Siemens and Aker Solutions to Strengthen Digital Offerings through Strategic Collaboration
Siemens and Aker Solutions have signed a strategic collaboration agreement to further develop digital offerings in engineering, operations and services. The collaboration focuses on the creation of software applications and joint service offerings including the development of industrial digital twins that will drive efficiency throughout the entire plant lifecycle. In …
Kreuz Subsea Appoints Industry Veteran to its Board
Global integrated subsea services business, Kreuz Subsea, has announced the appointment of Knut Eriksen as the board’s first independent non-executive director. Mr Eriksen, who took up the advisory position on Friday, 1st December 2018, will support the business on a strategic level and help to identify future growth opportunities. He …
Weatherford Completes Sale of Saudi Arabia Land Drilling Rigs
Weatherford International plc today announced it has completed the sale of its Precision Drilling Services Saudi Arabia land drilling operations, including 11 drilling rigs, 923 employees and associated customer contracts to ADES International Holding Ltd. for $92.5 million in cash. In July 2018, a subsidiary of Weatherford signed definitive agreements …
BHGE Launches Subsea Connect and Aptara™ TOTEX-Lite Subsea System to Unlock Value from Offshore Developments
Subsea Connect improves the economics of offshore projects and has the potential to unlock an additional 16 billion barrels of oil reserves globally Aptara™ TOTEX-lite subsea system incorporates lightweight, modular technologies designed for life of field and re-engineered to cut the total cost of ownership in half BHGE’s Subsea Production …
Cubility Announces First Russian MudCube Deployment With Slavneft Contract
Cubility AS, a leading provider of solids control solutions, has announced a multi-million dollar contract to supply its MudCube® solution to Russian operator Slavneft and its OOO Baikit Oil & Gas Exploratory Expedition (OOO BNGRE) subsidiary. OOO BNGRE is responsible for exploration, drilling and production in the Krasnoyarsk region in Central and …
Major Contract Extension Strengthens Expro’s Position in Azerbaijan
Leading international oilfield services company, Expro, has strengthened the opening of its new purpose-built facilities in Baku, winning a four-year contract extension for BP’s Shah Deniz Stage 2 project. The contract extension will see Expro continue its provision of subsea landing string equipment and services to the project in the …
Baker Hughes, GE Announce Agreements to Accelerate Separation
Houston-based Baker Hughes, a GE Company, and Boston-based General Electric Co. are taking the initial steps toward the separation they announced in June. On Nov. 13, the companies announced a series of long-term agreements related to their commercial and technological relationships, according to a press release. They also agreed to release GE …
Baker Hughes, a GE Company and General Electric Company Announce a Series of Long-Term Agreements to Maximize Value for Both BHGE and GE
Baker Hughes, a GE company and General Electric Company jointly announced today the entry into a series of long-term agreements that amend the commercial and technological relationships between the two companies. The Agreements focus on: Long-term collaboration on critical rotating equipment, including aeroderivative and heavy-duty gas turbine technology. BHGE access …
TMK: Announces 3Q and 9M 2018 IFRS Results
PAO TMK (“TMK” or “the Group”), one of the world’s leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the third quarter of 2018 and nine months ended September 30, 2018. 3Q and 9M 2018 Highlights Financial § 3Q …
Schlumberger Introduces New Well Testing Technology
Schlumberger today introduced Concert* well testing live performance technology at the Abu Dhabi International Petroleum Exhibition & Conference. The new technology brings real-time surface and downhole measurements, data analysis, and collaboration capabilities to well testing. In the Concert performance ecosystem, all well test data are digitally integrated via wearable technology, …