Kvaerner: Jan Arve Haugan Steps Down to become CEO of Aker Energy
Jan Arve Haugan resigns as President & CEO of Kvaerner, and from 1 March 2018, he will start his new role as CEO of the newly established oil company Aker Energy. Idar Eikrem, Executive Vice President and Chief Financial Officer in Kvaerner, is appointed interim CEO. Haugan has been President & …
Forum Energy Technologies: Announces CFO Succession James Harris to Head Up Drilling and Subsea Segment
Forum Energy Technologies, Inc. announced today that as part of its continued succession planning process, the company has appointed Pablo G. Mercado to serve as Senior Vice President and Chief Financial Officer effective March 1, 2018. James W. Harris, the current Chief Financial Officer, has been leading the Drilling and …
Xodus Group Welcomes Subsea 7 as a New Shareholder
Xodus Group, the engineering and advisory consultancy is welcoming Subsea 7 as a new shareholder. Subsea 7, which will add value through its subsea expertise and experience, has agreed to acquire a 60% interest and existing shareholder, Chiyoda Corporation of Japan, will retain a 40% percent interest. With support from …
Weatherford: Launches New ForeSite Production Optimization Platform Release
Weatherford International plc today announced a new software release for its ForeSite production optimization platform, which combines physics-based models with advanced machine-learning data analytics to improve performance across conventional and unconventional oil and gas assets. The new release builds on the platform’s existing capabilities, which include optimization support for reciprocating …
New Heat-Treatment Facility Launched at TMK-ARTROM, Romania
TMK, the world’s biggest producer of steel pipes, commissioned a new integrated heat treatment line for seamless pipes at TMK-ARTROM, Romania. Covering over 12,000 sq m, the facility’s treatment capacity stands at 165,000 tonnes of pipes per annum. The facility includes the main line at Shop 1-ASSEL as well as a water treatment station and a power substation …
SmartSolo® Experience Centre Opens in Beijing, China
DTCC opens its SmartSolo® Experience Center (for hands-on demonstrations) in Beijing today, just before the start of the two-week Chinese New Year holiday. Located inside DTCC’s office in the southern part of the city of Beijing, this Experience Center has over 300 channels of SmartSolo IGU-16, together with 2 complete sets …
TMK-Kaztrubprom: Listed as a Samruk-Kazyna Fund Qualified Supplier
The TMK subsidiary TMK-Kaztrubprom has become one of the first companies in its line of business to become a potential supplier in accordance with the Sovereign Wealth Fund Samruk-Kazyna Procurement management standard after successful completion of the prequalification procedure. As per the effective rules, prequalification is mandatory for all companies …
Agility is First Forwarder to Work with Maersk, IBM on Blockchain Solution
Agility, a leading global logistics provider, is the first freight forwarder to collaborate on a Maersk-IBM solution to provide more efficient and secure methods for conducting global trade by using blockchain technology to manage and track container shipments. Agility has agreed to identify events associated with individual shipments and to …
Bentec Awarded New Contract by Polskie Górnictwo Naftowe i Gazownictwo in Poland
German headquartered manufacturer of drilling rigs and oilfield equipment, Bentec, which is a subsidiary of KCA Deutag, today announces that it has signed a new contract with Polskie Górnictwo Naftowe i Gazownictwo (PGNiG, Polish Oil and Gas Company) to supply a new build 2,000 HP drilling rig, with a hook load capacity …
National Oilwell Varco Reports Fourth Quarter and Full Year 2017 Results
National Oilwell Varco, Inc. (NYSE: NOV) today reported a fourth quarter 2017 net loss of $14 million, or $0.04 per share. Revenues for the fourth quarter were $1.97 billion, an increase of seven percent compared to the third quarter and an increase of 16 percent from the fourth quarter of 2016. Operating loss for the …