Companies in the news ///
Oilfield service company Expro agreed to acquire the oil and gas metering business of CiDRA Corp., based in Connecticut. The acquisition, for about $60.5 million in cash, will form the basis for a new business called Expro Meters. The company will develop, manufacture and sell a range of flow meters for the oil and gas market, in addition to providing production testing services on a rental basis.
Halliburton has acquired all the intellectual property and assets of Protech Centerform in Houston, Texas, Ravenna, Italy, and Aberdeen, Scotland. Protech Centerform is the world’s only provider of casing centralization that uses a carbon fiber and ceramic composite compound applied directly to the casing. Halliburton also announced that it has acquired the remaining 49% equity of Shell Technology Ventures Fund 1 BV in WellDynamics BV, giving Halliburton 100% ownership of WellDynamics. Founded in 2001, WellDynamics is the leading provider of intelligent well completion technology.
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