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 …
Weatherford: Sells Surface Logging to Excellence Logging for $50 million in Cash
Weatherford International plc today announced it has signed a definitive agreement to sell its surface data logging business to Excellence Logging for $50 million in cash. As part of the agreement, Weatherford will sell all of its surface data logging equipment, technology and associated contracts and will transfer the related personnel to …
Tendeka: FloFuse, New Technology Launched
In response to the challenges of effective water injection in fractured reservoirs, independent global completions service company Tendeka has launched a new technology to optimize oil production. As an addition to their extensive range of advanced inflow control technology, FloFuse can increase oil recovery by improving injected water conformance in …
Weatherford Receives Notice from NYSE regarding Continued Listing Standard
Weatherford International plc (NYSE: WFT) (the “Company” or “Weatherford”) today announced it has received written notice from the New York Stock Exchange (the “NYSE“) that the Company is not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE because …