Companies in the news ///

GE Oil & Gas has entered into an agreement to acquire the Hydril Pressure Control business from Tenaris. Upon completion, the acquisition will expand GE’s oil and gas portfolio and complement VetcoGray’s Capital Drilling Equipment business. Hydril’s product line includes BOP systems, parts, and repair and field services to maintain its installed base of products. Spain-based Repsol YPF was honored as a 2008 technology winner by the editors of IEEE Spectrum, the trade publication of IEEE, for Repsol’s Kaleidoscope Project. The project-a partnership of geophysicists, computer scientists and organizations from around the world-has developed advanced computerized techniques of seismic imaging technology used for oil and gas exploration to reveal oil and gas deposits that had been invisible to traditional imaging techniques. Broussard, Louisiana-based Workstrings LLC, a Superior Energy Services company, announced the acquisition of Oiltek. Headquartered in Bogota, Colombia, with operations in Yopal and Nevia, Oiltek is a provider of inspection and hardbanding services...

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