Schneider Electric and AVEVA: To Combine Selected Industrial Software Solutions
Schneider Electric SE announces today it has reached a preliminary, non-binding agreement with AVEVA Group PLC (“AVEVA”) on the key terms and conditions of a combination of selected Schneider Electric industrial software assets and AVEVA (forming the “Enlarged AVEVA Group”). It is expected that the proposed transaction would: 1. create …
Maersk Drilling: Heydar Aliyev Rig Wins 5 Year Contract for Shah Deniz
Maersk Drilling has been awarded a 5-year contract extension for the semi-submersible Heydar Aliyev rig with BP Exploration (Shah Deniz) Limited acting as Operator of the Shah Deniz field . The rig will continue working on the development of the Shah Deniz field in the Caspian Sea offshore Azerbaijan. The …
Trans Adriatic Pipeline (TAP) AG selects Technip for a contract for Project Management Services
Technip has been awarded by TAP(1) a Project Management Consultancy (PMC) Services contract, for a project designed to transport gas from the Shah Deniz field to the European market. TAP project scope includes an approximately 870 kilometer long pipeline, which will start from the tie-in with the TANAP(2) portion of …
Schlumberger: Q2 Results – Revenue Up 12%
Schlumberger Limited today reported results for the second quarter of 2015. • Revenue of $9.0 billion decreased 12% sequentially • EPS of $0.88 declined 17% sequentially, excluding charges and credits • Free cash flow of $1.5 billion represented 132% of earnings • Sequential decremental operating margin was 23% • 5.8 …
Polarcus: Expands Environmental Accreditations with DNV GL
Polarcus has recently completed a comprehensive verification process in collaboration with specialists from DNV GL, the international certification body and classification society, to review and audit the company’s procedures, methodology, data and calculations, software architecture, and technical documentation related to Polarcus’ emissions monitoring and reporting systems. This successful audit has …
Akastor ASA: Kristian Røkke Appointed New CEO
Akastor ASA announced today that its Board of Directors has appointed Kristian Røkke as its Chief Executive Officer. Mr. Røkke will succeed Frank O. Reite, who will take the position of Chief Financial Officer at Aker ASA. Kristian Røkke, who is currently Chairman of Aker Philadelphia Shipyard ASA (AKPS), a …
AKASTOR: Q2 Results – NOK 18.7 billion Order Backlog
The challenging market situation has continued in the second quarter, resulting in a mixed performance of the investments. Overall, the majority of the portfolio companies have had satisfactory performance during the second quarter. As in the previous quarter; MHWirth is the company where the market situation is having most impact. …
Kvaerner: Q2 Results – Revenue Up 9%
Growing order intake and activity level in a challenging market. Kvaerner’s order intake in the second quarter was NOK 5 674 million, an increase from NOK 5 360 million in the same quarter last year. The company has also continued the high activity level with revenues for the quarter of …
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 …