Trican Well Service (TOLWF) 0.8768 $TOLWF
Trican Announces Agreement in Principle with Its Lender and Operational Update
Marketwired - Fri Sep 25, 7:48AM CDT
Trican Well Service Ltd. (TSX: TCW) is pleased to announce that it has reached an agreement in principle with its bank lenders under its revolving credit facility ("RCF"
and the holders of its senior notes to make certain amendments to the applicable credit documentation.
TCW.TO: 1.18 (-0.03)
Oilfield Services Market: Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline - Global trends & Forecast to 2020
M2 - Wed Sep 16, 4:50AM CDT
Research and Markets (http://www.researchandmarkets.com/research/hp2mvh/oilfield_services) has announced the addition of the "Oilfield Services Market by Type (Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline ), & by Region - Global trends & Forecast to 2020" report to their offering. The global oil and gas production has increased over the last five years from 81.149 Million barrels per day in 2009 to 88.673 Million barrels per day in 2014. This has led to the supply for oil & gas exceeding its demand which has ultimately caused a decline in the prices of crude oil during the last six months of 2014. Oilfield services are used for varied purposes over the entire well life cycle that includes exploration, drilling, completion, stimulation, production, and intervention among others. The oilfield services which are used for production activities such as well intervention services, wireline services, and coiled tubing services among others, are expected to grow at a higher CAGR when compared to the overall oilfield services market during the forecast period. The market for oilfield services is projected to grow with a CAGR of 5.0% from 2015 to 2020. The crude oil prices are expected to increase progressively in the short term and are estimated to reach USD 80/ barrel by 2018. This rebound in oil price will be spurred by the delay in capacity addition as the oil & gas companies are currently shelving new projects to reduce their capital expenditure. With the increase in the price of crude oil, the investments for E&P activities will also increase which will lead to new projects in regions that are looking to overturn their production decline such as Europe and Asia-Pacific. This will in turn create further demand for the oilfield services in these regions. Growing production activities both on onshore and offshore regions have encouraged the demand for oilfield services for oil & gas wells. Moreover, new discoveries in offshore regions of Africa and South America coupled with the increase in unconventional oil & gas production in North America has further increased the demand for oilfield services. Leading providers of oilfield services are focussing on both developed as well as developing countries due to the critical nature of the oilfield services which allow it to be used over the entire well life cycle. The market has been segmented into On the basis of Service Type - Coiled Tubing Services - Well Completion Equipment & Services - Well Intervention Services - Pressure Pumping Services - Oil Country Tubular Goods (OCTG) - Drilling Waste Management Services - Drilling & Completion Fluids Services - Wireline Services On the basis of Application - Onshore - Offshore Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Oilfield Services Market, By Application 7 Oilfield Services Market, By Service Type 8 Oilfield Services Market, By Region 9 Competitive Landscape 10 Company Profiles - Archer Limited - Baker Hughes Incorporated - Basic Energy Services Inc. - Calfrac Well Services Ltd. - Expro International Group - Halliburton Company - Key Energy Services - Nabors Industries Ltd. - National Oilwell Varco, Inc. - Pioneer Energy Services - Precision Drilling Corporation - Schlumberger Limited - Superior Energy Services Inc. - Trican Well Service Ltd. - Weatherford International Ltd. For more information visit http://www.researchandmarkets.com/research/hp...d_services
NBR: 11.98 (-0.10), PDS: 5.09 (-0.16), PES: 3.32 (+0.02), SLB: 76.36 (-0.28), WFT: 10.77 (+0.15), KEG: 0.78 (+0.04), SPN: 17.01 (+0.17), BHI: 56.44 (-0.89)
Rosneft Closes the Transaction for the Acquisition of a Russian Oilfield Service Company from Trican Well Service Ltd.
M2 - Fri Aug 21, 3:19AM CDT
A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. closed the transaction, pursuant to which a Rosneft subsidiary acquires a 100% participation interest in Trican Well Service LLC, which provides high-quality pressure pumping services focused on enhancement of production within the conventional oil and gas industry in Russia.
Trican Well Service Announces Closing of Sale of Its Russian Pressure Pumping Business
Marketwired - Thu Aug 20, 11:22AM CDT
Trican Well Service Ltd. (TSX: TCW) is pleased to announce the closing of the sale of its Russian pressure pumping business to RN Assets LLC (the "Purchaser" , a subsidiary of Rosneft Oil Company. As previously announced, the transaction involves the sale of all shares of Trican Well Service LLC, an indirect wholly-owned subsidiary of Trican that holds the Russian pressure pumping business, to the Purchaser for a purchase price of US $150 million, or approximately CDN $196.7 million at the August 19, 2015 exchange rate of 0.7628, which amount is comprised of a purchase price of US $140 million and an initial working capital adjustment of US $10 million, with additional working capital and net debt adjustments to be determined. Trican intends to apply the net proceeds from this transaction to reduce its outstanding debt.
TCW.TO: 1.18 (-0.03)
Rosneft Acquires a Russian Oilfield Service Company from Trican Well Service Ltd.
