TMK Announces Board of Directors Decisions
TMK’s Board of Directors at the meeting on April 23 decided to convene an Annual General Meeting of Shareholders (AGM) which will take place on June 23, 2015 at 12.00 at the following address: Moscow, Kotelnicheskaya nab., 1/15 (movie theatre space). The record date for the list of shareholders eligible …
TMK Group: Starts Shipping Tubular Products for the Power of Siberia Gas Transmission System
TMK, one of the world’s leading producers of tubular products for oil and gas industry, started large diameter pipe (LDP) supplies for Power of Siberia gas transmission system by Gazprom with April shipments to reach near 28 kt. Gazprom named TMK as one of tubular product suppliers for the project …
Weatherford: Q1 Results – Revenue Down 22%, USA Down 34%
Weatherford International plc (NYSE: WFT) reported a net loss before charges of $33 million ($0.04 net loss per share non-GAAP) on revenues of $2.79 billion for the first quarter of 2015. First Quarter 2015 Highlights – International operating income margins improved 120 basis points sequentially, led by Latin America and …
Petroleum Geo-Services ASA : PGS Employee Elected Directors
Petroleum Geo-Services ASA concluded its election for Directors to the Board among the employees yesterday. The three employee elected Directors are: Anette Valbø – Corporate Controller, Marine Contract Espen Grimstad – Senior Supervisor, Operations Berit Osnes – Senior Vice President, MultiClient. Alternate directors are: Atle Aamodt – Senior Vice President, …
TAM International Introduces a Premier Cementable Toe Sleeve
TAM International, Inc., an independent oilfield services company providing inflatable and swellable packers, introduces new technology as part of their PosiFrac® product line. The TAM PosiFrac® Toe Sleeve (PTS) assembly is designed for cemented or uncemented completions where a casing pressure test is desired to confirm casing integrity prior to …
National Oilwell Varco: Scott Duff Named Interim CFO
National Oilwell Varco, Inc. today announced that Jeremy D. Thigpen has informed the Company of his resignation as Senior Vice President and Chief Financial Officer, in order to become Chief Executive Officer of Transocean, one of NOV’s largest customers. Scott K. Duff, NOV’s Vice President and Chief Accounting Officer has …
Baker Hughes: Q1 Results: 20% Decline in Revenue
Baker Hughes Incorporated (NYSE: BHI) announced today results for the first quarter of 2015. – 20% decline in revenue compared to the first quarter of 2014 attributed to unfavorable market conditions. – GAAP net loss per diluted share of $1.35 for the quarter includes $557 million, or $1.28 per diluted …
Polarcus: Sets New Standard for True Fast Track Processing
Polarcus has completed its first commercial onboard broadband fast track data processing project for one of the world’s largest independent oil and natural gas exploration and production companies, setting a new standard for turnaround. A 1,750 square kilometer broadband 3D volume was successfully processed through pre-stack time migration (“PSTM”) onboard …
Exterran Partners Acquires Compression Assets from Exterran Holdings
Exterran Holdings, Inc. and Exterran Partners, L.P. today announced that Exterran Partners has acquired assets from Exterran Holdings for consideration valued at $102.3 million, including customer contracts serving 60 customers together with 244 compressor units used to provide compression services under those contracts. Those compressor units represent approximately 151,000 horsepower …
Halliburton: To Sell Off Drill Bits, Directional Drilling and MWD/LWD Business Lines as Part of Baker Hughes Merger
Halliburton Company announced it will separately market for sale the company’s Fixed Cutter and Roller Cone Drill Bits, Directional Drilling and Logging-While-Drilling (LWD)/Measurement-While-Drilling (MWD) businesses. The final sale of these businesses will not be completed until we have reached acceptable terms and conditions negotiated by Halliburton, the approval of Halliburton’s Board …