OneSubsea, a Schlumberger company, has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract for a subsea multiphase boosting system by TAQA for the Otter field in the UK North Sea. OneSubsea leverages Cameron flow control, process technologies and m...
reported second quarter 2017 earnings of $1.14 per diluted share, compared to $1.15 per share in the second quarter of 2016. Excluding Special Items, second quarter 2017 earnings per diluted share were $1.17, compared to $1.21 per share in the second quarter of 2016.
The tight oil sector has struggled to generate positive cash flow since 2010. Last year, only one company in the sector posted positive cash flow. But there is light at the end of the tunnel. Wood Mackenzie’s
When will tight oil make money?
" calculates that the five largest tight oil...
According to the American Chemistry Council (ACC), the U.S. Chemical Production Regional Index (U.S. CPRI)
by 0.3% in June, following a 0.3% gain in May, and a 0.4% decline in April, as measured on a three-month moving average (3MMA) basis. During June, output grew in all regions except t...
The Conference Board Consumer Confidence Index, which had declined marginally in June (a downward revision),
improved in July
. The Index now stands at 121.1, up from 117.3 in June. The Present Situation Index increased from 143.9 to 147.8, while the Expectations Index rose from 99.6 last month to 103...
July data revealed a further acceleration in business activity growth across the U.S. private sector. At 54.2, up from 53.9 in June, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index signaled the strongest rate of expansion since January.
ValvTechnologies was recently awarded a major project to supply isolating valves to Aberthaw Power Station which is owned and operated by RWE npower in the United Kingdom.The new valves will be used in the feed water system of the power plant.