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 …
ABB: Digitalization Helps Companies Thrive in ‘New Normal’ of Low Oil Prices
ABB shows how digitalization can transform oil, gas and chemical operations, bringing greater profitability in tough times. ABB today releases a white paper detailing how existing market dynamics and challenges are forcing a massive change in the oil, gas and chemical (OGC) industries’ approach to technology. Quoting from a range …
DOJ: Requests More Info On GE Buyout of Baker Hughes
General Electric Company and Baker Hughes Incorporated today announced that the companies have each received a request for additional information (“second request”) from the United States Department of Justice (“DOJ”) in connection with the pending combination of GE’s oil and gas business with Baker Hughes. The second requests were issued …
Weatherford: Mark McCollum Appointed as President, CEO and Director
Weatherford International plc announced today that after a full and diligent search process, the Board has appointed Mr. Mark McCollum as President and Chief Executive Officer, as well as a member of the Board of Directors, with an effective start date in late April 2017. Mr. McCollum is a proven …
Hardbanding Solutions Eurasia Launches and Opens New Office in Moscow
Hardbanding Solutions Europe, who provide Duraband NC to the Russian and CIS Drilling Industries, are delighted to announce that they have opened a new office and distribution centre in Moscow, Hardbanding Solutions Eurasia LLC. In response to the increased demand for Duraband and the new range of ’Skye’ hardbanding equipment, and …
Forum: Seals Mojave ROV deal with ESEA Submarine AS
Forum Energy Technologies, Inc. has delivered a Remotely Operated Vehicle (ROV) to ESEA Submarine AS to perform a variety of offshore roles, including inspection, survey and salvage work. The powerful and compact Sub-Atlantic™ Mojave will also be used by ESEA Submarine’s sister company, ESEA Marine AS, which has customers that …
KCA Deutag Secures Platform Drilling Contract with Sakhalin Energy Investment Company Ltd
Leading global drilling and engineering contractor, KCA Deutag, today announces that it has been awarded a contract extension by Sakhalin Energy Investment Company Ltd. (Sakhalin Energy) for platform drilling services on its three platforms offshore Sakhalin Island in Russia. The four year contract extension is effective from 1 June 2017 …