News Article | May 22, 2017
Houston, Texas headquartered Baker Hughes Inc.'s stock finished last Friday's session 1.91% higher at $58.22. A total volume of 2.62 million shares was traded, which was above their three months average volume of 2.49 million shares. The Company's shares are trading above their 200-day moving average by 1.27%. Additionally, shares of Baker Hughes, which supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide, have a Relative Strength Index (RSI) of 46.55. On May 02nd, 2017, Baker Hughes announced the commercial release of its Dynamus™ extended-life polycrystalline diamond compact drill bit, which can significantly reduce drilling costs by eliminating trips to replace bits or bottomhole assembly tools that wear out in high, horsepower-drilling operations. The Dynamus bit is built on a robust frame that incorporates stabilizing elements to prevent lateral vibrations as well as proprietary cutters engineered to minimize wear. Visit us today and download your complete report on BHI for free at: On Friday, shares in Atlanta, Georgia headquartered RPC Inc. ended the session 5.81% higher at $20.03. The stock recorded a trading volume of 1.96 million shares. The Company's shares have gained 12.09% in the last one month and 1.11% on an YTD basis. The stock is trading 9.74% above its 50-day moving average and 8.78% above its 200-day moving average. Moreover, shares of RPC, which provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the US, Africa, Canada, Argentina, China, Mexico, Eastern Europe, Latin America, and Middle-East, have an RSI of 66.37. On April 26th, 2017, RPC Inc. announced its unaudited results for the first quarter ended March 31st, 2017. Revenues were $298.1 million during the quarter, operating profit was $1.6 million, net income was $3.6 million, and EBITDA was $46.4 million. Cost of revenues for Q1 2017 was $216.2 million; selling, general and administrative expenses were $37.2 million; and income tax benefit was $1.8 million. The complimentary research report on RES can be accessed at: The Woodlands, Texas headquartered TETRA Technologies Inc.'s shares jumped 6.81%, closing the session at $3.45 with a total trading volume of 730,700 shares. The stock is trading 5.64% below its 50-day moving average. Shares of the Company, which together with its subsidiaries, operates as a diversified oil and gas services company, have an RSI of 50.72. On May 10th, 2017, TETRA Technologies announced first quarter 2017 results. Consolidated net loss per share for Q1 2017 was $0.02; adjusted loss per share, excluding Maritech and special items, was $0.10; and revenue was $168 million. The Company also reported an increase of 14% in fluids revenue, production testing loss before taxes of $2.1 million, and consolidated net cash used by operating activities of $20.5 million for the quarter. Register for free on Stock-Callers.com and download the PDF research report on TTI at: Last Friday at the close, shares in Houston, Texas headquartered Dril-Quip Inc. recorded a trading volume of 583,076 shares, which was above their three months average volume of 561,940 shares. The stock ended the session 1.32% higher at $53.55. The Company's shares have advanced 3.18% in the past month. The stock is trading above its 50-day moving average by 1.69%. Furthermore, shares of Dril-Quip, which together with its subsidiaries, designs, manufactures, sells, and services offshore drilling and production equipment for use in deepwater, harsh environment, and severe service applications worldwide, have an RSI of 58.20. On May 01st, 2017, research firm Barclays downgraded the Company's stock rating from 'Overweight' to 'Equal Weight' while revising its previous target price from $77 a share to $57 a share. On May 02nd, 2017, Dril-Quip announced that it was presented with two Spotlights on New Technology Awards at the 2017 Offshore Technology Conference in Houston on May 01st, 2017 for its BigBore-IIeTM Wellhead System and its DXeTM Wellhead Connector. The Spotlight on New Technology Awards showcases new and advanced technologies that are leading the industry into the future. Get free access to your research report on DRQ at: Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. 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News Article | May 2, 2017
Mexico has implemented government regulations to advance its energy reforms regardless of the oil-price slump, Aldo Flores Quiroga, Mexico’s deputy secretary of energy for hydrocarbons, said during a May 1 speech at the Offshore Technology Conference in Houston.