M2 - Mon Aug 17, 3:13AM CDT
A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. signed a framework agreement and ancillary documents, pursuant to which a Rosneft subsidiary agreed to acquire a 100% shareholding in Trican Well Service LLC, which provides high-quality pressure pumping services focused on enhancement of production within the conventional oil and gas industry in Russia. The purchaser has already obtained the necessary approval of the Federal Antimonopoly Service of the Russian Federation. The parties plan to close the transaction on August 20, 2015.
IIROC Trade Resumption - Trican Well Service Ltd.
Newsfile Corp - Fri Aug 14, 8:36AM CDT
Trading resumes in:
IIROC Trade Halt - Trican Well Service Ltd.
Newsfile Corp - Fri Aug 14, 8:33AM CDT
The following issues have been halted by IIROC:
Trican Reports Second Quarter Results for 2015
Marketwired - Fri Aug 14, 8:19AM CDT
Trican Well Service Ltd. (TSX: TCW) -
TCW.TO: 1.18 (-0.03)
Trican Well Service Reaches Agreement for Sale of Its Russian Pressure Pumping Business for CDN $181.6 M
Marketwired - Fri Aug 14, 8:14AM CDT
Trican (TSX: TCW) is pleased to announce that it has entered into a definitive agreement with RN Assets LLC (the "Purchaser" , a subsidiary of Rosneft Oil Company ("Rosneft" , for the sale of Trican's Russian pressure pumping business to the Purchaser. The transaction involves the sale of all shares of Trican Well Service LLC, an indirect wholly-owned subsidiary of Trican that holds the Russian pressure pumping business. The agreed purchase price for the disposition is US $140 million, or CDN $181.6 million at the August 13, 2015 exchange rate of .7708, with customary working capital and net debt adjustments to be determined. Trican intends to apply the net proceeds from this transaction to reduce its outstanding debt.
TCW.TO: 1.18 (-0.03)
Trican Well Service Ltd. Announces Second Quarter 2015 Conference Call
Marketwired - Tue Jul 21, 4:51PM CDT
Trican Well Service Ltd. ("Trican" (TSX: TCW) intends to release its Second Quarter 2015 results on Thursday, August 13, 2015 after the close of the market.
TCW.TO: 1.18 (-0.03)
The Global Well Intervention Market Size is Expected to Reach $13.84 billion by 2019, at a CAGR of 4.1% from 2014 to 2019
M2 - Tue Jun 09, 10:21AM CDT
Research and Markets (http://www.researchandmarkets.com/research/2n97x2/well_intervention) has announced the addition of the "Well Intervention Market by Service Types, Application Areas, and Geography - Global Trends & Forecast to 2019" report to their offering. Most of these companies primarily relied on growth strategies such as mergers & acquisitions, new service launches, technology enhancements, and expansions in diversified geographic areas from 2011 to 2014. The growing demand for technologically advanced and cost-effective intervention solutions has prompted most of the companies to launch innovative and integrated intervention services, inviting more service contracts to improve their market share. Therefore, companies involved in the well intervention business are expanding in emerging markets such as Africa and the Middle East. Integrated cost-effective intervention technologies are helping the companies to maximize their revenue, penetrate deeper in the existing market, and expand into new and emerging ones. The Americas accounted for the largest well intervention market share due to the maturity of existing wells in the region in 2014. Africa is a potential market, complemented by high investments in offshore field exploration and developments. Major well intervention services include logging & bottomhole survey, tubing/packer failure & repair, and stimulation. These three services accounted for almost half of the well intervention market in 2014. Increasing attention towards enhanced oil recovery is driving the growth of the well intervention market. Four years ago, the economic slump experienced by the Americas and European economies slowed down the growth rate of the well intervention services slightly. Companies Mentioned: - Archer Limited - Baker Hughes - Basic Energy Services Inc. - Expro International Group Holdings Ltd. - FMC Technologies Inc. - Halliburton Co. - Helix Energy Solutions Group Inc. - Key Energy Services Inc. - Lupatech SA - Nabors Industries Ltd. - Schlumberger Ltd. - Superior Energy Services Inc. - Trican Well Service Ltd. - Weatherford International Ltd. - Welltec International APS For more information visit http://www.researchandmarkets.com/research/2n...tervention About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
NBR: 11.98 (-0.10), HLX: 6.63 (+0.19), WFT: 10.77 (+0.15), KEG: 0.78 (+0.04), FTI: 34.45 (-0.32), SPN: 17.01 (+0.17), SLB: 76.36 (-0.28)
Coiled Tubing Market by Services (Well Intervention (Well Completion & Well Cleaning) & Drilling), Active Fleet & by Geography - Global Trends & Forecasts to 2020
M2 - Tue Jun 09, 3:23AM CDT
