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Asian Equipment News

 

NOV Warns Virus Fallout Could Hit Supply Chain

Feb 07, 2020

U.S. oilfield equipment supplier National Oilwell Varco on Friday called the coronavirus a 'wildcard' in the oil industry's outlook, with an extended outbreak potentially hurting access to Chinese-make materials and foreign sales.The Houston-based company said further shutdowns at its Chinese suppliers could limit its production of certain products such as fiberglass resins and drilling pipe.For now…

Sparrows' Cranes for Qatargas' North Field Platforms

Feb 19, 2020

UK-based offshore equipment specialist Sparrows Group has signed a deal for the delivery of three cranes for Qatargas' giant North Field offshore expansion project.Sparrows said Wednesday the contract was secured through McDermott International…

Replacement Turret for Lufeng FSO Completed

Jan 10, 2020

SOFEC said it has loaded out of the replacement turret for the floating storage and offloading unit (FSO) HYSY121 at the Lufeng field, in the South China Sea.The construction was completed at Penglai Jutal Offshore Engineering Heavy Industries Co…

Sulzer Expands in Southeast Asia

Oct 08, 2019

Rotating equipment services provider Sulzer said it has opened a new service center in Semenyih, Malaysia to offer specialist technical knowledge and support for all types of pumps, electrical equipment and turbomachinery for local industries including oil and gas…

Naquin Join HENDERSON

Aug 27, 2019

Drilling rigs and equipment firm HENDERSON said it has named Chris Naquin as senior business development manager.His job responsibilities will include building and maintaining relationships with drilling contractors to service their fabrication…

NOV Cuts Staff for Second Time This Year

Aug 20, 2019

Oilfield equipment and service provider National Oilwell Varco has begun trimming its workforce for the second time this year, two people familiar with the matter said this week, as oil producers cut spending budgets.The Houston, Texas-based…

Sparrows Secures Vendor Approval from Aramco

Jul 16, 2019

Aberdeen-based equipment and integrated engineering services company Sparrows Group said it has bolstered its position in Saudi Arabia after securing vendor approval status from national oil company Saudi Aramco.The approval allows recently formed local entity…

Aker Solutions Raises 2019 Forecasts

Apr 30, 2019

Norway's Aker Solutions ASA raised its 2019 revenue outlook on expected higher spending on the offshore oil services and reported better than expected first-quarter profits, lifting its shares on Tuesday.The upbeat sentiment on oilfield spending…

Baker Hughes Profits from Foreign Focus

Apr 30, 2019

Baker Hughes reported negative free cash flow for the first quarter at a time energy investors have been pushing companies to aggressively shore up capital for dividends and buybacks, sending its shares down as much as 8.5 percent.Oilfield service companies…

Voser Steps in as Interim CEO at ABB

Apr 18, 2019

ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation.Spiesshofer’s abrupt exit follows…

Talakar Named CEO of Siemens Oil & Gas

Apr 18, 2019

Arja Talakar has been appointed CEO of Siemens Oil & Gas, effective April 1, 2019. He will be based in Houston.Talakar brings to this position extensive leadership experience. Prior to taking this new role, he was responsible for Siemens Saudi Arabia…

Delta Controls Buys Emerson's Mobrey Range

Apr 01, 2019

UK based Delta Controls announced Monday it has signed an agreement to purchase the Mobrey line of measurement products manufactured in Slough, UK from U.S.-headquartered global technology and engineering company Emerson.Mobrey is a supplier of level products for the power…

Baker Hughes Adjusted Profit Surges 85%

Jan 31, 2019

Baker Hughes, General Electric Co's oilfield services arm, posted an 85 percent jump in adjusted quarterly profit on Thursday, boosted by surging demand for its services.Unlike rivals Schlumberger NV and Halliburton Co, Baker Hughes has less exposure to the North American pressure pumping sector…

Hornsea One Export Cable Installation Completed

Dec 11, 2018

The installation of export cables at the world's largest offshore wind farm, Hornsea One in the North Sea off the coast of England, has been completed several months ahead of schedule, Danish operator Ørsted announced Tuesday.With offshore export cables totaling 467km…

TechnipFMC Inks Deal with Chevron

Nov 14, 2018

TechnipFMC announced on Wednesday it has signed a five-year Surface Technologies Frame Agreement with Chevron to cover the exclusive supply of surface wellhead equipment and service in the U.S. and Canada.Richard Alabaster, President of TechnipFMC’s Surface Technologies business…

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