News Article | May 1, 2017
InfoChip will be launching its next generation TESSALink asset management software at the Offshore Technology Conference on May 1, 2017. This platform uses the latest technologies, mobile applications, cloud reporting and rugged RFID to create incredible efficiencies in equipment inspections, tracking and predictive maintenance. TESSALink’s intelligence is fueled by a scalable big-data analytical engine, which predicts product lifespan and appropriation, and also allows field workers access to real-time safety data. “For the past fifteen years, the InfoChip software team has listened to our customers and evolved to accommodate the needs of asset managers and inspection teams in the EHS arena,” said InfoChip President Mike Stradinger. “TESSALink is the next big step to provide our clients with a leap forward in functionality, flexibility and business intelligence. Adoption is easy with our smartphone apps and out-of-the-box industry forms. Reliable field synchronization ensures accurate data, and granular user control makes sure the right people perform the right work. This extends to the operator’s ecosystem of suppliers, testing teams and manufacturers alike. We’ve discovered that it takes a team to properly transition into a digital EHS environment”. Headquartered in Houston, TX, InfoChip develops leading asset tracking and safety compliance software, rugged RFID and industry-focused content. With over 40,000 users, InfoChip ecosystems share critical data between equipment users, service companies and manufacturers. TESSALink is designed to withstand harsh environments and thrives in oilfields and construction sites. Solutions are also offered for small organizations seeking an alternative to paper or spreadsheet-based safety management.
News Article | May 1, 2017
Softweb Solutions will be presenting its augmented reality expertise at the Offshore Technology Conference on May 1-2, 2017.
News Article | May 3, 2017
The oil and gas industry is learning its role in a digital disruption that for oil companies has involved primarily equipment sensors and big data analysis, but producers still have much to learn from other industries, speakers told a session May 3 at the Offshore Technology Conference in Houston.
News Article | May 2, 2017
The Australian Photovoltaic Institute (APVI), with data from the Clean Energy Regulator, says the country has a new solar energy record. There are now 6GW of solar power across the country, enough to meet the electricity needs of 1.3 million households. Solar power now makes up 11 per cent of our country’s total electricity generation capacity,” APVI chair Renate Egan said in a statement. In addition, Ms Egan said more solar photovoltaic energy entered the system in 2016 than any other fuel. March saw 6,845 small-scale systems installed nationally with installation rates for March tracking higher than February’s. Power: Vogtle, V.C. Summer Project Owners Buy More Time to Mull Fate of Nuclear Units The owners of the Vogtle and V.C. Summer nuclear expansions separately secured a few more weeks to allow work to continue onsite at each project while they decide how to proceed with the half-built AP1000 reactors after Westinghouse’s financial debacle. In Georgia, owners of the project to expand Plant Vogtle extended an interim assessment agreement with Westinghouse until May 12. But Georgia Power’s parent company Southern Co. also revealed it is negotiating a new service agreement that could engage Westinghouse to provide design, engineering, and procurement services in the event Southern Nuclear Operating Co.—Southern Co.’s nuclear unit operations arm—takes over management of construction at Units 3 and 4. And in South Carolina, owners of the project to expand V.C. Summer extended a similar agreement through June 26. The project owners detailed their concerns and options in a recent ex parte briefing at the South Carolina Public Service Commission (PSC) The state's utilities on Monday set in motion a first-of-its-kind procurement for 1,600 megawatts of offshore wind power by asking Massachusetts regulators to approve a bid process that gives companies some flexibility in setting the size of their projects while requiring them to price out two very different approaches to delivering the electricity to the mainland. The draft request for proposals, or RFP, also raises the possibility that Massachusetts could invite a Rhode Island utility and the state of Connecticut to participate in the solicitation. Legislation authorizing the offshore wind power procurement was approved in 2016. The law allows the state’s utilities to sign contracts for 1,600 megawatts of offshore wind power over the next 10 years. The power price is required to drop with each successive contract. The contracting process is being run by the state’s utilities – Eversource, National Grid, and Unitil – and being monitored by the Baker administration, Attorney General Maura Healey, and the Department of Public Utilities. The three companies vying for offshore wind contracts off the coast of Martha’s Vineyard have very different views about the size of the initial power contract, but have been united in their belief that each firm should build its own transmission line to the mainland. The draft RFP accommodated the varying views on contract size, while leaving the door open to an alternative approach on the transmission line. On the stage of the Offshore Technology Conference, flanked by men and women who work on offshore oil and gas platforms, Secretary of the Department of the Interior Ryan Zinke today signed two secretarial orders aimed at unleashing America’s offshore energy potential and growing the U.S. economy. The first order implements President Trump’s Executive Order signed Friday and directs the Bureau of Ocean Energy Management (BOEM) to develop a new five-year plan for oil and gas exploration in offshore waters and reconsider a number of regulations governing those activities. The second order establishes a new position – Counselor to the Secretary for Energy Policy – to coordinate the Interior Department’s energy portfolio that spans nine of the Department’s ten bureaus. Secretary Zinke told industry representatives at the annual Offshore Technology Conference in Houston. "We will conduct a thorough review of the Outer Continental Shelf (OCS) for oil and gas exploration and listen to state and local stakeholders. We also will conduct a thorough review of regulations that were created with good intentions but have had harmful impacts on America's energy security."
