Service Companies & Manufactures

Ovation Data, a leading data management service company, is pleased to announce the appointment of Mark Bashforth as new Chief Executive Officer (CEO). Gregory Servos, Chairman, Ovation Data said: “We are excited to have Mark join our team. His extensive experience in serving the energy industry and managing rapid-growth organizations is …

Schlumberger Limited (NYSE: SLB) today reported results for the fourth-quarter and full-year 2021. Fourth-Quarter Results (Stated in millions, except per share amounts) Three Months Ended Change Dec. 31, 2021 Sept. 30, 2021 Dec. 31 2020 Sequential Year-on-year Revenue* $6,225 $5,847 $5,532 6% 13% Income before taxes – GAAP basis $755 …

Global upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 billion, a 70% increase over 2020, Rystad Energy research shows. The total deal value for 2021 was the highest in three years and almost reached the highs seen in 2017 and 2018 …

The new mobile rig ARS-225 has been designed to perform drilling and workover operations in arctic conditions down to -45 °C and up to +45 °C. With a nominal hook load capacity of 225 metric tons the ARS-225 is the fruit of the experience and nearly two years cooperation between …

2019 has been a successful year for Drillmec for many reasons; among these the high note was the acquisition of two contracts, in cooperation with the holding group MEIL, for the supply of 47 drilling & workover rigs to the Indian ONGC (Oil and Natural Gas Corporation Limited), the largest …

The Company presents its financial results in accordance with GAAP. However, management believes that using additional non-GAAP measures will enhance the evaluation of the profitability of the Company and its ongoing operations. Please see reconciliations in the section entitled “Reconciliation of GAAP to non-GAAP Financial Measures.” Certain columns and rows …

CGG Environmental Science has successfully completed a project with partners Matter, Brunel University London and Swansea University to characterize micropollutants and contaminants, including microplastics and synthetic fibers, captured by domestic and industrial filters. Matter, an innovation company, pioneers technology solutions for capturing, harvesting and recycling microplastics. The project applied an …

eDrilling, a leading supplier of AI, machine learning, and predictive analytics solutions to the energy industry, and Automatic Control Engineering, a leading provider of automation and software solutions, have joined forces to diffuse AI-based drilling technologies to E&P companies in the region of South-East Europe. Combined with eDrilling’s AI and …

The reason oil prices are reaching multi-year highs is the unexpected product gap the market is facing, as the theme so far for 2022 is that the oil market is short of the oil supply it anticipated for the beginning of 2021. Unplanned outages this month have flipped what was …

Global oil price benchmarks are surging to highs not seen in almost eight years, triggered by a low supply outlook complicated by tensions in the Middle East. The oil supply outlook for January and February looks very tight, but central bank decisions further down the line may not have the …