Trican Well Service Reaches Agreement for Sale of Its United States Pressure Pumping Business and Amended Covenant Package With Its Lenders
Trican Well Service Ltd. (“Trican” or “the Corporation”) (TSX:TCW) is pleased to announce that it has entered into a definitive agreement with Keane Group, a privately-held, U.S. based well completion services company (“Keane”) for the sale of Trican’s United States pressure pumping business. The transaction involves the sale of the pressure …
Polarcus Announces Further Cost Reductions and Organizational Changes
Polarcus further improves its cost position with the announcement of additional headcount reductions and changes to the executive management team. The expanded cost reductions are part of a longer term plan which will continue to improve competitiveness while maintaining exceptional operational performance and sustaining positive operational cash flow. The plan …
TMK Announces 4Q 2015 and FY 2015 Operational Results
In 2015, TMK shipped a total of 3,873 thousand tonnes of steel pipe, down 11.5% y-o-y. The decline was due to a significant drop in shipments in the American division, driven by a slowdown in drilling across the United States. In 4Q 2015, shipments were down 4.0% q-o-q to 938 thousand tonnes. In 2015, seamless pipe shipments fell by …
Polarcus: Setting World Records – Largest Made Made Towing Object on Earth!
Polarcus is currently acquiring an ultra-wide 3D marine seismic project offshore Myanmar. Polarcus Amani is towing an in-sea configuration that measures 1.8km wide across the front ends. With each of the ten streamers separated by 200m, the total area covered by the spread is 17.6 sq.km. This is the largest …
Petroleum Geo-Services ASA : Resilient MultiClient Performance – Q4 Non-cash Charges
Petroleum Geo-Services ASA (“PGS” or “the Company”) expects to report a full year 2015 EBITDA of approximately $485 million. For Q4 2015, the Company expects to report consolidated revenues of approximately $230 million and an EBITDA close to $120 million, excluding the charges and provisions described below. The Company achieved …
Trican Well Services: In Talks to Sell US Pressure Pumping Business to the Keane Group
Trican Well Service Ltd. announces that it is in negotiations with Keane Group, a privately-held, U.S. based well completion services company (the “Purchaser”) for the sale of Trican’s United States pressure pumping business. Although talks are progressing, significant terms and conditions are still under negotiation. Accordingly, there can be no …
Halliburton and Baker Hughes: Response to EU’s Phase II Review of the Acquisition
Halliburton Company and Baker Hughes Incorporated today noted the decision by the European Commission to initiate a Phase II review of Halliburton’s pending acquisition of Baker Hughes. This decision is a normal step in the Commission’s review process, and the views expressed by the Commission at this stage are preliminary …
Serimax and Technip Enter into Pipeline Welding Strategic Partnership
Serimax, a Vallourec subsidiary, a world leader in offshore & onshore welding solutions, and Technip, a world leader in project management, engineering and construction for the energy industry, signed today an agreement in principle in order to achieve a strategic partnership in the domain of pipeline welding. In this respect, …
CGG: Launches New Website
We are excited to announce the new CGG website. The site now focuses on the landscape our clients work in and the challenges they face. Visit CGG.com often. Use it as your source for industry articles , technical abstracts and much more. Discover more about GeoSoftware CGG GeoSoftware’s full portfolio …
Fugro: Concludes Sale and Lease Back of Two Vessels with ICON Investments
Fugro has entered into a sale and lease back agreement regarding its geotechnical vessels Fugro Scout and Fugro Voyager. The agreement has been established with ICON Investments for an initial lease term of 5 years. The lease back agreement allows for extension options, at the discretion of ICON, for a …