Dril-Quip slashes headcount as market falls

Dril-Quip slashes headcount as market falls Dril-Quip has generated net income of $1.3 million, or $0.03 per diluted share, for the three months ended December 31, 2016, versus net income of $48.4 million, or $1.28 per diluted share, for the fourth quarter of 2015 says Subsea World News Total revenues were $106.1 million during the quarter …

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Shell takes Final Investment Decision on Kaikias project, off Gulf of Mexico

Shell takes Final Investment Decision on Kaikias project, off Gulf of Mexico Shell Offshore and MOEX North America, a subsidiary of Mitsui Oil Exploration, have taken the final investment decision (FID) to execute phase one of the Kaikias deep-water project in the US Gulf of Mexico. Kaikias will produce oil and gas through a subsea …

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Gazprom discovers gas to strenghten European Market

Gazprom discovers gas to strenghten European Market WorldOil – Russia will keep Europe hooked on its natural gas for years to come, using its huge reserves and lower production costs in Siberia to maintain attractive prices, according to state-run Gazprom. The Moscow-based exporter, which supplied 34% of the European Union’s gas last year, sees its market …

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