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 …
NADL: Confirms Framework Delay
On August 22, 2014 North Atlantic Drilling Ltd. announced that it had entered into a Framework Agreement between NADL, Seadrill and Rosneft Oil Company (“Rosneft”). On November 7, 2014, the closing of the transaction was delayed until the end of May 2015. Today, all parties have mutually agreed to extend …
TAM International: Colin Graham Appointed Norway Country Manager
TAM International, an independent oilfield services company providing inflatable and swellable packers to the oil and gas industry, has opened a new office in Norway to support the company’s current business and seek further growth. To support the company’s goals, Colin Graham has been appointed as Norway Country Manager and …
TGS and Dolphin Team Up For Hammerfest Basin MCS
TGS announces that it has signed a joint venture agreement with Dolphin Geophysical (DOLP) to acquire 4,500 km2 3D multi-client seismic survey over the western part of the Hammerfest Basin in the Barents Sea. The survey will provide industry with broadband data over APA acreage not previously covered by modern …
Eurasia Drilling Company: 2014 Results – Drilled Metres Down 9.5%, Margin Up to 14.1%
Eurasia Drilling Company Limited,the leading onshore & offshore drilling service provider in the CIS, today announced its consolidated financial results for the year ended December 31, 2014, prepared in accordance with US GAAP. The audited Consolidated Financial Statements for the twelve months ended December 31, 2014, and Management’s Report on …