Lloyd’s Register Energy’s Drilling Training Academy and The Well Academy Combine to Deliver IEnhanced Renewal Training Course
Affordable, advanced level 4 drilling well control training course now available thanks to a new collaboration to make operations safer. The Well Academy and Lloyd’s Register Energy’s Drilling Training Academy have successfully launched their first combined training program; a new IWCF certified enhanced drilling well control training course. The enhanced …
AGR: Signs Collaberation Agreement with Petec Ltd to Service the CIS Market
Global service and software company AGR has taken a strategic step forward by securing a collaboration agreement with Petec Ltd to deliver its expert software technologies in the Commonwealth of Independent States (CIS). Headquartered in Oslo, AGR already provides well construction and operational project management, reservoir and full-scale engineering consultancy …
GE: Moves to Innovative Rental Model to Reduce Offshore Drilling and BOP Costs
General Electric Co. is expanding its focus on offshore drilling rig safety with a new business that will take over handling of massive underwater equipment designed to prevent well blowouts and oil spills. Diamond Offshore Drilling Inc. has agreed to sell back its blowout preventers to GE, which will then …
Halliburton: Response to European Commission’s Suspension of Formal Review Period
The European Commission has requested additional information as part of its ongoing review process, and Halliburton and Baker Hughes intend to provide the additional information as expeditiously as possible. Requests for additional information are part of the usual post-filing process. The suspension of the formal review period is standard procedure …
Aker Solutions and Total: Collaborate on Cost Effective Subsea Field Technologies
Aker Solutions and Total agreed to collaborate on research and innovation to develop new cost-effective subsea field technology. The initial four-year technical collaboration agreement will build on earlier cooperation and bring both companies closer in developing technologies that will reduce costs and increase value at subsea oil and gas fields. …
Fugro: Brice Bouffard Elected to the Board
Brice Bouffard (45) most recently worked at Weatherford, a large US based multinational oilfield services company, where he held positions first as Global Vice President Petroleum Consulting and later as Global Vice President Wireline and Testing, a large business with activities in more than 50 countries. Prior to Weatherford, he …
PGS: 2015 Results
PGS Highlights 2015 Revenues of $961.9 million, compared to $1,453.8 million in 2014 EBITDA of $484.5 million, compared to $702.6 million in 2014 EBITDA margin of 50% in 2015, compared to 48% in 2014, enabled by substantial cost reductions of $318.5 million EBIT, excluding impairments and other charges, of $15.8 …
Hradil Offshore Control Cables Fully Compliant with IEC standard 60079-14
The new Hradil HB44® offshore control cables for use in explosive areas can effectively prevent zone entrainment within the cable. Hradil Spezialkabel offers the new HB44® offshore control cables in a wide range of configurations from 3 x 1.5 mm2 to 36 x 1.5 mm2. Customized configurations such as 2 …
Weatherford Reports Fourth Quarter and 2015 Annual Results
Weatherford International plc (NYSE: WFT) reported a net loss before charges of $102 million ($0.13 net loss per share before charges) on revenues of $2.01 billion for the fourth quarter of 2015. GAAP net loss for the fourth quarter of 2015 was $1.21 billion, or a net loss of $1.54 per share. Full year revenue was down $5.5 billion and operating …
Wacker Neuson Group Expands its Executive Board
As of April 1, 2016, Jan Willem Jongert (51) will join the Executive Board of Wacker Neuson SE. In his new role as Chief Sales Officer (CSO), Mr. Jongert will be responsible for the global sales, service, logistics and marketing activities of the Wacker Neuson Group. New delineation of responsibilities …