Industry News
News from TIW Corporation
TIW Corporation has a long and proud tradition of bringing new and innovative solutions to the oil and gas industry, and our products are used in every major producing region of the world. Learn more about TIW and see the upcoming shows and events we'll be attending. We hope to see you at an upcoming industry event. If you'd like to set up a meeting with TIW at an upcoming show, please email us.
TIW® XPak™ Expandable Liner Hanger/Packer System Effectively Isolates Trouble Zones, Sets Record In Offshore Middle East Well.
System sets size record for expandable liner hanger installation, eliminates two-stage cement job in unstable formations, provides greater well control.
Dril-Quip Agrees To Acquire TIW Corporation
Monday, October 17, 2016Dril-Quip, Inc. (NYSE: DRQ) today announced that it has entered into an agreement to acquire TIW Corporation, a 100-year old industry-leading manufacturer of consumable downhole products for the global oil and gas market, for approximately $143 million, subject to closing adjustments. TIW provides liner hanger systems and related equipment and services worldwide and is based in Houston, Texas.
TIW UK Secures Three-Year Contract Extension With Total E&P UK
Tuesday, April 26, 2016TIW UK Limited recently signed a three-year contract extension with Total E&P UK. This three-year agreement is focused on the supply and rental of Liner Hanger products and services for their upcoming drilling projects within the North Sea.
TIW Corporation Announces the Completion and Delivery of Two Large Diameter "Ball Type Safety Valves" to Marine Well Containment Company:
Tuesday, July 8, 2014TIW Corporation announced the completion and delivery of two large diameter Ball Type Safety Valves to Marine Well Containment Company (MWCC) for use with their expanded containment system. The Class II Ball Type "Hurricane Valve†is a custom valve design derived from the well-proven TIW Kelly Valve used for drilling operations worldwide.
TIW Casing Pulling Tool Attributed to Total Safety Award
Tuesday, June 3, 2014Total E & P UK awarded the 2013 "Best Safety Improvement†award to their CGA2-RGV Team working on the Franklin Project as a result of the implementation of the CPT Casing Pulling Tool for casing recovery operations.
TIW Corporation Unveils Online Efforts to Showcase Its Growth:
Thursday, September 26, 2013TIW Corporation launched its new online presence, featuring a new and improved www.tiwoiltools.com and multiple social media channels. The new TIW website offers features and expanded content better showcasing key product lines and services, as well as opening the door to more interaction with customers. Additionally, a new look for TIW Corporation makes its debut with the website, which is part of a broader effort to build the company’s brand identity and focus its messaging in the marketplace.
200 Expandable Liner Hangers Successfully Installed in Ecuador:
Wednesday, June 5, 2013TIW Corporation has successfully completed 200 liner installations in the South American country of Ecuador utilizing the XPak expandable liner hanger system. The majority of the installations were for 7-inch liners inside of 9-5/8 casing. All of the wells were high angle or horizontal and in most cases rotation was required to get the liner assemblies to setting depth. Clients included Andes Petroleum, Petro Amazonas, Petro Ecuador and Rio Napo. TIW Ecuador continues the deployment of the expandable liner hanger at a pace of 10 to 12 new installations per month with 62 liners installed to date in 2013.
Large Diameter Expandable Liner Hanger in Gulf of Mexico:
Tuesday, June 25, 2013TIW Corporation has successfully run the first Large Diameter XPak Expandable Liner Hanger in the deepwater Gulf of Mexico's Mississippi Canyon region. The 16-inch by 22-inch liner hanger was part of a completion system for Noble Energy's Gunflint Project, which was drilled in more than 6,000 feet of water. The system featured a 9,825-foot liner weighing 953,000 pounds (in air), and was set at a total depth of 18,479 feet.