Tag: Oil Field Services
National Oilwell Varco reports Q3 net income of $155 million
National Oilwell Varco Q3 2015 revenues were $3.31 billion, down 15% from Q2 and 41% from Q3 2014 HOUSTON – National Oilwell Varco, Inc. today reported that for its third quarter ended Sept. 30 it earned net income of $155 million or $0.41 per fully diluted share, compared to second quarter ended June 30, 2015 net income of $289 million, or $0.74 […]
Oil field service equipment scooped for bargain prices during downturn
Las Vegas-based First Titan says market for used oil field equipment will be huge when industry turns around First Titan Corp. believes it has found a lucrative new source of future revenues and is pursuing opportunities in a market some are abandoning: oil field services. Oversupply and falling demand have the oil and gas industry mired in a […]
Schlumberger, Cameron merge in oil field blockbuster deal
Combined company had 2014 pro forma revenue of $59 billion Schlumberger is buying Cameron in a cash-and-stock deal valued at about $12.71 billion that would create an oilfield equipment and service powerhouse. Cameron was the maker of the blowout preventer on the ill-fated Deepwater Horizon rig, which was rocked by an explosion and fire in 2010 […]
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