Nabors: Announces Fourth Quarter 2021 Results
Nabors Industries Ltd. today reported fourth quarter 2021 operating revenues of $544 million, compared to operating revenues of $524 million in the third quarter of 2021. The net loss from continuing operations attributable to Nabors shareholders for the quarter was $114 million, or $14.60 per share. This compares to a …
Interview, Diego Ferrandes, Drillmec
In this interview, we talk to Diego Ferrandes, global business director and regional head for Drillmec, widely considered one of the world’s leading manufacturers of next generation automated drilling rigs and premium drilling equipment. We discuss Drillmec´s recent successes, regional localization efforts in Russia and its development across the Caspian. …
Rystad Energy: Oil Prices Falling on Hopes of Progress in Iran Negotiations and Cooling Eastern Europe Tensions
Oil markets are falling today as bearish factors exert pressure, including the potential reintroduction of Iranian crude and de-escalation of military tensions in Eastern Europe. The US government is attempting to tame oil prices by urgently negotiating a new nuclear agreement with Iran, a move that could reintroduce more than …
Endeavor: Launches Major Products to Solve Critical Training Issues
The past few years Endeavor has been working tirelessly on new simulation products to facilitate a deeper understanding for oil and gas operations. “We have listened to our clients needs and the simulator requirements need to focus on much more complex procedures and operations that cause significant downtime and risk …
Rystad Energy: Oil Markets in Wait-and-See Mode as Prices Drop Slightly from Multi-Year Highs
Global oil markets are in a holding pattern this morning as supply and demand signals balance each other out, waiting for further developments in US-Iran nuclear talks and Eastern European tensions before significant moves become apparent. Supplies of crude and transportation fuels are struggling to keep up with demand, and …
Forum Energy Technologies Provides Fourth Quarter 2021 Operational Update and Announces Timing of Earnings Conference Call
Forum Energy Technologies, Inc. today announced that fourth quarter 2021 operating results are expected to be below previously provided guidance levels. Results in the fourth quarter were negatively affected by further supply chain disruptions, which caused both revenue to be deferred and costs to increase. In addition, the company incurred …
NOV: Reports Fourth Quarter and Full Year 2021 Results
NOV Inc. today reported fourth quarter 2021 revenues of $1.52 billion, an increase of 13 percent compared to the third quarter of 2021 and an increase of 14 percent compared to the fourth quarter of 2020. Net loss for the fourth quarter of 2021 was $40 million, or 2.6 percent …
TMK and Sinara Group Support Educational Forums in Sochi as Part of the I Am a Professional Olympiad
TMK and Sinara Group have become partners of the educational forums held in Sochi as part of the national I Am a Professional student olympiad. Set up by Ural Federal University and TMK2U Corporate University, the forums are taking place from 2–16 February, gathering over 200 students from Russia’s top …
CGG: Joins CCUS Monitoring Research Program Led by Carbon Management Canada
CGG has joined a CCUS research program offered by Carbon Management Canada (CMC), a national, not-for-profit leader in developing and implementing new technologies that capture, utilize, store and monitor greenhouse gases. CMC is focused on measurement, monitoring and verification technologies for secure and cost-effective carbon capture and storage (CCS) operations. …
Rystad Energy: Oil Prices Slip Post-OPEC+ Meeting as Volatility Persists
Global oil markets are losing a bit of ground as doubts over the ability of OPEC+ to maintain full production capacity persist and the supply outlook remains tight. The hope that OPEC+ crude oil output could bring balance to the market appears weak and traders are bracing for more volatility. …