Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )

360 Articles

Source: Data Gumbo

Verisk to Acquire Genscape

By Tyler Losier, Energy Reporter, Oil & Gas 360 Genscape will become a part of Verisk subsidiary Wood Mackenzie Verisk (stock ticker: VRSK), a data analytics provider headquartered in New Jersey, has signed a definitive agreement to acquire Genscape, a provider of real-time data for commodity markets, from Daily Mail and General Trust (DMGT) for $364 million in cash. As[Read More…]

Enerflex Appoints New CFO, General Counsel

Enerflex Appoints New CFO, General Counsel

By Tyler Losier, Energy Reporter, Oil & Gas 360 Enerflex names Sanjay Bishnoi as senior vice president and CFO, David Izett as senior vice president and general counsel Enerflex Ltd. (stock ticker: ENRFF), a Calgary-based oilfield service company, has appointed Sanjay Bishnoi as senior vice president and chief financial officer, and David H. Izett as senior vice president and general[Read More…]

Paal Kibsgaard (source: Schlumberger Limited)

Former Schlumberger CEO Recommended for Chairman Role at Borr Drilling

By Tyler Losier, Energy Reporter, Oil & Gas 360 Borr Drilling board of directors recommends appointment of Paal Kibsgaard as chairman The board of directors for Borr Drilling Limited (stock ticker: BORR), an international drilling contractor based out of Bermuda, has recommended former Schlumberger (stock ticker: SLB) CEO Paal Kibsgaard be appointed as the company’s new chairman, following a unanimous[Read More…]

Source: Ashtead Technology

Forum Energy Technologies Sells Ashtead Technology

By Tyler Losier, Energy Reporter, Oil & Gas 360 Forum Energy Technologies to sell its aggregate 40% interest in Ashtead Technology for $39 million Forum Energy Technologies Inc. (stock ticker: FET), a global oilfield products company, has entered into a definitive agreement through its subsidiaries to sell an aggregate 40% interest in Ashtead Technology, a subsea rentals company, to majority[Read More…]

Source: Park Energy Services

Park Energy Services Appoints New President and COO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Tim Knox to serve as Park Energy Services’ new president and COO Park Energy Services, a portfolio company of private equity firm Rock Hill Capital, has appointed Tim Knox as president and chief operating officer, effective August 19. “We are very excited to announce the addition of Tim Knox to the[Read More…]

Source: TOPS/LinkedIn

Black Bay Energy Capital Backs Permian-Based Oilfield Services Company

By Tyler Losier, Energy Reporter, Oil & Gas 360 Black Bay Energy Capital forms partnership with Total Operations and Production Services Black Bay Energy Capital, a private equity firm focused primarily on the oilfield services and equipment sector, has formed a partnership with, and made an investment in, Total Operations and Production Services (TOPS). TOPS, which operates in the Permian[Read More…]

Source: Quintana Energy Services

Quintana Energy Services Names New CEO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Christopher J. Baker named president and CEO of Quintana Energy Services Quintana Energy Services (stock ticker: QES), an onshore oilfield services company operating across the United States, has named Christopher J. Baker as its president and chief executive officer, effective immediately. Baker will replace former CEO Rogers Herndon, who has resigned[Read More…]

Source: Borr Drilling

Borr Drilling Awarded Contract by Pemex

By Tyler Losier, Energy Reporter, Oil & Gas 360 Borr Drilling is awarded its fourth Mexican contract in less than nine months Borr Drilling (stock ticker: BORR), an international drilling contractor headquartered in Bermuda, has been awarded a contract by Petróleos Mexicanos (Pemex) for the employment of a jack-up drilling rig. Previously, the company has entered into two other similar[Read More…]

Source: Boor Drilling

Borr Drilling Goes Public

By Tyler Losier, Energy Reporter, Oil & Gas 360 Borr Drilling Limited launches IPO of five million common shares Borr Drilling (stock ticker: BORR), an international drilling contractor headquartered in Bermuda, has launched an initial public offering (IPO) in the United States for 5 million of its common shares. The newly public security will trade under the ticker symbol “BORR.”[Read More…]

Gale Norton Joins Liberty Oilfield Services’ Board of Directors

Gale Norton Joins Liberty Oilfield Services’ Board of Directors

By Tyler Losier, Energy Reporter, Oil & Gas 360 Liberty Oilfield Services appoints Gale Norton to its board of directors Gale Norton, former secretary of the interior for the George W. Bush White House, will be joining Liberty Oilfield Services (stock ticker: LBRT) as a member of its board of directors. Additionally, she has been appointed as the chair of[Read More…]

New VP of Investor Relations at Baker Hughes

New VP of Investor Relations at Baker Hughes

By Tyler Losier, Energy Reporter, Oil & Gas 360 Jud Bailey named vice president of investor relations at Baker Hughes General Electric Baker Hughes (stock ticker: BHGE), an oilfield services company owned by General Electric (stock ticker: GE), has appointed Jud Bailey as its new vice president of investor relations, effective as of August 2019. Bailey will replace Philipp Mueller,[Read More…]

