Service Companies & Manufactures

National Oilwell Varco, Inc. (NYSE:NOV) announced today that its Board of Directors has approved a plan to reduce the Company’s quarterly dividend to $0.05 per share in response to market conditions which continued to deteriorate through the first quarter of 2016. Clay Williams, Chairman, President and CEO, commented, “We believe …

Halliburton Company and Baker Hughes Incorporated today announced that the companies intend to vigorously contest the U.S. Department of Justice’s (DOJ) effort to block their pending merger. The companies believe that the DOJ has reached the wrong conclusion in its assessment of the transaction and that its action is counterproductive, …

National Oilwell Varco, Inc. announced today that Jim Hackett has been appointed to the company’s board of directors effective April 5, 2016. Clay C. Williams, Chairman, President and CEO of National Oilwell Varco, stated, “It is with great pleasure that I welcome Jim Hackett to our board of directors. Jim’s …

Kvaerner’s executive vice president & CFO, Eiliv Gjesdal, has decided to seek new challenges outside Kvaerner, and will step down from the role as CFO as of 6 April 2016. He will work with special tasks until his notice period ends 30 June 2016. “Eiliv Gjesdal started as CFO in …

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 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 …

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, …

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 …

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 …

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, …