Service Companies & Manufactures

National Oilwell Varco, Inc. today reported first quarter 2020 revenues of $1.88 billion, compared to $2.28 billion for the fourth quarter of 2019 and $1.94 billion for the first quarter of 2019. Net loss for the first quarter of 2020 was $2.05 billion, which included non-cash, pre-tax charges (“other items”, …

PAO TMK, one of the world’s leading producers of tubular products for the oil and gas industry, further to its announcement on 8 April 2020 announces that the Central Bank of Russia (the “CBR”) has issued an order to amend the voluntary tender offer of “Volzhsky Pipe Plant”, Joint stock …

CGG GeoSoftware has released new versions of its Cloud-ready reservoir characterization and petrophysical interpretation software with features and functionality that enhance the user experience, improve capabilities, and offer greater flexibility. All applications across the entire GeoSoftware portfolio now run on both Azure and AWS platforms, enabling easy access to products …

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 first quarter of 2020. The Group’s results include the operational results of the Russian and European divisions represented by production assets located in Russia, Romania and Kazakhstan. …

DNV GL has issued an international call to oil and gas operators and the supply chain to pilot a methodology that will prove whether the data generated by digital twins can be trusted, and if the technology is delivering value. Companies manufacturing hardware across the oil and gas value chain …

Weatherford International plc (OTC Pink: WFTLF) today announced its Vero™ automated connection integrity has successfully completed 100 runs and 33,000 tubular connections in operations worldwide since its market debut. Vero applies artificial intelligence to minimize safety risks and validate well integrity from the wellhead to total depth. Since its launch …

Nabors Industries Ltd. announced today that all proposals presented at its special meeting held on Monday, April 20, 2020 were approved, including: (i) an amendment to Nabors’ share capital to effect a reverse stock split of its common shares at a ratio not less than 1-for-15 and not greater than …

TGS, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, has announced that it has completed the reprocessing of a 21,631-square kilometer regional 2D seismic survey offshore Sakhalin Island, in the Russian Sea of Okhotsk. The reprocessing has been undertaken with the support of TGS’ Russian …

Worldwide revenue of $7.5 billion decreased 9% sequentially and 5% year-on-year International revenue of $5.1 billion decreased 10% sequentially, but increased 2% year-on-year North America revenue of $2.3 billion decreased 7% sequentially and 17% year-on-year GAAP loss per share, including charges of $5.57 per share, was $5.32 EPS, excluding charges, …

Weatherford International plc provided an update today on its expected results for the first quarter of 2020 and announced its intention to delist from the New York Stock Exchange. FINANCIAL UPDATE Despite the challenging environment, the Company’s preliminary financial results improved during the first quarter of 2020 due to operational …