Pacific Drilling Gets a New CFO

Pacific Drilling Gets a New CFO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Pacific Drilling appoints James W. Harris as senior vice president, chief financial officer Pacific Drilling S.A. (stock ticker: PACD), a deepwater offshore drilling contractor, has appointed James W. Harris to serve as the company’s senior vice president and chief financial officer. He will be replacing Johannes P. Boots, who has come[Read More…]

New CEO, Chairman at Schlumberger

New CEO, Chairman at Schlumberger

By Tyler Losier, Energy Reporter, Oil & Gas 360 Schlumberger appoints Olivier Le Peuch as CEO, Mark G. Papa as non-executive chairman of the board Schlumberger Limited (stock ticker: SLB), the largest public oilfield services company in the world by both market capitalization and enterprise value, has elected Olivier Le Peuch as its chief executive officer, effective August 1, 2019.[Read More…]

Source: Parker Drilling Company

Parker Drilling’s President and CEO Retires

By Tyler Losier, Energy Reporter, Oil & Gas 360 President and CEO of Parker Drilling will retire later this year Parker Drilling Company’s (stock ticker: PKD) president, CEO and director Gary Rich will be retiring from his position later this year, once a suitable replacement can be found. Parker’s board of directors is actively conducting a comprehensive search for a[Read More…]

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017

U.S.’s 2020 crude oil production en route to 13.3 MMBOPD – EIA  By Bevo Beaven, Editor, Oil & Gas 360 There’s no doubt that production around the U.S. oilpatch is continuing its significant upward momentum. In the heart of the price-crash doldrums, the EIA reported in April 2016 that U.S. crude oil production fell below the 9 MMBOPD mark for[Read More…]

Source: Kuwait Oil Company

Kuwait Teams Up with Halliburton

By Tyler Losier, Energy Reporter, Oil & Gas 360 First offshore project for Kuwait since early 1980s Kuwait Oil Company (KOC) and Halliburton (stock ticker: HAL) have signed an integrated offshore drilling services contract for six high-pressure, high-temperature exploration wells and two jack-up rigs in the Arabian Gulf. This marks the first time since the early 1980s that KOC is[Read More…]

Source: U.S. Well Services

U.S. Well Services Deploys Clean Fleet to Permian

By Tyler Losier, Energy Reporter, Oil & Gas 360 PowerPath technology will be utilized at 16 wells U.S. Well Services (stock ticker: USWS) has deployed its all-electric hydraulic fracturing Clean Fleet, powered by a technology it calls PowerPath, to the first of sixteen wells located in the Permian Basin on behalf of an unnamed E&P operator. PowerPath technology has the[Read More…]

Source: Archrock

Archrock Makes $410 Million Acquisition

By Tyler Losier, Energy Reporter, Oil & Gas 360 Archrock to purchase ~430,000 horsepower of compression from Elite Compression Services Houston-based Archrock, Inc. (stock ticker: AROC) has entered into a definitive agreement with Elite Compression Services, a JDH Capital-backed company, to purchase substantially all of Elite’s assets for $410 million, including approximately 430,000 horsepower of compression. Archrock will pay Elite[Read More…]

Source: Data Gumbo

GE Oil & Gas Alum Joins Tech Company as CCO

By Tyler Losier, Energy Reporter, Oil & Gas 360 Sergio A. Tuberquia joins Data Gumbo as chief commercial officer Data Gumbo, a blockchain-as-a-service (BaaS) company based in Houston, has tapped Sergio A. Tuberquia for the position of chief commercial officer. The hiring of Tuberquia comes shortly after the company received $6 million in series A funding led by Saudi Aramco[Read More…]

CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf

CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf

By Bevo Beaven, Editor, Oil & Gas 360 Maersk Drilling (stock ticker: DDRLF) said that its customer CNOOC subsidiary CNOOC Petroleum Europe has exercised a one-well option for its Mærsk Innovator jack-up rig in the North Sea. CNOOC will use the rig to continue drilling infill wells at the Buzzard field on the UK Continental Shelf. Mærsk Innovator is a CJ70[Read More…]

Equals to Merge

Equals to Merge

By Tyler Losier, Energy Reporter, Oil & Gas 360 Oilfield service consolidation rolls on C&J Energy Services (stock ticker: CJ) and Keane Group, Inc. (stock ticker: FRAC) have entered into a definitive agreement to combine in an all-stock merger of equals. Upon close, the merger will create a well completion and production services company with a presence in most active[Read More…]

Source: Occidental Petroleum

Occidental Petroleum CFO Cedric Burgher to be Keynote Speaker on Day One of The Oil & Gas Conference® 2019

