RDS Enters into a Strategic Alliance with Kavin to Pursue Upstream and Midstream Oil and Gas Projects
RDS, a KCA Deutag business, and Kavin Engineering And Services Private Limited (“Kavin”) are delighted to today announce that they have entered into a strategic alliance that will see the two companies combine their strengths and expertise to jointly pursue design and engineering projects across the upstream and midstream oil …
LafargeHolcim Accelerates Growth Momentum; Revenue Increased 6.2% in Q2
• Strong revenue growth of 6.2% in Q2 and 4.8% in first half on a like-for-like basis • Recurring EBITDA up 1.5% for Q2, -1.4% for first half on a like-for-like basis • Full year 2018 targets confirmed • On track to deliver Strategy 2022 – “Building for Growth” Read …
SOCAR AQS and KCA Deutag Announce Historic Caspian Joint Venture
SOCAR AQS and KCA Deutag today announce that they have reached an agreement to form a joint venture that will target existing and future opportunities in the offshore and onshore Caspian drilling and engineering market. The joint venture, which will be jointly owned and managed, will be called Turan Drilling …
Halliburton Acquires Athlon Solutions
Chemicals manufacturing and water & process treatment business add key capabilities to accelerate Multi-Chem business line growth Halliburton Company today announced the acquisition of Athlon Solutions, LLC, a leading provider of specialty water and process treatment chemicals, customized engineering solutions, and services. Athlon will become part of the Halliburton Multi-Chem …
Halliburton Introduces MicroScout® Plus Service
Microparticles allow deeper reservoir penetration and stimulation of previously inaccessible resources Halliburton Company today introduced MicroScout® Plus Service, an offering designed to take hydraulic fracturing, and microfracture stimulation, to the next level by reaching and effectively stimulating secondary microfractures too small to be propped using conventional frac sand. The enhanced …
Emerson’s Interactive Reservoir Modeling Software Updated to Enable Better Decision-making in Less Time
Roxar RMS 11 includes new facies modeling tools for channelized reservoirs, an improved user experience for oil and gas operators and new plug-in framework for future web and cloud-based collaboration Emerson has launched RoxarTM RMS 11, the latest version of its reservoir characterization software. The software includes a powerful set of tools for developing smarter …
Multi-Arm Caliper Tools: A Brief Introduction to MAC
Multi-arm or multi-finger caliper logs have been used for decades to create a detailed quantitative profile of the inside of a completion, enabling operators to identify a wide range of integrity problems through the life of the well, such as mineral deposition, corrosion, wear, or mechanical deformation. Our MAC™ multi-arm caliper …
Schlumberger Announces Second-Quarter 2018 Results
Revenue of $8.3 billion increased 6% sequentially Pretax operating income of $1.1 billion increased 12% sequentially Second-quarter GAAP EPS, including charges of $0.12 per share, was $0.31 Second-quarter EPS, excluding charges, was $0.43 Cash flow from operations was $987 million PARIS, July 20, 2018—Schlumberger Limited (NYSE: SLB) today reported results …
Weatherford Sells 50 Percent of Sunita Hydrocolloids Inc. Joint Venture
A subsidiary of Weatherford International plc today announced it has sold all of its ownership interest in Sunita Hydrocolloids Pvt Ltd. SHPL is a joint venture formed by Weatherford and its joint venture partners in 2007 and is a leading manufacturer and supplier of natural and chemically modified guar gum used as …
Baker Hughes, a GE Company Announces Second Quarter 2018 Results
Orders of $6.0 billion for the quarter, up 15% sequentially and up 9% year-over-year on a combined business basis* Revenue of $5.5 billion for the quarter, up 3% sequentially and up 2% year-over-year on a combined business basis GAAP operating income of $78 million for the quarter, increased $119 million sequentially and increased $223 million year-over-year on a combined business …