Research and Markets (http://www.researchandmarkets.com/research/47b2g6/coiled_tubing) has announced the addition of the "Coiled Tubing Market by Services (Well Intervention (Well Completion & Well Cleaning) & Drilling), Active Fleet & by Geography - Global Trends & Forecasts to 2020" report to their offering. With the high demand for energy in the African, Middle Eastern, and Asian regions, there has been an increase in exploration activities. This has enhanced the coiled tubing market, which is estimated to grow and reach approximately $4.4 Billion by 2020, at a CAGR of 6-7% from 2015 to 2020. Coiled Tubing (CT) is a cost effective solution for numerous well workover and intervention applications, which can continuously circulate through the tubing, and the CT pressure control equipment used in treating live wells. The tool string at the bottom of the coil is called as Bottom Hole Assembly (BHA). It can be a simple jetting nozzle to pump chemicals or cement through the coil or large string of logging tools. The coiled tube is straightened before being inserted into a wellbore and is re-spooled back onto the reel after completion of the operation in the wellbore. Key CT service categories include well intervention services, including well completion &well cleaning, and CT drilling among others. Some of the key uses of CT include circulation, pumping, logging, perforation, and production. Potential increase in recoverable resources and increased exploration, production, and completion activities are the most important drivers for the coiled tubing services market. CT services are used to enhance both oil and natural gas production, while these services are necessary for any type of well to complete it and enhance production. Increasing focus toward natural gas production also require CT services. North American is the largest market for coiled tubing, followed by Europe. The Middle East and African market continues to be key growth area, given the increasing demand for innovative technology in terms of oil & gas application, which is backed by new investments in the market. Ongoing and upcoming developments in offshore drilling and massive shale exploration and production activities are high-opportunity areas for the coiled tubing market. Growing energy demand and increasing E&P spending are major drivers for the market. North America is expected to continue its dominance in the CT market in 2015. This dominance is seen mainly due to continuous and large increment in the U.S. exploration and production activities. New and unconventional hydrocarbon recovery and its growth are important reasons for the growth of the coiled tubing market. North America has the highest market share because of favorable regulations in the region. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 CT Market, By Active Fleet 8 CT Market, By Services 9 CT Market, By Region 10 Competitive Landscape 11 Company Profiles - Archer (Bermuda), - Baker Hughes Inc. (U.S.), - Calfrac Well Services Ltd (Canada), - C&J Energy Services Inc. (U.S.), - Halliburton (U.S.), - Key Energy Services Inc. (U.S.), - Nabors Industries Ltd (Bermuda), - RPC Inc. (U.S.), - Sanjel Corporation (Canada), - Schlumberger Ltd (U.S.), - Superior Energy Services Inc. (U.S.), - Trican Well Service Ltd (Canada), and - Weatherford International Ltd (Switzerland), For more information visit http://www.researchandmarkets.com/research/47...led_tubing
CJES: 5.20 (-0.14), RES: 12.03 (+0.06), NBR: 11.98 (-0.10), WFT: 10.77 (+0.15), KEG: 0.78 (+0.04), SPN: 17.01 (+0.17), SLB: 76.36 (-0.28), BHI: 56.44 (-0.89)
Asia Pacific Well Intervention Market 2015-2019 with Baker Hughes, Halliburton, Schlumberger and Weatherford International Dominating
M2 - Thu May 28, 11:35AM CDT
Research and Markets (http://www.researchandmarkets.com/research/3xxmn4/asia_pacific_well) has announced the addition of the "Asia Pacific Well Intervention Market by Service Type, by Application, and by Country - Analysis & Forecast To 2019" report to their offering. Asia-Pacific well intervention services market is estimated to grow at a CAGR of 3.5% from 2014 to 2019 Geographically, Asia-Pacific is segmented as China, Australia, India, Indonesia, Malaysia, and others. China holds a larger share in Asia-Pacific well intervention market of 23% in 2013 followed by India with 21% of the market share. Asia-Pacific well intervention services market holds a high potential for growth in future due to the new explorations activities and discoveries of oilfields particularly in China and India. In 2014, logging & bottom hole survey held the largest market share of 19% within Asia-Pacific well intervention services market followed by tubing/packer failure & repair with 17% of the share. In this report, Asia-Pacific well intervention services market is also segmented on the basis of its applications, such as onshore and offshore. The report has profiled the leading players of this market along with their developments (new products and services launches, contracts and agreements, collaborations, and joint ventures) over the past few years and strategies adopted by them to sustain and strengthen their position in Asia-Pacific well intervention market. Baker Hughes Inc. (U.S.), Halliburton Co. (U.S.), Schlumberger Ltd. (U.S.), and Weatherford International PLC (Ireland) are some of the key players engaged in this market. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Market Overview 5 Asia-Pacific Well Intervention Market, By Application 6 Asia-Pacific Well Intervention Market, By Type 7 Asia-Pacific Well Intervention Market, By Country 8 Asia-Pacific Well Intervention Market: Competitive Landscape 9 Asia-Pacific Well Intervention Market, By Company - Baker Hughes Inc. - FMC Technologies, Inc. - Halliburton Co. - Key Energy Services, Inc. - Schlumberger Ltd. - Superior Energy Services, Inc. - Trican Well Service Ltd. - Weatherford International Plc For more information visit http://www.researchandmarkets.com/research/3x...cific_well
WFT: 10.77 (+0.15), KEG: 0.78 (+0.04), FTI: 34.45 (-0.32), SPN: 17.01 (+0.17), SLB: 76.36 (-0.28), BHI: 56.44 (-0.89)
Europe Coiled Tubing Market 2015-2019 - Services (Well Intervention, Drilling & others) & Applications (Onshore &Offshore)
M2 - Tue May 26, 5:16AM CDT
