Calfrac Well Services Ltd Announces it’s Financial and Operating Results for the Three and Six Months Ended June 30, 2015
HIGHLIGHTS Three Months Ended June 30, Six Months Ended June 30, 2015 2014 Change 2015 2014 Change (C$000s, except per share and unit data) ($) ($) (%) ($) ($) (%) (unaudited) Financial Revenue 319,553 502,957 (36) 919,936 1,050,595 (12) Operating income (loss)(1) (7,022) 44,833 (116) 20,822 108,950 (81) Per share …
TMK Announces 1H 2015 Operational Results
2Q 2015 and 1H 2015 Highlights – In 1H 2015, TMK shipped a total of 1,957 thousand tonnes of steel pipe, down 4.8% year-on-year. In 2Q 2015, shipments decreased by 3.3% quarter-on-quarter to 962 thousand tonnes. The decline in shipments was due to lower shipments of the American Division in light of the unfavourable market situation. However, in …
NOV: Q2 Results – Revenues of $3.91 billion, a 19 Percent Decrease
National Oilwell Varco, Inc. (NYSE: NOV) today reported that for its second quarter ended June 30, 2015, it earned net income of $289 million, or $0.74 per fully diluted share, compared to first quarter ended March 31, 2015 net income of $310 million, or $0.76 per fully diluted share. Excluding …
Exterran: Delays Company Spin Off Due to Market Conditions
Exterran Holdings, Inc. announced today that the previously announced private offering of senior notes by its subsidiaries has been withdrawn due to adverse market conditions. Consequently, the planned spin-off of its international services and global fabrication businesses into a stand-alone, publicly traded company named Exterran Corporation will be delayed. Exterran …
Roxi Petroleum: Cancellation of Royalty
Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce it has entered into an agreement with Canamens Limited (“CL”) and Sector Spesit IV, a sub-fund of Sector Umbrella Trust (“SS4”) to cancel future royalty payments due to them from production from Roxi’s …
KMG EP: Extends Ozenmunaigas’ Uzen and Karamandybas Subsoil Contracts
JSC KazMunaiGas Exploration Production (“KMG EP” or “Company”) is pleased to announce that addendum No.5 to contract No.40, dated 31 May 1996, has been signed to extend the contract for development of Uzen and Karamandybas oil fields of Mangystau Province between the Kazakh Ministry of Energy and Ozenmunaigas, where KMG …
Weatherford Announces the Release of Revolution® Rotary-Steerable System
Weatherford International plc announced today the commercial release of its Revolution® rotary-steerable system (RSS) at the Unconventional Resources Technology Conference (URTeC). The ability to minimize risks and reduce time while drilling is integral for operators seeking to arrive at the production stage quickly and avoid future intervention. The new generation …
ERIELL Group Signed a Long-term Contract With Yamal LNG
ERIELL Group has signed a 6-year contract with Yamal LNG OJSC for building 39 producing wells on a trunkey basis in the South Tambey field. “This is the second long-term contract for well drilling in Yamal. We have accumulated the experience that will help us completely justify the confidence of …
Exterran Holdings Provides Update on Spin-off of International Services and Global Fabrication Businesses
Exterran Holdings, Inc. announced today that its previously announced record date of July 22, 2015 and distribution date of July 31, 2015 for the spin-off of its international services and global fabrication businesses into a stand-alone, publicly traded company named Exterran Corporation will change. Exterran Holdings remains committed to closing the spin-off as soon as practicable. When determined, Exterran …
Weatherford Reports Second Quarter 2015 Results
Positive free cash flow of $104 millionReduction in force target of 10,000 substantially complete; target raised to 11,000Second quarter international revenue down only 2.7%, despite activity and pricing reductions BAAR, Switzerland, July 22, 2015 /PRNewswire/ — Weatherford International plc (NYSE: WFT) reported a net loss before charges of $77 million ($0.10 net loss per share non-GAAP) on …