News

HOUSTON, TX, December 10, 2018 -- AFGlobal today announced the launch of their Performance Drilling platform, a unique combination of equipment and software aimed at the onshore and shallow water drilling markets. AFGlobal's Performance Drilling platform incorporates equipment and software to seamlessly support rig operations with fundamental capabilities, including: applying surface back pressure set point pressure control while drilling, automated ramp schedules during connections, early kick loss detection (EKLD) and choke...

HOUSTON, TX, December 3, 2018 - AFGlobal today announced the successful completion of its field evaluation of the DuraStim® pump in the Permian Basin. AFGlobal's new patented pressure pumping technology offers end users tremendous advantages over traditional fracking technology and those offered by other electric and turbine based systems. The trial, which began last month, followed five years of stringent design and engineering, and significant in-house testing to prove out suitability...

HOUSTON, TX, October 22, 2018 -- AFGlobal today announced that it is launching a new API certified fastener business to enhance the Company's offshore and onshore production capabilities. This business is a natural extension of the Company's established OEM position with drilling and production technologies. The new offering will feature engineered bolting for offshore and onshore oil and gas applications. Backed by API Monogram (20E and 20F standards), these fasteners will...

HOUSTON, TEXAS, July 9, 2018 -- AFG Holdings, Inc. (NYSE: AFGL) ("AFG" or "AFGlobal")announced today that it has commenced an initial public offering of 18,200,000 shares of itscommon stock at an anticipated initial offering price between $15.00 and $18.00 per share pursuantto a registration statement on Form S-1 (the "Registration Statement") filed with the U.S. Securitiesand Exchange Commission (the "SEC"). Of the 18,200,000 shares of AFG's common stock beingsold in...

Company enters license agreement, offers clients unique, clean, efficient method for VOC removal     HOUSTON, TX, June 26, 2018 -- AFGlobal announced today that it has entered into an exclusive license agreement with Environment & Power Systems International, LLC (EPSI) for the provision of its proprietary VOCGEN technology. This collaboration forms the basis of the AiremTM environmental solution that combines the efficient removal of volatile organic compounds (VOCs) with the ability to provide...

Company Partners with Clip-Riser Developer, IFP Energies Nouvelles to ProvideRiser Inspection, Repair and Maintenance HOUSTON, TX, November 27, 2017 -- AFGlobal today announced that it has entered into an agreement with IFP Energies nouvelles (IFPEN), the developer of the Clip-RiserTM technology, to provide inspection, maintenance and repair of IFPEN drilling risers. The Clip-Riser is a quick and boltless connector technology that has become a resounding technical and commercial success. This technology provides...

Noble Corporation plc Awarded AFGlobal Contract for Provision of Integrated Deepwater MPD System HOUSTON, TX, June 28, 2017 -- AFGlobal today announced that Noble Corporation plc has awarded AFGlobal a contract for the provision of an integrated deepwater managed pressure drilling (MPD) system. The scope of the award will culminate in the supply and installation of a completely integrated, next-generation MPD system. The equipment specified is the most advanced of its kind...

Company Enhances Pressure Pumping Portfolio Aimed at Strengthening Offering to Clients   HOUSTON, TX, October 23, 2017 -- AFGlobal today announced that it has acquired the Axon pressure pump technology and product line from Amkin Technologies, LLC, a privately-held oilfield equipment and technology developer. Until recently, Amkin was continuing the evolution of the product offering by supporting ongoing operations and engaged with AFGlobal to realize revolutionary improvements in the construction of the...

Acquisition Augments Company's Automation and Control Capabilities, Enhances Data Understanding for Clients  HOUSTON, TX, July 6, 2017 -- AFGlobal today announced its acquisition of Advanced Measurement Inc. (AMI), a key provider of automation, controls and data management systems. This acquisition enhances the company's current upstream drilling, completion and production smart technology, providing better answers and efficiencies for its clients. "AMI's offerings will help broaden our reach as an OEM," commented Curtis Samford,...