Research and Markets (http://www.researchandmarkets.com/research/nrfbn2/europe_coiled) has announced the addition of the "Europe Coiled Tubing Market by Services (Well Intervention, Drilling & others), By Application (Onshore &Offshore), By Countries - Regional Trend & Forecast to 2019" report to their offering. European coiled tubing market is expected to grow at a CAGR of 7.2% from 2014 to 2019 The rise in the demand for energy, growth in the number of oil reserves, changing geo-political & macro-economic factors and exploration of gas reserves are the key factors responsible for the growth of the coiled tubing market in Europe. Decreasing crude oil prices, strict government & environmental policies, and high market competition may act as restraints for the growth of the Europe coiled tubing market. The coiled tubing market in Russia and the U.K. contributed a share of about 70.0% to the European coiled tubing market. Ukraine, Poland, and Croatia are the emerging markets for coiled tubing services. In this report, coiled tubing market is classified based on two types of services: well intervention and drilling. The remaining services are considered under the category of other services. The well intervention service segment was the largest segment of this market, while drilling service segment are estimated to grow at the highest CAGR of 11.2% from 2014 to 2019. Russia contributed the share of 65.0% in 2014 to the coiled tubing market in Europe, followed by the U.K. The Europe coiled tubing market is a competitive market with a number of market players with niche technologies. As of 2014, the Europe coiled tubing market is estimated to be dominated by Schlumberger, Halliburton, Baker Hughes and Weatherford International Ltd. New product launches and mergers, acquisitions and joint ventures are the major strategies adopted by most market players to achieve growth in the coiled tubing market in Europe. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Market Overview 5 Europe Coiled Tubing Market, By Application 6 Europe Coiled Tubing Market, By Service Type 7 Europe Coiled Tubing Market, By Country 8 Europe Coiled Tubing Market: Competitive Landscape 9 Europe Coiled Tubing Services Market, By Companies - AKER Solutions ASA - Baker Hughes Inc. - Calfrac Well Services - Halliburton Company - Schlumberger Ltd. - Trican Well Service Ltd. - Weatherford International Ltd. For more information visit http://www.researchandmarkets.com/research/nr...ope_coiled
WFT: 10.77 (+0.15), SLB: 76.36 (-0.28), BHI: 56.44 (-0.89)
North America Well Completion Equipment & Services Market 2015 by Type, by Application & by Country - Trends & Forecast to 2019
M2 - Tue May 26, 4:59AM CDT
Research and Markets (http://www.researchandmarkets.com/research/tktrqt/north_america) has announced the addition of the "North America Well Completion Equipment & Services Market by Type (Packers, Sand Control Tools, Multi-stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, and Other), by Application & by Country - Trends & Forecast to 2019 " report to their offering. North America Completion Equipment & Services market: Expected to reach $5.27 billion market by 2019, signifying a firm annualized growth rate of 2.5% from 2014 to 2019. Completion equipment and services are used for a wide range of purposes after the drilling of well is carried out. Completion equipment and services are precisely used for converting a drilled well into a producing one. Completion includes various stages before the well starts production; these include casing, cementing, perforating, gravel packing, and installation of a production tree. In this report, the market has been analyzed on the basis of revenue generated by the completion equipment and services supplied by oilfield service companies to the oilfield services market in North America. Major value generation activities of the market are recorded in North America and the other regions are growing at a higher growth rate with the exploration of new reserves, creating growth prospects for the completion equipment and services market. The North American market is reaching towards maturity and the movement in the market would mainly be subjected to competition. The growth of completion equipment and services market depends on many reasons including environmental ones, which is an important hurdle for the growth of this market. The North American region has both natural resources as well as technology, to make production of hydrocarbons viable. Moreover, the presence of major players in the market also makes implementation of technology at the production site economical. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include Baker Hughes (U.S.), Superior Energy Services (U.S.), Halliburton (U.S.), Schlumberger (U.S.), and Weatherford International Inc. (Switzerland) among others. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Well Completion Equipment & Services Market, Buying Behavior Analysis 8 North America Well Completion Equipment & Services, By Type 9 North America Well Completion Equipment & Services, By Application 10 North America Well Completion Equipment & Services, By Country 11 Competitive Landscape 12 Company Profiles - Baker Hughes Incorporated - FTS International. - Halliburton - NCS Multistage - Nabors Industries Ltd. - National Oilwell Varco - Nine Energy Services Inc. - Packers Plus Energy Services Inc. - RPC Inc. - Schlumberger Ltd. - Superior Energy Services Inc. - Trican Well Service Ltd. - Weatherford International - Welltec as For more information visit http://www.researchandmarkets.com/research/tk...th_america
RES: 12.03 (+0.06), NBR: 11.98 (-0.10), WFT: 10.77 (+0.15), SPN: 17.01 (+0.17), SLB: 76.36 (-0.28), BHI: 56.44 (-0.89)
