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 …
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 …