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 …
Fugro: 2015 Results – Strong cash flow and debt reduction
Highlights full year EUR 314.7 million cash flow from operating activities after investments driven by improved EBIT margin, curtailed investments, lower working capital, sale of multi-client data library, and sale and lease back of a vessel. EBIT margin (before exceptional items) increased from 3.2% to 4.8% due to strong improvement …
SPX Flow: Free Awareness Seminars on Hydraulic Safety Helps Keep Workers Safe
As a leading supplier of 700 pressure bar hydraulic tools and equipment, SPX FLOW‘s Hydraulic Technologies takes safety very seriously – so it is offering free awareness seminars on hydraulic safety, to companies within the Caspian Region and around the rest of the world. Held on the premises of the …
Exterran: 2015 Results – Debt Down in Challenging Conditions
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 for …
Archrock: 2015 Results – Strong Operating Margins, EBITDA Up
Archrock, Inc. today reported EBITDA, as adjusted (as defined below), of $86.0 million for the fourth quarter 2015, as compared to $90.7 million for the third quarter 2015 and $92.4 million for the fourth quarter 2014. Full-year 2015 EBITDA, as adjusted, of $373.2 million, up from $330.1 million in 2014 …
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 …