Russia Oil Gas Magazine

Aker Solutions announces today an acceptance of its ambitious climate commitment by the Science Based Targets initiative. In line with the science-based criteria, Aker Solutions is committed to halve greenhouse gas emissions from its own operations by 2030 and achieve net-zero by 2050. Science-based targets are emissions reduction targets in …

Energy services provider Expro (NYSE: XPRO) is leading industry efforts to meet environmental targets with the development of a digital technology that can help drilling contractors and operators cut an estimated 146 tons of CO2 emissions annually – the equivalent of 58 transatlantic flights. While the oil and gas industry …

Shawcor Ltd. today announced that it will seek to change its name to Mattr (the “Name Change”). The Name Change is expected to occur during the first half of 2023, conditional on regulatory and shareholder approvals, and it is anticipated that trading of the Company’s common shares will commence under …

Aker Solutions today received grade A+ in an evaluation of environmental, social, and corporate governance (ESG) reporting of the 100 largest companies on the Oslo Stock Exchange.  The influential annual ESG100 report, by the Position Green Group (formerly known as The Governance Group), analyzes the accuracy, clarity, and relevance of …

World-leading provider of advanced drilling simulation technology, Drilling Systems, part of market-leading provider of training, technology and simulation solutions 3t Energy Group, has delivered a bespoke well control training lab to Western Texas College (WTC) with the installation of its cutting-edge simulators. The new lab will provide in-demand well control …

Revenue of $172 million, an 11% sequential increase Orders of $203 million and book-to-bill ratio of 1.18 Net income of $9 million and diluted EPS of $1.15 Adjusted EBITDA of $15.5 million, a sequential increase of $7 million, or 74% HOUSTON–(BUSINESS WIRE)–Aug. 4, 2022– Forum Energy Technologies, Inc. (NYSE: FET) …

Nabors Industries Ltd. today reported second quarter 2022 operating revenues of $631 million, an increase of approximately 11%, compared to operating revenues of $569 million in the first quarter of 2022. The net loss from continuing operations attributable to Nabors shareholders for the quarter was $83 million, or $9.41 per …

Baker Hughes has signed an agreement to sell its Oilfield Services business in Russia (“OFS Russia”) to its local management team. The agreement follows on the Company’s previously announced suspension of new investments for its Russia operations and commitment to comply with appliable laws and sanctions. The new business will …

Revenue of $1.73 billion, up 12% sequentially and 22% year-over-year Net Income of $69 million, or $0.18 per fully diluted share Operating profit of $68 million, up $89 million sequentially and $56 million year-over-year Adjusted EBITDA* of $150 million, up $47 million sequentially and $46 million year-over-year Orders of $670 …

Full-year revenue outlook increased to mid-teens growth year-over-year Second quarter revenues of $1,064 million increased 13% sequentially, led by strong international growth of 14% Operating income was $104 million, compared to $18 million in the first quarter of 2022 and adjusted EBITDA[1] was $186 million or a 17.5% adjusted EBITDA …