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Oil Related Services and Equipment

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Vallianz Holdings enters set-off and settlement agreements with Swiber Holdings Ltd and Rawabi Holding Co

Wednesday, 24 May 2017 07:18am EDT

May 24 (Reuters) - Vallianz Holdings Ltd :Vallianz restructures net payables and advances of up to us$138.7 million to conserve cash and strengthen equity base.Entered into separate set-off and settlement agreements with Swiber Holdings Limited and Rawabi Holding Company Limited.Rawabi also agreed to convert shareholder's advances of us$102.1 million into equity.Group entered into agreement to convert net payables to swiber of us$36.6 million into equity."Group plans to resume its proposed rights cum warrants issue exercise as soon as practicable".

Magseis signs exclusive technology agreement with Seismic Apparition

Wednesday, 24 May 2017 02:00am EDT

May 24 (Reuters) - MAGSEIS ASA ::MAGSEIS ASA: SIGNS EXCLUSIVE TECHNOLOGY AGREEMENT WITH SEISMIC APPARITION.SIGNS DEAL WITH SEISMIC APPARITION TO DEVELOP AND IMPLEMENT A TECHNOLOGY TO REDUCE OPERATIONAL TIME FOR OCEAN BOTTOM SEISMIC.TECHNOLOGY DEVELOPMENT WILL BE COMPLETED OVER NEXT 9 MONTHS AND COMMERCIAL FIELD TESTS ARE SCHEDULED FOR 2018.

SBO bookings rise 72 pct in Q1 to 70 mln eur, backlog stable

Wednesday, 24 May 2017 02:00am EDT

May 24 (Reuters) - Schoeller Bleckmann Oilfield Equipment Ag :Sales generated by SBO in Q1 of 2017 arrived at meur 60.1. Compared to same quarter of 2016, this represents an increase of 28.5 % (1-3/2016: meur 46.8).Order backlog totalled meur 30.5, following meur 28.3 as at 31 march 2016.Bookings rose by 72.0 %, to meur 69.9, following meur 40.6 in Q1 of 2016.Q1 EBIT posted a clear increase, from meur minus 16.9 in Q1 of 2016 to meur minus 5.8 in Q1 of 2017.Order backlog totalled meur 30.5, following meur 28.3 as at 31 march 2016..Q1 profit after tax meur minus 4.9 (1-3/2016: meur minus 15.0).Operating result (EBIT) posted a clear increase, from meur minus 16.9 in q1 of 2016 to meur minus 5.8 in q1 of 2017.Sbo again generated a positive operating cashflow of meur 2.1 (1-3/2016: meur 6.3) in q1 of 2017. Cash position was meur 188.8 (31 march 2016: meur 224.9).

Ceiba Energy Services Q1 loss per share $0.00

Tuesday, 23 May 2017 08:50pm EDT

May 23 (Reuters) - Ceiba Energy Services Inc :Ceiba Energy Services announces improved first quarter 2017 financial and operating results.Says in Q1 2017, Ceiba recorded revenue of $2.3 million, an increase of 44% compared to Q1 2016.Ceiba Energy Services Inc - Q1 loss per share $0.00.

Hilong Holding's unit has been awarded technical services contract

Tuesday, 23 May 2017 07:24pm EDT

May 24 (Reuters) - Hilong Holding Ltd <1623.HK>:Unit has recently been awarded an integrated technical services contract from United Energy Pakistan Limited.Contract is in relation to an integrated technical services project for a total of 1+8 deep oil wells.Total value of contract is no less than US$11 million.

Ceiba Energy Services reportes Q1 revenue of $2.3 mln

Tuesday, 23 May 2017 07:08pm EDT

May 23 (Reuters) - Ceiba Energy Services Inc :Ceiba Energy Services announces improved first quarter 2017 financial and operating results.Says in Q1 2017, Ceiba recorded revenue of $2.3 million, an increase of 44 pct compared to Q1 2016.Q1 loss per share $0.00.

Bristow Group Q4 adjusted loss per share $1.15

Tuesday, 23 May 2017 04:45pm EDT

May 23 (Reuters) - Bristow Group Inc :Bristow group reports fiscal fourth quarter and full fiscal year 2017 results.Q4 adjusted loss per share $1.15.Q4 gaap loss per share $2.22.Q4 earnings per share view $-0.48 -- Thomson Reuters I/B/E/S.Bristow group inc - expect fiscal year 2018 results to be impacted by continued offshore oil and gas industry downturn.Bristow group inc - "industry conditions in march 2017 quarter are expected to continue into fiscal year 2018".Bristow group inc - fiscal year 2018 results are expected to be better than annualized q4 fiscal year 2017 results.Bristow group inc - anticipate sequential quarterly improvement beginning in second half of fiscal year.Bristow group inc - qtrly operating revenue $323.7 million versus. $375.3 million.Q4 earnings per share view $-0.48, revenue view $326.2 million -- Thomson Reuters I/B/E/S.Bristow group inc - march 2017 quarter and fiscal year 2017 results were impacted by costs incurred resulting from grounding of airbus h225 fleet.Bristow group inc - march 2017 quarter and fiscal year 2017 results were also impacted by depreciation of british pound sterling.

Chiwayland International clarifies on online articles by The Sydney Commercial Property Editor

Tuesday, 23 May 2017 06:37am EDT

May 23 (Reuters) - Chiwayland International Ltd :Refers to online articles by sydney commercial property editor review on 17 may, entitled "Parramatta site adds to market growth".Says Bluesky Parramatta, has been in discussions with potential buyers in connection with a possible transaction.There is no certainty whatsoever that the discussions will result in any definitive agreement or transaction.

Gulfmark Offshore enters into intercompany dip agreement

Tuesday, 23 May 2017 06:20am EDT

May 23 (Reuters) - Gulfmark Offshore Inc ::Gulfmark Offshore Inc - entered into intercompany dip agreement among company, Gulfmark Rederi as, as lender, and DNB Bank Asa, as issuing bank.Gulfmark Offshore - Rederi will make available to co a term loan facility of up to $35 million to allow co to continue to operate its business.Gulfmark Offshore Inc - Rederi will manage co's properties pursuant to co's filing of a voluntary petition for relief under chapter 11.Gulfmark Offshore - as security for loans to be made under agreement, to pledge 65% of equity interests in Gulfmark Capital, Gulfmark Foreign Investments, GM Offshore.

Hiap Seng Engineering posts Q4 loss attributable to owner of parent S$1.788 mln

Tuesday, 23 May 2017 05:09am EDT

May 23 (Reuters) - Hiap Seng Engineering Ltd :Q4 loss attributable to owner of parent S$1.788 million versus profit of S$1.932 million.Q4 turnover S$35 million versus S$55.6 million.Propose a final one-tier tax exempt dividend of 0.5 cent per share.

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