Trican Well Service: Closes Sale of Pressure Pumping to the Keane Group
Trican Well Service Ltd. (“Trican” or “the Corporation”) (TSX:TCW) is pleased to announce that it will close the sale of its United States pressure pumping business today to Keane Group, a privately-held U.S.-based well completion services company (“Keane”). The closing process has been initiated and will be finalized today. As …
Wacker Neuson: 2015 Results – A Year of Revenue Growth
The Munich-based international light and compact construction equipment manufacturer again reported growth in revenue for fiscal 2015, despite difficult market conditions. The company’s profit levels, however, were affected by crises in key industries and regions. The company has issued a cautious revenue and earnings forecast for 2016. Revenue for 2015 …
TGS: Appoints Kristian Johansen as CEO
The Board of TGS has today announced that Kristian Johansen will succeed Robert Hobbs as Chief Executive Officer on March 11, 2016. After eight years with TGS, including nearly seven years as CEO, Mr. Hobbs has decided to retire. Kristian Johansen joined TGS in 2010 as Chief Financial Officer and …
North Atlantic Drilling: Strengthens Board – Bote de Vries and Hunter Cochrane Appointed as Directors
North Atlantic Drilling Limited (“the Company”) announces today that Bote de Vries and Hunter Cochrane have been appointed as Directors of the Company. Mr. de Vries has extensive legal, asset advisory and financial services experience, specifically in the shipping and maritime sectors. He is a board member of Artilium Plc, …
Lloyd’s Register Energy Launches New Land Rig Critical Equipment Survey
The new equipment survey provides a cost effective solution for assessing the integrity of land rigs. It helps operators and rig contractors limit downtime, as well as improve the reliability, safety and environmental impact of drilling programs. It also reduces inspection costs by up to 50%. Launched today, the new …
Calfrac: Michael Olinek Appointed CFO, Further Head Count Reductions in North America
Calfrac Well Services Ltd. announced today that in connection with the previously announced retirement of Michael J. (Mick) McNulty, Michael Olinek will assume the role of Interim Chief Financial Officer of Calfrac effective March 4, 2016. Mr. Olinek joined Calfrac as Corporate Controller in August of 2006, and has served …
Smith Bits: Launches AxeBlade Ridged Diamond Element Bit
AxeBlade – A drill bit with unique ridge-shaped cutting elements reduces drilling costs by improving Smith Bits, a Schlumberger company, announced today the release of the AxeBlade* ridged diamond element bit, which incorporates new-geometry Axe* ridged diamond elements across the bit face. AxeBlade bits improve rate of penetration (ROP) in …
International Society of Automation: Mo Loch Appointed Regional Director for the Middle East
Mo Loch has organised the ISA Europe, Middle East, Africa Conference and Exhibitions since 2012. Those successful event in Qatar, Saudi Arabia and UAE have increased membership of ISA Sections and increased awareness of the importance of the Automation profession. Mo Loch will also work to expand the adoption of …
NOV: To Pay $0.46 per Share of Common Stock in Quarterly Dividend
National Oilwell Varco, Inc. (NYSE: NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on March 25, 2016 to each stockholder of record on March 11, 2016. National Oilwell Varco is a worldwide leader in the design, …
Exterran: Q4 2015 Results
Exterran Corporation (NYSE: EXTN) today reported revenue of $418.1 million for the fourth quarter 2015, compared to $437.2 million for the third quarter 2015 and $611.2 million for the fourth quarter 2014. EBITDA, as adjusted (as defined below), was $51.3 million for the fourth quarter 2015, compared to $61.8 million …