Service Companies & Manufactures

The Saipem SpA Board of Directors, chaired by Silvia Merlo, approved, yesterday, the Consolidated Half-Year Financial Report as at 30 June 2021[1]. Highlights of the first half-year Revenues of approximately €3.2 billion and adjusted EBITDA at a loss of €266 million. Operating results, reflect a slowdown compared to the first …

Kent (or the “Company”), a leading international integrated energy services partner formerly known as Kentech, provides the following updates: Completes the acquisition of the majority of SNC-Lavalin’s oil and gas division, with a minority portion to follow at a later date. The Company now harnesses the strength of leading players …

CGG S.A. and Topicus.com Inc. announced today that CGG has entered into an agreement with Topicus and Vela Software,  for the sale of CGG’s GeoSoftware business.  The closing of this transaction remains subject to mutually agreed closing conditions. “Being a perpetual owner of businesses, Topicus and Vela look forward to …

Weatherford International plc announced today its results for the second quarter of 2021. Revenues for the second quarter of 2021 were $903 million, an increase of 9% sequentially and 10% year-on-year.  Reported operating income was $25 million in the second quarter of 2021, compared to an operating loss of $13 million in the first quarter of 2021 …

Equinor and state-owned Petróleos de Venezuela (PdVSA) have completed a transaction whereby Equinor will transfer its 9.67% non-operated interest in the Petrocedeño project onshore Venezuela to Corporación Venezolana del Petróleo (CVP), a PdVSA company. The Petrocedeño project aims to upgrade extra-heavy crude oil into lighter crude from the Orinoco Belt …

NOV Inc. today reported second quarter 2021 revenues of $1.42 billion, an increase of 13 percent compared to the first quarter of 2021 and a decrease of five percent compared to the second quarter of 2020. Net loss for the second quarter of 2021 was $26 million, or 1.8 percent …

Halliburton Company today introduced ExpressFiber™, a single-use fiber optic cable that offers accurate, direct subsurface measurements, including cross-well communication, at a price point that enables fracture monitoring on every well pad. Understanding and optimizing well and fracture interference is a significant challenge that operators face today. ExpressFiber uses distributed acoustic …

Halliburton Company announced today net income of $227 million, or $0.26 per diluted share, for the second quarter of 2021. This compares to net income for the first quarter of 2021 of $170 million, or $0.19 per diluted share. Halliburton’s total revenue for the second quarter of 2021 was $3.7 …

Baker Hughes Company announced results today for the second quarter of 2021. We are pleased with our second quarter results as we continued to generate significant free cash flow, execute on our strategy, and lead in the energy transition. During the quarter, TPS and OFE delivered solid orders and operating …

PGS has today completed sale of the hardware, software and intellectual property associated with the Company’s towed streamer Controlled Source Electro Magnetic (“CSEM”) system to Ocean Floor Geophysics, Inc (“OFG”). The towed-streamer CSEM technology is a state-of-the-art system, which allows for the acquisition of high-quality marine CSEM data in a …