EnerCom conference presenter schedule is posted By Bevo Beaven, Editor, Oil & Gas 360 EnerCom said that Senior Vice President and Chief Financial Officer of Occidental Petroleum (NYSE: OXY) Cedric Burgher will deliver the luncheon keynote address on Monday, August 12, 2019, at EnerCom’s The Oil & Gas Conference® in downtown Denver’s Westin hotel. Burgher joined Occidental in May 2017 bringing more than 25 years of experience in the energy sector. Prior[Read More…]

Executive Shuffleboard at Calfrac

Executive Shuffleboard at Calfrac

By Bevo Beaven, Editor, Oil & Gas 360 Calfrac Well Services Ltd. (stock ticker: CFW) announced a number of executive changes: President and CEO Fernando Aguilar announced his retirement; Calfrac COO Lindsay Link has been promoted to president and chief operating officer and was placed on Calfrac’s board of directors; Board Chairman Ronald P. Mathison, one of Calfrac’s founders, was named[Read More…]

Stunning Stock Stat: 40% of Energy Stocks Hit 52-Week Lows in May, While WTI is Up 21% YTD: Johnson Rice

Stunning Stock Stat: 40% of Energy Stocks Hit 52-Week Lows in May, While WTI is Up 21% YTD: Johnson Rice

Snapshot of energy companies followed by JRCO energy analysts that hit 52-week lows in May Louisiana-based Johnson Rice & Company’s energy research team put out a table and a stat that makes it pretty clear how investors have been thinking about taking new positions in energy companies in May. Eighteen of the 46 E&Ps that JRCO follows are at a[Read More…]

Continental Petroleum Chairman Harold Hamm to Keynote EnerCom’s The Oil & Gas Conference® Tues. Aug. 13, 2019

Continental Petroleum Chairman Harold Hamm to Keynote EnerCom’s The Oil & Gas Conference® Tues. Aug. 13, 2019

Occidental Petroleum (NYSE: OXY) CFO Cedric Burgher will give the EnerCom luncheon keynote address on Monday, Aug. 12.  EnerCom said that legendary oilman Harold G. Hamm, chairman and CEO of Continental Resources (NYSE: CLR), will take the stage for a discussion about U.S. shale and look at the prospects for U.S. oil and gas exploration in a “fireside chat” Tuesday,[Read More…]

Core Lab Sees International Activity, Free Cash Focus Driving 2019

Core Lab Sees International Activity, Free Cash Focus Driving 2019

Slowing U.S. activity shifts focus By Richard Rostad, analyst, Oil & Gas 360 Core Laboratories (ticker: CLB) announced first quarter earnings last week, showing net income of $40.5 million, or $0.90 per share. Core reports revenue fell slightly year-over-year, down 0.5% to $169 million. However, the company’s ongoing corporate restructuring has yielded a significant tax benefit, which boosted results. Core[Read More…]

Schlumberger Looks to International Activity For 2019 Growth

Schlumberger Looks to International Activity For 2019 Growth

Slow capital spending since 2014 must be made up for New international discoveries in 2018 hit the lowest level since 2000 SLB sees North American E&P investments falling 10% in 2019 By Richard Rostad, analyst, Oil & Gas 360 Schlumberger (ticker: SLB) kicked off Q1 2019 earnings today, announcing $421 million in net income or $0.30 per share. The slowing[Read More…]

Earnings in Brief: Six E&Ps and a Sand Supplier Announce 2018 Wins, Losses - Oil & Gas 360

Earnings in Brief: Six E&Ps and a Sand Supplier Announce 2018 Wins, Losses

2018 Earnings season gets ready for a wrap As oil and gas earnings are getting ready for the wrap party, a group of middle market producers and a proppant company announced earnings in the past few days, with key points summarized in brief below. Earnings in Brief: Six E&;Ps and a Sand Supplier Announce 2018 Wins, Losses – Oil &[Read More…]

Investment Opportunities in Shale and Conventional Oil

Investment Opportunities in Shale and Conventional Oil

Buyside investors can meet with oil company management teams at EnerCom Dallas EnerCom has brought together a full slate of exploration and production companies for its Texas-based oil and gas investment conference—EnerCom Dallas. The conference will feature senior management teams from oil and gas companies that are developing assets in the major North American shale plays as well as conventional plays in[Read More…]

The C-Suite Changes at Schlumberger

The C-Suite Changes at Schlumberger

Schlumberger (NYSE: SLB) has named Olivier Le Peuch as Chief Operating Officer effective immediately. Le Peuch will be responsible for the day-to-day management of all worldwide operations for the oilfield services company.  SLB CEO Paal Kibsgaard said Le Peuch is expected to grow all aspects of Schlumberger’s operations. Schlumberger executive management chart with new COO Olivier Le Peuch. Le Peuch[Read More…]

February 8, 2019 - 2:54 pm 360 Articles, Closing Bell Story, Oilfield Services, People