Oilfield Services

Source: World Oil

Halliburton appoints new Eastern Hemisphere President

World Oil


(WO) — Halliburton Company announced that Shannon Slocum, Senior Vice President, Global Business Development and Marketing, has been promoted to the role of President, Eastern Hemisphere, effective immediately. Joe Rainey, President, Eastern Hemisphere, is retiring and will serve …

Source: Reuters

Baker Hughes, Amazon Web Services partner to develop automated field production solution for oil and gas industry

World Oil


(WO) – Baker Hughes, an energy technology company, signed a strategic collaboration agreement with Amazon Web Services, Inc. (AWS) to develop, market and sell the cloud-based Leucipa automated field production solution. The initial phase of the solution was …

Source: Reuters

Oilfield services shine as energy earnings lift off

Oil Price


We are in the early innings of the earnings season with just 11% of S&P 500 companies having reported Q4 2022 results. Once again, the energy sector is emerging as the class valedictorian, with the sector’s expected earnings …

Source: Reuters

Halliburton announces fourth quarter 2022 results and increases dividend

Oil and Gas 360


HOUSTON–(BUSINESS WIRE)–Jan. 24, 2023– Halliburton Company (NYSE: HAL) announced today net income of $656 million, or $0.72 per diluted share, for the fourth quarter of 2022. This compares to net income for the third quarter of …

Source: Reuters

Oilfield services firm SLB beats fourth-quarter profit forecast

Investing


SLB, the world’s largest oilfield services firm, beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment as oil and gas prices remained elevated amid tight supplies.

SLB, formerly called Schlumberger …

Source: Reuters

UK says Baker Hughes-Altus deal may hurt competition in oil well services

Yahoo Finance


Britain’s competition watchdog said on Tuesday U.S.-listed oilfield services firm Baker Hughes Co’s acquisition of Altus Intervention could reduce competition among UK oil and gas operators.

 

The Competition and Markets Authority (CMA) said it was concerned that …

Source: Reuters

Halliburton: The era of exponential growth in U.S. oil and gas is over

Oil Price


The era of “exponential” growth in the U.S. oil and gas industry is over as most shale firms are returning cash to investors instead of going into debt to drill more, according to Halliburton, the world’s largest fracking …

Schlumberger becomes SLB, a technology company driving the future of energy

Schlumberger becomes SLB, a technology company driving the future of energy

World Oil


HOUSTON — Schlumberger today announced its new name—SLB—underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for …

Source: Reuters

Schlumberger beats earnings estimates as Q2 revenues grow by 10%

Oil Price


The world’s largest oilfield services provider Schlumberger (NYSE: SLB), reported on Friday third-quarter earnings beating analyst estimates, thanks to accelerating international drilling activity on top of already robust activity in North America.

 

Schlumberger reported earnings …

Source: Oil Price

Oilfield services giants are primed to post very strong earnings

Oil Price


The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact, expectations are for one of the strongest reports in years on the back …

Source: WOrld Oil

Oilfield jobs increase, employment gains tapered, as sector reaches closer to pre-pandemic levels

World Oil


Employment in the U.S. oilfield services, and equipment sector rose by an estimated 2,566 jobs to 640,767 in September, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to August numbers and analysis by …

Source: slb.com

Schlumberger partners with Gradiant to sustainably produce battery-grade lithium compounds

World Oil


Schlumberger announced it has entered into a partnership with Gradiant, a global water solutions provider, to introduce a key sustainable technology into the production process for battery-grade lithium compounds.

 

As part of Schlumberger’s NeoLith Energy direct …

Source: World Oil

Arabian Drilling Co. hires Goldman, HSBC, SNB Capital for IPO

World Oil


(Bloomberg) — Arabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, hired Goldman Sachs Group Inc, HSBC Holdings Plc and SNB Capital to manage its IPO in Riyadh, seeking to join a steady stream …

Source: Baker Hughes

Baker Hughes announces simplified organization to enhance profitability and position for growth

Oil and Gas 360


HOUSTON and LONDON, Sept. 06, 2022 (GLOBE NEWSWIRE) — Baker Hughes Company (NASDAQ: BKR) (“Baker Hughes” or the “Company”) has announced it is restructuring and simplifying its organization and accelerating its strategic transformation.

