Service Companies & Manufactures

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 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 …

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 …

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 …

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 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 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 …

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 …

The new contract will optimise Enhanced Drilling’s worldwide logistics. The agreement covers international sea, air and road transport. When Enhanced Drilling need to transport equipment to their projects in the next two and a half years, the transports will be carried out in close cooperation with several Blue Water offices. …

Acquisition of Yggdrasil, expands Roxar Software Solutions to the entire reservoir lifecycle, enabling operators to continuously monitor production and forecast future reservoir performance. Emerson Process Management has acquired Norwegian company Yggdrasil, a provider of flow assurance and production optimization software. Emerson will incorporate Yggdrasil’s METTE production optimization solution into the …