DNV GL: New Synergi Gas Tool Models Multiphase Flows
Gas gathering and transmission companies have until now taken on the cost of external consultants or specialized in-house expertise for multiphase network analyses. With DNV GL’s new Multiphase Module in Synergi Gas software, users can take full control of their analyses. Multiphase flow is common in gas gathering systems, where …
DBR: Gensets Ready for Offshore Action in Hazardous Areas
As well as standard and custom made generator sets for the maritime and offshore markets, DBR is also specialized in manufacturing ATEX-95 Zone 2 systems. Requiring significant modifications compared to the standard systems, these generator sets deliver a safe and efficient power supply to the offshore Oil & Gas industry. …
Eurasia Drilling Company: Shareholders Approve Merger with Schlumberger
Eurasia Drilling Company Limited announced that it had agreed with certain members of the Company’s management team and certain significant shareholders the terms of a merger between the Company and EDC Acquisition Company Limited, a company formed by one of the Participants solely for the purposes of the Merger, under the provisions …
PGS Wins Patent Dispute With EMGS
Petroleum Geo-Services ASA today announces that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices ASA (‘EMGS’) against PGS for patent infringement relating to PGS’ Towed Streamer EM technology. The court found that EMGS’ patent NO 324 …
Aker Solutions: Q4 Sales up 21%
Aker Solutions revenue rose 21 percent to NOK 9.2 billion in the fourth quarter of 2014 from a year earlier, helped by strong progress on major projects across the global business. Earnings before interest and taxes (EBIT) climbed to NOK 557 million in the quarter from NOK 486 million a …
Petroleum Geo-Services ASA : Fourth Quarter and Preliminary Full Year 2014 Results
PGS: Strong 2014 MultiClient Late Sales – Well Placed to Navigate Current Market Environment Revenues of $1,453.8 million, compared to $1,501.6 million in 2013Highlights 2014 EBITDA of $702.6 million, compared to $828.9 million in 2013 EBIT, excluding impairments, of $178.0 million, compared to $397.1 million in 2013 Group EBIT margin, excluding …
AGR: Wins Drilling Optimisation Contract with LUKOIL Overseas
Global oil and gas service provider AGR announces a substantial contract win to optimise drilling performance with LUKOIL Overseas, the operator of LUKOIL’s international upstream projects. The contract covers LUKOIL’s drilling operations in several territories internationally, including Middle East, Black Sea, Africa and Central Asia. AGR will increase LUKOIL’s drilling …
Boskalis: Takes Ownership of the White Marlin and Freeway
Royal Boskalis Westminster N.V. (Boskalis) announces that the Dockwise vessel White Marlin was named and christened during a festive ceremony in Guangzhou, China. Following the ceremony, the semi-submersible heavy transport vessel will be mobilized to Singapore for its maiden transport of two drilling rigs for discharge in Abu Dhabi. The …
C.A.T. oil AG: 2015 Order Book Takes Massive Ruble Rate Hit
C.A.T. oil AG, the provider of oil and gas field services in Russia and Kazakhstan, informs about the 2015 tendering campaign: despite the difficult macroeconomic environment in its core markets and the weak oil price the Company has successfully placed more than 90% of its fracking capacities, around 75% of …
Kværner ASA: Fourth Quarter Results 2014
Stable margins, positive development of competitive power. The high activity level in Kvaerner continued in the fourth quarter. Revenues for the full year reached a record high of NOK 17.5 billion, including Kvaerner’s share of jointly controlled entities. Simultaneously with the execution of parallel projects, the company implemented several measures …