Shawcor: Purchases Tubular Inspection and Management and Global Poly of Flint Field Services
SHAWCOR LTD. announced today that it has completed the acquisition of the assets of the Tubular Inspection and Management (“TIM”) and Global Poly businesses operated by Flint Field Services Ltd. for C$35.5 million, subject to working capital adjustments. The TIM and Global Poly businesses operate from five owned and five …
DNV GL: Calls for Technologies to Reduce the Costs of Barents Sea Developments
OG21 today received the DNV GL study of technologies that should be developed for year-round oil and gas production at 74 degrees North in the Norwegian Barents Sea. New licenses are due to be awarded in this area as part of the Norwegian 23rd licensing round. The report concludes that …
Eurasia Drilling: Merger to be Completed on the 18th of November as GDR’s and Shareholders Receive Payments
Eurasia Drilling Company Limited hereby announces that on 16 November 2015, the Cayman Islands Registrar of Companies registered the plan of merger in respect of the merger between the Company and EDC Acquisition Company Limited, a company formed by one of the significant shareholders of the Company solely for the …
Schlumberger: Acquires Fluid Inclusion Technologies, Inc.
Expands rock and fluids services portfolio and adds geochemical logging capability Schlumberger today announced the acquisition of Fluid Inclusion Technologies, Inc. (FIT), a US-based oil and gas service company specializing in laboratory analysis of trapped fluids in rock material, and advanced borehole gas analysis on drilling wells. “FIT offers innovative …
TGS: To Lay Off 130 Staff and Reduce the Cost of Some of their Multi Client Surveys
In order to further improve organizational efficiency and competitiveness TGS is implementing global cost reduction and efficiency plan. Furthermore, the value of selected MC surveys will be written down to reflect more cautious market assumptions. As advised in the 3Q report, TGS has in view of the weak market conditions …
Weatherford Awarded Best International Oilfield Services Company at ADIPEC
Weatherford International plc (NYSE: WFT) was awarded Best Oilfield Services Company (International), at the Excellence in Energy Awards Ceremony during the 2015 Abu Dhabi International Petroleum Exhibition and Conference (“ADIPEC”). One of three finalists, including Schlumberger and Halliburton, Weatherford was ultimately recognized as the best for exceptional service to the …
Eurasia Drilling Company: EGM – 89.3% of Shareholders Vote In Favour of the Management Buyout
Eurasia Drilling Company Limited (the “Company”) announced that it had agreed with certain members of the Company’s management team and certain significant shareholders (the “Participants”) the terms of a merger (the “Merger”) between the Company and EDC Acquisition Company Limited (“EACL”), a company formed by one of the Participants solely …
Halliburton: Mark McCollum, Chief Integration Officer, Talks About the Baker Hughes Merger
Hello. I’m Mark McCollum, chief integration officer at Halliburton. I’d like to take just a moment to brief you on the progress of the pending Baker Hughes acquisition. Our Joint Integration Team is hard at work planning for a seamless integration of our two companies. Teams that include members from …
Weatherford Awarded Best International Oilfield Services Company at ADIPEC
Excellence in Energy Awards Recognizes Exceptional Service to the Oil and Gas Industry Weatherford International plc was awarded Best Oilfield Services Company (International), at the Excellence in Energy Awards Ceremony during the 2015 Abu Dhabi International Petroleum Exhibition and Conference (“ADIPEC”). One of three finalists, including Schlumberger and Halliburton, Weatherford …
TMK GIPI: Wins the Prestigious Muscat Sohar Pipeline Project Contract
In what can be described as another feather in their cap, Omani based TMK GIPI has been awarded for the supply of steel pipes with three layer polyethylene external and liquid epoxy internal coating for Muscat Sohar Pipeline Project (MSPP). A first-of-its-kind in the Sultanate in partnership with Orpic, the …