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Oil Related Services and Equipment

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Vallourec Vallourec Is Considering Divesting Its "Drilling Products" Business

Monday, 11 Dec 2017

Dec 11 (Reuters) - Vallourec Sa ::VALLOUREC : VALLOUREC IS CONSIDERING DIVESTING ITS "DRILLING PRODUCTS" BUSINESS.VALLOUREC - RECEIVED A BINDING OFFER FOR PURCHASE OF VALLOUREC DRILLING PRODUCTS BUSINESS, FOR A TOTAL CASH AMOUNT OF $63 MILLION.

CWC Energy Services Announces Management Changes

Monday, 11 Dec 2017

Dec 11 (Reuters) - CWC Energy Services Corp ::CWC ENERGY SERVICES CORP ANNOUNCES MANAGEMENT CHANGES.STUART KING HAS ACCEPTED POSITION OF CHIEF FINANCIAL OFFICER EFFECTIVE DECEMBER 11.SAYS CFO CRAIG FLINT RESIGNED.

Bristow Group Says Overall Liquidity Increases To About $496 Mln

Monday, 11 Dec 2017

Dec 11 (Reuters) - Bristow Group Inc ::BRISTOW GROUP INC SAYS AS OF DECEMBER 8, 2017, OVERALL LIQUIDITY OF COMPANY INCREASED TO APPROXIMATELY $496 MILLION - SEC FILING.BRISTOW GROUP INC - ALSO REAFFIRMS ITS GUIDANCE WITH RESPECT TO ENDING FISCAL YEAR 2018 LIQUIDITY IN RANGE OF $410 MILLION TO $450 MILLION.

Trican Announces First Half 2018 Capital Program

Monday, 11 Dec 2017

Dec 11 (Reuters) - Trican Well Service Ltd ::TRICAN ANNOUNCES FIRST HALF 2018 CAPITAL PROGRAM, UPDATES THE STATUS OF ITS NORMAL COURSE ISSUER BID AND PROVIDES AN OPERATIONAL UPDATE.TRICAN WELL SERVICE SAYS ANNOUNCES CAPITAL PROGRAM OF $44 MILLION FOR FIRST HALF OF 2018.

Trican Announces First Half 2018 Capital Program

Monday, 11 Dec 2017

Dec 11 (Reuters) - Trican Well Service Ltd ::TRICAN ANNOUNCES FIRST HALF 2018 CAPITAL PROGRAM, UPDATES THE STATUS OF ITS NORMAL COURSE ISSUER BID AND PROVIDES AN OPERATIONAL UPDATE.TRICAN WELL SERVICE LTD - EXPECTS MODEST H1 2018 CAPITAL PROGRAM WITH ALLOCATION OF $22 MILLION FOR MAJOR COMPONENTS.TRICAN WELL SERVICE LTD - PLEASED TO ANNOUNCE ITS CAPITAL PROGRAM OF $44 MILLION FOR FIRST HALF OF 2018.TRICAN WELL SERVICE LTD - TRICAN MAY STILL PURCHASE AN ADDITIONAL 28.6 MILLION COMMON SHARES OVER NEXT 10 MONTHS OF PROGRAM.TRICAN WELL SERVICE - NOT PLANNING TO BUILD OR GROW HYDRAULIC HORSEPOWER BEYOND CURRENT TOTAL FOOTPRINT OF 680,000 HHP.TRICAN WELL SERVICE - "Q3 STRONG ACTIVITY LEVELS CONTINUED INTO FIRST HALF OF Q4".TRICAN WELL SERVICE SEES LOWER OVERALL PROPPANT VOLUMES FOR Q4 VERSUS Q3 PROPPANT VOLUMES OF 563,000 TONNES.TRICAN WELL - DURING OCTOBER AND NOVEMBER TRICAN PROPPANT VOLUMES WERE ABOUT 310,000 TONNES.TRICAN WELL - "CONTINUE TO HAVE VISIBILITY FOR SIGNIFICANT FIRST HALF 2018 DEMAND".

