National Oilwell Varco Reports First Quarter 2019 Results
National Oilwell Varco, Inc. (NYSE: NOV) today reported first quarter 2019 revenues of $1.94 billion, a decrease of 19 percent compared to the fourth quarter of 2018 and an increase of eight percent from the first quarter of 2018. Operating loss for the first quarter of 2019 was $48 million, net loss was $77 …
Emerson Launches Intelligent Multistage Completion Network™ (IMCN) for Reservoir Insights from the Sandface
Emerson, in partnership with Metrol, a leader in battery-powered wireless well monitoring, has launched the Intelligent Multistage Completion Network™ – an integrated upper and lower completions downhole solution that communicates wirelessly with instruments at the reservoir sandface, the physical interface between the formation and the wellbore. This is enabled by …
TMK Announces 1Q 2019 Operational Results
The following contains forward-looking statements concerning future events. These forward-looking statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. 1Q 2019 shipments data is preliminary and may be adjusted. TMK, one of the world’s leading producers of tubular products for the oil …
Arja Talakar Named CEO of Siemens Oil & Gas
Arja brings to this position extensive leadership experience. Prior to taking this new role, he was responsible for Siemens Saudi Arabia, a market and area of the world very important to the oil and gas and power businesses. Together with his team, Arja has developed close ties and strategic partnerships …
Turan Drilling & Engineering Wins $500 Million BP Contract in Azerbaijan
Turan Drilling & Engineering Company LLC (A KCA Deutag and SOCAR AQS Company), today announces that it has been awarded its first contract, which is with BP Exploration (Caspian Sea) Limited (“BP”). The contract has a value of approximately $500 million for the firm period or $700 million including all …
BiSN Makes Key Global Appointment
BiSN, the global leader in innovative metal-to-metal downhole sealing solutions, continues to underline its commitment to global growth with the appointment of Hema Prapoo as Vice President of Sales. Hema brings 15 years of experience and will be responsible for managing global sales and business development at BiSN. Her role …
National Oilwell Varco Provides Operational Update for the First Quarter 2019
National Oilwell Varco, Inc. (NYSE: NOV) today announced that it expects to report first quarter 2019 revenues of $1.94 billion, which is below prior expectations. “The severity of the decline in demand for oilfield equipment resulting from the sharp fall in oil prices during late 2018, further compounded by capital austerity that …
Weatherford Subsea Wellhead Retrieval System Named Top Industry Engineering Innovation
Weatherford International plc (NYSE: WFT) (the “Company” or “Weatherford”) announced today that the most recent version of the Company’s subsea wellhead retrieval system, known as M.O.S.T. Plus (Mechanical Outside-latch Single-Trip), has won the Meritorious Award for Engineering Innovation from Hart Energy. The honor is awarded to breakthrough products that impact offshore exploration …
Aker Solutions and FSubsea to Create FASTSubsea to Boost Subsea Oil Recovery
Multiphase subsea pumping technology has the potential to increase oil recovery rates by more than 20 percent, but cost, space limitations and sometimes complex solutions mean multiphase pumps are installed in fewer than 30 of the world’s 1,500+ offshore fields. With FASTSubsea, this is about to change. The new company …
Cyberhawk Signs Global Teaming Agreement with John Zink Hamworthy Combustion to Provide UAV Asset Inspections
Cyberhawk, a world leader in drone inspection technologies and visualization software for UAV data, has signed a global teaming agreement with John Zink Hamworthy Combustion (JZHC), a world-leading authority on flares, burners and emissions control and a pioneer in smart combustion solutions. Cyberhawk will be supporting JZHC with aerial inspections …