RLG International: Announces Formation Of Executive Advisory Council
The senior executive of RLG International is pleased to announce the formation of an Executive Advisory Council. Made up of senior executives from upstream and downstream oil and gas, aerospace manufacturing and airlines, this council will serve to advise RLG on product and service to these industries. “We are excited …
ABB Unveils Model to Transform Big Data into Actionable Insights
New approach resolves problems quicker and increases productivity by improving the interaction between people, information, and operations – first installations show up to 55 percent maintenance reduction and 30 percent reduction in operational expenditures. ABB introduces a new model for its process industries customers to increase productivity and profitability by …
Wacker Neuson Optimistic for 2017
The international light and compact equipment manufacturer headquartered in Munich managed to keep fiscal 2016 revenue stable despite challenging market conditions. Profitability, however, was impacted by crises in key markets and regions. The company is positive about 2017 and expects revenue and earnings to grow again. At EUR 1.36 billion, …
ABB: Ability AssetInsight Enables Cost-Effective Predictive Maintenance
ABB AbilityTM AssetInsight gathers siloed data collected from equipment, transforming it into valuable information that can be acted upon and shared across the organization. The new ABB AbilityTM AssetInsight gives oil, gas and chemicals decision makers a clearer, real-time picture of the health of their operating equipment via a web …
TMK: Ships New TMK UP EXD Tool Joint Connections To Samotlorneftepromkhim
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, has shipped the first batch of drill pipe with TMK UP EXD second-gen double-shoulder premium tool joint connections. The pipe batch was shipped to Samotlorneftepromkhim. TMK UP EXD tool joint connection offers a number …
Halliburton: Looking to Buy Aker Solutions? No Change in Ownership says Aker ASA
Norwegian investment firm Aker ASA does not plan to announce any news regarding its holdings in engineering firm Aker Solutions, where it is the top owner, an Aker spokesman said on Tuesday. After rumours Halliburton was looking to purchase the company. Financial daily Finansavisen late on Monday reported that U.S. …
ABB: Next Gen Intelligent Projects Execution Set To Shorten Delivery Time and Lower Cost
Intelligent Projects – A series of hardware, software and process enhancements combine to shorten project schedules, cut costs and minimize risk when executing large scale oil, gas or chemical installations. The next generation project execution model launched by ABB cuts the design, engineering, installation and commissioning time of typical large, …
Baker Hughes: Launches TerrAdapt Adaptive Drill Bit
Baker Hughes announced today the commercial release of its TerrAdapt™ adaptive drill bit, which can deliver dramatic improvements in drilling economics by using automation to mitigate downhole dysfunctions that cause inefficient drilling and costly tool failures. With the industry’s first self-adjusting depth-of-cut (DOC) control elements, the TerrAdapt bit automatically changes …
Wood Group: Agree on All Share Offer for Amec Foster Wheeler
The boards of Amec Foster Wheeler and Wood Group are pleased to announce that they have reached agreement on the terms of a recommended all-share offer by Wood Group to acquire the entire issued and to be issued share capital of Amec Foster Wheeler (the “Combination” to form the “Combined …
TMK Announces 4Q and FY 2016 IFRS Results
PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, today announces its audited consolidated IFRS financial results for the year ended December 31, 2016. 4Q and FY 2016 Highlights Financial 4Q Revenue up 10% q-o-q at $902m, FY Revenue at …