Aker Solutions: Q2 Results – Strong Oder Backlog in Challenging Economic Times
Aker Solutions‘ revenue was steady at NOK 8 billion in the second quarter of 2015 from a year earlier amid progress on major projects from Africa to Norway and Brazil. Earnings before interest and taxes (EBIT) were NOK 376 million, compared with NOK 472 million a year earlier. Financial Highlights …
OneSubsea and Subsea 7 Form Worldwide Alliance
OneSubsea®, a Cameron and Schlumberger company, announced today that they have signed an agreement establishing a worldwide non-incorporated alliance with Subsea 7 to jointly design, develop and deliver integrated subsea development solutions through the combination of subsurface expertise, subsea production systems (SPS), subsea processing systems, subsea umbilicals, risers and flowlines …
Exterran Holdings: Announces Preliminary Second Quarter Financial Results of Businesses to Be Spun-off
Exterran Holdings, Inc. announced today certain preliminary second quarter 2015 financial results for the businesses to be spun-off. As announced in November 2014, Exterran Holdings intends to separate its international contract operations, international aftermarket services and global fabrication businesses into a standalone, publicly traded company named Exterran Corporation. Upon completion …
Halliburton: Baker Hughes Acquisition – Working with Antitrust Bodies
Halliburton Company and Baker Hughes Incorporated today announced that they have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice (DOJ) pursuant to which both companies have agreed to extend the period for the DOJ’s review of Halliburton’s previously announced acquisition of Baker Hughes …
Schlumberger WesternGeco: Wins Patent Case Against ION Geophysical covering Streamer Technologies
The U.S. Court of Appeals for the Federal Circuit recently affirmed the 2014 judgment that ION Geophysical Corp. infringed four seminal WesternGeco LLP patents covering streamer steering technology for marine seismic surveys, and that WesternGeco is the rightful owner of the pioneering technology. In 2009, WesternGeco filed suit for patent …
Vikoma: Completes Management Buyout
Senior management of Vikoma International Limited have completed a management buyout with the support of a financial investment from Agathos, the London-based investment firm. Based on the Isle of Wight and founded by BP in 1967 after a major oil spill, Vikoma International is a world leader in the design …
NADL: West Phoenix Contracted by Total E&P UK
North Atlantic Drilling has been awarded a contract extension for the semi-submersible rig West Phoenix by Total E&P UK Limited, commencing mid-March 2016 and securing work for the unit through the end of August 2016. The total revenue potential for the contract extension is approximately $62 million. A portion of …
Saipem: Receives South Stream Termination for Convenience Contract Notice
Saipem informs that late in the evening of July 8th it received notification of the termination for convenience of the South Stream BV contract. The termination for convenience is a standard contractual clause which provides for the termination of the agreement in the absence of a contractual breach, with compensation …
Exterran: US Company to be Called Archrock Partners
Exterran and Exterran Partners are pleased to announce the future name of the market leader in U.S. natural gas contract compression services: Archrock. – After completion of Exterran’s separation transaction, the U.S. compression services company will be called “Archrock” – Non-U.S. contract operations, non-U.S. aftermarket services and global product lines …
J D Neuhaus: 270 Years Young!
9 September 2015 marks 270 years of manufacturing for the German based hoist and crane manufacturer J D Neuhaus, and after seven generations, the company is still managed by a descendant of the original owner. Load handling equipment supplied by J D Neuhaus is now utilised throughout the world, from …