Bentec: Wins Three Major Contracts – Caspian Rig , Three Cluster Slider Rigs and Thirteen Top Drives
Bentec, one of the world’s leading manufacturers of drilling rigs and oilfield equipment today announces that it has won three major multi-million dollar contracts. The company also confirms its further expansion into the substantial offshore market. The contract awards come at a time when conditions in the oil and gas …
TMK ANNOUNCES 1Q 2015 IFRS RESULTS
The following contains forward looking statements concerning future events. These statements are based on current information and assumptions of TMK management concerning known and unknown risks and uncertainties. OAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces today its unaudited …
Sibur and Siemens AG Sign Cooperation Agreement
The Russian petrochemical group Sibur and the German company Siemens have signed a cooperation agreement in Moscow today. The signing ceremony was attended by Executive Director of Sibur, Vladimir Razumov and the President of Siemens in Russia, Dietrich Moeller. The agreement aims to develop partnerships for the implementation of joint projects. The parties plan …
Northern Offshore: First Quarter Results Exceeded Our Expectations
Northern Offshore Reports First Quarter 2015 Results Northern Offshore, Ltd. (Oslo Børs: NOF.OL) today reported net income for the three months ended March 31, 2015, of $5.9 million, or $0.04 per diluted share, on revenues of $44.6 million. The Company generated adjusted EBITDA of $14.1 million in the first quarter …
EIA Launches Redesigned International Energy Portal
Today, the U.S. Energy Information Administration (EIA) launched a redesigned International Energy Portal to improve access to international energy data and trends in global energy markets. The portal can be viewed at: http://www.eia.gov/beta/international/ “With most of the future growth in energy consumption expected to occur outside of the United States …
DNV GL’s Unmanned, Solitude, FLNG Concept Boosts Safety And Reduces Costs
DNV GL has developed a new unmanned floating LNG concept that overcomes many of the challenges currently faced by those looking to unlock the potential of remote offshore gas fields. Called Solitude, the concept demonstrates how technological advances – most of the technology already within reach – can be combined …
IWCF Sets Sights on New Australia Office
The International Well Control Forum (IWCF), the independent organisation that sets international well control standards, is attending the oil & gas industry APPEA conference in Melbourne this week (17-20 May) to showcase its well training and accreditation capabilities. With an active branch in Australia, IWCF now plans to expand its …
Baker Hughes Declares Quarterly Dividend
Baker Hughes Incorporated Chairman and Chief Executive Officer Martin S. Craighead announced today that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable June 24, 2015 to holders of record on June 3, 2015. Source
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 …