Oilfield Services

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 …

Source: Bloomberg

Iraq may make decision on Halliburton gas deal in May

World Oil


(Bloomberg) — Iraq’s cabinet may reactivate a deal with Halliburton Co. to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.

An agreement with Halliburton would enable the …

Source: World Oil

Halliburton introduces StrataStar real-time multilayer visualization while drilling

World Oil


Halliburton Company today introduced StrataStar™, a deep azimuthal resistivity service that provides multilayer visualization to maximize well contact with the reservoir and improve real-time reserves evaluation.

The StrataStar service is the latest addition to Halliburton’s iStar™ intelligent

Source: World Oil

U.S. oilfield sector jobs rise in March – Energy Workforce & Technology Council

World Oil


Employment in the U.S. oilfield services and equipment sector rose by an estimated 2,698 jobs to 608,702 in March, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology …

Interview with David Moore of ESG Solutions

Interview with David Moore of ESG Solutions

Oil and Gas 360


Publishers Note: ESG Solutions is a leading provider of passive microseismic monitoring solutions to the energy, mining, and geotechnical industries. Click to view the interview with David Moore, Chief Executive Officer of ESG Solutions.

Interview with David Moore of ESG Solutions- oil and gas 360

 …

Source: Reuters

Schlumberger launches business to eliminate industry’s methane and routine flare emissions

World Oil


Schlumberger announced the launch of Schlumberger End-to-end Emissions Solutions (SEES). The business offers a comprehensive set of services and cutting-edge technologies designed to give operators a robust and scalable solution for measuring, monitoring, reporting and, ultimately, eliminating methane …

Source: Reuters

Schlumberger announces deployment of reservoir engineering digital solutions

World Oil


Schlumberger announced an enterprise-wide deployment of the cloud-based DELFI* cognitive E&P environment for ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data and workflows to the cloud.

“This …

Flotek and ProFrac team up to provide sustainable, vertically integrated solutions

Flotek and ProFrac team up to provide sustainable, vertically integrated solutions

Flotek Industries


HOUSTON AND WILLOW PARK, TX – February 2, 2022 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK), a leader in technology-driven, specialty green chemistry solutions, announced today it has entered into a long-term agreement with ProFrac …

Source: engagemobilize.com

TAQ Energy & ENGAGE announce partnership to improve data transparency for P&A activities

Oil and Gas 360


Publisher’s Note: Both ENGAGE and TAQ Energy will be presenting at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines on Thursday, February 17, 2022 on the Colorado School of

Source: World Oil

Halliburton sees frac equipment orders double as shale rebounds

World Oil


HOUSTON (Bloomberg) –Shale-oil companies are using almost all of the frac equipment and crews available as exploration expands, accelerating cost inflation and pointing to worsening supply-chain disruptions across the industry.

North American oil drillers appear likely to expand …

Source: Reuters

Halliburton doubles quarterly profit, boosts dividend as oil rebounds

Reuters


BENGALURU (Jan 24): Halliburton Co’s fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts’ forecasts and prompting the oilfield service company to lift its dividend following a rebound in crude and natural gas prices.…

Source: Reuters

Schlumberger expects ‘supercycle’ as demand lifts profit above forecast

Yahoo News


Schlumberger beat expectations with a rise in fourth-quarter profit on Friday as higher crude and natural gas prices drove demand for the world’s largest oilfield services company.

 

Oil prices surged about 50% last year and are trading …

Source: Reuters

Baker Hughes posts Q4 profit as higher oil prices spur drilling demand

Nasdaq


Jan 20 – Baker Hughes Co BKR.O on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment.

Oil prices surged …

Source: World Oil

Oilfield employment climbed in December despite cooling U.S. job market

World Oil


HOUSTON – Employment in the U.S. oilfield services and equipment sector rose by an estimated 7,450 jobs in December, despite the slow hiring in overall U.S. jobs, according to preliminary data from the Bureau of Labor Statistics (BLS) …

Source: World Oil

NexTier stock jumps as frac demand swells revenue

World Oil


HOUSTON (Bloomberg) –NexTier Oilfield Solutions Inc. soared more than 20% after the frac provider disclosed higher-than-expected quarterly sales, signaling an acceleration in U.S. shale drilling.

