Oilfield Services

Source: nasdaq

Oil billionaire Dan Wilks takes active stake in hard-hit ProPetro

Reuters


Prominent shale investor Dan Wilks on Tuesday reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp through an investment vehicle, saying he may choose to push the company for a sale or other alternatives.

Dan …

Liberty and Schlumberger close North American pressure pumping transaction

Liberty and Schlumberger close North American pressure pumping transaction

Oil and Gas 360


Publisher’s Note: Liberty Oilfield Services Inc. (NYSE: LBRT), will be a title sponsor of the virtual The Energy Venture Investment Summit presented by EnerCom and  Colorado School of Mines, Chris Wright joins us as a Keynote
January 4, 2021 - 3:30 pm Closing Bell Story‎, Energy News, Oilfield Services
Pacific Drilling to emerge from bankruptcy by year-end

Pacific Drilling to emerge from bankruptcy by year-end

Offshore Energy

Offshore drilling contractor Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reorganization by the U.S. court.

Pacific Drilling filed for Chapter 11 bankruptcy to eliminate $1.1 billion …

December 23, 2020 - 12:06 pm Offshore, Oilfield Services
CEO who profited as Hi-Crush spiraled departs as company exits bankruptcy

CEO who profited as Hi-Crush spiraled departs as company exits bankruptcy

Reuters


Robert Rasmus, the founder of oilfield services firm Hi-Crush Inc who profited as the business spiraled into bankruptcy, lost his positions at the firm in a recent restructuring, according to company postings.

CEO who profited as Hi-Crush spiraled departs as company exits bankruptcy- oil and gas 360

Rasmus was replaced as CEO last month …

Calfrac Announces 2021 Capital Program

Calfrac Announces 2021 Capital Program

Calfrac Announces 2021 Capital Program CALGARY, AB , Dec. 7, 2020 /CNW/…

Chart Industries’ CEO Evanko Named 2020 World LNG Executive of the Year

Chart Industries’ CEO Evanko Named 2020 World LNG Executive of the Year

ATLANTA, Dec. 03, 2020 (GLOBE NEWSWIRE) — Chart Industries, Inc. (NASDAQ: GTLS) is proud t…

December 3, 2020 - 6:42 pm Oilfield Services, People, Press Releases
HENDERSON Implements Data Gumbo Smart Contracts – saving CapEx and efficiencies

HENDERSON Implements Data Gumbo Smart Contracts – saving CapEx and efficiencies

360 News Feed

Industry First Use Case of Blockchain-Based Smart Contracts in Global Contract Drilling, Capital Equipment Sales, Drilling Services, Repairs and Maintenance Services

Data Gumbo Moves Into Another Segment of Oil & Gas Ripe for Digital Improvements

 HOUSTON, TX

December 2, 2020 - 7:04 am Blockchain, Oilfield Services, Press Releases, Technology
Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Investors sell off and take profits from a historically strong November.  Major indices down overalls with tech stocks turning green rolling into the end of the session.

  • S&P 500: -0.63%
  • Nasdaq:  0.01%
  • Dow Jones: -1.30%

Market sentiment took a hit

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Half day for traders leads to small rally in the equities markets, with each major indice up over 0.25%. On Thanksgiving Day, online sales rose to a record $5.1 billion, according to Adobe Analytics.

  • S&P 500: 0.25%
  • Nasdaq:  0..83%
Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat #167: 11/25/2020

 

Slow day in the markets (50% drop in volume) leads to a slumping of major indices as traders (who are still trading…) react to not ideal unemployment data.  The 30-stock Dow slid 136 points,

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

30,000 DOW JONES!!!!!!!! Pour the champagne, crack that beer its all time highs amid surging cases in COVID-19, but markets enjoy positive bullish vaccine and easing of worries of a transfer of power issues

  • S&P 500: 1.63%
  • Nasdaq:  1.44%
  • Dow
Energy News Beat: #165 – 11/23/2020 – Hosted by Michael Tanner

Energy News Beat: #165 – 11/23/2020 – Hosted by Michael Tanner

Stocks up higher after yet another positive vaccine announcement, this time from AstraZeneca and Oxford.  The Dow Jones traded 218 points higher, or 0.5%. The S&P 500 gained 0.3%

  • S&P 500: 0.50%
  • Nasdaq: -0.06%
  • Dow Jones: -0.05%

On Monday, Goldman

Ubiterra selected for Colorado Advanced Industry Grant

Ubiterra selected for Colorado Advanced Industry Grant

Oil and Gas 360


ZoneVu Recognized as Breakthrough Cloud Product for Horizontal Drilling

 

Ubiterra selected for Colorado Advanced Industry Grant- oil and gas 360

Denver, Colorado – November 23, 2020 – Ubiterra announced today that it was awarded a Colorado Advanced Industry Grant as a part of a competitive selection …

Energy News Beat: #164 – 11/20/2020 – Hosted by Michael Tanner

Energy News Beat: #164 – 11/20/2020 – Hosted by Michael Tanner

Flat day for the markets as both bears and bull hold market in check with major indices holding flat for the day. On Thursday, over 180,000 confirmed cases of COVID-19 were recorded, bring the new 7-day average up over 160,000,

FTS International Completes Financial Restructuring

FTS International Completes Financial Restructuring

Trading of New Common Stock to Commence on NYSE American under Ticker “FTSI…

November 20, 2020 - 4:49 am Bankruptcy, Oilfield Services, Press Releases
Source: Reuters

Halliburton to set science-based emission reduction goals

Reuters


Oilfield services provider Halliburton Co said on Thursday it would set greenhouse gas emission reduction targets in line with what the latest climate science outlines is necessary to meet the goals of the Paris Accord.