Trican Announces Agreement in Principle with Its Lender and Operational Update
Marketwired - Fri Sep 25, 7:48AM CDT
Trican Well Service Ltd. (TSX: TCW) is pleased to announce that it has reached an agreement in principle with its bank lenders under its revolving credit facility ("RCF"
and the holders of its senior notes to make certain amendments to the applicable credit documentation. TCW.TO: 1.18 (-0.03)
Oilfield Services Market: Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline - Global trends & Forecast to 2020
M2 - Wed Sep 16, 4:50AM CDT
Research and Markets (http://www.researchandmarkets.com/research/hp2mvh/oilfield_services) has announced the addition of the "Oilfield Services Market by Type (Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline ), & by Region - Global trends & Forecast to 2020" report to their offering. The global oil and gas production has increased over the last five years from 81.149 Million barrels per day in 2009 to 88.673 Million barrels per day in 2014. This has led to the supply for oil & gas exceeding its demand which has ultimately caused a decline in the prices of crude oil during the last six months of 2014. Oilfield services are used for varied purposes over the entire well life cycle that includes exploration, drilling, completion, stimulation, production, and intervention among others. The oilfield services which are used for production activities such as well intervention services, wireline services, and coiled tubing services among others, are expected to grow at a higher CAGR when compared to the overall oilfield services market during the forecast period. The market for oilfield services is projected to grow with a CAGR of 5.0% from 2015 to 2020. The crude oil prices are expected to increase progressively in the short term and are estimated to reach USD 80/ barrel by 2018. This rebound in oil price will be spurred by the delay in capacity addition as the oil & gas companies are currently shelving new projects to reduce their capital expenditure. With the increase in the price of crude oil, the investments for E&P activities will also increase which will lead to new projects in regions that are looking to overturn their production decline such as Europe and Asia-Pacific. This will in turn create further demand for the oilfield services in these regions. Growing production activities both on onshore and offshore regions have encouraged the demand for oilfield services for oil & gas wells. Moreover, new discoveries in offshore regions of Africa and South America coupled with the increase in unconventional oil & gas production in North America has further increased the demand for oilfield services. Leading providers of oilfield services are focussing on both developed as well as developing countries due to the critical nature of the oilfield services which allow it to be used over the entire well life cycle. The market has been segmented into On the basis of Service Type - Coiled Tubing Services - Well Completion Equipment & Services - Well Intervention Services - Pressure Pumping Services - Oil Country Tubular Goods (OCTG) - Drilling Waste Management Services - Drilling & Completion Fluids Services - Wireline Services On the basis of Application - Onshore - Offshore Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Oilfield Services Market, By Application 7 Oilfield Services Market, By Service Type 8 Oilfield Services Market, By Region 9 Competitive Landscape 10 Company Profiles - Archer Limited - Baker Hughes Incorporated - Basic Energy Services Inc. - Calfrac Well Services Ltd. - Expro International Group - Halliburton Company - Key Energy Services - Nabors Industries Ltd. - National Oilwell Varco, Inc. - Pioneer Energy Services - Precision Drilling Corporation - Schlumberger Limited - Superior Energy Services Inc. - Trican Well Service Ltd. - Weatherford International Ltd. For more information visit http://www.researchandmarkets.com/research/hp...d_services
NBR: 11.98 (-0.10), PDS: 5.09 (-0.16), PES: 3.32 (+0.02), SLB: 76.36 (-0.28), WFT: 10.77 (+0.15), KEG: 0.78 (+0.04), SPN: 17.01 (+0.17), BHI: 56.44 (-0.89)
Rosneft Closes the Transaction for the Acquisition of a Russian Oilfield Service Company from Trican Well Service Ltd.
M2 - Fri Aug 21, 3:19AM CDT
A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. closed the transaction, pursuant to which a Rosneft subsidiary acquires a 100% participation interest in Trican Well Service LLC, which provides high-quality pressure pumping services focused on enhancement of production within the conventional oil and gas industry in Russia.
Trican Well Service Announces Closing of Sale of Its Russian Pressure Pumping Business
Marketwired - Thu Aug 20, 11:22AM CDT
Trican Well Service Ltd. (TSX: TCW) is pleased to announce the closing of the sale of its Russian pressure pumping business to RN Assets LLC (the "Purchaser"
, a subsidiary of Rosneft Oil Company. As previously announced, the transaction involves the sale of all shares of Trican Well Service LLC, an indirect wholly-owned subsidiary of Trican that holds the Russian pressure pumping business, to the Purchaser for a purchase price of US $150 million, or approximately CDN $196.7 million at the August 19, 2015 exchange rate of 0.7628, which amount is comprised of a purchase price of US $140 million and an initial working capital adjustment of US $10 million, with additional working capital and net debt adjustments to be determined. Trican intends to apply the net proceeds from this transaction to reduce its outstanding debt. TCW.TO: 1.18 (-0.03)
Rosneft Acquires a Russian Oilfield Service Company from Trican Well Service Ltd.