News Article | April 27, 2017
SYRACUSE, N.Y.--(BUSINESS WIRE)--Power management company Eaton announced today it has developed the first clamping enclosure technology for hazardous areas to help oil and gas and other industrial customers dramatically enhance safety and improve productivity. Eaton’s Crouse-Hinds® series EBMX enclosure technology is a major product advancement in traditional explosion-proof enclosures. The technology is also the first National Electrical Manufacturers Association (NEMA) 7 classified enclosure to use clamping technology. The Eaton clamped enclosures are designed to automatically apply even pressure across the flame path between the cover and body. This design enhances safety by reducing installation errors due to missing or improperly torqued bolts. The EBMX technology is designed for explosion-proof enclosures operating in harsh and hazardous locations. “With our new clamped enclosure technology, customers can enhance safety by reducing the risk of installation errors,” said Craig Atwater, senior vice president and general manager, Americas, Eaton’s Crouse-Hinds Division. “Without compromising personnel or equipment protection, the EBMX enclosures also enable customers to open and close enclosures 97 percent faster than traditional bolted solutions, increasing speed for installation, maintenance and troubleshooting. The EBMX enclosure is part of Eaton’s portfolio of electrical solutions for harsh and hazardous environments that help enhance safety and reduce risk by design.” Eaton will display the new EBMX clamped enclosure technology at the 2017 Offshore Technology Conference (OTC) May 1 to 4 at NRG Park in Houston, booth #539. Attendees can learn how Eaton helps lower cost of ownership and enhances safety through innovative electrical and industrial solutions and advanced techniques. The EBMX enclosure is designed for motor control devices, including starters, combination starters, disconnect switches and circuit breakers. Eaton’s enclosure is rated for 65,000 ampere interrupting capacity (KAIC) at 480 volts and meets Underwriters Laboratories® (UL) 1203 standard for explosion-proof and dustproof equipment for use in hazardous locations. The equipment also meets National Electrical Code® (NEC) and Canadian Electrical Code (CEC) requirements and is built to withstand extreme temperatures from -50 to 60 degrees Celsius. To learn more about Eaton’s Crouse-Hinds series enclosure technology, visit www.eaton.com/crouse-hinds. Eaton offers a range of Crouse-Hinds series cable fittings, enclosures, plugs and receptacles, industrial lighting fixtures, signals and alarms, and electronic components designed for the most demanding environments. These products serve customers in the industrial and manufacturing, mining, oil and gas, solar, infrastructure and other markets. Eaton’s electrical business is a global leader with expertise in power distribution and circuit protection; backup power protection; control and automation; lighting and security; structural solutions and wiring devices; solutions for harsh and hazardous environments; and engineering services. Eaton is positioned through its global solutions to answer today’s most critical electrical power management challenges. Eaton is a power management company with 2016 sales of $19.7 billion. We provide energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Eaton has approximately 95,000 employees and sells products to customers in more than 175 countries. For more information, visit Eaton.com.
