Schlumberger and Cameron: Complete Merger for $14.4bn and 10% in Stock
Schlumberger Limited announced today that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. Schlumberger has issued approximately 138 million shares pursuant to the …
Aker Solutions to Provide Global Subsea Engineering Services to BP
Aker Solutions secured a global framework agreement to deliver engineering and project management services at BP-operated subsea oil and gas fields. The contract has a fixed period of five years and may be extended by two years. It covers subsea engineering services, asset integrity management and operations support. “We are …
Emerson: Launches Roxar Tempest™ 7.2 For Improved Field Decision Making
Roxar Tempest™ 7.2 provides users with advanced uncertainty analysis and crucial decision support for field development Emerson Process Management has launched Roxar Tempest™ 7.2, the latest version of its integrated reservoir engineering software suite that can be applied in a wide variety of scenarios such as field appraisal, field optimization, …
Schlumberger: Launches ACTive Q A Real-Time Downhole CT Flow Measurement Service
ACTive Q service delivers fluid velocity measurements to expand coiled tubing downhole monitoring capabilities Schlumberger today introduced the ACTive Q* CT real-time downhole flow measurement service, which delivers real-time injection diagnostics and treatment evaluation in just one run in a well. “Fluid injection monitoring and placement often requires customers to …
NOV Clay Williams: Primed But Patient to Pull Acquisition Trigger
After slowing down its M&A machine considerably over the past two years, National Oilwell Varco Inc. is looking at acquisitions in the billion-dollar range reported Bloomberg. – Co. has $2.1 billion cash, $3.6 billion undrawn on revolver – Need to be patient, make sure getting good value: Williams The largest …
DuPont Protection Solutions: Launches Tyvek® 800 J – New Protective Garment Offers Enhanced Performance and Unique, Liquid-tight Design
Tyvek® 800 J is a limited-use chemical protective coverall that offers a combination of durability and lightweight comfort in environments that require chemical, liquid and/or oil protection. Tyvek® 800 J is designed for use in industrial cleaning applications, including pressure washing and tank cleaning, food processing, petrochemical installations, environmental remediation, …
NOV: Launches RIGSENTRY – A New Monitoring Service for Predicting Operational Failures in Subsea BOPs
National Oilwell Varco, Inc. announced today that it has developed and validated the first end-to-end predictive solution that can foresee operational failures in subsea blowout preventer (BOP) components. RIGSENTRY™ now offers a remote condition monitoring service that provides live predictive analytics of subsea BOPs. This predictive feature is the result …
Petroleum Geo-Services ASA : Enhances the Ramform Titan-class Acquisition Platform
The third of four Ramform Titan-class vessels, the Ramform Tethys, was celebrated in a naming ceremony at the Mitsubishi Heavy Industries Shipbuilding Co. yard in Nagasaki, Japan today. PGS’ two first Ramform Titan-class vessels, the Ramform Titan and the Ramform Atlas were delivered in 2013 and 2014 and have delivered …
DNV GL: Moderate Investment in Big Data Despite Potentinal with Oil and Gaz
INDUSTRY CAUGHT IN BIG DATA CATCH 22, SAYS DNV GL– Only one in five oil and gas companies see themselves as highly digitalized today. However, close to half of senior oil & gas professionals1 (45%) already see solid or high potential for big data and analytics to transform the operating …
NOV Kostroma: Launches Production
On the 9th of March NOV Kostroma opened their brand new manufacturing and production facility in Volgorechensk City in the Kostroma Region. NOV have spent heavily investing in the new site, spending $115m USD to bring the centre on stream. Operating with a team of 200 personnel. The site is …