M2 - Mon Aug 17, 3:13AM CDT
A company of the Rosneft Group and a subsidiary of Trican Well Service Ltd. signed a framework agreement and ancillary documents, pursuant to which a Rosneft subsidiary agreed to acquire a 100% shareholding in Trican Well Service LLC, which provides high-quality pressure pumping services focused on enhancement of production within the conventional oil and gas industry in Russia. The purchaser has already obtained the necessary approval of the Federal Antimonopoly Service of the Russian Federation. The parties plan to close the transaction on August 20, 2015.
IIROC Trade Resumption - Trican Well Service Ltd.
Newsfile Corp - Fri Aug 14, 8:36AM CDT
Trading resumes in:
IIROC Trade Halt - Trican Well Service Ltd.
Newsfile Corp - Fri Aug 14, 8:33AM CDT
The following issues have been halted by IIROC:
Trican Reports Second Quarter Results for 2015
Marketwired - Fri Aug 14, 8:19AM CDT
Trican Well Service Ltd. (TSX: TCW) -
TCW.TO: 1.18 (-0.03)
Trican Well Service Reaches Agreement for Sale of Its Russian Pressure Pumping Business for CDN $181.6 M
Marketwired - Fri Aug 14, 8:14AM CDT
Trican (TSX: TCW) is pleased to announce that it has entered into a definitive agreement with RN Assets LLC (the "Purchaser"
, a subsidiary of Rosneft Oil Company ("Rosneft" , for the sale of Trican's Russian pressure pumping business to the Purchaser. The transaction involves the sale of all shares of Trican Well Service LLC, an indirect wholly-owned subsidiary of Trican that holds the Russian pressure pumping business. The agreed purchase price for the disposition is US $140 million, or CDN $181.6 million at the August 13, 2015 exchange rate of .7708, with customary working capital and net debt adjustments to be determined. Trican intends to apply the net proceeds from this transaction to reduce its outstanding debt. TCW.TO: 1.18 (-0.03)
Trican Well Service Ltd. Announces Second Quarter 2015 Conference Call
Marketwired - Tue Jul 21, 4:51PM CDT
Trican Well Service Ltd. ("Trican"
(TSX: TCW) intends to release its Second Quarter 2015 results on Thursday, August 13, 2015 after the close of the market. TCW.TO: 1.18 (-0.03)
The Global Well Intervention Market Size is Expected to Reach $13.84 billion by 2019, at a CAGR of 4.1% from 2014 to 2019
M2 - Tue Jun 09, 10:21AM CDT
Research and Markets (http://www.researchandmarkets.com/research/2n97x2/well_intervention) has announced the addition of the "Well Intervention Market by Service Types, Application Areas, and Geography - Global Trends & Forecast to 2019" report to their offering. Most of these companies primarily relied on growth strategies such as mergers & acquisitions, new service launches, technology enhancements, and expansions in diversified geographic areas from 2011 to 2014. The growing demand for technologically advanced and cost-effective intervention solutions has prompted most of the companies to launch innovative and integrated intervention services, inviting more service contracts to improve their market share. Therefore, companies involved in the well intervention business are expanding in emerging markets such as Africa and the Middle East. Integrated cost-effective intervention technologies are helping the companies to maximize their revenue, penetrate deeper in the existing market, and expand into new and emerging ones. The Americas accounted for the largest well intervention market share due to the maturity of existing wells in the region in 2014. Africa is a potential market, complemented by high investments in offshore field exploration and developments. Major well intervention services include logging & bottomhole survey, tubing/packer failure & repair, and stimulation. These three services accounted for almost half of the well intervention market in 2014. Increasing attention towards enhanced oil recovery is driving the growth of the well intervention market. Four years ago, the economic slump experienced by the Americas and European economies slowed down the growth rate of the well intervention services slightly. Companies Mentioned: - Archer Limited - Baker Hughes - Basic Energy Services Inc. - Expro International Group Holdings Ltd. - FMC Technologies Inc. - Halliburton Co. - Helix Energy Solutions Group Inc. - Key Energy Services Inc. - Lupatech SA - Nabors Industries Ltd. - Schlumberger Ltd. - Superior Energy Services Inc. - Trican Well Service Ltd. - Weatherford International Ltd. - Welltec International APS For more information visit http://www.researchandmarkets.com/research/2n...tervention About Research and Markets Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
NBR: 11.98 (-0.10), HLX: 6.63 (+0.19), WFT: 10.77 (+0.15), KEG: 0.78 (+0.04), FTI: 34.45 (-0.32), SPN: 17.01 (+0.17), SLB: 76.36 (-0.28)
Coiled Tubing Market by Services (Well Intervention (Well Completion & Well Cleaning) & Drilling), Active Fleet & by Geography - Global Trends & Forecasts to 2020
M2 - Tue Jun 09, 3:23AM CDT
