Oilfield Services

Source: Reuters

Calfrac investor Wilks Brothers launches rival restructuring deal

Reuters


Calfrac Well Services (CFW.TO) investor Wilks Brothers said on Tuesday it submitted a restructuring plan to reduce the company’s debt, and that its terms were better than those proposed by Canadian oilfield service provider’s management.

Wilks Brothers’ …

Trican Reports Second Quarter Results for 2020

Calgary, Alberta–(Newsfile Corp. – July 31, 2020) – Trican Well Service Ltd. (TSX: TCW) (” Tr…

July 31, 2020 - 5:15 am Earnings, Finance, Oilfield Services, Press Releases
RPC, Inc. Reports Second Quarter 2020 Financial Results
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RPC, Inc. Reports Second Quarter 2020 Financial Results

ATLANTA , July 29, 2020 /PRNewswire/ — RPC, Inc. (NYSE: RES) today announced its unaudit…

July 29, 2020 - 7:10 am Earnings, Finance, Oilfield Services, Press Releases
Source: Reuters

Halliburton to provide digitalization for PETRONAS exploration activities

Halliburton


Deploying DecisionSpace® 365 powered by the iEnergy® Cloud to integrate and streamline upstream operations

HOUSTON–(BUSINESS WIRE)–Jul. 28, 2020– Halliburton Company (NYSE: HAL) today announced it received a scope expansion from Petroliam Nasional Berhad (PETRONAS) to support their upstream digitalization …

The 360 Digital Closing Bell Look Ahead–7-27-2020

The 360 Digital Closing Bell Look Ahead–7-27-2020

Another Week Ahead in Energy from the duo at Oil and Gas 360!! 

 

Another Monday, Another 360 Digital Closing Bell Podcast, brought to you by www.oilandgas360.com. Another Monday, Another 360 Digital Closing Bell! Michael Tanner and Stuart Turley cover

Source: Reuters

Schlumberger eyes deeper cost cuts as oil rout triggers $3.7 billion charge

Reuters


Oilfield services giant Schlumberger NV (SLB.N) on Friday outlined plans for deeper spending cuts after recording a $3.7 billion charge and a second straight quarterly loss on thousands of job cuts and a pipeline outage in Ecuador.…

U.S. Well Services Announces Second Quarter 2020 Earnings Release Date and Conference Call

U.S. Well Services Announces Second Quarter 2020 Earnings Release Date and Conference Call

HOUSTON, July 23, 2020 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (NASDAQ: USWS) will iss…

Patterson-UTI Energy Reports Financial Results for the Three and Six Months Ended June 30, 2020

Patterson-UTI Energy Reports Financial Results for the Three and Six Months Ended June 30, 2020

HOUSTON , July 23, 2020 /PRNewswire/ — PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today…

Source: Helix Energy
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Helix Reports Second Quarter 2020 Results

Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) reported net income 1 of $5.5 milli…

July 22, 2020 - 9:58 pm Offshore, Oilfield Services, Press Releases
Source: Reuters

Baker Hughes posts second quarterly loss as oil slump slams demand

Reuters


Baker Hughes Co (BKR.N) posted its second consecutive quarterly loss on Wednesday and said it would continue reining in costs to prepare for a longer period of oil price volatility.

 

Oil producers stopped drilling new wells …

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ProPetro Schedules Second Quarter 2020 Earnings Release Date and Conference Call

ProPetro Holding Corp. (“ProPetro”) (NYSE: PUMP) today announced that it will i…

Source: Fox Business

Halliburton takes $2.1B charge as coronavirus slams business

Fox Business


Halliburton Co. booked a $2.1 billion pre-tax impairment charge in the three months through June as the COVID-19 pandemic provided difficult business conditions in North America.

The Houston-based energy-services provider posted a net loss of $1.7 billion as …

Halliburton Announces Second Quarter 2020 Results

Halliburton Announces Second Quarter 2020 Results

Reported net loss of $1.91 per diluted share Adjusted net income of $0.05 per diluted …

July 20, 2020 - 6:45 am Earnings, Finance, Oilfield Services, Press Releases
SECURE ENERGY Announces Publication of 2019 Sustainability Report and Confirms Timing of Second Quarter Results

SECURE ENERGY Announces Publication of 2019 Sustainability Report and Confirms Timing of Second Quarter Results

SECURE ENERGY Announces Publication of 2019 Sustainability Report and Confirms Timing of S…

July 16, 2020 - 4:35 am Earnings, Finance, Oilfield Services, Press Releases
Weatherford signs 18-month contract with Iraqi Drilling Company

Weatherford signs 18-month contract with Iraqi Drilling Company

360 Feedwire


Agreement cover services and project management for drilling and completion of 20 wells

Weatherford International plc has signed an 18-month contract with the Iraqi Drilling Company (IDC) to provide services and project management for the drilling and completion …

July 14, 2020 - 7:00 am Crude Oil News, International, Oilfield Services
Total Energy Services Inc. Announces 2020 Second Quarter Conference Call and Webcast

Total Energy Services Inc. Announces 2020 Second Quarter Conference Call and Webcast

CALGARY, Alberta, July 09, 2020 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Tot…

The 360 Digital Closing Bell Look Ahead– 6-29-2020

The 360 Digital Closing Bell Look Ahead– 6-29-2020

​Another Week Ahead in Energy from the duo at Oil and Gas 360!! 