The Houston-based provider of pumps that blast water, sand and chemicals underground to …

Source: World Oil

WPC 2021: Halliburton sees a future of oil scarcity as spending falls

World Oil


HOUSTON (Bloomberg) –Halliburton Co., the oil industry’s largest frac services provider, warned that the world is headed into a period of scarcity for oil after seven years of underinvestment following crude’s plummet from $100 a barrel in 2014.…

Source: World Oil

Digital oilfield technologies taking the industry closer to unmanned operations, says GlobalData

World Oil


Oil majors are looking to automate their assets to reduce the impact of demand fluctuation on revenues, according to GlobalData.

The company notes that COVID-19 has been a wake-up call to the upheaval that a sudden drop in …

Source: World Oil

Halliburton releases DS365.ai intelligent automation service

World Oil


Source: Reuters

Chesapeake Energy Corporation selects Nabors Industries as Preferred Drilling Contractor

Oil and Gas 360


Industry leaders align to innovate and accelerate the deployment of technology to drive the next wave of operational safety, efficiency and environmental performance gains

OKLAHOMA CITY and HAMILTON, Bermuda, Oct. 28, 2021 /PRNewswire/ — Chesapeake Energy …

Source: Reuters

Schlumberger beats Q3 profit estimates as oilfield activity recovers

Reuters


Oilfield services giant Schlumberger NV issued a bullish forecast for 2021 on Friday as second-quarter profit topped estimates due to surging margins, with a rebound in oil prices boosting demand for its software and equipment.

Energy services firms are

Source: Reuters

Baker Hughes profit misses estimates amid supply chain woes

Reuters


Oilfield firm Baker Hughes Co reported quarterly profit that fell short of analyst expectations on Wednesday, in part due to global supply chain issues, sending its shares down sharply in early trading.

Oil service firms are expected to be …

Source: Reuters

Halliburton posts Q3 profit as drilling rebounds, eyes jump in customer spending

Reuters


U.S. oilfield firm Halliburton Co on Tuesday posted its third consecutive quarterly profit and said customer spending in the United States could jump 20% next year, as stronger oil prices and drilling activity boost demand for services and equipment.…

Source: World Oil

Halliburton introduces iStar Intelligent Drilling and Logging Platform

World Oil


HOUSTON – Halliburton Company released the iStar Intelligent Drilling and Logging Platform, a comprehensive measurement platform comprising multiple services for greater control of drilling and logging operations.

The platform’s digital architecture supports automation, machine learning, and artificial intelligence …

Source: World Oil

Baker Hughes brings proven flare monitoring and management tech to upstream operations

World Oil


HOUSTON and LONDON – Panametrics, a Baker Hughes business, has made its flare control and digital verification platform, flare.IQ, available to upstream operators for the first time.

Flare.IQ was originally launched in 2017 to support oil and gas …

Source: CNBC

Baker Hughes CEO lays out ‘hard truths’ behind the energy transition as gas prices surge

CNBC


The CEO of energy technology firm Baker Hughes has outlined what he feels are key points related to the energy transition amid deepening concern about rising gas prices and the knock-on effects this could have in the months ahead.…

Source: World Oil

Oilfield Helping Hands launches new Haynesville chapter

World Oil


HOUSTON – Oilfield Helping Hands (OHH), a non-profit organization helping oilfield families in financial crisis due to no fault of their own, has opened a Haynesville Chapter, to include East Texas and Northwest Louisiana.

By opening an active …

Source: Houston Chronicle

Oilfield service sector added jobs for fifth straight month in July

World Oil


America’s energy technology and services sector added an estimated 6,082 jobs in July, a fifth straight month of growth, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology …

Source: Reuters

Oil billionaire Dan Wilks bulks up stake in NexTier Oilfield Solutions

Reuters


Billionaire oilman Dan Wilks increased his stake in NexTier Oilfield Solutions, according to a regulatory filing on Thursday, his latest purchase in the hard-hit oilfield services industry.

Oilfield equipment and service companies were among the worst performing sector of …