Research and Markets (http://www.researchandmarkets.com/research/47b2g6/coiled_tubing) has announced the addition of the "Coiled Tubing Market by Services (Well Intervention (Well Completion & Well Cleaning) & Drilling), Active Fleet & by Geography - Global Trends & Forecasts to 2020" report to their offering. With the high demand for energy in the African, Middle Eastern, and Asian regions, there has been an increase in exploration activities. This has enhanced the coiled tubing market, which is estimated to grow and reach approximately $4.4 Billion by 2020, at a CAGR of 6-7% from 2015 to 2020. Coiled Tubing (CT) is a cost effective solution for numerous well workover and intervention applications, which can continuously circulate through the tubing, and the CT pressure control equipment used in treating live wells. The tool string at the bottom of the coil is called as Bottom Hole Assembly (BHA). It can be a simple jetting nozzle to pump chemicals or cement through the coil or large string of logging tools. The coiled tube is straightened before being inserted into a wellbore and is re-spooled back onto the reel after completion of the operation in the wellbore. Key CT service categories include well intervention services, including well completion &well cleaning, and CT drilling among others. Some of the key uses of CT include circulation, pumping, logging, perforation, and production. Potential increase in recoverable resources and increased exploration, production, and completion activities are the most important drivers for the coiled tubing services market. CT services are used to enhance both oil and natural gas production, while these services are necessary for any type of well to complete it and enhance production. Increasing focus toward natural gas production also require CT services. North American is the largest market for coiled tubing, followed by Europe. The Middle East and African market continues to be key growth area, given the increasing demand for innovative technology in terms of oil & gas application, which is backed by new investments in the market. Ongoing and upcoming developments in offshore drilling and massive shale exploration and production activities are high-opportunity areas for the coiled tubing market. Growing energy demand and increasing E&P spending are major drivers for the market. North America is expected to continue its dominance in the CT market in 2015. This dominance is seen mainly due to continuous and large increment in the U.S. exploration and production activities. New and unconventional hydrocarbon recovery and its growth are important reasons for the growth of the coiled tubing market. North America has the highest market share because of favorable regulations in the region. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 CT Market, By Active Fleet 8 CT Market, By Services 9 CT Market, By Region 10 Competitive Landscape 11 Company Profiles - Archer (Bermuda), - Baker Hughes Inc. (U.S.), - Calfrac Well Services Ltd (Canada), - C&J Energy Services Inc. (U.S.), - Halliburton (U.S.), - Key Energy Services Inc. (U.S.), - Nabors Industries Ltd (Bermuda), - RPC Inc. (U.S.), - Sanjel Corporation (Canada), - Schlumberger Ltd (U.S.), - Superior Energy Services Inc. (U.S.), - Trican Well Service Ltd (Canada), and - Weatherford International Ltd (Switzerland), For more information visit http://www.researchandmarkets.com/research/47...led_tubing
CJES: 5.20 (-0.14), RES: 12.03 (+0.06), NBR: 11.98 (-0.10), WFT: 10.77 (+0.15), KEG: 0.78 (+0.04), SPN: 17.01 (+0.17), SLB: 76.36 (-0.28), BHI: 56.44 (-0.89)
Asia Pacific Well Intervention Market 2015-2019 with Baker Hughes, Halliburton, Schlumberger and Weatherford International Dominating
M2 - Thu May 28, 11:35AM CDT
Research and Markets (http://www.researchandmarkets.com/research/3xxmn4/asia_pacific_well) has announced the addition of the "Asia Pacific Well Intervention Market by Service Type, by Application, and by Country - Analysis & Forecast To 2019" report to their offering. Asia-Pacific well intervention services market is estimated to grow at a CAGR of 3.5% from 2014 to 2019 Geographically, Asia-Pacific is segmented as China, Australia, India, Indonesia, Malaysia, and others. China holds a larger share in Asia-Pacific well intervention market of 23% in 2013 followed by India with 21% of the market share. Asia-Pacific well intervention services market holds a high potential for growth in future due to the new explorations activities and discoveries of oilfields particularly in China and India. In 2014, logging & bottom hole survey held the largest market share of 19% within Asia-Pacific well intervention services market followed by tubing/packer failure & repair with 17% of the share. In this report, Asia-Pacific well intervention services market is also segmented on the basis of its applications, such as onshore and offshore. The report has profiled the leading players of this market along with their developments (new products and services launches, contracts and agreements, collaborations, and joint ventures) over the past few years and strategies adopted by them to sustain and strengthen their position in Asia-Pacific well intervention market. Baker Hughes Inc. (U.S.), Halliburton Co. (U.S.), Schlumberger Ltd. (U.S.), and Weatherford International PLC (Ireland) are some of the key players engaged in this market. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Market Overview 5 Asia-Pacific Well Intervention Market, By Application 6 Asia-Pacific Well Intervention Market, By Type 7 Asia-Pacific Well Intervention Market, By Country 8 Asia-Pacific Well Intervention Market: Competitive Landscape 9 Asia-Pacific Well Intervention Market, By Company - Baker Hughes Inc. - FMC Technologies, Inc. - Halliburton Co. - Key Energy Services, Inc. - Schlumberger Ltd. - Superior Energy Services, Inc. - Trican Well Service Ltd. - Weatherford International Plc For more information visit http://www.researchandmarkets.com/research/3x...cific_well
WFT: 10.77 (+0.15), KEG: 0.78 (+0.04), FTI: 34.45 (-0.32), SPN: 17.01 (+0.17), SLB: 76.36 (-0.28), BHI: 56.44 (-0.89)
Europe Coiled Tubing Market 2015-2019 - Services (Well Intervention, Drilling & others) & Applications (Onshore &Offshore)
M2 - Tue May 26, 5:16AM CDT
