Service Companies & Manufactures

Schlumberger: Q4 and 2014 Results – $296m Charge for 9,000 Layoffs

Houston, January 15, 2015—Schlumberger Limited today reported results for the full-year and fourth-quarter 2014. Full-year results are shown here. – Fourth-quarter revenue of $12.6 billion increased 6% year-on-year – Fourth-quarter EPS of $1.50, excluding charges and credits, grew 11% year-on-year – Board approves 25% increase in dividend, effective April 10, …

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Service Companies & Manufactures

Total: Successful Radial Cutting Torch Application in Russia

Weatherford, which specialists successfully completed complex interventions in severe High North environment, is successfully operating with major Russian and foreign operators at the oil fields of the Timan-Pechora Province, Komi Republic, as well as Nenets and Yamal and Nenents Autonomous Areas. Various mills, cutters, perforators and dressing tools, etc. are …

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Service Companies & Manufactures

Polarcus: Rod Starr to Succeed Rolf Ronningen as Chief Executive Officer

Polarcus Limited announces that the Board of Directors has, following a comprehensive selection process, chosen Rod Starr to succeed Rolf Ronningen as Chief Executive Officer of Polarcus. Rolf Ronningen, who informed the Board of his planned retirement in 2014, will continue as Chief Executive Officer until Rod takes up his …

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Service Companies & Manufactures

Vikoma International: Paul Raynor Appointed Sales Director

Leading oil pollution and environmental technology company, Vikoma International Limited, has appointed a new Sales Director with a wealth of market sector experience. Vikoma International leads the world in the design, manufacture and installation of oil spill containment and recovery equipment. The business has a global reputation for the development …

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Service Companies & Manufactures

ShawCor: Completes the Acquisition of Dhatec B.V

ShawCor Ltd. announced today that it has completed the acquisition of Dhatec B.V. for an undisclosed amount. Dhatec is a Netherlands based company which designs, assembles and markets engineered pipe logistics products and services which mitigate damage and enhance safety and efficiency in the manufacturing, coating, handling, transportation, preservation and …

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Oil & Gas OperatorsService Companies & Manufactures

Bashneft: Signs Automation Agreement with Emerson

Bashneft and Emerson Process Management have signed a long-term Memorandum of Cooperation on the development of systems for comprehensive automation of industrial facilities. The document was signed by Bashneft’s President Alexander Korsik and Nikolay Shestakov, Vice President of Emerson Process Management, Director General of LLC Emerson. In accordance with the …

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Service Companies & Manufactures

Arctech Helsinki Shipyard: Fully Owed by United Shipbuilding Corporation After Buyout

Arctech Helsinki Shipyard is in 100 % Russian ownership as United Shipbuilding Corporation bought the other half of the company shares from STX Finland Oy. Arctech Helsinki Shipyard Inc. was founded in December 2010 as United Shipbuilding Corporation bought the first 50% of the shipyard shares from STX Finland, a …

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Service Companies & Manufactures

Weatherford: Completes Drilling Fluid Business Unit Sale to Lubrizol

Weatherford International plc closed the previously announced sale of the Company’s engineered chemistry and Integrity drilling fluids businesses to an affiliate of The Lubrizol Corporation, a Berkshire Hathaway company, for a purchase price of $750 million, subject to a customary post-closing working capital adjustment. Weatherford may also receive a potential …

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Service Companies & Manufactures

ERIELL Group and Schlumberger Deploy New Rotary Steerable System in Samburgskoye Field

ERIELL Group and Schlumberger today announced the successfully completion of the construction of a 4245 m horizontal well in the Samburgskoye field using the latest rotary steerable system (RSS) from Schlumberger. The combination of the new PowerDrive Orbit vorteX RSS with a customized Smith polycrystalline diamond compact (PDC) bit and …

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Service Companies & Manufactures

C.A.T oil AG: Management Board Steps Down

Anna Brinkmann, member of the management board and Chief Operating Officer of C.A.T. oil AG, has, in agreement with the supervisory board, resigned from the Company’s management board with immediate effect. She has decided to take this step in order to be able to exercise her rights as significant shareholder …

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