ADNOC Drilling secures five-year, $800 million contract for oilfield services
(World Oil)– ADNOC Drilling has secured a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs, the UAE-based company announced Monday. The five-year agreement is set to commence in 3Q
Halliburton will idle some equipment amid lower oilfield demand
(World Oil)– Halliburton Co. is idling some oilfield equipment in response to deteriorating demand among shale companies. The world’s largest provider of hydraulic fracturing is forecasting shrinking margins in its biggest business line as weakening demand weighs on the prices it can charge, Chief
Permian oil producers face higher costs with new saltwater rules
(Oil Price) – As if WTI oil prices in the low $60s per barrel aren’t enough to slow production growth at America’s top producing shale basin, the Permian, new guidelines for permitting saltwater disposal wells could raise the costs for operators, especially smaller producers with
