Weatherford to Sell its Engineered Chemistry and Drilling Fluids Businesses for $825 Million in Cash and Earnout
Weatherford International plc has signed a definitive agreement with an affiliate of The Lubrizol Corporation (“Lubrizol”), a Berkshire Hathaway company, for the sale of the Company’s engineered chemistry and Integrity drilling fluids business. The businesses will be sold for $750 million in cash, subject to customary purchase price adjustments, plus …
Northern Offshore: Delays Energy Endeavor Jack Up Contract With Rosneft
Northern Offshore, Ltd. today issued an update to its July 30, 2014 announcement of a 2 1/2 year contract with Rosneft for its jackup drilling unit Energy Endeavor. In conjunction with partners North Atlantic Drilling and Seadrill, Northern has agreed to delay the transaction until the end of May 2015. While Northern …
C.A.T. oil Achieved All-time High in Job Count, Profitability and Earnings in Q3 2014
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, successfully continued on its profitable growth track in the third quarter. The Company successfully boosted revenues and achieved a signifi- cant earnings growth despite persisting geopolitical instabilities. C.A.T. oil benefited from positive …
Integra: Wins Tender for Well Logging Services With OJSC RN-Nyaganneftegas
On 24 November, LLC Geophyzservis is part of Integra Group won the tender at the same time for two large OJSC RN-Nyaganneftegas lots for long-term wireline logging and operations in well services A s part of a three-year contract as of 1 January, 2015, until the end of 2017 wireline …
Arctech: Starts Production of the New Icebreaking Multipurpose Supply Vessel
The production of the icebreaking multipurpose supply vessel for Sovcomflot was started with steel cutting on 26 November 2014. The ceremony took place at Vyborg Shipyard, where the blocks of the vessel are produced. The production start was attended by representatives from Sovcomflot, United Shipbuilding Corporation, Russian Maritime Register of …
Blue Water Shipping Signs Contract with KONGSBERG
The contract includes a two-year framework agreement covering international and domestic freight by air, sea and road for all KONGSBERG subsidiaries The global transport and logistics provider Blue Water Shipping has entered into an agreement with KONGSBERG having their headquarters in Norway. During a two-year period, Blue Water Shipping has …
GE Appoints Four New Company Officers
FAIRFIELD, Conn. — November 21, 2014 – GE announced today the appointment of four new Company officers. GE has 196 officers globally who lead large revenue-generating businesses or are in critical technology or functional roles, helping to drive growth. Harel Kodesh, 56, has been named vice president, chief technology officer, GE …
Ho Chi Minh City can expect $1.4 billion in economic benefit by investing in resilience
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CGG: Rebuffs Technip offer
CGG confirms having been approached by Technip in an unsolicited manner in respect of a potential combination. CGG has considered that the conditions to pursue were not met.
Technip: Looks to Takeover CGG
Following information released in the press, Technip announces that, on Monday, November 10, 2014, it approached CGG to create a first tier oil and gas services provider. The proposed transaction would take the form of a public tender offer in cash for CGG’s shares at a price of 8.30 euros …