News Article | April 27, 2017
HOUSTON, April 27, 2017 (GLOBE NEWSWIRE) -- Frank’s International N.V. (NYSE:FI) (Frank’s) will demonstrate the SKYHOOK™ Wireless Cement Line Make Up Device May 1-4, 2017, in Booth 1127 at the NRG Center as part of the 2017 Offshore Technology Conference (OTC 2017) taking place in Houston, Texas. The SKYHOOK™ is an award-winning, revolutionary solution for remotely connecting high pressure pumping lines during cementing operations, improving both safety and efficiency. Live technical presentations will take place at 1:30 p.m. each day of the exhibition in the Frank’s booth (1127). The SKYHOOK™ eliminates the need for hands-on intervention high in the derrick during cementing operations, which increases efficiency and eliminates the dangerous potential for falls. When using the SKYHOOK™, operational flow-line make up time is reduced from half an hour to mere minutes and cementing operations can continue in even extreme weather conditions. In October 2016, the SKYHOOK™ was awarded the New Technology of the Year Award at the Texas Oil and Gas Awards, following its first field deployment in September 2016 in the Gulf of Mexico. The SKYHOOK™ was patented and developed by Blackhawk Specialty Tools (Blackhawk) and is part of a technologically-advanced specialty cementing suite of products that complements the Frank’s tubular running services portfolio, allowing Frank’s to offer customers integrated well construction solutions, as well as well intervention and completions solutions, across land, shelf, and deepwater applications. In addition to the SKYHOOK™, Frank’s will highlight proprietary drilling technologies that help optimize the drilling practice in extended reach wells, while preventing failures, reducing overall costs, and preserving well integrity. These include the patented Harmonic Isolation Tool (HI Tool®), and the Drill String Torque Reducer (DSTR™) sub. Frank’s non-marking Fluid Grip® tong will also be featured. OTC was founded in 1969, and is widely acknowledged as the largest annual oil and gas industry event in the world, attracting attendees from 100 countries. “OTC offers a valuable opportunity to showcase our latest technologies to a knowledgeable industry audience,” remarked Frank’s President and CEO Douglas Stephens. “This year, we are proud to feature new solutions that not only facilitate the most complex completions, but save time and money while enhancing safety on the rig.” Frank’s International, N.V. is a global oil services company that focuses on complex and technically demanding wells by providing a broad and comprehensive range of highly engineered tubular running services, tubular fabrication, and specialty well construction and well intervention solutions. Founded in 1938, Frank’s International has approximately 3,000 employees and provides services to exploration and production companies in onshore and offshore environments in approximately 60 countries on six continents. Frank’s International common stock is traded on the NYSE under the symbol “FI.” Additional information is available on www.franksinternational.com.
News Article | December 19, 2016
WASHINGTON, United States--(BUSINESS WIRE)--The Marketing Department at Trelleborg’s (STO:TRELB) offshore operation has taken home the Award of Excellence at this year’s Business Marketing Association (BMA) Houston Lantern Awards of Texas for its Tradeshow Campaign: Driving Innovation Engagement at OTC 2016. The team worked for nine months developing a multi-channel marketing campaign, to reach and engage as many of the industry professionals and customers before the Offshore Technology Conference, Houston in May 2016. Trelleborg’s focus was around capturing new innovation ideas from the industry. Jo Shailes, Vice President of Marketing for Trelleborg’s offshore operation states: “We are excited to win our first award as a team. The overall campaign increased engagement with our audience before, during and after the exhibition in Houston. ‘We really made our mark at this year’s OTC by having a well thought out and comprehensive campaign to showcase Trelleborg as a thought leader who listens to the industry.” Rachel Bonnette, President for the BMA Houston Chapter states: “The judges for the BMA Lantern Awards focused essentially on the results of each campaign in order to pick the winner in each category. Trelleborg earned the 2016 Award of Excellence for their OTC tradeshow campaign because their marketing team was clearly able to outline the results that were achieved from this campaign and the positive impact it had on their business objectives.” BMA Houston created the Lantern Awards of Texas more than two decades ago to highlight top-quality creative