Euro Auctions: Demand High for Used Equipment Despite Covid
With the Covid-19 virus pandemic affecting the whole of Spain and Portugal, last year Euro Auctions Zaragoza hosted a full programme of ‘on-line’ auctions culminating in the last sale of the year in November 2020 which attracted buyers from over 50 countries in Europe, Middle East and Asia. With over …
TGS: Initiates a USD 20 Million Share Repurchase Program
TGS-NOPEC Geophysical Company ASA (“TGS” or the “Company”) today announced that reflective of the Company’s strong financial and liquidity position and cash flow outlook, the Board of Directors has authorized a share repurchase program of up to USD 20 million. The share repurchase program will be in place until the …
Schlumberger New Energy, the CEA and Partners Announce Appointment of CEO of Genvia, a Clean Hydrogen Production Technology Venture
Genvia governance is established with a Board of Directors from Genvia partner companies, and the definition of a clear roadmap of ambitious milestones for the development and industrialization of solid oxide technologies. Schlumberger New Energy, the CEA and partners have announced Florence Lambert as the CEO of the Genvia clean …
NewTech Services: Gazprom Neft Completes Field Run of RSS and Logging Tools
NewTech Services and Gazprom Neft have successfully completed another field run of a new 4 3/4″ push-the-bit Rotary Steerable System (RSS), the Neutrino™ Ultra High-Speed MWD tool, and the MFWPR® Resistivity LWD tool in the Yuzhno-Priobskoe Field. The primary objective of the field trial was the qualification of the RSS …
Well-SENSE: Appoint Annabel Green as CEO
Aberdeen-based downhole sensing technology specialist, Well-SENSE, has appointed Annabel Green as its new CEO to accelerate its global business strategy and drive further adoption of its proven downhole sensing technology, FiberLine Intervention (FLI). Ms Green joins the business from Tendeka, where she held senior strategic and product line management roles …
NOV: Elmar Frac Products Spotlight
Hard working wireline frac crews need tough equipment built for reliability, easy maintenance, and top performance. Our wide range of wireline frac products are engineered and built to the highest standards giving you the benefits of durability in a compact and lightweight design. From field-proven Artex™ trucks to lightweight well …
Latest News from Drillmec Times No. 10
Completing Commissioning and Site Acceptance Test on new HH-102AC We are glad to announce that on 8th December, in the city of Hengelo in the Netherlands, Drillmec’s team has started Rig Up, Commissioning and Site Acceptance Test of the HH-102AC Drillmec rig delivered to the new Dutch client Nouryon. The …
Caterpillar: Launches SPM Oil & Gas after Completing Weir Acquisition
Caterpillar Inc. (NYSE:CAT) has completed its acquisition of the Oil & Gas Division (“Weir Oil & Gas”) of the Weir Group PLC, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, SPM Oil & Gas will continue to produce a full line of pumps, flow iron, consumable parts, wellhead and pressure control …
Polarcus: Lenders Withdraw Support Of Ongoing Vessel Operations – Vessels to Sail for Safe Habour
Polarcus Limited refers to the announcements issued on 26 January 2021 concerning the enforcement of share pledges over the Former Subsidiaries. Capitalized terms in this announcement have the same meaning as given in those announcements. Since the earlier announcements, the Company has been in continuous dialogue with the Lenders and …
Baker Hughes and NOVATEK Partner to Develop Pioneering Lower Carbon Hydrogen Solution for LNG Trains
Baker Hughes and PAO NOVATEK have signed a cooperation agreement aimed at reducing carbon emissions from natural gas and liquefied natural gas (LNG) production. The two companies will cooperate on the development and implementation of innovative compression and power generation technology solutions from Baker Hughes for NOVATEK’s LNG projects, supporting …