Kuwait Oil Company

Weatherford Announces First Quarter 2024 Results and Raises Full Year Margin Guidance

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火曜日, 4月 23, 2024
Petroleum Development Oman, International, BP, Well drilling, WFRD, PTTEP, Artificial intelligence, Capital expenditure, Growth, Gulf of Mexico, Weatherford International, XT, Senior, Machine learning, MPD, Gas lift, Quattro, Acquisition, Line of credit, ESP, Credit, Kuwait Oil Company

HOUSTON, April 23, 2024 (GLOBE NEWSWIRE) -- Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) announced today its results for the first quarter of 2024.

Key Points: 
  • Operating income was $233 million in the first quarter of 2024, compared to $185 million in the first quarter of 2023 and $216 million in the fourth quarter of 2023.
  • First quarter 2024 cash flows provided by operating activities were $131 million, compared to $84 million in the first quarter of 2023 and $375 million in the fourth quarter of 2023.
  • Capital expenditures were $59 million in the first quarter of 2024, compared to $64 million in the first quarter of 2023 and $67 million in the fourth quarter of 2023.
  • We closed the first quarter 2024 with total cash of approximately $937 million as of March 31, 2024, down $126 million sequentially.

SUPCON Gains Momentum in Saudi Arabia and the Gulf with Recent Project Wins

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火曜日, 7月 4, 2023
Cloud, KOC, Manufacturing execution system, Communication, Partnership, Lamprell, Management control system, MES, L&T Technology Services, IMI, SCCC, SIS, Information technology, Distributed control system, Maritime Industrial Services, Kuwait Oil Company, Saudi Aramco, Safety instrumented system, Asset, Digital transformation, Workforce, Meyn Food Processing Technology, Chief digital officer, HHI, DCS, Belt, Ecosystem, APP, Annual report, SVP, Industrial, Intelligence, APEX, RMB, Automation, Cryptocurrency

HANGZHOU, China, July 4, 2023 /PRNewswire/ -- SUPCON (688777.SH, SUPCON.SW), a trailblazer in process automation and digital transformation in China, has announced a series of project wins across Saudi Arabia and the Gulf.

Key Points: 
  • HANGZHOU, China, July 4, 2023 /PRNewswire/ -- SUPCON (688777.SH, SUPCON.SW), a trailblazer in process automation and digital transformation in China, has announced a series of project wins across Saudi Arabia and the Gulf.
  • These recent project wins demonstrate SUPCON's capability to provide a wide range of solutions from instrumentation, automation & information to top-level management solution.
  • The company has been expanding into the Gulf region with ambitious planning and preparation, leveraging the increasingly strong economic ties between China and Saudi Arabia, especially under the backdrop of Belt & Road Initiative and Vision 2023.
  • These visits herald a new era of SUPCON's partnership with major players in Saudi Arabia and the Gulf.

Weatherford Announces Fourth Quarter and Full Year 2022 Results

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火曜日, 2月 7, 2023
Depreciation, Machine learning, Capital expenditure, GAAP, Safety, Note, Petroleum Development Oman, Petrobras, Weatherford International, Kuwait Oil Company, Digital Solutions, EBITDA, Plug, Sylvia Ardyn Boone, Public expenditure, Oman, WFRD, Artificial intelligence, Table, Partnership, IOC, Adjustment, Bankruptcy, Senior, S&P Global Ratings, Saudi Aramco, Late life depression, Pharmaceutical industry, Fine chemical, Video game, Cryptocurrency, Bookkeeping, Bank, Marmul District

Operating income was $169 million in the fourth quarter of 2022, compared to $121 million in the third quarter of 2022 and $33 million in the fourth quarter of 2021.

Key Points: 
  • Operating income was $169 million in the fourth quarter of 2022, compared to $121 million in the third quarter of 2022 and $33 million in the fourth quarter of 2021.
  • The Company’s fourth quarter of 2022 net income was $72 million, compared to $28 million in the third quarter of 2022 and a net loss of $161 million in the fourth quarter of 2021.
  • Fourth quarter 2022 cash flows provided by operations were $193 million, compared to $160 million in the third quarter of 2022 and $88 million in the fourth quarter of 2021.
  • Capital expenditures were $49 million in the fourth quarter of 2022, compared to $39 million in the third quarter of 2022 and $41 million in the fourth quarter of 2021.

