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...
Read More AFGlobal Acquires Axon Pump Technology from Amkin
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...
Read More AFGlobal Acquires Advanced Measurement Inc.
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,...
Read More AFGlobal Completes Recapitalization, Reduces Debt by $680 Million
Company Receives $120M in New Capital to Support Future Growth
HOUSTON, TX, May 24, 2017 -- AFGlobal Corporation announced today that it has completed a recapitalization transaction, which as previously disclosed, was effectuated through a filing with the courts. The Company's pre-packaged recapitalization reduced AFGlobal's funded debt by approximately $680 million. Also as part of this transaction, AFGlobal's new ownership group-led by certain funds managed by The Carlyle Group, Eaton Vance...
Read More AFGlobal Corporation Enters Restructuring Support Agreement with its Lenders
Company to Reduce Leverage Substantially, Continues Key Leadership Role in Oil and Gas Technology, Products and Services
HOUSTON, TX, May 1, 2017 -- AFGlobal Corporation formally announced today (as previously disclosed) that it has entered into a Restructuring Support Agreement (RSA) with majority support from its senior lenders and launched a solicitation for a pre-packaged reorganization plan that will substantially reduce AFGlobal's debt service obligations and position it for long-term success....
Read More AFGlobal UK Receives ISO 9001:2015 Certification
UK facilities earn joint ISO 9001:2015 certification standards for their Management System
HOUSTON, TX, September 20, 2016 -- AFGlobal Corporation today announces that the Company's UK facilities in Knaphill and Bromborough have earned a joint ISO 9001:2015 certification standard for their Management System. This certification represents the first award for the current standard across the AFGlobal enterprise.
The elevated certification will help the Company evolve the business as a vertically integrated subsea...
Read More AFGlobal to Acquire Managed Pressure Operations
Combination creates most complete deepwater MPD offering from a single OEM
HOUSTON, TX, July 14, 2016 – AFGlobal Corporation today announces that it has agreed to acquire Managed Pressure Operations (MPO), a subsidiary of MHWirth. As a vertically integrated supplier, this acquisition further solidifies the company's position as a specialized original equipment manufacturer (OEM). The resulting combination of companies creates the most complete deepwater managed pressure drilling (MPD) offering currently available...
Read More AFGlobal Awarded Prestigious Industry Award
Company receives Offshore Technology Conference (OTC) Spotlight on New Technology award for Next-Generation Riser Gas Handling System
HOUSTON, TX, May 2, 2016 – AFGlobal Corporation today received the OTC Spotlight on New Technology award for its proprietary Riser Gas Handling (RGH) system. This technology improves traditional drilling efficiencies while helping to mitigate safety concerns and significant risk on deepwater drilling operations. The company was honored at a ceremony held at OTC...
Read More AFGlobal Facility Awarded API Q1/ISO 9001:2008 Certification
Company responds to increasing oil and gas requirements
HOUSTON, TX, February 2, 2016 -- AFGlobal Corporation today announces that its Allpoints facility in New Iberia, Louisiana has been awarded API Q1 quality management and ISO 9001:2008 certification related to the manufacture, repair and service of risers and subsea equipment.
These new certifications demonstrate the Company's ongoing commitment to achieving and maintaining the highest industry standards for quality management systems and processes. The API...
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