services

Top oilfield services firms signal fourth-quarter uncertainty

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(Reuters) – The world’s top two oilfield service firms on Friday warned slower producer spending and weakness in offshore exploration may weigh on current-quarter earnings, but said activity could improve in the longer term as the global crude market comes into balance. FILE PHOTO: The exterior of the Schlumberger Corporation headquarters building is pictured in Read More

Essential Energy Services 2017 Third Quarter Financial Results Conference Call and Webcast Details

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CALGARY, Alberta, Oct. 19, 2017 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX:ESN) (“Essential”) intends to release its 2017 third quarter financial results on November 8, 2017 and has scheduled a conference call and webcast at 10:00 am MT (12:00 pm ET) on November 9, 2017. The conference call dial in numbers are 416-340-2217 or Read More

IBM's revenue beats estimates on cloud, security services

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(Reuters) – International Business Machines Corp (IBM.N) handily beat analysts’ quarterly revenue estimates on Tuesday as the technology company’s shift to cloud and security services gains traction. Shares of the company rose 3 percent to $151 in extended trading. They had dropped nearly 12 percent this year. Under Chief Executive Ginni Rometty, IBM has in Read More

Drillform Technical Services Debuts Bulldog 90 Automated Floor Wrench Product Video

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CALGARY, Alberta, Oct. 17, 2017 (GLOBE NEWSWIRE) — Drillform Technical Services Ltd. announces commercial availability of its Bulldog 90 Automated Floor Wrench, an iron roughneck that provides superb performance, automation, and operational efficiency for drilling rigs. “Drillform is dedicated to bringing technically advanced & practical equipment design to the oil & gas industry, and our Read More

EnerMech secures hose supply, services contract for Shell's Prelude Australia Project

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10/16/2017 MELBOURNE — Global engineering and maintenance services provider, EnerMech, has been awarded a five-year contract for hose and hose fittings supply and services for Shell’s Prelude FLNG Facility in Western Australia. The Prelude FLNG contract will be administered from EnerMech’s Henderson base in Perth while engineering and service support will be provided from regional Read More

Positive signs for oilfield services sector as U.S. onshore market set to grow, Westwood says

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10/12/2017 ABERDEEN — Westwood Global Energy Group, energy market research consultancy, has published a new market outlook for the U.S. drilling and completion market for the period from 2018 to 2022. The report is the result of a collaboration between Westwood’s expert oilfield services team and its most recent acquisition, U.S. energy market research company, Read More

GE Capital Aviation Services acquires 747-8 freighter from Boeing Capital

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Oct 12 (Reuters) – GE Capital Aviation Services: * GE Capital Aviation Services says acquired 747-8 freighter (MSN 63378) from Boeing Capital; will continue existing aircraft lease with airbridgecargo Source text (bit.ly/2yjm94P) Further company coverage: Read More

Patterson-UTI Energy completes acquisition of MS Energy Services

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10/12/2017 HOUSTON –Patterson-UTI Energy, Inc. announced today that it has closed the previously announced acquisition of Multi-Shot, LLC, doing business as MS Energy Services. Total consideration for the acquisition included approximately 8.8 million shares of stock and $75 million of cash, which valued the transaction at approximately $262 million based on the most recent closing Read More

Petrofac, Gazprom Neft sign master services agreement for engineering services in Iraq

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The MSA was secured following a competitive tendering process and augments Petrofac’s extensive footprint in Iraq, where it has been providing engineering, operations, maintenance and training services since 2010.     Gazprom Neft has been Operator of Garmian field since early 2016.  Through the provision of engineering services Petrofac aims to support the planned brownfield works Read More

Ankara suspends visa services in Washington in tit-for-tat response to US

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Published time: 8 Oct, 2017 21:18 Edited time: 8 Oct, 2017 21:26 The Turkish authorities said they are suspending all non-immigrant visa services provided by the Turkish mission facilities based in Washington as a countermeasure to a similar decision by the US announced just hours before. “Recent events have forced the Turkish government to reassess Read More