Trican Well Services: In Talks to Sell US Pressure Pumping Business to the Keane Group
Trican Well Service Ltd. announces that it is in negotiations with Keane Group, a privately-held, U.S. based well completion services company (the “Purchaser”) for the sale of Trican’s United States pressure pumping business. Although talks are progressing, significant terms and conditions are still under negotiation. Accordingly, there can be no …
Rosneft: Q3 Results – Production Up 1.4%, Drilling Up 32.6%
Upstream – Daily HC production increased by 1.4% up to 5.14 mboed in 9M 2015 – Increase in drilling meterage by 32.6% in 9M 2015. Share of horizontal wells in total fund exceeded 30% – Fourfold growth rate of 2D seismic resulted from active works in Arctic region – Sustainable …
Rosneft Acquires a Russian Oilfield Service Company from Trican Well Service Ltd.
A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. signed a framework agreement and ancillary documents, pursuant to which a Rosneft subsidiary agreed to acquire a 100% shareholding in Trican Well Service LLC, which provides high-quality pressure pumping services focused on enhancement of production within …
Trican Reports Second Quarter Results for 2015
Consolidated revenue for the second quarter of 2015 was $230.6 million, a decrease of 57% compared to the second quarter of 2014. The adjusted loss was $85.3 million and adjusted diluted loss per share was $0.57 compared to an adjusted loss of $36.2 million and adjusted diluted loss per share …
Trican Reports First Quarter Results for 2015 and Announces Suspension of the Dividend
FIRST QUARTER HIGHLIGHTS Consolidated revenue for the first quarter of 2015 was $476.1 million, a decrease of 26% compared to the first quarter of 2014. The adjusted loss was $60.3 million and adjusted diluted loss per share was $0.40 compared to an adjusted loss of $8.7 million and adjusted diluted …
Trican Halts Dividend Payment
Trican Well Service Ltd. announces that it is suspending the Corporation’s dividend until further notice. Since May 2006 the Corporation has maintained a dividend policy of paying dividends on a semi-annual basis. Since February 2012 this semi-annual dividend has been in the amount of $C 0.15 per share. However, given …
Technology Roundtable: Unconventional Oil
Russia is starting to develop its unconventional reserves with pilot projects and longer term plans in place. How do you see the current state of the unconventional sector in Russia and how quickly do you think full scale unconventional development in the region will take place? Weatherford: It is difficult …
Dan Doll, General Director of Trican Well Services, Speaks To ROGTEC Magazine
Dan Doll is the General Director of Trican Well Service in Russia. Mr. Doll joined Trican as Executive Director, Operations in 2011, and is now responsible for Trican’s overall operations in Russia. Mr. Doll is a professional engineer with 20 years experience in the pressure pumping industry. He began his …
Technology Roundtable: Coiled Tubing
Coiled tubing has become increasingly popular in Russia in recent years. What is the current level of utilization at the moment? Baker Hughes: Current market data estimates a CT unit count of roughly 250 in Russia & the CIS, which is up 24 units from the 2012 count of 226. …
TNK-BP Applies Improved Multistage Hydraulic Fracturing Technology to Boost Well Performance in West Siberia
TNK-BP has become the first company in Russia to apply a unique improved multi-stage hydraulic fracturing technology to develop hard-to-recover reserves at mature fields in West Siberia, thereby reducing well completion cycle and costs. TNK-BP is implementing a comprehensive programme to boost production performance of its mature fields in West …