 

Another Monday, Another 360 Digital Closing Bell Podcast, brought to you by www.oilandgas360.com. Another Monday, Another 360 Digital Closing Bell! Michael Tanner and Stuart Turley cover

Frac sand producer Hi-Crush pursuing bankruptcy amid flagging sales

Frac sand producer Hi-Crush pursuing bankruptcy amid flagging sales

State Journal

One of Wisconsin’s largest sand mining companies plans to file for bankruptcy and says it may be forced to go out of business after losing nearly $147 million in the first three months of 2020 and seeing a …

June 26, 2020 - 9:08 pm Finance, Fracing, Oilfield Services, Press Releases
Hi-Crush Inc. Reports First Quarter 2020 Results and Provides Additional Financial and Operational Updates

Hi-Crush Inc. Reports First Quarter 2020 Results and Provides Additional Financial and Operational Updates

HOUSTON, June 25, 2020 (GLOBE NEWSWIRE) — Hi-Crush Inc. (NYSE: HCR) (“Hi-Crush” or the “Company”), a fully-integrated provider of proppant logistics solutions, today reported first quarter 2020 results, along with additional financial and operational updates.

Dallas Fed Energy Survey – Activity in the oil and gas sector deteriorated further in Q2

Dallas Fed Energy Survey – Activity in the oil and gas sector deteriorated further in Q2

Dallas Fed


Activity in the oil and gas sector deteriorated further in second quarter 2020, according to oil and gas executives responding to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of conditions facing Eleventh District …

ProPetro Completes Review Process and Files Formerly Delinquent 2019 Annual and Quarterly Reports

ProPetro Completes Review Process and Files Formerly Delinquent 2019 Annual and Quarterly Reports

ProPetro Holding Corp. (“ProPetro” or “the Company”) (NYSE: PUMP) today announced the completion of its previously announced Audit Committee internal review process and the filing of its Quarterly Reports on Form 10-Q for the quarters ended June 30, 2019

Oilfield Services May Not Recover Until 2023

Oilfield Services May Not Recover Until 2023

Rystad Energy


  • Global demand for oilfield services (OFS) is set for a massive 25% yearly drop in 2020.
  • The well servicing sector will be the first to recover, while long-lead segments will pick up much later

Global demand for oilfield …

June 19, 2020 - 7:26 am Crude Oil News, Jobs, Oilfield Services
Schlumberger to take up to $1.4 billion charge for restructuring

Schlumberger to take up to $1.4 billion charge for restructuring

BIC


Oilfield services provider Schlumberger NV expects to book a charge to earnings of up to $1.4 billion for an accelerated restructuring and new job cuts, Chief Executive Officer Olivier Le Peuch said at a energy conference on Tuesday, Reuters

June 18, 2020 - 11:00 am Crude Oil News, Oilfield Services
The 360 Digital Closing Bell Look Ahead– 6-15-2020

The 360 Digital Closing Bell Look Ahead– 6-15-2020

​Another Week Ahead in Energy from the duo at Oil and Gas 360!! 

 

Another Monday, Another 360 Digital Closing Bell Podcast, brought to you by www.oilandgas360.com. This episode has the duo talking verbiage, specifically recovery vs. rebound and

Calfrac Announces Deferral of Interest Payment

Calfrac Announces Deferral of Interest Payment

Calfrac Announces Deferral of Interest Payment

June 15, 2020 - 6:00 am Canada, Canada News, Oilfield Services, Press Releases
The 360 Digital Closing Bell Look Ahead– 6-8-2020

The 360 Digital Closing Bell Look Ahead– 6-8-2020

​Another Week Ahead in Energy from the duo at Oil and Gas 360!! 

 

Michael Tanner and Stuart Turley cover everything you need to know about the upcoming week in energy Show starts diving into the story-behind-the-story on last

National Energy Services Reunited Corp. Finalizes Agreement to Close Acquisition of SAPESCO

HOUSTON, TX / ACCESSWIRE / June 2, 2020 / National Energy Services Reunited Corp. (“NESR” or the “Company”) (NASDAQ:NESR)(NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (“MENA”) and Asia Pacific, announced a …

June 2, 2020 - 7:30 pm Oilfield Services, Press Releases
Source: Reuters

Oil services firm Subsea 7 to lay off 3,000 following oil market slump

Reuters


OSLO – Oil services firm Subsea 7 announced on Thursday that it will cut its global workforce by a quarter and reduce its fleet of specialized vessels by up to a third to preserve cash following the slump in …

The 360 Digital Closing Bell Look Ahead– 5-25-2020

The 360 Digital Closing Bell Look Ahead– 5-25-2020

VERY SPECIAL Mega Memorial Day 360 Digital Closing Bell episode #19 back for another week ahead in energy!

Show starts with Michael Tanner talking about what ESG might look like post-COVID19 as it relates to the markets (hint: slight history

Coronavirus Threatens to Hobble the U.S. Shale-Oil Boom for Years

Coronavirus Threatens to Hobble the U.S. Shale-Oil Boom for Years

WSJ


American shale drillers helped turn the U.S. into the world’s top oil producer, topping 13 million barrels a day earlier this year. It likely will be years—if ever—before they reach such heights again.

That is the growing view among …