Service Companies & Manufactures

Saipem and Daewoo E&C Co. Ltd have signed a strategic agreement for cooperation on targeted worldwide opportunities in the onshore oil and gas industry, with specific emphasis on the LNG sector.  By combining both companies’ assets and expertise in engineering, procurement and construction of onshore facilities, the two companies will …

Parker Drilling Company today announced results for the third quarter ended September 30, 2019, which included a net income of $4.0 million, or diluted earnings of $0.27 per share, on revenues of $160.1 million. Third quarter Adjusted EBITDA was $36.6 million (1). Gary Rich, the Company’s President and CEO, said, “Despite the …

Premium Oilfield Technologies announced today that it has executed agreements to buy Global Drilling Support “GDS” (www.globaldrillingsupport.com). The acquisition of certain of the GDS entities is closed and was effective immediately as of October 31, 2019, and the acquisition of a smaller operation of GDS is part of a separate …

Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces its preliminary results for the year ending 30 June 2019. Financial and Corporate Overview Following the completion on 1 February 2018 of the sale of Plexus’ wellhead …

Weatherford International plc announced it has signed two contracts totaling $67.4 million for drilling services with two major operators in Russia. The first contract spans two-and-a-half years. Operations began in July 2019 and will last through the end of 2022. Weatherford will provide logging-while-drilling (LWD), measurement-while-drilling (MWD), rotary steerable systems …

GEA centrifugal separators for conventional and non-conventional crude oil treatment Thanks to technological progress and the development of new oil reserves, crude oil will remain the most important source of energy and raw material for the global economy in the coming decades. According to Statista the global oil production has …

Fluor Corporation announced today that its consortium with the Branch of KMG Engineering LLP KazNIPImunaigas was awarded a three-year engineering services agreement, plus two potential one-year extensions, by Karachaganak Petroleum Operating B.V. (KPO) for projects at its Karachaganak Field in Kazakhstan. Fluor booked the undisclosed contract value in the third quarter …

Baker Hughes Company announced results today for the third quarter of 2019.   Three Months Ended   Variance (in millions except per share amounts) September 30,2019 June 30,2019 September 30,2018   Sequential Year-over-year Orders $   7,783   $   6,554   $   5,746     19 % 35 …

Royal Boskalis Westminster N.V. (Boskalis) has completed the sale of its equity stake in Saam Smit Towage to SAAM S.A. (SAAM). The intended sale was announced on 11 February 2019. In line with the initial announcement, Boskalis received approximately USD 200 million in cash for its equity stake in the …

Nabors Industries Ltd. (“Nabors” or the “Company”) (NYSE: NBR) today reported third quarter 2019 operating revenues of $758 million, compared to operating revenues of $771 million in the second quarter.  Net income from continuing operations attributable to Nabors common shareholders for the quarter was a loss of $123 million, or $0.37 …