TGS: Record Fourth Quarter Helps to Achieve Annual Guidance
Following its update on 13 January, TGS now confirms net revenues of USD 298 million in Q4 2014, up 10% from USD 271 million in Q4 2013 and representing a record high for the Company. TGS achieved its 2014 guided revenues with full year net revenues of USD 915 million, …
Polarcus: Rod Starr Assumes Role of Chief Executive Officer
Reference is made to the stock exchange notice published by Polarcus Limited on 11 January 2015 regarding the appointment of Rod Starr as the next Chief Executive Officer of Polarcus. The Company is pleased to announce that effective today, Rod Starr has assumed the role of Chief Executive Officer of …
Weatherford: Q4 and 2014 Annual Results – Debt Down $1.2bn
Weatherford International plc reported net income before charges of $252 million ($0.32 diluted earnings per share non-GAAP) on revenues of $3.73 billion for the fourth quarter of 2014. – Fourth Quarter EPS of $0.32 per share (non-GAAP) – Reduces Net Debt by $1.1 billion and generates free cash flow of …
Exterran Holdings Announces Quarterly Cash Dividend
Exterran Holdings, Inc. announced that its Board of Directors has declared a dividend of $0.15 per share of common stock, a rate of $0.60 per share on an annualized basis, to be paid on Feb. 17, 2015 to stockholders of record at the close of business on Feb. 9, 2015. …
National Oilwell Varco Announces Fourth Quarter and Full Year 2014 Earnings
National Oilwell Varco, Inc. today reported that for its fourth quarter ended December 31, 2014, it earned net income from continuing operations of $595 million, or $1.39 per fully diluted share, compared to net income from continuing operations of $699 million, or$1.62 per fully diluted share in the third quarter …
ERIELL Signed a 9-year Contract for Drilling in Novy Port
ERIELL, an international oilfield service group, has won a JSC Gazprom Neft Novy Port tender for drilling of 136 producing wells in Yamal Peninsula, Russia. The term of the contract is 9 years. “ERIELL Group focuses on establishment of long-term relations with its partners. The Novy Port project has become …
Exterran: Wins Latin American Contracts
Exterran Holdings, Inc. today announced that it has signed two agreements related to projects in Bolivia and Brazil. The first, signed on Oct. 31, 2014, is a six-year compression services contract with Petrobras Bolivia S.A. including construction and installation of a compressor station for two fields near Tarija,Bolivia. The project …
Cubility: Appoints Knut Haga as Chief Technology Officer
Cubility AS, an industry-leading provider of solids control solutions that improve efficiencies and HSE around drilling operations, today announced the appointment of Knut Haga as the company’s new Chief Technology Officer. Knut’s role will be to manage Cubility’s technology and R&D strategy, taking responsibility for technological development, project management and …
Russian Direct Investment Fund Comments on Eurasia Drilling and Schlumberger Merger
Following this morning’s announcement of Eurasia Drilling’s take private and Schlumberger’s US$1.7 billion investment in the Company post transaction, Kirill Dmitriev, CEO of the Russian Direct Investment Fund, commented, “This is a real vote of confidence by a major global company in Russian growth opportunities and the fundamentals of the oil …
UPDATED 25/9/15 – Eurasia Drilling Company To Merge With Schlumberger – Schlumberger Will Not Extend Log Stop Date Past the 30th September 2015
Update 25/9/15 Eurasia Drilling Company Limited announces that Schlumberger B.V. has advised the Company that SLB will not extend the long-stop date for completion of the proposed merger between the Company and EDC Acquisition Company Limited (“EACL”) and the related transaction with SLB (the “Transaction”) after 30 September 2015. The …