Service Companies & Manufactures

Weatherford International today unveiled Victus intelligent MPD, an Industry 4.0 solution that features intelligent control, equipment automation and leading technical competence driven by a global engineering organization. Based on experience in more than 7,600 MPD operations, Victus enables operators and drilling contractors to achieve their objectives with unmatched safety and …

TGS-NOPEC Geophysical Company ASA announced today that it has agreed on the principle terms for the acquisition of Spectrum ASA, creating a leading provider of 2D and 3D seismic data. The transaction is expected to be completed as a statutory merger pursuant to Norwegian corporate law between TGS and Spectrum, …

eDrilling announced today that it has signed a contract with Gazpromneft-Yamal, a Gazprom Neft subsidiary, for the use of eDrilling’s software to optimize its drilling operations in the Tyumen region. “Our objective is to improve performance across the board through the use of new technologies and design solutions in the …

Weatherford International plc today announced it has completed the sale of its laboratory services business to a group led by CSL Capital Management, L.P. for $206 million in cash. In October 2018, the Company signed a definitive agreement to divest its laboratory and geological analysis business, including personnel and associated …

Weatherford International plc today announced it has completed the sale of its surface data logging business to Excellence Logging for $50 million in total consideration. In December 2018, the Company signed a definitive agreement to sell all of its surface data logging equipment, technology and associated contracts to Excellence Logging. …

Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported first quarter 2019 operating revenue of $800 million, compared to operating revenue of $782 million in the fourth quarter of 2018. Net income from continuing operations attributable to Nabors common shareholders for the quarter was a loss of $122 million, or …

Weatherford International plc has commercially released ForeSite® Edge, the next generation of well automation and control. ForeSite Edge significantly expands on the capabilities of a traditional controller by harnessing the power of the company’s industry-leading ForeSite production optimization and CygNet® IoT/SCADA platforms. Together, these technologies introduce Production 4.0 intelligence to the …

· Total revenues were NOK 1 070 million, up 21% compared with the same quarter previous year · EBITDA was NOK 92 million, including positive effect of IFRS 16 (new lease standard) of NOK 27 million · Net interest-bearing debt was NOK 290 million (excluding lease liabilities from IFRS 16), …

Halliburton Company today introduced the Elect® frac sleeve, a monobore sleeve solution that enables unlimited stage count in multistage fracturing operations. The Elect frac sleeve is an evolutionary step in completion sleeves, supporting greater flexibility for highly optimized reservoir access with pinpoint well stimulation options. The Elect frac sleeve provides no …

Revenue of $272 million in 1Q19 Diluted EPS of $(0.07) and adjusted EPS of $(0.04) in 1Q19 Net loss of $8 million and adjusted EBITDA of $22 million in 1Q19 Cash flow from operations of $18 million and free cash flow of $14 million in 1Q19 Forum Energy Technologies, Inc. today announced first quarter 2019 revenue of $272 million, a decrease of $1 million from the fourth …