AFGlobal to Provide Lifecycle Riser Services for IFP Energies Nouvelles

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...
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AFGlobal Awarded Managed Pressure Drilling Contract

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...
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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...
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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,...
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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...
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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....
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