TMK Announces FY 2018 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. 4Q 2018 shipments data is preliminary and may be adjusted. TMK, one of the world’s leading producers of tubular products for the oil …
Schlumberger to Abandon Russia’s EDC Bid if Approvals Not Met Soon
Schlumberger NV (SLB.N) said on Friday it would withdraw its application for the acquisition of a stake in Russia’s Eurasia Drilling Company (EDC) if it is not successful in getting approvals soon. Schlumberger said it would buy a stake in EDC, Russia’s largest oilfield services provider, back in 2017. “Unfortunately, …
RESMAN Grants Global Patent Licence to Tracerco
RESMAN AS and Tracerco, a subsidiary of Johnson Matthey Plc, have entered into a global patent licence agreement under which Tracerco will have the right to conduct commercial business based on RESMAN’s industry-leading inflow monitoring patent portfolio. The agreement follows a mutually agreed decision for the two companies to discontinue …
Schlumberger Announces Full-Year and Fourth-Quarter 2018 Results
• Full-year revenue of $32.8 billion increased 8% year-on-year • Full-year GAAP EPS, including charges & credits, was $1.53 • Full-year EPS, excluding charges & credits, of $1.62 increased 8% year-on-year • Full-year cash flow from operations and free cash flow were $5.7 billion and $2.5 billion, respectively • Fourth-quarter …
Sercel and Apave Enter Strategic Partnership for Structural Health Monitoring
CGG announced today that Sercel has signed a strategic partnership agreement with Apave for the delivery of a structural health monitoring (SHM) solution. The partnership brings together Sercel’s high-end sensor technology and Apave’s expertise as a specialist in structural health monitoring. Sercel will also take advantage of Apave’s strong international …
PGS: Signed Vessel Sale Agreement for Ramform Sterling – Correction
Reference is made to PGS press release dated November 15, 2018. PGS has now signed the vessel sale agreement for the Ramform Sterling to Japan Oil, Gas and Metals National Corporation (“JOGMEC”), an incorporated administrative agency of Ministry of Economy Trade and Industry in Japan. JOGMEC will take delivery of …
CADMATIC: Revenues Up 29% – Turnover Over €20 million
CADMATIC has achieved very strong growth and turnover figures for 2018: 29% growth resulting in record turnover of over €20 million. During the same period, the company’s number of staff has increased to over 140. With exceptional results also reported in 2017, the last two years have seen rapid growth …
Acquisition of Trevi Oil&Gas Division by MEIL
The board of directors of Trevi Finanziaria Industriale (Trevi) has approved the binding offer submitted by Megha Engineering & Infrastructures Ltd. (MEIL Group) for the acquisition of its group companies which are part of the Oil & Gas division, namely Drillmec and Petreven. MEIL Group is one of the major …
Saipem and Renaissance Seal $2.5 bln Arctic LNG 2 Contract
Italian oil and gas industry contractor Saipem has secured a €2.2 billion ($2.5 billion) contract for Russian Novatek’s Arctic LNG 2 project. In a joint venture with Renaissance, a Turkish oil and gas services company, Saipem has been awarded an onshore engineering and construction project to build three liquefaction trains with …
RESMAN Announces Acquisition of Restrack
RESMAN AS, a leader in well and reservoir surveillance and intelligent tracer systems, today announced that it has agreed to acquire Restrack AS, a tracer service provider, in a share purchase agreement. The combined company will have up to 100 employees. The combination of RESMAN’s reservoir monitoring and intelligent chemical …