membership in OFS Portal provides suppliers with the tools to help streamline their digital transaction interfaces with their customers on a global basis,” Chris Welsh, OFS Portal CEO, said. “Through our legal agreements, the use of open industry standards, a single and secure model for catalog management and syndication services, and the protection of commercial trade secrets through data privacy enforcement, our suppliers have a scalable process so they can grow and expand their digital footprint with confidence. We will help Wellbore achieve the same scalability as their global operations grow.”
WIS will now be a part of the large OFS Portal community comprised of over 395 oil and gas operators and more than 45 eCommerce networks.
Aqua America Inc. said Sept. 17 its Pennsylvania subsidiary, Aqua Pennsylvania Wastewater, has signed an asset purchase agreement with the Delaware County Regional Water Quality Control Authority (DELCORA) to acquire the municipal authority’s wastewater assets for $276.5 million.
The agreement establishes a foundation for future collaboration between Weatherford and Saudi Aramco, built on the forefront of oilfield technology and unsurpassed value.
CGG’s Geoscience division has completed, five months early, the multiyear integrated geoscience study awarded by Kuwait Gulf Oil Co. (KGOC) in early 2017, the company said on Sept. 18.