TMK Successfully Completes USD 500 Million 7-year Eurobond Issue
TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces that it has closed a USD 500 million 7-year Eurobond issue with a coupon of 4. 30%. The coupon represents the lowest-ever USD yield achieved by a non-Investment Grade corporate from the CIS. …
Aberdeenshire-Based Paradigm Drilling Appoints New Managing Director
Aberdeenshire-based Paradigm Drilling Services has appointed a new managing director to boost growth in the global oil and gas market. Kevin Langan has spent 18 years in managerial positions with firms including Oilserv, Ulterra and Reed Hycalog, working in regions including Saudi Arabia, Norway, Libya, Ghana and Iraq. He has …
Derrick: Awarded 7 Rig Solids Control Packages for the INK Group
Derrick announces the award of a 7-rig solids control equipment package by Bentec, one of the world’s leading manufacturers of drilling rigs, for the drilling division of INK Group in Russia. INK specifically requested Derrick’s Hyperpool shale shakers and DE-7200 VFD centrifuges for the Bentec 320 t cluster-slider drilling rigs. …
CMP Launches New Quad Cable Cleat Range
Leading cable gland and cable cleat manufacturer, CMP Products, has launched its new quad cable cleat range ‘Saturn’ (QSDSS), which allows cables to be safely installed in quad formation. Designed and developed by CMP’s in-house R&D team, the Saturn quad cleat has a market-leading high short circuit rating of 152kA …
Nobel Oil Services Signed its First Contract in the Republic of Kazakhstan with Eureka Oleum
Nobel Oil Services has been awarded its first drilling related contract in the Republic of Kazakhstan with Eureka Oleum. Within the framework of the contract, Nobel Oil Services will undertake Drilling Project Management in one of Eureka Oleum’s oil fields. The contract involves supervision of drilling of deviated oil well …
Baker Hughes & C3.ai Release BHC3 Production Optimization™
Baker Hughes and C3.ai today announced the launch of BHC3 Production Optimization™, an AI-based application that allows well operators to view real-time production data, better project future production, and help optimize operations for improved oil and gas production rates. The application is the latest addition to the growing portfolio of …
First Battery-Powered Mini-Excavator from Wacker Neuson Wins SaMoTer Innovation Award
The first fully electric, battery-powered mini-excavator from Wacker Neuson, EZ17e, performs and handles just like a diesel-powered model. For this innovative development, the jury of the SaMoTer Innovation Award 2020 awarded the electric mini-excavator with the Innovation Award in the category hydraulic mini-excavators. Wacker Neuson is strengthening its position as an …
Sinopec Awards eDrilling Decision Support Software Contract
eDrilling has been awarded a contract by Sinopec for our real time optimization software. Sinopec is to integrate this into their own (Sinopec Sripe) Drilling Automation solutions. Sinopec Sripe is an affiliate of Sinopec Group – it is a drilling research and development organization, responsible for engineering strategy and deployment …
TMK Announces FY 2019 Operational Results
4Q 2019 shipments data is preliminary and may be adjusted. TMK, one of the world’s leading producers of tubular products for the oil and gas industry, announces its operational results for the fourth quarter and twelve months of 2019. The Group’s operational results include the operational results of the American division …
Schlumberger Announces Full-Year and Fourth-Quarter 2019 Results
Full-year worldwide revenue of $32.9 billion was flat year-on-year, with international revenue growth of 7% Full-year GAAP loss per share, including charges & credits, was $7.32 Full-year EPS, excluding charges & credits, was $1.47 Full-year cash flow from operations and free cash flow were $5.4 billion and $2.7 billion, respectively …