Weatherford Announces Second Quarter 2023 Results and Raises Full-Year Outlook
Revenues of $1,274 million increased 7% sequentially, driven by international revenue growth of 12% Operating income of $201 million increased 9% sequentially Net income of $82 million increased $10 million sequentially; net income margin of 6.4% Adjusted EBITDA* of $291 million increased 8% sequentially; adjusted EBITDA margin* of 22.8% Cash …
8th KDR Well Engineering Forum Travels to Aktau in 2023!
After returning “onsite” to Astana for the first time since the pandemic in November last year, the team have been working on a quick turnaround and KDR 2023 will go “on the road” for the first time since our launch in 2015. We will be hosting the forum on the …
New Achievements in Multilateral Drilling and Completions in Western Siberia, Part 1
CJSC “Investgeoservice” Damir Tuktarov, General Director; CJSC “Investgeoservice” Artur Gulov, Project Manager; JSC “NOVATEK” Evgeny Glebov, Deputy Director, Technology Department of Boreholes Technologies and Supervising; JSC “NOVATEK” Ivan Shokarev, Deputy Head, Technology Department of Downhole Borehole Technologies and Supervising; LLC “NOVATEK-Yurkharovneftegas” Alexander Kurasov, Deputy General Director – Drilling, Head of …
Baker Hughes & Halliburton: HAL – To Divest – Expandable Liner Hangers, BH – To Divest – Core Completions
Today we announced that Halliburton and Baker Hughes will market for sale additional businesses in connection with Halliburton’s pending acquisition of Baker Hughes. On the Halliburton side, we intend to divest our expandable liner hangers business, which falls within the Completion & Production Division. Baker Hughes intends to divest its …
TNK-BP Dual Completion: Unlocking Hidden Potential
Studies by the Tyumen Petroleum Research Centre (TNNC) show that TNK-BP is failing to take full advantage of the major benefits that could be gained by applying dual completion (DC) technology at its oil fields. Each of the Company’s target subsidiaries (TS) has encountered its own specific difficulties when it …
Tendeka’s Norwegian Activity Continues to Surge
Tendeka, the provider of completions and reservoir monitoring products and services to the upstream oil and gas industry, has seen increased activity in Norway, following on from its recently announced frame agreement with Statoil. The contract,secured with the Norwegian oil giant, is for the provision of sand screens and inflow …