These changes will …

Exclusive: Select Energy Services at EnerCom Denver-The Energy Investment Conference®

Exclusive: Select Energy Services at EnerCom Denver-The Energy Investment Conference®

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Select Energy Services delivers end-to-end water solutions through strategic field locations across every major shale play in the U.S. The agility of our personnel

Exclusive: Independence Contract Drilling at EnerCom Denver-The Energy Investment Conference®

Exclusive: Independence Contract Drilling at EnerCom Denver-The Energy Investment Conference®

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Independence Contract Drilling is a premium land drilling services provider. From our corporate headquarters in Houston, Texas, we develop and assemble our ShaleDriller® series rig

Exclusive: Parex Resources at EnerCom Denver-The Energy Investment Conference®

Exclusive: Parex Resources at EnerCom Denver-The Energy Investment Conference®

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Parex Resources, with over 10 years of experience is now the largest independent exploration and production company in Colombia. We are focused on delivering sustainable,

Exclusive: Aureus Energy Services at EnerCom Denver-The Energy Investment Conference®

Exclusive: Aureus Energy Services at EnerCom Denver-The Energy Investment Conference®

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Aureus Energy Services provides a wide variety of water and fluid related solutions across North America. We take pride in delivering safe and efficient

Exclusive: PetroTal at EnerCom Denver-The Energy Investment Conference®

Exclusive: PetroTal at EnerCom Denver-The Energy Investment Conference®

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PetroTal is a publicly-traded oil and gas development and production company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. The

Source: World Oil

Drilling automation streamlines operations, improves safety

World Oil


Digitalization is changing the face of drilling, allowing rig owners to improve performance and reducing operational costs for operators. The value of this transformation is evident but making the most of it requires an investment that not every …

Exclusive: Petrie Partners Keynote at EnerCom Denver-The Energy Investment Conference®

Exclusive: Petrie Partners Keynote at EnerCom Denver-The Energy Investment Conference®

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Petrie Partners, LLC is a boutique investment banking firm offering financial advisory services to the oil and gas industry. We provide specialized advice on mergers,

Exclusive: Liberty Energy at EnerCom Denver-The Energy Investment Conference®

Exclusive: Liberty Energy at EnerCom Denver-The Energy Investment Conference®

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Liberty is an innovative service company providing stimulation services to optimize well production. We focus on offering safe, efficient and high quality hydraulic fracturing and

Source: Reuters

Baker Hughes acquiring artificial lift, oil field solutions provider AccessESP

World Oil


HOUSTON – Baker Hughes has announced it is acquiring AccessESP, a provider of advanced technology for artificial lift solutions, to further transform core oil and gas operations by reducing costs and downtime for operators.

 

AccessESP’s “GoRigless ESP …

Kosmos Energy awards Schlumberger integrated subsea boosting system contract

Kosmos Energy awards Schlumberger integrated subsea boosting system contract

World Oil


HOUSTON — Schlumberger announced an award to OneSubsea® and its alliance partner, Subsea 7, by Kosmos Energy Gulf of Mexico Operations, LLC, for an engineering, procurement, construction and installation (EPCI) contract for the Odd Job field in …

Source: World Oil

Oilfield services jobs rise again for eight straight months of growth

World Oil


Employment in the U.S. oilfield services and equipment sector rose by an estimated 4,999 jobs to 633,198 in June, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology …

ProFrac Holding Corp. to acquire U.S. Well Services, Inc.

ProFrac Holding Corp. to acquire U.S. Well Services, Inc.

Oil and Gas 360


WILLOW PARK, Texas and HOUSTONJune 21, 2022 /PRNewswire/ — ProFrac Holding Corp. (NASDAQ: PFHC) (“ProFrac” or the “Company”) announced today that it has reached an agreement to acquire U.S. Well Services, Inc. (NASDAQ: USWS) …

Source: World Oil

Oilfield employment continues to rise as overall U.S. labor market gains

World Oil


Employment in the U.S. oilfield services, and equipment sector rose by an estimated 4,774 jobs to 628,793 in May, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology …

Source: Reuters

Oil’s hired hands see outlook brighten as war fractures markets

World Oil


(Bloomberg) — The global oil industry is on pace to repeat or even surpass the heady days of 2008 when crude ascended to dizzying heights and drilling profits soared, according to the world’s biggest oilfield contractor.

In the …

Source: Reuters

Schlumberger reports higher profit as drilling activity increases, hikes dividend

Reuters


Top oilfield services firm Schlumberger (NYSE:SLB) reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment.

Oil prices climbed to their highest in more …

Source: Bloomberg

Liberty Oilfield posts best sales in years on fracing boom

World News

(Bloomberg) — Liberty Oilfield Services Inc. posted its best quarterly sales since going public more than four years ago as the global energy crisis spurs a boom in demand for fracing.

The second-biggest provider of frac work in …