Service Companies & Manufactures

New Expro Technology Estimated to Reduce Almost 150 Tons of CO2 Emissions From Rigs

Energy services provider Expro (NYSE: XPRO) is leading industry efforts to meet environmental targets with the development of a digital technology that can help drilling contractors and operators cut an estimated 146 tons of CO2 emissions annually – the equivalent of 58 transatlantic flights. While the oil and gas industry …

READ MORE →
Service Companies & Manufactures

Shawcor to Rebrand and Focus on Leadership in Infrastructure Technology as it Explores Strategic Alternatives for Several Oilfield Businesses

Shawcor Ltd. today announced that it will seek to change its name to Mattr (the “Name Change”). The Name Change is expected to occur during the first half of 2023, conditional on regulatory and shareholder approvals, and it is anticipated that trading of the Company’s common shares will commence under …

READ MORE →
Service Companies & Manufactures

Aker Solutions Rated A+ for Sustainability

Aker Solutions today received grade A+ in an evaluation of environmental, social, and corporate governance (ESG) reporting of the 100 largest companies on the Oslo Stock Exchange.  The influential annual ESG100 report, by the Position Green Group (formerly known as The Governance Group), analyzes the accuracy, clarity, and relevance of …

READ MORE →
Service Companies & Manufactures

World-leading Drilling Systems Delivers Bespoke Well Control Training Lab for US College

World-leading provider of advanced drilling simulation technology, Drilling Systems, part of market-leading provider of training, technology and simulation solutions 3t Energy Group, has delivered a bespoke well control training lab to Western Texas College (WTC) with the installation of its cutting-edge simulators. The new lab will provide in-demand well control …

READ MORE →
Service Companies & Manufactures

Forum Energy Technologies Announces Second Quarter 2022 Results

Revenue of $172 million, an 11% sequential increase Orders of $203 million and book-to-bill ratio of 1.18 Net income of $9 million and diluted EPS of $1.15 Adjusted EBITDA of $15.5 million, a sequential increase of $7 million, or 74% HOUSTON–(BUSINESS WIRE)–Aug. 4, 2022– Forum Energy Technologies, Inc. (NYSE: FET) …

READ MORE →
Oil & Gas OperatorsService Companies & Manufactures

Nabors Announces Second Quarter 2022 Results

Nabors Industries Ltd. today reported second quarter 2022 operating revenues of $631 million, an increase of approximately 11%, compared to operating revenues of $569 million in the first quarter of 2022. The net loss from continuing operations attributable to Nabors shareholders for the quarter was $83 million, or $9.41 per …

READ MORE →
Oil & Gas OperatorsService Companies & Manufactures

Baker Hughes Announces Local Management Buyout of its Oilfield Services Business in Russia

Baker Hughes has signed an agreement to sell its Oilfield Services business in Russia (“OFS Russia”) to its local management team. The agreement follows on the Company’s previously announced suspension of new investments for its Russia operations and commitment to comply with appliable laws and sanctions. The new business will …

READ MORE →
Service Companies & Manufactures

NOV Reports Second Quarter 2022 Earnings

Revenue of $1.73 billion, up 12% sequentially and 22% year-over-year Net Income of $69 million, or $0.18 per fully diluted share Operating profit of $68 million, up $89 million sequentially and $56 million year-over-year Adjusted EBITDA* of $150 million, up $47 million sequentially and $46 million year-over-year Orders of $670 …

READ MORE →
Service Companies & Manufactures

Weatherford Announces Second Quarter 2022 Results and Raises Full-Year Outlook

Full-year revenue outlook increased to mid-teens growth year-over-year Second quarter revenues of $1,064 million increased 13% sequentially, led by strong international growth of 14% Operating income was $104 million, compared to $18 million in the first quarter of 2022 and adjusted EBITDA[1] was $186 million or a 17.5% adjusted EBITDA …

READ MORE →
Service Companies & Manufactures

Baker Hughes Company Announces Second Quarter 2022 Results

PDF Version Orders of $5.9 billion for the quarter, down 14% sequentially and up 15% year-over-year. Revenue of $5.0 billion for the quarter, up 4% sequentially and down 2% year-over-year. GAAP operating loss of $25 million for the quarter, down $304 million sequentially and down $219 million year-over-year. Adjusted operating …

READ MORE →