and strategic B2B communications. As Texas’ premier awards event, the annual gala recognizes the year’s finest B2B work. Using advanced polymer material technology, Trelleborg’s offshore operation provides high integrity solutions for the harshest and most demanding offshore environments. As part of the Trelleborg Offshore & Construction Business Area of Trelleborg Group, Trelleborg’s offshore operation specializes in the development and production of polymer and syntactic foam based seismic, marine, buoyancy, cable protection and thermal insulation products, as well as rubber-based passive and active fire protection solutions for the offshore industry. Within its portfolio are some long established and respected brands including, CRP, OCP, Viking and Emerson & Cuming. Trelleborg’s offshore operation has been providing innovative solutions to the industry for over 30 years. www.trelleborg.com/offshore Trelleborg is a world leader in engineered polymer solutions that seal, damp and protect critical applications in demanding environments. Its innovative solutions accelerate performance for customers in a sustainable way. The Trelleborg Group has annual sales of SEK 30 billion (EUR 3.25 billion, USD 3.60 billion) in over 40 countries. The Group comprises five business areas: Trelleborg Coated Systems, Trelleborg Industrial Solutions, Trelleborg Offshore & Construction, Trelleborg Sealing Solutions and Trelleborg Wheel Systems, and the operations of Rubena and Savatech. The Trelleborg share has been listed on the Stock Exchange since 1964 and is listed on Nasdaq Stockholm, Large Cap. www.trelleborg.com. This information was brought to you by Cision http://news.cision.com
News Article | May 3, 2016
Recent Management Appointment Of Cristiano Tortelli To Lead The New Oil&Gas Business Area First OTC For Prysmian After The Acquisition Of GCDT Milan, 03 May 2016 – Prysmian Group, world leader in the energy and telecom cable systems industry, will showcase at Offshore Technology Conference 2016 in Houston, TX (USA) from May 2 to 5 (booth 4353). The Group will present its comprehensive product portfolio specifically designed for the Oil and Gas industry. OTC 2016 comes at very important time for Prysmian. The Group has recently appointed Cristiano Tortelli - who joined the Group as Senior Vice President - to lead the newly created Oil & Gas Business Area, incorporating all of the Group’s activities in the industry, including umbilicals and flexible systems, down-hole technologies and core cables, and that will operate across the entire Oil & Gas supply chain. Technology will play a key role in meeting the new industry challenges, supported by a strong project management organization. Prysmian Group’s product portfolio at OTC 2016 will focus on a wide range of connection solutions. Complex and integrated power, control and instrumentation systems for topside, FPSO and shipyard applications, innovative cable solutions for drilling applications such as Bostdrive™ Service Loops and exclusive specialties specially designed for critical environments will be on display. Prysmian’s showcase will be complemented by the available portfolio of umbilicals products - both Steel and Thermoplastic, flexible pipes for Oil & Gas production application and submarine power cables. OTC 2016 follows the Group’s acquisition of Gulf Coast Downhole Technologies (GCDT) last year. GCDT fits fully into the Group’s Down Hole Technology strategy and complements its Draka-branded DHT offered product range including TEC (Tubing Encapsulated Cable) solutions, specialty tubing and specialty optical fibre. The acquisition of GCDT allows a further increased differentiation of the product offer, namely thanks to an enhanced portfolio of protectors and the patented Safety-Strip® technology for faster and safer installation of intelligent completion systems. Prysmian Group Prysmian Group is world leader in the energy and telecom cables and systems industry. With almost 140 years of experience, sales of about €7.5 billion in 2015, over 19,000 employees across 50 countries and 88 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how. It operates in the businesses of underground and submarine cables and systems for power transmission and distribution, of special cables for applications in many different industries and of medium and low voltage cables for the construction and infrastructure sectors. For the telecommunications industry, the Group manufactures cables and accessories for voice, video and data transmission, offering a comprehensive range of optical fibres, optical and copper cables and connectivity systems. Prysmian is a public company, listed on the Italian Stock Exchange in the FTSE MIB index.