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Oil Related Services and Equipment

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Silk Holdings enters into disposal agreement

Wednesday, 18 Jan 2017 05:51am EST

Silk Holdings Bhd : Entered into a conditional share purchase agreement with Permodalan Nasional Berhad . Deal for disposal of 100% of the issued and paid-up share capital of Sistem Lingkaranlebuhraya Kajang Sdn Bhd .Deal valued at a total cash consideration of 380 million RGT.

Schoeller-Bleckmann 2016 pre-tax loss more than doubled

Tuesday, 17 Jan 2017 02:15am EST

Schoeller Bleckmann Oilfield Equipment AG posted preliminary 2016 results: 2016 bookings fell by 17.0 %, to an expected MEUR 169 (2015: MEUR 203.6). . 2016 sales contracted by 41.7 %, to MEUR 183 (2015: 313.7) . 2016 profit before tax arrived at MEUR minus 47 (2015: MEUR minus 20.0) . liquid funds as at 31 December 2016 – following the acquisition of Downhole Technology – came to MEUR 193 (31 december 2015: MEUR 196.3) Further company coverage: [SBOE.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 53112 255;)).

Oceanteam: McDermott to exercise its option to purchase PLV North Ocean 105

Friday, 13 Jan 2017 07:21am EST

Oceanteam Asa : Joint-venture partner McDermott will exercise its option to purchase Oceanteam's 25% ownership in vessel-owning company North Ocean 105 AS by end of April 2017 .Oceanteam will use proceeds for repayments of vendors and repurchase of outstanding bonds.

Annica Holdings updates on proposed sale of property at 38 Kallang place

Thursday, 12 Jan 2017 07:40am EST

Annica Holdings Limited - : Proposed Disposal Of Property - (1) Termination Of Option Agreement And (2) Receipt Of An Offer . Refers to announcement on proposed sale of property situated at 38 Kallang place . Jtc Corporation has informed company and oversea supplies that it is unable to approve proposed disposal .Received an offer from another prospective purchaser to purchase property for a consideration of s$3.3 million.

Aker Solutions to cut another 650 jobs in Norway, UK, India

Thursday, 12 Jan 2017 05:41am EST

An Aker Solutions spokeswoman said: Says it will reduce the workforce at some locations and that about 650 positions, mainly in Norway, Britain and India, will be affected . Says cuts triggered by a continued market slowdown and as part of a global reorganisation, begun in November, to strengthen the company's competitiveness Further company coverage: [AKSOL.OL] (Reporting By Joachim Dagenborg, editing by Terje Solsvik) ((joachim.dagenborg@thomsonreuters.com;)).

Ausgroup enters into agreement with Shell Australia

Thursday, 12 Jan 2017 04:16am EST

Ausgroup Ltd : Entered into an agreement with Shell Australia for the supply of scaffold equipment and consumables on the shell-operated prelude flng project .As part of agreement, MAS will be responsible for delivery of scaffold materials required for operation & maintenance work offshore.

Zhejiang Renzhi raises FY 2016 net profit outlook

Thursday, 12 Jan 2017 12:34am EST

Zhejiang Renzhi Co Ltd <002629.SZ>: Sees net profit for FY 2016 to be 25 million yuan to 30 million yuan . Says the net loss of FY 2015 was 98.2 million yuan . It expected net profit for FY 2016 to be 0 million yuan to 5 million yuan previously .Comments that decreased operating costs and subsidy from the government are the main reasons for the forecast.

EMAS Offshore Q1 net loss narrows to $2.2 million

Tuesday, 10 Jan 2017 10:40am EST

EMAS Offshore Ltd : Q1 revenue $42.5 million versus $49.8 million year ago .Q1 net loss $2.2 million versus loss $3.2 million year ago.

Wood Group secures Saudi Aramco contract

Tuesday, 10 Jan 2017 05:48am EST

John Wood Group Plc : Wood Group secures Saudi Aramco contract . Five year, multi-million dollar framework agreement . Contract to continue to provide engineering and project management services to Saudi Aramco's onshore capital programmes in Kingdom of Saudi Arabia .Effective immediately, contract also includes three, one year extension options and will be delivered locally in Saudi Arabia.

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