BP: New Core Flood Robot Enhances Oil Recovery Techniques
BP announced today that it is now operating the world’s first robotic coreflooding system. The Core Flood Robot is the most recent addition to BP’s programme of enhanced oil recovery (EOR) research facilities. Coreflooding is one of the most important techniques used to identify and evaluate EOR technologies. It measures …
Boskalis: Acquires 14% Stake in Fugro
Royal Boskalis Westminster N.V. (Boskalis) has acquired a 14.8% stake in Fugro N.V. Boskalis views Fugro as an interesting company with activities that fit very well with its own activities. Boskalis wants to enter into a dialogue with Fugro to explore possible options for cooperation. Boskalis stresses that it has …
ORBCOMM to Acquire SkyWave Mobile Communications
Acquisition to create the largest global space-based M2M communications company. Transaction marks a second phase of ORBCOMM’s collaboration with Inmarsat and significantly advances growth strategy. ORBCOMM Inc., a leading global provider of Machine-to-Machine (M2M) solutions, today announced that it has entered into a definitive agreement to acquire SkyWave Mobile Communications (SkyWave), the …
Jack-Up Barge Increases Offshore Accommodation Offer
Jack-Up Barge has recently placed a significant order with Malaysian-based Asian Offshore Services (AOS) for additional Zone 2 blast-rated Temporary Living Quarters (TLQs). The Netherlands-based Jack-Up Barge, a leading supplier of Self Elevating Platforms for the offshore sectors has been expanding fast. As part of this expansion, the company continues …
Akastor: Q3 Revenues Up 20%
Akastor ASA (Akastor) has operated as an oilfield services investment company since September 29th 2014, following the split of Aker Solutions ASA into two separate companies. Key management positions have been filled and the organisational structures and governance models are in place. Establishment of revised value creation plans for each …
Emerson: BP Awards $40m USD Shah Deniz 2 Automation Contract
BP has awarded Emerson Process Management, a global business of Emerson, a contract in excess of US$40 million to be the Main Automation Contractor for the Shah Deniz Stage 2 development project in the Azerbaijan sector of the Caspian Sea. Emerson will provide integrated control and safety systems to help …
Dolphin Geophysical: Q3 – Revenues Up to $128.5m USD
QUARTERLY HIGHLIGHTS – Q3 2014 • Revenues of USD 128.5 million, compared to USD 70.1 million in Q3 2013 • EBITDA of USD 38.2 million (29,7%), compared to USD 26.4 million in Q3 2013 • EBIT of USD 21.1 million (16,4%), compared to USD 17.4 million in Q3 2013 • …
C.A.T. oil AG: Looks for Joma Industrial to Disclose its Plans
The Management Board of C.A.T. oil AG is fully committed to get clarification on the asserted shareholder change at its major shareholder CAT. Holding and the mandatory public takeover offer announced by Joma Industrial Source Corp on October 31, 2014. In the interest of all shareholders, customers and employees the Management …
C.A.T oil AG:Income Up 12.5%. Revenues Up 1% Despite Rouble Devaluation
C.A.T. oil AG, one of the leading providers of oil and gas field services in Russia and Kazakhstan, significantly boosted its earnings and profitability in the second quarter of the year. Despite the increased political uncertainties, C.A.T. oil experienced a very strong upturn in customers’ demand for its services and …
Eurasia Drilling Company: Results Pleasing in – Challenging Market Environment, High Geopolitical Tensions,Declining Oil Prices and Weakening Ruble
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today announced its operational and financial update for the nine months ending September 30, 2014. The financial data is based on management assessment only and has not been reviewed by external auditors. NINE MONTHS 2014 …