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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…

Revenue Leakage: A Cost of Doing Business or Ripe for Change?

Apr 29, 2019

Talk to any business leader in the oil and gas industry and they’ll likely tell you that revenue leakage is an unfortunate cost of doing business. It’s no secret, it’s just something that happens. And most CFOs don’t know that there are solutions…

Schlumberger Quarterly Profit Slides

Apr 18, 2019

Top oilfield services provider Schlumberger NV reported a 19.8 percent fall in quarterly profit on Thursday, hit by weak demand for its equipment and services from oil producers under pressure to rein in spending.Schlumberger said net income fell to $421 million…

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…

Unique Group Debuts New Survey USV

Apr 10, 2019

Unique Group, a provider of  services and solutions for the offshore, subsea and life support industries, has designed and developed its first Unmanned Surface Vehicle (USV) called Uni-Cat.With proven hydrographic survey capabilities, the Uni…

Gazprom Neft, Schlumberger Partner on Well Logging

Apr 05, 2019

Gazprom Neft and Schlumberger have agreed to enter technological cooperation in well logging. “Gazprom Neft is committed to developing its scientific, intellectual, staffing and technological capabilities, supporting a collaborative ecosystem and building an inclusive innovation-focused environment…

Shell Faces Lawsuit From Environmentalists

Apr 05, 2019

Environmentalist and human rights groups said on Friday they had started a lawsuit against Royal Dutch Shell in the Netherlands to force the energy firm to cut its reliance on fossil fuels.The groups, including Greenpeace and Friends of the Earth Netherlands…

GA Drilling Gets Capital Boost

Apr 01, 2019

Slovakia-based GA Drilling has received a boost to help develop, test and commercialize its innovative plug and abandonment (P&A) technology. The company has signed a £4.2 million ($4.7 million) funding agreement with Budapest based venture capital firm Lead Ventures…

Schlumberger, Rockwell Form Automation JV

Mar 21, 2019

Industrial automation and information company Rockwell Automation and oilfield services provider Schlumberger have teamed up to create what they're calling the first fully integrated digital oilfield automation solutions provider.The new Houston based joint venture…

ABS Explores Pathways to 2050 in Germany

Mar 20, 2019

ABS National Committee has met recently in Germany to explores pathways to 2050, automation and digital with German maritime leaders and offered insight on key challenges.Vessel automation, demystifying digital technologies and pathways to 2050…

Sercel Launches DAS Seismic Solution

Mar 20, 2019

Seismic equipment and reservoir monitoring instrument manufacturer Sercel has launched its first distributed acoustic sensing (DAS) seismic solution.SigmaWave, designed in partnership with DAS specialist Fotech Solutions, integrates Fotech’s…

Woodside Invests in Cyber Security

Mar 18, 2019

Australia's largest independent oil and gas company said it has invested in a Western Australian company specializing in the protection and security of critical infrastructure.Woodside will take a 10% shareholding in Sapien Cyber, subject to satisfaction of conditions precedent…

Urquhart Joins Reactive Downhole Tools

Mar 18, 2019

well completion solutions provider Reactive Downhole Tools announced MOnday it has appointed Niall Urquhart as VP Eastern Hemisphere.Urquhart brings to the position more than 10 years of experience in the oil and gas sector, including project engineer for Baker Hughes…

LR Chalks Out Energy Growth Strategy

Mar 13, 2019

Lloyd’s Register (LR), which ranks as one of the world’s largest providers of professional services for the engineering and technology sectors, has chalked out a new strategy for future growth in the energy market.The firm, which started out…

Intertek: Independent Hydrocarbon Lab in Iraq

Mar 10, 2019

Intertek launched the first independent crude oil, fuel testing and petroleum products laboratory in Iraq. The new hydrocarbon laboratory, located in the port of Khor Al Zubair, will support the increased demand for quality assurance solutions…

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