Services/Suppliers

May 26, 2008

Baker Hughes Inc.,

Meehan

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Houston, has acquired two reservoir consulting firms, Gaffney, Cline & Associates (GCA) and GeoMechanics International (GMI), strengthening the company’s capabilities in reservoir engineering, technical and managerial advisory services, and reservoir geomechanics. The company also has appointed D. Nathan Meehan, as vice-president, reservoir technology and consulting. Meehan will lead the company’s reservoir engineering, reservoir consulting, and hydrocarbon development activities, including the GCA and GMI businesses. The two firms will continue to operate as stand-alone consultancies while providing advice and services to enhance the reservoir-related offerings of Baker Hughes product line divisions. In addition to reservoir engineering, GCA advises clients worldwide in exploration, reservoir evaluation, field development, drilling and production, pipeline, refining, and LNG projects. GMI is a leader in consulting, training, and software in the field of geomechanics and its application to oil and gas reservoirs. Meehan has more than 30 years of experience in reservoir engineering, reserve estimation, hydraulic fracturing, and horizontal well production. Previously, he served as president of CMG Petroleum Consulting, an independent consultancy providing petroleum engineering services to major, independent, and national oil companies, and oilfield service companies; vice-president, engineering, for Occidental Oil & Gas; and general manager, exploration and production services, for Union Pacific Resources. Meehan earned his BS in physics from Georgia Institute of Technology, his MS in petroleum engineering from the University of Oklahoma, and his PhD in petroleum engineering from Stanford University.

Baker Hughes provides the worldwide oil and natural gas industry products and services for drilling, formation evaluation, completion, and production.

IDM Group,

Cyprus, has named Steve Krablin executive vice-president and CFO. He has more than 25 years of experience in the financial side of the international energy service industry, most recently as senior vice-president and CFO of National Oilwell Varco. Krablin is a graduate of the University of Arkansas and a certified public accountant.

IDM Group provides complete land rig packages and rig equipment to the energy industry from its primary facilities in Houston and Stryi, Ukraine.

GE Oil & Gas,

Florence, Italy, will establish its Americas regional headquarters at a new 13.5-acre site at Westway Park II, now under construction at the intersection of West Beltway 8 and Clay Road in Houston. The new location will also be the new business headquarters for VetcoGray and PII Pipeline Solutions. The new Houston facility will bring together close to 500 employees from several offices across the city, including all GE Oil & Gas employees currently based at the West Loop and Briarpark offices. They will be joined by a number of people from VetcoGray’s North Houston Rosslyn Road facility. The move is expected to be completed in the first quarter of 2009. The announcement follows an earlier announcement that GE had completed the acquisition from Tenaris of Hydril Pressure Control, which will remain at its North Sam Houston Parkway location. GE will maintain manufacturing operations serving the offshore industry at its North Houston Rosslyn Road and Business Park Drive facilities and its GE Oil & Gas Americas Service Center at Aldine Westfield Road. In all, GE Oil & Gas employs 2,000 people in the Houston area.

GE Oil & Gas is a world leader in advanced technology equipment and services for all segments of the global oil and gas industry.

Wood Group Pressure Control,

Murray
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Wood Group Pressure Control, Houston, has named Iain Murray vice-president of support services. He will have worldwide responsibility for project management and quotes, human resources, training, strategy, continuous improvement, and legal. Most recently, Murray worked with Wood Group’s gas turbine services division as the CEO of Wood Group Generator Services and president of Wood Group Light Industrial Turbines, Americas. Previously, he served as general counsel for Wood Group in the Americas and spent 7 years working in private practice. Murray has an honors bachelor of laws degree from Edinburgh University.

Wood Group Pressure Control designs and manufactures wellhead systems, gate valves, chokes, and actuators that control formation pressures and product flow from initial drilling through production for oil companies around the world. It is part of Wood Group, an Aberdeen-based international energy services company.

LeTourneau Technologies Inc.,

Longview, Tex., has appointed George Cupstid vice-president and general manager of offshore products. He has held seven positions over his 36 years with LeTourneau, most within the offshore products group. Cupstid’s new duties include the development, implementation, and execution of LeTourneau’s offshore products business strategy, which is primarily focused on the design, development, and manufacturing of jack up rigs and critical jack up components and accessories.

LeTourneau designed and fabricated the world’s first jack up drilling rig in 1955 and has since built more than 179 jack ups.