Author: MWadmin

HOUSTON, TX, January 15, 2019 -- AFGlobal today announced that it passed two significant API audits for its engineered bolting business. Successful completion of both audits for API 20E and 20F places AFGlobal in a unique position as a manufacturer recognized as capable of meeting the highest standards for land and subsea critical bolting. The Company plans to begin manufacturing API 20E and API 20F certified bolts in February 2019 for...

HOUSTON, TX, December 17, 2018 - AFGlobal today announced they have signed a Frame Agreement with ExPert Riser Solutions, LLC that will bring together the companies' marine drilling riser inspection and drilling riser repair services. This agreement will combine the Companies' respective core technologies, experience, engineering, and manufacturing capabilities to provide a robust marine drilling riser inspection and repair solution for drilling contractors around the world consisting of onboard, onsite, and...

HOUSTON, TX, December 12, 2018 -- AFGlobal and MHWirth have entered into a distribution agreement, providing the managed pressure drilling market with a comprehensive package for deepwater rig systems. This non-exclusive agreement enables MHWirth to offer AFGlobal MPD equipment for sale within their rig equipment business. As a leader in drilling rig systems, MHWirth can now offer the industry's most comprehensive MPD kit as part of their new build and retrofit...

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...