Industrial Nanotech, Inc Provides Corporate Strategy Update

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木曜日, 9月 22, 2022
Nanotechnology, Kuwait Oil Company, Pink, Company, Residential area, AIC, OTC, CTO, GLOBE, Oil

BROOMFIELD, Colo., Sept. 22, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Industrial Nanotech, Inc ( Pink Sheets: INTK ), a global nanoscience solutions and research leader, today provided shareholders with a corporate strategy update.

Key Points: 
  • BROOMFIELD, Colo., Sept. 22, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Industrial Nanotech, Inc ( Pink Sheets: INTK ), a global nanoscience solutions and research leader, today provided shareholders with a corporate strategy update.
  • Stuart Burchill, CEO/CTO of Industrial Nanotech, Inc. said, We initiated our focus on the Middle East in June of 2022 and opened our Dubai office in Q3 2022.
  • It is paying the dividends we hoped for and faster than we expected.
  • Industrial Nanotech looks forward to growing relationships with each of these new strategic partners and announcing new deals and projects with more regional companies.

One Thousand Women from Across the Globe in Discord Playing Cyber Games--March 23-24, 2022

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水曜日, 3月 2, 2022
Diamond, Information security, Mentorship, CTF, Hoodie, Microsoft, Small Business Saturday, Woman, Society, VP, Women's History Month, Compliance, Highline College, Diversity, Dominique Mainon, Curriculum, Information technology, Growth, Veronica, US, Computer security, Workforce, CEO, Gender, WSC, Security, Kuwait Oil Company, WOSB, The Advisory Board Company, Dell Technologies, World Cyber Games, Information, OODA loop, Weapon, Toy

Taking place during Women's History Month, WICKED6 Cyber Games ( https://www.wicked6.com/ ), an annual event for the Women's Society of Cyberjutsu , will take place March 2324, 2022.

Key Points: 
  • Taking place during Women's History Month, WICKED6 Cyber Games ( https://www.wicked6.com/ ), an annual event for the Women's Society of Cyberjutsu , will take place March 2324, 2022.
  • "Increasing the number of women in cybersecurity is both a global challenge and imperative."
  • "Events like WICKED6 are essential to support women and girls interested in careers in cyber," says Mari Galloway, CEO and founding board member for the Women's Society of Cyberjutsu (WSC).
  • "As a 501(c)(3) nonprofit cybersecurity community dedicated to bringing more women and girls to cyber, we're excited that this year's event is reaching a global audience."

Insights on the Seismic Survey Global Market to 2028 - Increasing New Gas Exploration to Drive the Market - ResearchAndMarkets.com

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金曜日, 2月 11, 2022
Oil, Gas, Energy, Map, Seabird Exploration, Seismology, Company, Technology, Kuwait Oil Company, Population, Petroleum Geo-Services, Acquisition, Industry, PGS, Growth, ION Geophysical, TGS, CAGR, PLC, Oil, Earth

The increase in the new gas exploration and application of seismic survey in brownfield projects is expected to drive the market in the future.

Key Points: 
  • The increase in the new gas exploration and application of seismic survey in brownfield projects is expected to drive the market in the future.
  • The rising incidences across the globe for new gas exploration is expected to drive the market immensely.
  • The increasing demand for gas for various purposes for the rising population has lead to various exploration projects.
  • The crisis of crude oil depletion is a major factor that demands seismic survey and hence is driving the market immensely.

Vantage Drilling International Strengthens Relationship with ADES Group Through Sale of Three Jack-up Rigs and Pursuing Global Strategic Alliance; Tungsten Explorer Returns to Work in Egypt through Existing Joint Venture

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火曜日, 12月 21, 2021
Emerald, GLOBE, EDC, Arabian Peninsula, Eni, Intention, NOC, Exploration, Security (finance), Jackup rig, U.S. Securities and Exchange Commission, Tungsten, Workforce, Efficiency, Safety, ADS Group, PIF, Federal Lands Jobs and Energy Security Act, Securities Act of 1933, Industry, Securities & Exchange Commission of Pakistan, BP, Securities Exchange Act of 1934, GCC, Sale, Growth, VHI, Kuwait Oil Company, Contract, Collaboration, Airline, Petroleum, Vantage, Mediterranean Basin

In addition, Vantage and ADES also announced they entered into an agreement to pursue a global strategic alliance leveraging the new support services agreement and their existing joint venture in Egypt.