Solaris Announces Acquisition Of Railtronix

Monday, 11 Dec 2017

Dec 11 (Reuters) - Solaris Oilfield Infrastructure Inc ::SOLARIS ANNOUNCES ACQUISITION OF RAILTRONIX – EXPANDING SUPPLY CHAIN DIGITALIZATION CAPABILITIES.SOLARIS OILFIELD INFRASTRUCTURE INC - TRANSACTION EXPECTED TO BE ACCRETIVE TO SOLARIS' EARNINGS PER SHARE IN 2018.SOLARIS OILFIELD INFRASTRUCTURE INC - SOLARIS FUNDED ACQUISITION WITH AVAILABLE CASH AND THROUGH ISSUANCE OF CLASS B SHARES.SOLARIS OILFIELD INFRASTRUCTURE - CONCURRENT WITH TRANSACTION, CO CREATED NEW UNIT, SOLARIS OILFIELD TECHNOLOGIES LLC, WHICH WILL INTEGRATE THE 2 PLATFORMS.

Dolphin Offshore Enterprises India Posts Sept-Qtr Loss

Monday, 11 Dec 2017

Dec 11 (Reuters) - Dolphin Offshore Enterprises India Ltd ::SEPT QUARTER LOSS 29.3 MILLION RUPEES VERSUS PROFIT 29.5 MILLION RUPEES YEAR AGO.SEPT QUARTER REVENUE FROM OPERATIONS 138 MILLION RUPEES VERSUS 216 MILLION RUPEES YEAR AGO.

Aker Solutions wins Aker BP field production systems deal

Monday, 11 Dec 2017

Dec 11 (Reuters) - Aker Solutions Asa ::AKER SOLUTIONS TO PROVIDE SUBSEA PRODUCTION SYSTEM FOR AKER BP'S ÆRFUGL.‍WAS AWARDED A CONTRACT FROM AKER BP TO DELIVER SUBSEA PRODUCTION SYSTEM FOR FIRST PHASE OF ÆRFUGL DEVELOPMENT OFFSHORE NORWAY​.‍AWARD WAS MADE ON BEHALF OF SKARV UNIT AND IS SUBJECT TO GOVERNMENT APPROVAL OF PLAN FOR DEVELOPMENT AND OPERATION (PDO) OF ÆRFUGL (PREVIOUSLY KNOWN AS SNADD)​.‍SUBSEA SYSTEM WILL INCLUDE WELLHEADS, VERTICAL SUBSEA TREES, A TIE-IN MODULE AND AN UMBILICAL RISER BASE. CONTRACT INCLUDES AN OPTION FOR ÆRFUGL PHASE 2.​.‍ÆRFUGL IS A GAS CONDENSATE FIELD ABOUT 210 KILOMETERS OFFSHORE SANDNESSJØEN IN NORWAY. IT WILL BE CONNECTED BACK TO SKARV FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL OPERATED BY AKER B​.‍ÆRFUGL IS A GAS CONDENSATE FIELD ABOUT 210 KILOMETERS OFFSHORE SANDNESSJØEN IN NORWAY. IT WILL BE CONNECTED BACK TO SKARV FLOATING PRODUCTION, STORAGE AND OFFLOADING VESSEL OPERATED BY AKER BP​.‍FIRST PHASE OF ÆRFUGL INCLUDES THREE PRODUCTION WELLS AND IS SCHEDULED TO START IN Q4 OF 2020​.‍PARTIES AGREED TO NOT DISCLOSE FINANCIAL VALUE OF CONTRACT, WHICH WILL BE BOOKED IN FOURTH-QUARTER ORDERS​.

Honghua Group Expects Loss For Year Ended 31 Dec. 2017 To Increase By About 100%

Friday, 8 Dec 2017

Dec 8 (Reuters) - Honghua Group Ltd <0196.HK>::LOSS FOR YEAR ENDED 31 DECEMBER 2017 IS EXPECTED TO INCREASE BY ABOUT 100%.EXPECTED RESULT ‍DUE TO CONTINUOUS LOSS IN OFFSHORE SEGMENT & IMPAIRMENT PROVISION MADE FOR ASSETS WITH SIGNIFICANT RISK OF IMPAIRMENT.

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