CGG Geosoftware: Why pay more for less productivity?
Right-size your petrophysical software solution It has been an unpredictable and interesting year for the oil and gas industry. The price of oil continues to fluctuate, available resources are down, and the demands of our jobs are ever increasing. Now, more than ever, we’re all searching for the right-sized solution …
Exterran Corporation: Appoints James Gouin To The Board
Exterran Corporation (NYSE: EXTN) today announced that James Gouin has been appointed to its board of directors. Gouin is Chief Financial Officer and President of Tower China Operations for Tower International, a global manufacturer of engineered structural metal components and assemblies for the automotive industry. “We are pleased to welcome …
Archrock: Appoints Wendell Brooks to the Board
Archrock, Inc. (NYSE: AROC) today announced that Wendell R. Brooks has been appointed to its board of directors. Brooks is the former President of Production & Infrastructure and Executive Vice President at Forum Energy Technologies, Inc., a global oilfield products company serving the subsea, drilling, completion, production and infrastructure sectors …
Kvaerner: Q3 Results – Figures Up 36% qoq
Kvaerner’s financial result (adjusted EBITDA) for the third quarter grew to NOK 148 million. This is an increase of 36 percent from the previous quarter when the result was NOK 109 million. With the last new contract for a third substructure for the Johan Sverdrup platforms signed in October, the …
Aker Solutions: Q3 Results – Order Back Log at 40.7bn NOK
Financial Highlights – Sales NOK 7.5 billion in 3Q 2015 vs NOK 8.3 billion in 3Q 2014 – Earnings before interest, taxes, depreciation and amortization (EBITDA) NOK 521 million vs NOK 615 million a year earlier – EBITDA margin 7% vs 7.4% a year earlier – EBITDA margin ex. special …
Archrock: Completes Exterran Spin Off
Archrock, Inc. (NYSE:AROC) today announced the completion of the previously announced spin-off of the international services and global fabrication businesses of Exterran Holdings, Inc. into a new, publicly traded company, Exterran Corporation, through the distribution of all the shares of Exterran Corporation common stock to the holders of Exterran Holdings …
Intervale Capital: Appoints Jason Arnoldy and Patrick Conroy as Vice Presidents
Intervale Capital (“Intervale“), an energy-focused private equity firm, is pleased to announce the additions of Jason Arnoldy and Patrick Conroy as Vice Presidents. Jason Turowsky, Partner at Intervale, commented, “We are very fortunate to be able to add Jason and Patrick to the Intervale team. Prior to their joining Intervale, …
DNV GL: Launches BOP Decision Support Retrieval Support Tool
Retrieving an unreliable blowout preventer (BOP) is a necessary but expensive operation, costing upwards of one or two million dollars and easily the double in developing ultra-deepwater regions. It is also the main cause of downtime during drilling activity. DNV GL is introducing the BOP▪RDT, a real-time, risk-informed BOP retrieval …
Polarcus: Third quarter 2015 Report – Performing in a Weak Market
Polarcus Limited announces the release of its third quarter 2015 financial statements. Highlights in the third quarter 2015: – Revenues of USD 132.2 million, up 44% from Q2 2015 – EBITDA of USD 69.6 million, up 81% from Q2 2015 with increased margin to 53%, up from 42% – Cash …
DuPont: Zytel® LCPA Helps Reduce VOCs With Oil and Gas Storage Cover
From the sky, Greatario Covers Inc.’s new oil and gas tank covers look just like any tank cover. In reality, the Crude Oil Vapour Emission Reduction System (COVERS) is a series of hexagonal shapes with symmetric ribs on both sides that allow the floating structures to form an interconnecting blanket …