DNV GL Establishes Recommended Practice To Manage Wellhead Fatigue Analysis
Addressing wellhead fatigue issues and proving sufficient margin for drilling operations has been a growing challenge for the oil and gas industry over the last decade. Wellhead fatigue can have significant technical, financial and safety implications for the system. In close cooperation with industry partners, DNV GL is addressing this …
Exterran Holdings Reports First-Quarter 2015 Results
Exterran Holdings, Inc. today reported EBITDA, as adjusted (as defined below), of $182.0 million for the first quarter 2015, compared to $182.3 million for the fourth quarter 2014 and $144.8 million for the first quarter 2014. – EBITDA, as adjusted, of $182 million for the quarter – Net income from …
Weatherford: Launches SecureView – Well Integrity 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, …
TCO: Appoint Halle Aslaksen as CEO
Norway – TCO Board of Directors is pleased to announce the appointment of Halle Aslaksen as new CEO, effective 1 august 2015. Halle holds a Master of Science degree in Petroleum Engineering, and has over 20 years’ experience in the oil and gas industry. He has built a career across …
ThyssenKrupp Industrial Solutions: Formed with Integration of OOO Uhde and OOO Polysius
Uhde and Polysius combined under the roof of ThyssenKrupp Industrial Solutions The industrial and technology group ThyssenKrupp is strengthening its plant technology capabilities in Russia by integrating OOO Uhde and OOO Polysius to become OOO ThyssenKrupp Industrial Solutions (RUS). The step will come into effect as of May 13, 2015. …
Jotun’s Mesh-Free Epoxy Passive Fire Protection Coating Wins Industry Acclaim
Jotachar JF750, the industry’s first and only mesh-free Passive Fire Protection (PFP) for all jet fire scenarios, an epoxy coating system for structural steel, has generated significant industry interest, securing numerous global contracts and praise from applicators, fabrication yards and operators. Launched in 2013, Jotachar JF750 promised to help users …
Tenaris to Highlight Deepwater and Shale Capabilities at OTC
Tenaris will present its unique product and service solutions for shales and deepwater applications at the Offshore Technology Conference (OTC) May 4-7 at NRG Park. Tenaris booth #2965 will highlight the company’s more than 20 years of experience and expertise in deepwater projects. Samples of high performance oil country tubular …
Polarcus: First Quarter 2015 Report – Responding to an Uncertain Market Environment
Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the release of its first quarter 2015 financial statements. Highlights in the first quarter 2015: Revenues of USD 81.1 million down 33% from same quarter the previous year Multi-Client sales of USD 36.7 million with prefunding ratio of 80% Gross cost …
Petroleum Geo-Services ASA: First Quarter 2015 Results
Highlights Q1 2015 Revenues of $251.1 million, compared to $292.5 million in Q1 2014 EBITDA of $124.8 million, compared to $138.5 million in Q1 2014 EBIT of $10.9 million, compared to $45.2 million in Q1 2014 Strong cash flow from operations of $212.4 million, compared to $182.1 million in Q1 …
ERIELL Group is Interested in the Saudi Arabia Market
ERIELL Group has concluded an agreement with the consulting company BAS Global Investments Co. Ltd., which will render assistance regarding the ERIELL activity in the Saudi Arabia market. The partnership involves assistance in organization of logistic and infrastructural processes, and the marketing support. “ERIELL Group is interested in the opportunities …