Russia Oil Gas Magazine

Third quarter revenues of $1,120 million, increased 5% sequentially, led by higher Drilling and Evaluation activity Net income was $28 million and operating income was $121 million Adjusted EBITDA[1] was $214 million, a 19.1% adjusted EBITDA margin with a 160 basis point sequential improvement Net cash provided by operating activities …

Improving Utilization and Contract Rates Strong Cash Flow Generation Takeaways Q3 2022 Revenues and Other Income of $198.5 million, compared to $141.7 million in Q3 2021 EBITDA of $98.1 million, compared to $65.6 million in Q3 2021 EBIT (ex. impairments and other charges, net) of $33.8 million, compared to a …

Total revenue amounted to USD 135 million in Q3 2022 versus USD 200 million in Q3 2021.  The late sales portion of revenues was USD 65 million, representing a substantial increase compared to the USD 31 million reported for Q3 2021. EBITDA was USD 97 million, and the operating result …

Complementary technologies elevate drilling performance benchmarks SLB today announced it has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology. The transaction will integrate Gyrodata’s wellbore placement and surveying technologies within SLB’s Well Construction business, bringing customers innovative drilling solutions. …

Q3 2022 Earnings Release, with Financial Tables (263 KB PDF) (To view PDF files, get Adobe Acrobat Reader.) Revenue of $7.5 billion increased 10% sequentially and 28% year on year International revenue of $5.9 billion increased 13% sequentially and 26% year on year North America revenue of $1.5 billion was …

TGS, a global provider of energy data and intelligence, announced today a partnership with NRGX to jointly provide an easy solution to scrutinizing well data quality when accessing TGS log subscriptions. This will enable customers to quickly identify the right data for their workflows through the NRGX tool. ​ NRGX Technologies …

Orders of $6.1 billion for the quarter, up 3% sequentially and up 13% year-over-year. Revenue of $5.4 billion for the quarter, up 6% sequentially and up 5% year-over-year. GAAP operating income of $269 million for the quarter, up $294 million sequentially and down $110 million year-over-year. Adjusted operating income (a …

Non-aqueous solvent technology drives carbon capture cost reductions across hard-to-abate industries Schlumberger announced today that it has entered into an agreement with RTI International, a nonprofit research institute, to accelerate the industrialization and scale-up of its proprietary non-aqueous solvent (NAS) technology, which enhances the efficiency of absorption-based carbon capture. The …

Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announces entering into a strategic agreement with Kwantis, a leading advanced drilling analytics company. This agreement will strengthen the Weatherford Centro™ well construction optimization platform with multi-well benchmarking and Drilling KPI analytics to provide exceptional visibility and performance optimization across multiple operations …

Halliburton Company today introduced the HalVue® service for real-time wireline data visualization to expand current features on the platform. HalVue is a real-time data monitoring application that gives customers a consistent view of data across operations as it comes in from the rig to help maximize asset value. Halliburton recently …