Saltel Widens Xpandable Steel Packer Footprint with New Installation of 5 AZIP Packers Between Active Inflow Control Devices, in Libya
Rennes, 28th Feb 2019. Ageing horizontal wells from the Zelten field (Sirte Basin, Libya) tend to face excessive water breakthrough. The client experienced the case in his open hole porosity producer well. Production tests showed a severely reduced oil rate of 210 barrels of oil per day (BOPD), and underlined …
Nabors Announces Fourth Quarter Results
Fourth Quarter Highlights: – Net debt decreased by $245 million – U.S. Lower 48 daily margin increased by $700 to over $9,400 – Nabors Drilling Solutions EBITDA increased by 43% to $23 million Nabors Industries Ltd. today reported fourth quarter 2018 operating revenues of $782 million, compared to operating revenues …
Nabors Appoints Anthony Chase as a Director
Nabors Industries Ltd. today announced that it has expanded its Board to seven members and appointed Anthony R. (“Tony”) Chase to fill the vacancy. Mr. Chase is the Chairman and Chief Executive Officer of ChaseSource, L.P., a Houston-based staffing and real estate development firm. He was a founder of mobile phone provider Cricket …
Fugro: Full Year Results 2018
Revenue growth of 19.2% on comparable basis, driven by Fugro’s key markets oil and gas, offshore wind and infrastructure. All divisions showed growth, in particular Marine. EBIT turned positive thanks to significantly improved profitability of the early cyclical marine site characterisation activities. Seabed results impacted by specific project execution issues …
Boskalis Expands Market Position in Marine Survey Through Acquisition of Horizon
Royal Boskalis Westminster N.V. (Boskalis) has acquired a 62.5% majority stake in the Horizon Group (Horizon) from the United Arab Emirates. Horizon’s main activities include marine geophysical surveys and geotechnical services. Peter Berdowski, CEO Boskalis, “Through this transaction, we are adding an important strategic position to our existing marine survey and …
CGG Announces New GeoSoftware Releases with Innovative Cloud-Ready Machine Learning Capabilities
CGG announces that GeoSoftware, part of its Geoscience Division, has launched a new generation of cloud-ready reservoir characterization solutions. Jason™ 10.0, HampsonRussell™ 10.4 and PowerLog™ 10.0 also feature advanced machine learning capabilities and greater cross-product integration, improving E&P project performance and providing a better understanding of reservoir properties. The three new releases already …
Halliburton Breaks Ground on First Oilfield Specialty Chemical Manufacturing Reaction Facility in Saudi Arabia
Halliburton Company is pleased to announce it will build the first oilfield chemical manufacturing reaction plant in Saudi Arabia. The Company held a ground-breaking ceremony on Monday, Feb. 18, at the plant’s PlasChem Park location in Jubail. Upon the plant’s completion in 2020, Halliburton will begin local manufacturing of specialty …
Liebherr: Large-scale Conversion Project on Offshore Platform Molikpaq Operated by Sakhalin Energy
First of two offshore cranes has already been replaced Modernisation of a third, already existing crane has been finished Total project duration planned until 2020 Liebherr’s maritime customer service is carrying out an extraordinary modernisation project on Sakhalin Energy’s Molikpaq offshore platform off the Russian island of Sakhalin. Two ram …
Rockwell Automation and Schlumberger Enter Joint Venture Agreement to Create Sensia, the Oil and Gas Industry’s First Fully Integrated Automation Solutions Provider
Rockwell Automation, (NYSE: ROK), the world’s largest company dedicated to industrial automation and information, and Schlumberger, (NYSE: SLB) the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry, announced today that they have entered into an agreement to create a new …
DuPont Sustainable Solutions to Become Independent Consulting Firm
DowDuPont Specialty Products division announced it will divest its DuPont Sustainable Solutions (DSS) business to create a new, independent global operations management consulting firm. The new firm will be led and operated by existing DSS management and supported by Gyrus Capital, an investment firm based in Geneva, Switzerland. Financial information …