Seismic Firm PGS Below Second-Quarter Expectations But Outlook Improves
PGS’s April-June core operating earnings (EBITDA) rose to $136.0 million, below the $144 million expected by analysts in a Reuters poll, but up from $112.5 million in same quarter last year.
Baker Hughes To Sell Natural Gas Solutions Business For $375 Million
Baker Hughes agreed to sell in separate transactions its NGS product line to private-equity firm First Reserve and the product line’s Talamona branch in Italy to Pietro Fiorentini.
Tullow Oil To Shoulder Kosmos’ $65 Million Burden Over Ghana Rig Dispute
A London judge had ordered Tullow this month to pay rig owner Seadrill about $254 million, saying Tullow was wrong to end the contract on the grounds of force majeure over a maritime border dispute in West Africa.
Transocean Scoops Up 11-well Contract Offshore Australia
Transocean Ltd. (NYSE:RIG) has lined up an 11-well contract for the ultra-deepwater semisubmersible GSF Development Driller I, the company said July 17.
Q&A: Rice Energy Brothers Return To Oil And Gas
Daniel Rice recently spoke with Hart Energy about the Rice brothers’ new venture and life after the multibillion-dollar sale of Rice Energy last year.
Black Bay Closes $224 Million Inaugural Fund Focused On Oilfield Services
Black Bay Energy Capital is a private-equity firm investing in the North American oilfield service sector focused on investments of up to $30 million.
Prosafe Wins Contract By MODEC In Brazil
The contract value—which is not revealed—includes mobilization and demobilization.
TechnipFMC Lands Master Services Agreement From Petrobras In Brazil
This contract for subsea services covers components for both the subsea equipment and flexible pipelines.
Schlumberger CFO Simon Ayat Reportedly To Retire Soon
Company insider Stephane Biguet has emerged as top candidate to replace Schlumberger CFO Simon Ayat at the world's largest oil services firm, three people familiar with the matter told Reuters.
Tidewater To Buy GulfMark As Offshore Drilling Eyes Recovery
The deal allows U.S-based Tidewater to expand its presence in the U.K. North Sea basin, where a 30% jump in oil prices since the end of 2016 has boosted rates for operators.