New Technology Magazine

HOUSTON, Tex. -- Smith Bits, a Schlumberger company, has announced the release of its Stinger conical diamond technology. The Stinger polycrystalline diamond element enables high-point loading to fracture rock more efficiently during drilling for increased rate of penetration (ROP) and durability.

Aker Solutions has acquired Managed Pressure Operations International, Ltd. (MPO), a company that has successfully developed the next generation of continuous circulation, riser gas handling and managed pressure drilling systems.

CALGARY, Alta. -- Canadian Energy Services & Technology Corp. (CES) has announced its wholly-owned indirect U.S. subsidiary, AES Drilling Fluids, LLC (AES), has acquired the drilling fluids business assets of Mega Fluids Mid-Continent, LLC.

THE WOODLANDS, Tex -- Newpark Resources, Inc. has announced it has completed the acquisition of substantially all assets and operations of Alliance Drilling Fluids, LLC, a provider of drilling fluids, proppants and related services headquartered in Midland, Texas.

CALGARY, Alta. -- Wenzel Downhole Tools Ltd. has agreed with Dreco Energy Services ULC and Vector Oil Tools ULC that none of the parties will appeal the arbitration award announced in the company's press release of Dec. 4.