I am pleased to announce that OFS International LLC, along with its subsidiaries, successfully completed a financial Restructuring plan and emerged from Chapter 11 effective January 3, 2022.
During the 7-month reorganization process, OFSi substantially improved its financial health and resolved all pre-petition litigation matters. Porter Hedges acted as restructuring attorney, Chiron Financial the exclusive financial advisor and AZA law served as special counsel on intellectual property matters in this case.
We are very excited to start the new year of 2022 as a much stronger and more dynamic company.
We would like to thank all our customers, partners, and employees for their continuing loyalty and support during these challenging and uncertain times. We are also grateful to our new financial partners for well-timed endorsements.
OFSi has a strong commitment, the same as before, to provide premium products and services to the marketplace for many years to come.
We remain committed to supporting our
customers. Our world has changed dramatically these past few weeks. All of us
together face unprecedented obstacles with the rapid spread of COVID-19. Our industry
has been hit particularly hard. We’re not only battling a historic pandemic
which is severely affecting demand but the OPEC+ price war is creating substantial
oversupply. Over the past few weeks we’ve seen a significant decline in
drilling activity, creating a surplus in the OCTG market and resulting in large
Our number one priority is the safety of our team and their families. All office personnel are currently working from home. We are staggering shifts for the manufacturing group, enforcing social distancing, and taking other measures in accordance with the guidelines from the CDC. We are open and fully operational at all locations, ready to support you. Whether that be to sawcut and convert your current inventory, supply full length finished pipe, or provide accessories or field services. We appreciate your continued support and look forward to overcoming these obstacles with you. The OFSI team hopes that you and your families are staying safe during these times.
Meet the head coach Sergey Belovol with young athletes Valeria Belovol, Elena Troshneva, and Valentina Sabitova of TMK-Tagmet, an OFSi-sponsored women’s table tennis team of Tagmet, a major steel mill in Southern Russia. Tagmet is a reliable supplier of high quality green and to-grade pipe, as well as finished couplings. In appreciation for the long term, mutually beneficial cooperation OFSi has become a sponsor for the team.
The 2018 European Table Tennis Union Cup, one of the most prestigious European tournaments, took place in Metz, France. TMK-Tagmet overcame tough competition to advance to the ETTU semi-finals. On April 6th, 2018 TMK-Tagmet faced an opposing French team in the second semi-final match.
After showing strong character and determination the team earned the bronze medals, an impressive result in the highly contested European tournament. Undaunted, the dream for the Gold lives on for this team of capable young women.
OFS International successfully implemented Acumatica Cloud ERP system. The new system facilitates the growth for our business. Management can access the information easily and from anywhere. The new cloud ERP system will allow OFSi to be more efficient, provide better services to our customers, and add a competitive advantage over the competition. Acumatica, a modern ERP solution, is highly flexible and integrates with all other software applications that OFSi currently uses or plans to use. Although the implementation project was complex, it delivered huge value for our company and would allow us to grow without having any constraint from IT.
We volunteered our facility as a distribution center to drop off and deliver much needed supplies to our east Harris County community. We have the facility to handle the inbound supplies. We are currently contacting the local authorities for local distribution for donations for those affected by hurricane Harvey. We have 2 truck loads of donated items coming from Midland/Odessa. Anyone else wanting to donate we will be accepting items at our shop at OFSi. We want to support the East Harris County communities. We will start accepting donations on Thursday, August 31th, morning. God bless everyone!
Houston, TX, May 18, 2017 — Okuma / ABB Robotic Coupling Cell commissioned
This state-of-the-art cell incudes 2 Okuma LB4000 CNC lathes and 1 ABB6700 robot. The CNCs and robot are programmed autonomously: the robot picks coupling blanks off a pallet, feeds them into the lathes and then delivers finished couplings onto an exit conveyor, thus eliminating the need of the operator touching the coupling.
The fully enclosed integrated cell has enhanced safety features with laser sensor technology, full communication with the lathes, and is run by 1 operator assuring reduced cycle time and high precision consistent production.
The automated integrated cell can produce 4.5″- 7″ API and semi-premium couplings at a rate of about 30 couplings per hour.
Houston, TX, December 30, 2016 – OFS International LLC (OFSi) became a proud member of the American Petroleum Institute (API). This membership provides OFSi the access to the API research and training capabilities, support from API’s staff as well as facilitates further improvements in QA/QC, workplace safety, and overall company-wide performance.
Houston, TX, September 23, 2016 — OFS International LLC (OFSi), a Houston-based oilfield and tubular service company, announces that it completed the buyout of a 75% stake resulting in OFSi management becoming the company’s controlling shareholder. From now on OFSi will be acting as an independent player on the oilfield service market.
Houston, TX, April 5, 2013 — The U.S.-based service company OFS International LLC, controlled by TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has acquired a 100% stake in the pipe services and precision manufacturing assets of ITS Tubular Services (Holdings) Limited (Aberdeen, Scotland) and a group of affiliated shareholders.
The facility is located on an 84-acre site north-east of Houston and has the capacity to produce more than 700 thousand joints of threaded pipe and around 250 thousand couplings. In addition, the facility provides pipe inspection services and manufactures down-hole tools and accessories for a wide range of oil and gas applications.
As part of the agreement, OFS International LLC acquired the brand “Independent Inspection Services” and will continue to provide inspection services under this name.
“This acquisition marks another step in TMK’s expansion in the U.S. and reinforces the company’s focus on developing service and producing high value-added tools for the oil and gas industry,” said Alexander Shiryaev, TMK CEO.
Konstantin Semerikov, president of OFS International LLC, added: “These newly acquired assets will allow us to further integrate our operations as well as meet the pipe service requirements of our customers throughout the Americas”.