Service Companies & Manufactures

COMING SOON: Drillmec’s Webinars Series Designed For You Drillmec will be starting a series of client specific webinars and podcasts featuring products and know how to better serve you. The first two are showcasing a) the evolution and functioning of drawworks and b) the remote assistance services through new technology. …

Remote Training and Monitoring Procedures Enable Successful Installation Using a Restricted Crew. Weatherford International plc announced it successfully and remotely used a restricted crew to install a 16-inch liner hanger on an offshore platform in Sakhalin Island, Russia during the COVID-19 lockdown. Remote training and monitoring procedures enabled the successful …

CARBO Ceramics Inc. announced that it has emerged from Chapter 11 bankruptcy protection. This marks the successful and expeditious completion of CARBO’s financial restructuring process along with the implementation of the Company’s Plan of Reorganization (the “Plan”), which was confirmed by the U.S. Bankruptcy Court for the Southern District of …

Worldwide revenue of $5.4 billion decreased 28% sequentially International revenue of $4.1 billion decreased 19% sequentially North America revenue of $1.2 billion decreased 48% sequentially GAAP loss per share, including charges and credits of $2.52 per share, was $2.47 EPS, excluding charges and credits, was $0.05 Cash flow from operations …

Halliburton, Microsoft Corp. and Accenture today announced they have entered into a five-year strategic agreement to advance Halliburton’s digital capabilities in Microsoft Azure. Under the agreement, Halliburton will complete its move to cloud-based digital platforms and strengthen its customer offerings by: • Enhancing real-time platforms for expanded remote operations, • …

Reported net loss of $1.91 per diluted share • Adjusted net income of $0.05 per diluted share, excluding impairments and other charges • Cash flow from operating activities of $598 million and free cash flow of $456 million Halliburton Company announced today a net loss of $1.7 billion, or $1.91 …

In 2018, Cubility won the competitive tender process organized by Slavneft/BNGRE for new solids control equipment for their drilling rigs in the Eastern Siberia area, Russia. Cubility are now happy to announce that we are in the final stages of deploying MudCubes onto the drilling rig fleet of Slavneft/BNGRE. The …

Orders of $4.9 billion for the quarter, down 12% sequentially and down 25% year-over-year Revenue of $4.7 billion for the quarter, down 13% sequentially and down 21% year-over-year GAAP operating loss of $52 million for the quarter was favorable sequentially and unfavorable year-over-year. Adjusted operating income (a non-GAAP measure) of $104 million for the quarter, down 56% sequentially and …

TMK, one of the world’s leading producers of tubular products for the oil and gas industry (the “Group’), announces its operational results for the second quarter and first half of 2020. The Group’s results include the operational results of the Russian and European divisions represented by production assets located in Russia, …

Drillmec Manufactures Special 25 AVPHs Headed to India Twenty-five Drillmec AVPHs (Automatic Vertical Pipe Handlers) are currently under construction at Drillmec’s headquarters. The AVPH is the latest evolution of Drillmec’s pipe handling system products, combining automatic and offline drill string builds with safe and redundant operations. Over twenty-five years ago …