Service Companies & Manufactures

Oilfield services provider Weatherford International Plc, burdened by a heavy debt load and years of losses, said on Friday it would file for Chapter 11 bankruptcy protection. The company, which at its peak was valued at more than $50 billion, never recovered from the 2014 oil price collapse. Efforts under …

May 9, 2019: Oslo, Norway, at the annual general meeting held on April 24, 2019 it was approved to change the Company’s name from Petroleum Geo-Services ASA to PGS ASA. The name change is now registered in the Norwegian Companies House and is in full effect. source  

Parker Drilling Company today announced results for the first quarter ended March 31, 2019, which included a net loss of $90.2 million, or a $9.63 loss per common share on revenues of $157.4 million. First quarter Adjusted EBITDA was $28.4 million.1 Gary Rich, the Company’s President and CEO, said, “With our …

Probe, a leading supplier of cased-hole logging and advanced monitoring technology to the global oil and gas and geothermal industries, today announced that it continues to make headway in offering its customers additional resources to dramatically increase their data logging capabilities through the adoption of its high-speed digital (HD) telemetry …

IriSphere look-ahead-while-drilling service reduces drilling risks and improves efficiency by providing data ahead of the bit in real time Schlumberger today introduced the IriSphere* look-ahead-while-drilling service at the Offshore Technology Conference. The new service provides the industry’s first application of electromagnetic (EM) technology for detecting formation features ahead of the …

The results for the first three months in 2019 is the 31st quarter in a row where Kvaerner delivers solid, positive results. Per 31 March, the revenues were NOK 2 158 million including joint ventures. The corresponding EBITDA was NOK 137 million, and the EBITDA margin was 6.3 percent. The first quarter …

Aker Solutions launches ix3(TM) – a software and digital services company that enables operators to accelerate field development projects and optimize asset performance. ix3 has created a digital twin platform called Integral(TM) that brings together engineering, manufacturing and test data with live-streamed operational data. Integral monitors, assesses, maintains and optimizes energy …

Halliburton today released Flex™ Managed Pressure Drilling System (MPD), a scalable and mobile technology that can be configured to address specific operator challenges and deliver greater rig efficiency. The tiered system allows operators to select the right level of service to help maximize the cost/benefit of managed pressure drilling services. The standard …

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, …