Caterpillar Inc., the world’s largest maker of earthmoving equipment, said fourth-quarter profit rose 4.3 percent on increased demand for machinery overseas.
Net income climbed to $882 million, or $1.32 a share, from $846 million, or $1.20, a year earlier. Sales gained 14 percent to $11 billion, the Peoria, Illinois-based company said today in a statement.
Demand from […]
Schlumberger Ltd., the world’s largest oilfield services company, said on Friday its fourth-quarter earnings rose 71 percent on a strong performance in its seismic business and forecast “significant” growth in 2007.
Income from continuing operations rose to $1.13 billion, or 92 cents per share, from $660 million, or 54 cents per share, a year earlier.
The earnings […]
Oilfield services provider Schlumberger Ltd. said Friday its fourth-quarter profit soared despite seasonal weather-related weakness thanks in part to price increases and stronger activity in most of its markets.
Its shares rose more than 4 percent in morning trading.
Net income rose 71 percent to $1.13 billion, or 92 cents per share, from $660.6 million, or 54 […]
Southeast Supply Header, LLC (SESH) has signed three additional shippers to long-term contracts, bringing total commitments to nearly 1 billion cubic feet per day (Bcf/d), the initial proposed capacity on the new natural gas pipeline system that is anticipated to be in service by summer 2008.
Southern Company, Tampa Electric Company and EOG Resources, Inc., […]
Golden Patriot, Corp. is pleased to announce that it has initiated the down-hole radiometric survey on the recently completed 23 hole drill program. The survey will test these and 10 pre-existing open holes from a drill program conducted in the 1970’s. Most of these pre-existing holes are open to depth and cover an important anomalous […]
Tesco Corporation today announced that it has entered into an equipment placement agreement with ENSCO Offshore Company to provide TESCO’s proprietary Casing Drive System(TM) (CDS(TM)) onto ENSCO’s offshore rigs. ENSCO Offshore Co., based in Broussard, Louisiana, is a full service drilling contractor operating in the Gulf of Mexico and South America. Under terms of the […]
Baker Hughes Incorporated announced that Chad C. Deaton, chairman and chief executive officer of Baker Hughes Incorporated will present at the 2007 Credit Suisse Energy Summit in Vail, Colorado, on Wednesday, February 7, 2007 at 7:00 a.m. mountain time (9:00 am eastern time).
If you would like to listen to Mr. Deaton’s presentation during […]
The ultraMOIST on-line moisture measurement system now allows the accurate control of process moisture in realtime, hence allowing proactive process control actions.
The information can be used in a number of ways including:
* automatic water addition using flow control valves
* diverter gates to direct wet material away from […]
Ultra-Dynamics has supplied an on-line MAGNASAT system to Project Magnet for the measurement of magnetite in the feed stock prior to crushing in high pressure rolls. MAGNASAT will be used to control the conveyor speed depending on the level of magnetite in the feed material. MAGNASAT is being installed on a 1 meter wide conveyor […]
In the US state of Louisiana, three enormous liquid gas tanks are currently being built at the same time using Peri know-how. Each of the structures has an 80 m diameter and, after completion, a wall height of 44 m. In the bottom third, the wall cross-section tapers externally from 90 cm at the base […]