Petroleum reservoir

CNOOC Limited Announces Its 2024 Business Strategy and Development Plan

Retrieved on: 
Thursday, January 25, 2024

HONG KONG, Jan. 25, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces its business strategy and development plan for the year 2024.

Key Points: 
  • HONG KONG, Jan. 25, 2024 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) today announces its business strategy and development plan for the year 2024.
  • We focus on the efficiency of investment and make prudent plans on capital expenditure to ensure the sustainable development of our oil and gas business.
  • Major projects in China include Suizhong 36-1/Luda 5-2 Oilfield Secondary Adjustment and Development Project, Bozhong 19-2 Oilfield Development Project, Shenhai-1 Phase II Natural Gas Development Project, Huizhou 26-6 Oilfield Development Project and Shenfu Deep-play Coalbed Methane Exploration and Development Demonstration Project.
  • The Company continues to lever technological innovation to sustain reserves and production growth, and to empower the Company's high-quality development.

EQS-News: SBO with record sales and excellent preliminary results for 2023

Retrieved on: 
Wednesday, January 17, 2024

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed in the ATX leading index of the Vienna Stock Exchange, announces its preliminary results for the fiscal year 2023, demonstrating excellent financial performance both top and bottom line.

Key Points: 
  • Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed in the ATX leading index of the Vienna Stock Exchange, announces its preliminary results for the fiscal year 2023, demonstrating excellent financial performance both top and bottom line.
  • SBO achieved an all-time high in sales totaling MEUR 585 for the year, an impressive 17% growth on top of already high sales in 2022 (MEUR 501.2).
  • Profit from operations  (EBIT) also outperformed last year’s results, increasing from MEUR 96.2 to MEUR 104 in 2023.
  • We achieved record sales, supported by the excellent performance of our AMS division resulting in high profitability.

EQS-News: SBO with strong sales and earnings growth in the first three quarters of 2023

Retrieved on: 
Saturday, December 30, 2023

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed in the leading index ATX of the Vienna Stock Exchange, achieved strong 9-month results for 2023.

Key Points: 
  • Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed in the leading index ATX of the Vienna Stock Exchange, achieved strong 9-month results for 2023.
  • “We have continued to deliver encouraging sales and earnings growth this year, thanks to our global position and a thriving international business.
  • Following an excellent year 2022, SBO continued its growth course in the first nine months of 2023.
  • Sales increased by a substantial 21.0 % to MEUR 437.2 (1-9/2022: MEUR 361.3), primarily driven by continued strong growth of the international business.

High Arctic Announces 2023 Third Quarter Results

Retrieved on: 
Wednesday, November 15, 2023

CALGARY, Alberta, Nov. 15, 2023 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its third quarter financial and operating results. The unaudited interim consolidated financial statements, and management discussion & analysis (“MD&A”), for the quarter ended September 30, 2023 will be available on SEDAR at www.sedarplus.ca, and on High Arctic’s website at www.haes.ca. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated.

Key Points: 
  • Due to High Arctic’s requirement to transact with international suppliers and customers, High Arctic has received approval from the Bank of PNG to maintain its USD account within the conditions of the Bank of PNG currency regulations.
  • The reorganization was intended to separate the international business of High Arctic, which is focussed on Papua New Guinea, from the Canadian business.
  • The High Arctic Board has reserved its final decision to proceed with the reorganization until these matters and ongoing strategic review have been addressed to their satisfaction.
  • High Arctic’s PNG business was highlighted by Rig 103 operating continuously through the third quarter.

Greg Sanford Joins Alliant Insurance Services in Houston, Will Service Nationwide Client Base

Retrieved on: 
Tuesday, November 21, 2023

Greg Sanford has joined Alliant Insurance Services as Vice President within its Alliant Americas division.

Key Points: 
  • Greg Sanford has joined Alliant Insurance Services as Vice President within its Alliant Americas division.
  • An experienced risk advisor and property and casualty insurance producer, Sanford will service a nationwide client base, providing customized risk and insurance solutions.
  • Sanford joins Alliant with a broad, in-depth knowledge of commercial insurance and risk management solutions across a broad range of industry verticals.
  • “Greg works alongside his clients, developing long-term relationships and customized insurance programs that meet their unique risks and exposures,” said Bob Bennetsen, Executive Vice President and Senior Managing Director with Alliant.

