Eurasia Drilling Company: Update on Schlumberger Merger Timetable
Eurasia Drilling Company Limited announces that Schlumberger B.V. (“SLB”) and the Company are continuing to cooperate with the Russian Federal Anti-Monopoly Service (“FAS”) to respond to requests for information regarding the transaction described in the circular to Shareholders dated 20 January 2015. The merger (the “Merger”) between the Company and …
Federal Anti-Monopoly Service Delays Schlumberger’s Purchase of Eurasia Drilling
Russia’s Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to Schlumberger, pending approval from Russia’s Federal Anti-Monopoly Service (FAS). Last month, oil services giant Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially …
Federal Anti-Monopoly Service Delays Schlumberger's Purchase of Eurasia Drilling
Russia’s Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to Schlumberger, pending approval from Russia’s Federal Anti-Monopoly Service (FAS). Last month, oil services giant Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially …
C.A.T. oil AG Confirms the Resignation of the Supervisory Board
Management and the Supervisory Board of Vienna based C.A.T. oil AG confirm the resignation of the chairman of the Supervisory Board, Mr Gerhard Strate, and the remaining members of the Supervisory Board with immediate effect. Mr Manfred Kastner, CEO, expressed on behalf of the Company gratitude and recognition for the …
DNV GL: New Synergi Gas Tool Models Multiphase Flows
Gas gathering and transmission companies have until now taken on the cost of external consultants or specialized in-house expertise for multiphase network analyses. With DNV GL’s new Multiphase Module in Synergi Gas software, users can take full control of their analyses. Multiphase flow is common in gas gathering systems, where …
Aker Solutions Develops Capping Technology to Limit Deepwater Drilling Risks
Aker Solutions delivered the key subsea component for the system being developed by Marine Well Containment Company to limit environmental risks from oil and gas production in the U.S. Gulf of Mexico. The Subsea Containment Assembly, or SCA, is designed to contain a well-control incident by connecting and creating a …
DBR: Gensets Ready for Offshore Action in Hazardous Areas
As well as standard and custom made generator sets for the maritime and offshore markets, DBR is also specialized in manufacturing ATEX-95 Zone 2 systems. Requiring significant modifications compared to the standard systems, these generator sets deliver a safe and efficient power supply to the offshore Oil & Gas industry. …
Schlumberger: Introduces “Infinity” Industry-First Fully Dissolvable Plug-and-Perf System
Infinity system degrades completely, leaving fullbore access without the need for intervention for faster production Schlumberger announced today the release of the Infinity* dissolvable plug-and-perf system. This unique solution uses fully degradable fracture balls and fully degradable seats instead of plugs to isolate zones during well stimulation. “Operators are continuously …
Eurasia Drilling Company: Shareholders Approve Merger with Schlumberger
Eurasia Drilling Company Limited announced that it had agreed with certain members of the Company’s management team and certain significant shareholders the terms of a merger between the Company and EDC Acquisition Company Limited, a company formed by one of the Participants solely for the purposes of the Merger, under the provisions …
PGS Wins Patent Dispute With EMGS
Petroleum Geo-Services ASA today announces that Oslo District Court in its judgment of 13 February 2015 ruled in favor of PGS in the lawsuit filed by ElectroMagnetic GeoServices ASA (‘EMGS’) against PGS for patent infringement relating to PGS’ Towed Streamer EM technology. The court found that EMGS’ patent NO 324 …