The announcement comes as …

Energy News Beat: #163 – 11/19/2020 – Hosted by Michael Tanner

Energy News Beat: #163 – 11/19/2020 – Hosted by Michael Tanner

Energy News Beat: #162 – 11/18/2020 – Hosted by Michael Tanner

Energy News Beat: #162 – 11/18/2020 – Hosted by Michael Tanner

Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping.  $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business

  • S&P 500: -0.33%
  • Nasdaq:
Energy News Beat: #161 – 11/17/2020 – Hosted by Michael Tanner

Energy News Beat: #161 – 11/17/2020 – Hosted by Michael Tanner

Pullback day for the market fresh off all time highs, traders used today to collect some profits, with major indices slumping.  $ES roll flat while $NQ trades slightly in the green after Amazon launch pharmacy business

  • S&P 500: -0.33%
  • Nasdaq:
Energy News Beat: #160 – 11/16/2020 – Hosted by Michael Tanner

Energy News Beat: #160 – 11/16/2020 – Hosted by Michael Tanner

More positive vaccine news, this time from Moderna, lift markets green and sending energy stocks soaring.  The Dow Jones Industrial Average added 356 points, or 1.2%, and reached an intraday record. The S&P 500 rose 0.8% and the Nasdaq Composite

Energy News Beat: #159 – 11/13/2020 – Hosted by Michael Tanner

Energy News Beat: #159 – 11/13/2020 – Hosted by Michael Tanner

Market sentiment back bullish as traders eye these new vaccines as a way to curb what are now rising COVID-19 in the US. “This week’s positive vaccine news is a game-changer in our view, as it allows the market to

Superior Drilling Products, Inc. Executes Sale-Leaseback Transaction for $4.5 million

Superior Drilling Products, Inc. Executes Sale-Leaseback Transaction for $4.5 million

Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the …

November 12, 2020 - 8:30 pm International, Oilfield Services, Press Releases
Energy News Beat: #158 – 11/12/2020 – Hosted by Michael Tanner

Energy News Beat: #158 – 11/12/2020 – Hosted by Michael Tanner

Stocks turn red amid rising COVID-19 cases, with Wednesday breaking a new record with over 140,000 confirmed cases. On the data front, initial weekly jobless claims fell last week to 709,000 from 757,000 in the prior week, the Labor Department

Source: Houston Chronicle

Permian Drilling Rights Price Falls Nearly 70%

Bloomberg

The price to drill an acre of land in the biggest U.S. shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions.

Drilling rights in the Permian Basin of West Texas and New …

November 12, 2020 - 1:31 pm Crude Oil News, Energy News, Oilfield Services
Energy News Beat: #157 – 11/11/2020 – Hosted by Michael Tanner

Energy News Beat: #157 – 11/11/2020 – Hosted by Michael Tanner

Tech stocks lead the way today as investor buy back shares of larger tech companies dragged down by the recent news of a coming vaccine.  Apple gained 3%. Netflix climbed 1.1%. Facebook and Amazon rose 1.1% and 3%, respectively. Alphabet

Energy News Beat: #156 – 11/10/2020 – Hosted by Michael Tanner

Energy News Beat: #156 – 11/10/2020 – Hosted by Michael Tanner

Rotations happening among the major indices as Dow Jones (composite of the top 30 capitalized companies) gains over 1% while other indices drop, with large losses in NQ, down over .5%

  • S&P 500: -0.07%
  • Nasdaq: -1.7%
  • Dow Jones: 4.5%

Amazon

Energy News Beat: #155 – 11/9/2020 – Hosted by Michael Tanner

Energy News Beat: #155 – 11/9/2020 – Hosted by Michael Tanner

Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the

Energy News Beat: #154 – 11/6/2020 – Hosted by Michael Tanner

Energy News Beat: #154 – 11/6/2020 – Hosted by Michael Tanner

Stock up HUGE amid Pfizer and BioNTech announcing a vaccine for COVID19 that is 90% effective. Major indices hit all time highs, notably the S&P 500 and Dow Jones, NQ finishes flat (Zoom down BIG) as the pullback from the

Energy News Beat: #153 – 11/5/2020 – Hosted by Michael Tanner

Energy News Beat: #153 – 11/5/2020 – Hosted by Michael Tanner

Day three of the US presidential election leads to another rally in markets as the projected blue wave seems to have sputtered out.  With a predicted split Presidential/Senate/House, markets run wild

  • S&P 500: 2.9%
  • Nasdaq: 4.55%
  • Dow Jones: 2.36%

Oil

McDermott Announces Second Shipment of MODEC FPSO Modules

McDermott Announces Second Shipment of MODEC FPSO Modules

McDermott Announces Second Shipment of MODEC FPSO Modules PR Newswire HOUST…

November 5, 2020 - 6:14 am Offshore, Oilfield Services, Press Releases