ShawCor Provides Update on the South Stream Offshore Pipeline Project
In December 2014, ShawCor Ltd. announced the suspension of the majority of the work on its South Stream Pipeline contracts with Europipe GmbH and Marubeni Sumitomo Consortium (with a combined value of approximately US$100 million) and with Saipem SpA (with a value of approximately C$30 million). ShawCor announced today that …
NOV: Quarterly Dividend Set at $0.46 per Share
National Oilwell Varco, Inc. (NYSE:NOV) today announced that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on June 26, 2015 to each stockholder of record on June 12, 2015. National Oilwell Varco is a worldwide leader in the design, manufacture …
TMK Group: Attends OTC
TMK, one of the world’s leading producers of tubular products for oil and gas industry, took part in the 46th international Offshore Technology Conference (OTC). The annual event took place at the NRG Park (Houston, USA) on 4–7 May 2015. OTC is one of the key events in the oil …
Trican Reports First Quarter Results for 2015 and Announces Suspension of the Dividend
FIRST QUARTER HIGHLIGHTS Consolidated revenue for the first quarter of 2015 was $476.1 million, a decrease of 26% compared to the first quarter of 2014. The adjusted loss was $60.3 million and adjusted diluted loss per share was $0.40 compared to an adjusted loss of $8.7 million and adjusted diluted …
Trican Halts Dividend Payment
Trican Well Service Ltd. announces that it is suspending the Corporation’s dividend until further notice. Since May 2006 the Corporation has maintained a dividend policy of paying dividends on a semi-annual basis. Since February 2012 this semi-annual dividend has been in the amount of $C 0.15 per share. However, given …
Weatherford Announces Launch of SecureView Cased-Hole Wireline Evaluation Suite
Weatherford International plc announced today the commercial release of its SecureView® wireline cased-hole evaluation suite at the 2015 Offshore Technology Conference (“OTC”). As managing well integrity has become more critical across the industry, the ability to identify and mitigate risks is integral for all operators. The SecureView® suite provides single-trip, …
Centek: Launches Deep Water Inter Casing Centralizer Sub
Centek is launching its Inter Casing Centralizer Sub (ICCS), designed to be run as part of a tight tolerance casing string in deepwater, ultra-narrow annulus applications. Centek and Halliburton collaborated in developing the ICCS. The body of the centralizer sub is machined to Centek and Halliburton’s exacting standards. Centek’s patented …
CGG and Air Control Announce Partnership for Airborne Geophysical Survey Services in Kazakhstan
CGG and Air Control announced today the signing of an agreement to provide airborne geophysical survey services in Kazakhstan. This agreement will allow Air Control to offer the full suite of CGG airborne geophysical technologies for subsurface exploration to oil & gas and mining clients in Kazakhstan. Air Control performs …
Kvaerner: Q1 Revenues Up yoy
High revenues continued in spite of challenging markets. Kvaerner continued the high activity also in the first quarter of 2015 and revenues ended at NOK 3 525 million. The order intake was good in spite of the challenging markets, which enabled Kvaerner to maintain the order backlog level from year-end. In …
DNV GL Supports Operators Moving From Exploration To Production
With lower oil prices and smaller margins, good project management is more important than ever, yet operators are often challenged when moving from field development projects into the operational phase. DNV GL has therefore developed a framework and roadmap for planning operations. This will support smaller operators in the transition …