EQS-News: SBO successfully completes acquisition of well completion specialist 'Praxis Completion Technology', strengthening market-leading position

Retrieved on: 
Tuesday, October 17, 2023

Schoeller-Bleckmann Oilfield Equipment AG (SBO) has completed the acquisition of Praxis Completion Technology announced in June.

Key Points: 
  • Schoeller-Bleckmann Oilfield Equipment AG (SBO) has completed the acquisition of Praxis Completion Technology announced in June.
  • With the integration of Praxis, SBO gains key product development expertise and adds meaningful well completion technologies to SBO's product portfolio.
  • “We are very pleased about the integration of Praxis Completion Technology, as it strengthens our leading position in our core business.
  • This represents another strategically important step for SBO in the direction of climate protection technologies," comments SBO CEO Gerald Grohmann on the acquisition.

EQS-News: HY 2023: SBO with high profitability and double-digit growth

Retrieved on: 
Thursday, August 24, 2023

Net liquidity remained high at MEUR 24.5 and the gearing ratio was at minus 5.7 %.

Key Points: 
  • Net liquidity remained high at MEUR 24.5 and the gearing ratio was at minus 5.7 %.
  • Gerald Grohmann, CEO of SBO: “Our performance in the first half of this year demonstrates our financial and operational strength.
  • Our high liquidity and cashflow generation demonstrate our financial strength and provide a solid base for continued growth," says SBO CEO Gerald Grohmann.
  • In the long term, SBO aims to generate around 50 % of its sales mainly in sustainable energy technologies.

EQS-News: Schoeller-Bleckmann Oilfield Equipment AG:

Retrieved on: 
Tuesday, August 22, 2023

Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed in the leading index ATX of the Vienna Stock Exchange, continued its strong growth in the first half of 2023 following the excellent year 2022.

Key Points: 
  • Schoeller-Bleckmann Oilfield Equipment AG (SBO), listed in the leading index ATX of the Vienna Stock Exchange, continued its strong growth in the first half of 2023 following the excellent year 2022.
  • The SBO Group’s business is divided into two segments: Advanced Manufacturing & Services (AMS) and Oilfield Equipment (OE).
  • Capital expenditure on property, plant and equipment and intangible assets (excluding right of use assets) amounted to MEUR 17.3 (1-6/2022: MEUR 13.8).
  • For the second half of 2023 and beyond, the oilfield service industry is looking optimistically towards the future.

EQS-News: Schoeller-Bleckmann Oilfield Equipment AG wins Vienna Stock Exchange ATX Award

Retrieved on: 
Friday, June 2, 2023

Schoeller-Bleckmann Oilfield Equipment AG (SBO) was awarded first place in the main category “ATX” at the Vienna Stock Exchange Awards.

Key Points: 
  • Schoeller-Bleckmann Oilfield Equipment AG (SBO) was awarded first place in the main category “ATX” at the Vienna Stock Exchange Awards.
  • After three third places in the ATX Award in 2011, 2012 and 2017, as well as third place in the Journalist Award 2020, the top position in the most prestigious discipline was achieved this year.
  • We are delighted to receive this award, which is also proof that the Vienna Stock Exchange is an excellent trading venue for an international company like SBO.
  • The SBO Group is equally recognized worldwide for its directional drilling tools and equipment for well completion.

EQS-News: Schoeller-Bleckmann Oilfield Equipment AG acquires well completion specialist “Praxis Completion Technology”

Retrieved on: 
Friday, June 2, 2023

Schoeller-Bleckmann Oilfield Equipment AG (SBO) strengthens its market positioning in the well completion segment outside North America with the acquisition of Praxis Completion Technology FZCO.

Key Points: 
  • Schoeller-Bleckmann Oilfield Equipment AG (SBO) strengthens its market positioning in the well completion segment outside North America with the acquisition of Praxis Completion Technology FZCO.
  • In the past fiscal year, which ended on 31 December 2022, Praxis Completion Technology generated sales of around MUSD 15 with 30 employees.
  • The WellBoss Company has been a leader in the manufacture of well completion equipment for years.
  • The future applications of Praxis Completion Technology’s products for carbon capture and storage offer exciting opportunities to participate in this growing market and will help to reduce the global CO2 emissions.”