Key Points: 
  • In addition, Vantage and ADES also announced they entered into an agreement to pursue a global strategic alliance leveraging the new support services agreement and their existing joint venture in Egypt.
  • Finally, Vantage announced that the Tungsten Explorer returned to work for a client offshore of Egypt through Vantages joint venture with ADES.
  • The success of the companies relationship is evidenced by Vantages announcement that the Tungsten Explorer has returned to work in Egypt.
  • We are delighted to work with ADES through our joint venture and continuing to provide industry leading service for our clients.

Kuwait Oil Company Selects Halliburton for Digital Transformation Projects

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水曜日, 6月 16, 2021
Technology, Energy, Data management, Oil, Gas, Articles, Western Asia, Countries, Anti-corporate activism, Corporate crime, Dick Cheney, Economy of Denver, Halliburton, Kuwait Oil Company, KOC, Digital transformation, Kuwait

Halliburton Company (NYSE: HAL) today announced it received a contract from Kuwait Oil Company (KOC), a world leader in digital transformation, to expand KOCs digital transformation journey by implementing solutions to maximize operational efficiency and increase production.

Key Points: 
  • Halliburton Company (NYSE: HAL) today announced it received a contract from Kuwait Oil Company (KOC), a world leader in digital transformation, to expand KOCs digital transformation journey by implementing solutions to maximize operational efficiency and increase production.
  • The scope applies to all Kuwait fields including West Kuwait, South and East Kuwait, and Heavy Oil, complementing a recently awarded contract for similar services in North Kuwait.
  • Halliburton will collaborate with KOC to accelerate their data-to-decisions cycle by implementing automated work processes and digital twins across KOCs major assets.
  • This award signifies our strong relationship with KOC as we collaborate and innovate across their company-wide digital transformation initiatives, said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting.

Halliburton to Provide Digital Solutions for Kuwait Oil Company

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水曜日, 2月 3, 2021
Data management, Technology, Oil, Gas, Energy, Software, Internet, Articles, Private military contractors, Anti-corporate activism, Corporate crime, Dick Cheney, Economy of Denver, Halliburton, Companies, Business, Digital transformation, Kuwait Oil Company, KOC

Halliburton Company (NYSE: HAL) today announced it was awarded a contract from Kuwait Oil Company (KOC) to collaborate on their digital transformation journey through the maintenance and expansion of digital solutions for their North Kuwait asset.

Key Points: 
  • Halliburton Company (NYSE: HAL) today announced it was awarded a contract from Kuwait Oil Company (KOC) to collaborate on their digital transformation journey through the maintenance and expansion of digital solutions for their North Kuwait asset.
  • The open architecture integrates Halliburton and third-party technologies to enhance operational performance and increase ultimate recovery.
  • We are excited to collaborate with KOC on their digital transformation initiatives and build on our previous work to increase reservoir recovery and production, said Nagaraj Srinivasan, senior vice president of Landmark, Halliburton Digital Solutions and Consulting.
  • Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry.

KOC Awards Halliburton Integrated Offshore Services Contract

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月曜日, 7月 1, 2019
Other Energy, Technology, Oil, Gas, Other Technology, Energy, Technology, Economy, Companies, Kuwait Oil Company, Halliburton, Ahmadi Governorate, Oil well, Well drilling, Offshore drilling, KOC, Halliburton

Kuwait Oil Company (KOC) and Halliburton (NYSE: HAL) today announced the companies have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf.

Key Points: 
  • Kuwait Oil Company (KOC) and Halliburton (NYSE: HAL) today announced the companies have signed an Integrated Offshore Drilling Services contract for six high-pressure high-temperature (HPHT) exploration wells on two jack-up rigs in the Arabian Gulf.
  • View the full release here: https://www.businesswire.com/news/home/20190701005620/en/
    Halliburton and KOC sign integrated services agreement for the offshore development of KOCs six HPHT wells in the Arabian Gulf in Al Ahmadi.
  • Pictured left to right: Halliburton Eastern Hemisphere President Joe Rainey, KOC CEO Emad Mahmoud Sultan, KOC Deputy CEO Drilling and Technology Nayef Al-Enezi and KOC CEO Exploration and Gas Ahmed Al-Eidan.
  • We are grateful for the opportunity to collaborate with KOC and implement our integrated services and innovative technologies to accelerate offshore development, reduce drilling and completions costs and increase recovery, said Halliburton Eastern Hemisphere President Joe Rainey.