Weatherford: Q3 Results – Revenues Up 8% Excluding Business Unit Sales
Revenues, excluding divestitures, grew 8% sequentially EPS of $0.32 (non-GAAP) improved 33% sequentially Incremental operating income of 48% on sequential revenue growth Reduction in Net Debt of $717 million BAAR, Weatherford International plc reported net income before charges of $248 million ($0.32 diluted earnings per share on a non-GAAP basis) …
TGS NOPEC: Announces Q3 Revenues of USD 190 million
TGS reports net revenues of USD 190 million in Q3 2014, compared to USD 191 million in Q3 2013. Earnings before interest and taxes (EBIT) totaled USD 71 million, corresponding to an EBIT margin of 38%. Cash flow from operations was USD 184 million, an increase of 57% from Q3 last …
PGS: 3rd Quater Results – Revenues Up, EBITDA Down
Highlights Q3 2014: Challenging Market Good Contract and Cash Flow Performance Revenues of $394.2 million, compared to $365.6 million in Q3 2013 EBITDA of $181.7 million, compared to $216.0 million in Q3 2013 EBIT, excluding impairments, of $77.5 million, compared to $108.3 million in Q3 2013 Group EBIT margin, excluding impairments, of …
ABB delivers strong order growth in Q3
Orders up 28%1 driven by large orders in power infrastructure and oil and gas Base orders increased for 5th consecutive PS ‘step change’ program on track; operational EBITDA2 at breakeven in Q3 Revenues and operational EBITDA reflect lower opening order backlog and Power Systems Cost reduction and cash generation …
ABB partners with Vestas to electrify off-grid communities in Africa
Zurich, Switzerland, Oct. 20, 2014 – ABB, the leading power and automation technology group, and global wind energy company Vestas today signed a partnership agreement whereby they will contribute with their respective technologies to help rural communities in developing markets gain access to affordable clean electricity. The two companies …
Schlumberger Increases Year-on-year Revenue by 9%
Schlumberger Limited (NYSE:SLB) today reported third-quarter 2014 revenue of $12.6 billion versus $12.1 billion in the second quarter of 2014, and $11.6 billion in the third quarter of 2013. Third-quarter revenue was up 5% sequentially and increased 9% year-on-year with International Areas revenue of $8.3 billion growing $222 million, or …
Two Liebherr 200 EC-H 10 FR.tronic Tower Cranes Used in a Shipbuilding Yard in India
Two 200 EC-H 10 FR.tronic tower cranes used in Lavgan Dockyard ship repair yard on the west coast of India Both cranes are mounted on rail-going portals Cranes feature special maritime equipment Liebherr-Werk Biberach GmbH delivered two cranes for permanent use in a Lavgan Dockyard in India. The two 200 …
National Oilwell Varco Announces $3 Billion Share Repurchase Plan
National Oilwell Varco, Inc. announced today that its Board of Directors has authorized a share repurchase program to purchase up to $3 billion of the company’s outstanding common stock. Clay C. Williams, National Oilwell Varco’s Chairman, President and CEO, commented: “This authorization comes after several months of careful consideration and …
Investment Rises in Attractive Kazakhstan Upstream Market
RPI, a leading provider of research on the energy sector of Russia, the Caspian region, Central and Eastern Europe, would like to bring to your attention “Kazakhstan’s Oilfield Service Market: Rise in Investment Attractiveness Amid New Realities” research study. Despite the geopolitical tensions and Western sanctions against Russia, Kazakhstan continues …
Aker Solutions Starts Trading on Oslo Exchange After Company Split
Aker Solutions today started trading on the Oslo stock exchange as a leaner and more streamlined company that will build on its strengths in the subsea and field design markets. The company emerges after a spin-off of the Subsea, Umbilicals, Engineering and Maintenance, Modifications and Operations (MMO) businesses of the …