Research and Markets (http://www.researchandmarkets.com/research/nrfbn2/europe_coiled) has announced the addition of the "Europe Coiled Tubing Market by Services (Well Intervention, Drilling & others), By Application (Onshore &Offshore), By Countries - Regional Trend & Forecast to 2019" report to their offering. European coiled tubing market is expected to grow at a CAGR of 7.2% from 2014 to 2019 The rise in the demand for energy, growth in the number of oil reserves, changing geo-political & macro-economic factors and exploration of gas reserves are the key factors responsible for the growth of the coiled tubing market in Europe. Decreasing crude oil prices, strict government & environmental policies, and high market competition may act as restraints for the growth of the Europe coiled tubing market. The coiled tubing market in Russia and the U.K. contributed a share of about 70.0% to the European coiled tubing market. Ukraine, Poland, and Croatia are the emerging markets for coiled tubing services. In this report, coiled tubing market is classified based on two types of services: well intervention and drilling. The remaining services are considered under the category of other services. The well intervention service segment was the largest segment of this market, while drilling service segment are estimated to grow at the highest CAGR of 11.2% from 2014 to 2019. Russia contributed the share of 65.0% in 2014 to the coiled tubing market in Europe, followed by the U.K. The Europe coiled tubing market is a competitive market with a number of market players with niche technologies. As of 2014, the Europe coiled tubing market is estimated to be dominated by Schlumberger, Halliburton, Baker Hughes and Weatherford International Ltd. New product launches and mergers, acquisitions and joint ventures are the major strategies adopted by most market players to achieve growth in the coiled tubing market in Europe. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Market Overview 5 Europe Coiled Tubing Market, By Application 6 Europe Coiled Tubing Market, By Service Type 7 Europe Coiled Tubing Market, By Country 8 Europe Coiled Tubing Market: Competitive Landscape 9 Europe Coiled Tubing Services Market, By Companies - AKER Solutions ASA - Baker Hughes Inc. - Calfrac Well Services - Halliburton Company - Schlumberger Ltd. - Trican Well Service Ltd. - Weatherford International Ltd. For more information visit http://www.researchandmarkets.com/research/nr...ope_coiled
WFT: 10.77 (+0.15), SLB: 76.36 (-0.28), BHI: 56.44 (-0.89)
North America Well Completion Equipment & Services Market 2015 by Type, by Application & by Country - Trends & Forecast to 2019
M2 - Tue May 26, 4:59AM CDT
Research and Markets (http://www.researchandmarkets.com/research/tktrqt/north_america) has announced the addition of the "North America Well Completion Equipment & Services Market by Type (Packers, Sand Control Tools, Multi-stage Fracturing Tools, Liner Hangers, Smart Wells, Safety Valves, and Other), by Application & by Country - Trends & Forecast to 2019 " report to their offering. North America Completion Equipment & Services market: Expected to reach $5.27 billion market by 2019, signifying a firm annualized growth rate of 2.5% from 2014 to 2019. Completion equipment and services are used for a wide range of purposes after the drilling of well is carried out. Completion equipment and services are precisely used for converting a drilled well into a producing one. Completion includes various stages before the well starts production; these include casing, cementing, perforating, gravel packing, and installation of a production tree. In this report, the market has been analyzed on the basis of revenue generated by the completion equipment and services supplied by oilfield service companies to the oilfield services market in North America. Major value generation activities of the market are recorded in North America and the other regions are growing at a higher growth rate with the exploration of new reserves, creating growth prospects for the completion equipment and services market. The North American market is reaching towards maturity and the movement in the market would mainly be subjected to competition. The growth of completion equipment and services market depends on many reasons including environmental ones, which is an important hurdle for the growth of this market. The North American region has both natural resources as well as technology, to make production of hydrocarbons viable. Moreover, the presence of major players in the market also makes implementation of technology at the production site economical. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include Baker Hughes (U.S.), Superior Energy Services (U.S.), Halliburton (U.S.), Schlumberger (U.S.), and Weatherford International Inc. (Switzerland) among others. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Industry Trends 7 Well Completion Equipment & Services Market, Buying Behavior Analysis 8 North America Well Completion Equipment & Services, By Type 9 North America Well Completion Equipment & Services, By Application 10 North America Well Completion Equipment & Services, By Country 11 Competitive Landscape 12 Company Profiles - Baker Hughes Incorporated - FTS International. - Halliburton - NCS Multistage - Nabors Industries Ltd. - National Oilwell Varco - Nine Energy Services Inc. - Packers Plus Energy Services Inc. - RPC Inc. - Schlumberger Ltd. - Superior Energy Services Inc. - Trican Well Service Ltd. - Weatherford International - Welltec as For more information visit http://www.researchandmarkets.com/research/tk...th_america
RES: 12.03 (+0.06), NBR: 11.98 (-0.10), WFT: 10.77 (+0.15), SPN: 17.01 (+0.17), SLB: 76.36 (-0.28), BHI: 56.44 (-0.89)
