Service Companies & Manufactures

The Board of Directors of Saipem S.p.A., chaired by Silvia Merlo, met over the weekend to examine the scenarios arising from the work currently being undertaken by management to prepare the preliminary consolidated results as of December 31, 2021. The review of the backlog of contracts awarded in the past …

TMK-Premium Service, part of TMK, has launched TMK-Premium Service Pilot Track, a platform to source innovation from outside the Company. Under the program, TMK-Premium Service will select and test startup initiatives covering various aspects of premium tubular services for the oil and gas industry as well as the development of …

Oil markets are experiencing a degree of inflation immunity today as benchmarks rise despite the US Federal Reserve’s announcement that an interest rate hike will come in March, a move that would typically provide some downside pressure on prices. The bullish momentum is primarily driven by military tensions and uncertainty …

“The overall seismic market was weaker in 2021 than in 2020 and our peers generally reported lower revenues. However, the market started to recover, and we delivered higher revenues compared to 2020, when adjusting for Covid-19 related government grants received in 2020. The recovery is primarily driven by more activity …

Sharp Reflections, a global leader in quantitative seismic data analysis, has announced the appointment of Adrian Smith as its Chief Operating Officer (COO). An expert in petroleum geophysics and reservoir management, Adrian has more than 25 years’ experience within technical, sales and senior leadership roles. He previously held the position …

Considering the proven safety performance and increasing global use, you might think that Roxtec material specialists remain happy by just maintaining the excellent features of the rubber in the seals. Nothing could be further from the truth. They lead the technical development by mixing new powerful particles. “We have for …

Oil markets are finding the balance between tight supply and U.S. financial market dynamics today, fresh off the back of seven-year highs and on track to hit steady monthly gains for January. Despite global supply concerns emanating from Ukraine-Russia tensions, threats to infrastructure in the UAE and OPEC+ struggling to …

Declines continue in Chinese export prices for linepipe and oil country tubular goods (OCTG) despite a small increase in substrate costs as challenging logistic operations in China’s ports continue to hamper buying interest. The Chinese government’s decision to not apply export duties for seamless OCTG has reduced an upward pressure …

Shearwater GeoServices Holding AS and Equinor are extending their collaboration to include Vår Energi and Lundin Energy Norway to accelerate the development and commercialisation of a sustainable marine vibratory source technology to minimise environmental footprint and enhance data quality from seismic data acquisition. This industry project builds on the existing …

Enerflex Ltd. and Exterran Corporation today announced a business combination (the “Transaction”) to create a premier integrated global provider of energy infrastructure. The company will operate as Enerflex Ltd. and will remain headquartered in Calgary, Alberta, Canada. Through greater scale and efficiencies, the transaction will strengthen Enerflex’s ability to serve …