DNV GL: Combines Tools to Aid Operational Perfromance in Rotating Equipment
Many pieces of rotating equipment are operating below optimum capacity, affecting production costs, revenues and resulting in unexpected down time. DNV GL has been working together with operators to help unlock the potential of their existing rotating equipment. Chris Dagnall, Manager, Rotating Machinery Group, DNV GL says “Rotating equipment can …
Proserv: Announces the Acquisition of Nautronix
PROSERV GROUP LLC (“Proserv”), a leading energy services company, has acquired Nautronix, a leader in the supply of subsea digital acoustic communication products and positioning services to the oil and gas industry, based in Aberdeen, United Kingdom. Proserv is a portfolio company of Riverstone Holdings LLC, an energy-focused private equity …
Schlumberger Acquires Novatek
Schlumberger announced today that it has acquired Novatek Inc. and Novatek IP, LLC. (Novatek), U.S.-based companies that specialize in synthetic diamond technology primarily for the oil and gas industry. The existing relationship between Schlumberger and Novatek has delivered industry-leading technologies, such as the Schlumberger StingBlade* conical diamond element bit, and …
Schlumberger and IBM Introduce New Service to Optimize Integrated Upstream Production Operations
Schlumberger and IBM today announced that they have teamed up to provide integrated services to upstream oil and gas customers that will improve the business impact of production operations projects. The offering combines Schlumberger’s production optimization services, upstream expertise, and industry-leading Avocet* production operations software platform with IBM’s enterprise asset …
National Oilwell Varco: Appoints Jose Bayardo as Senior Vice President & Chief Financial Officer
National Oilwell Varco, Inc. announced today that Jose A. Bayardo has been named Senior Vice President and Chief Financial Officer of National Oilwell Varco, effective August 28, 2015. Mr. Bayardo succeeds Scott K. Duff, Interim Chief Financial Officer. Prior to joining National Oilwell Varco, Mr. Bayardo, age 43, served as …
Centek: Announces Deepwater Division
Centek Group, the leading centralizer manufacturer, has formed a Deepwater Division to focus the sale and support of its specialist deepwater centralizer products. Today, drilling and completion account for around 50 percent of deepwater field development costs. As oil and gas production moves into deeper waters the technical challenges and …
TMK: Wins 1.5bn Rub Contracts From Gazprom
TMK, one of the world’s leading producers of pipes for the oil and gas industry, took part in Gazprom tenders for premium tubular products. Following two public requests for proposals, TMK was announced the winning bidder in 8 out of 13 lots. In 3Q and 4Q 2015 TMK will supply …
NADL: Q2 Results – Consolidated Revenues at $210.7 million
Highlights from the second quarter • North Atlantic Drilling generated second quarter 2015 EBITDA* of $119.3 million • North Atlantic Drilling reports second quarter 2015 net income of $44.2 million and earnings per share of $0.17 Subsequent events • North Atlantic Drilling secured a contract extension for the semi-submersible rig …
Schlumberger Announces Agreement to Acquire Cameron
Schlumberger Limited and Cameron today jointly announced a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies. – Offers new growth opportunities by creating the industry’s first complete drilling and production …
Schlumberger to Acquire Cameron in $14.8 Billion Deal
Schlumberger Ltd (SLB.N) will buy oilfield equipment maker Cameron International Corp (CAM.N) in a deal valued at $14.8 billion to streamline supply chains and offer cost-effective services to oil and gas customers who have slashed budgets. The deal is the latest example of energy companies joining forces to help them …