Weatherford: Q3 Results – Revenues Down 29% yoy, Operating Income Increased 3% Sequentially
Weatherford International plc (NYSE: WFT) reported a net loss before charges of $42 million ($0.05 net loss per share non-GAAP) on revenues of $2.24 billion for the third quarter of 2015. GAAP net loss for the third quarter of 2015 was $170 million, or a net loss of $0.22 per …
Baker Hughes: Q3 Results – Revenue Down 39% yoy, Increased Demand for Production Systems
– Revenue of $3.8 billion for the quarter, down 5% sequentially and 39% year-over-year – Adjusted operating profit margin increased 140 bps sequentially – Free cash flow for the quarter of $348 million – GAAP net loss per share of $0.36 for the quarter, includes $0.31 per share of restructuring …
Energy Recovery Inc: Schlumberger Signs 15 Year Deal for Hydraulic Pumping System
Energy Recovery, Inc., the leader in pressure energy technology for industrial fluid flows, today announced a 15-year deal with Schlumberger Technology Corporation, the world’s leading supplier of geoscience, engineering, drilling, and data management software products and computing services for the exploration and production industry. The agreement provides exclusive rights to …
Sercel: QuietSea Continues to Gain Momentum
Sercel announced today that its revolutionary new QuietSea™ system, used to detect the presence of marine mammals during seismic operations, has been successfully operating onboard multiple seismic vessels across a range of geographical locations. QuietSea was recently deployed and tested on a major 3D variable-depth streamer survey conducted by CGG in the Atlantic Ocean …
Ingersoll Rand: Launches Latest Man Rider Winch Series
Ingersoll , a global leader in compressed air and gas, power tools, material handling and fluid management, will showcase a new addition to its line of dedicated Man Rider winches at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), the world’s leading oil and gas exhibition and conference. The …
Exterran: Sets Archrock Spin Off Date
Exterran Holdings, Inc. announced today that its board of directors has set a record date and a distribution date for the spin-off of its international services and global fabrication businesses into a stand-alone, publicly traded company named Exterran Corporation. Exterran Corporation has applied to list its common stock on the …
Aker Solutions and MAN Diesel & Turbo Form Subsea Compression Alliance
Aker Solutions and MAN Diesel & Turbo agreed to form an alliance to develop the next generation in subsea compression systems that can be used at even the smallest oil and gas fields to increase recovery and lower costs compared with conventional platform solutions. The two companies will build on …
TMK Corporate Website Recognized as Steel Industry Website of the Year
TMK’s corporate website (www.tmk-group.com) was honored with the “Steel Industry Website of the Year” award, having become the winner of the Steelie Awards held by the World Steel Association (Worldsteel) in this category. The results were announced at the 49th Worldsteel conference in Chicago (USA). At the Awards ceremony on …
Fugro: Awarded Blue Stream Inspection Contract
Fugro has been awarded a contract by Blue Stream Pipeline Company B.V. for the provision of survey support vessels and associated survey services to perform the 2015 external pipeline inspection for the offshore, shore approach, and dry section components of the Blue Stream Pipeline System. The two 24” gas export …
TMK: Holds Extraordinary General Meeting of Shareholders
TMK announces that its shareholders duly approved the resolutions proposed at the Extraordinary General Meeting of Shareholders (EGM), which took place on October 12, 2015, in the form of an absentee voting. Shareholders voted to approve interim dividends for the first six months of 2015 of RUR 2.42 per share …