Service Companies & Manufactures

Weatherford International plc (NYSE: WFT) announced a Memorandum of Understanding (MOU) with Valiant Artificial Lift Solutions to jointly commercialize, market and service electrical submersible pumps (ESPs). The MOU will accelerate commercialization of the Weatherford ESP, powered by Valiant. Optimized for a wide range of flow applications, the pumps are designed …

Like-for-like Net Sales were up 3.1 percent to CHF 5,830 million driven by growth in cement volumes in Q1. Recurring EBITDA was down by 7.7 percent on a like-for-like basis, affected by the especially harsh winter in North America and Europe. Broadly, the underlying market trends seen at the end …

The RAS™, Reservoir Analysis Sonde, Probe’s three-detector pulsed-neutron logging tool was announced during this year’s Offshore Technology Conference. The tool uses sigma and carbon-oxygen (C/O) techniques to measure reservoir fluid saturation of oil, water and gas. The ability to accurately and reliably monitor reservoir conditions is an ongoing challenge for …

Fairmount Santro, a leading provider of high-performance sand and sand-based product solutions, and Unimin Corporation, a wholly owned subsidiary of SCR-Sibelco NV, today announced that the registration statement on Form S-4 (the “Registration Statement”) filed with the Securities and Exchange Commission  was declared effective by the SEC on April 26, …

Fairmount Santrol, a leading provider of high-performance sand and sand-based product solutions and Unimin Corporation, a wholly owned subsidiary of SCR-Sibelco NV, today announced the future executive leadership team of the combined company, to serve effective upon completion of the previously disclosed proposed transaction (the “merger”) between Unimin and Fairmount Santrol. As …

The recommended practice(RP) DNVGL-RP-E104 Wellhead fatigue analysis has now been published. This publication is the result of a phase 2 Joint Industry Project (JIP) involving 16 oil companies and supersedes the April 2015 edition of DNVGL-RP-0142. The content of the updated RP provides specific recommendations on how to perform wellhead fatigue analysis …

Halliburton today introduced InnerVue TM Non-Intrusive Pipeline and Wellbore Diagnostics, a technology that quickly and accurately detects blockages or leaks and profiles deposits in pipelines and wellbores. Without the need for intrusive intervention, InnerVue diagnostics interprets pressure waves reflecting from internal features of the pipeline or wellbore and extrapolates the …

Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported first quarter 2018 operating revenue of $734 million, compared to operating revenue of $708 million in the prior quarter. Net income from continuing operations attributable to Nabors for the quarter was a loss of $144 million, or $0.46 per …

Weatherford International plc today announced the commercial release of the http://www.weatherford.com/raptor2.0 Magnus rotary steerable system, which combines reliable, high-performance drilling with precise directional control. The push-the-bit tool is designed for deployment in nearly any drilling scenario, including high doglegs. -Rugged, Push-the-Bit Design Delivers Cost-Effective Wellbores Experience the interactive Multichannel News …

PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2018 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated)   1Q 2018  1Q 2017  Oil and gas sales …