Oilfield Services
World’s top oilfield services provider not leaving Russia
SLB, the biggest oilfield services firm in the world, is not planning to abandon its business in Russia, chief executive Olivier Le Peuch told the Financial Times in an interview published on Monday.
Pressure has mounted on companies, …
Baker Hughes annual meeting: Simonelli sets agenda for “energizing change”
(WO) – As the Baker Hughes Annual Meeting entered its first full day in Florence, Italy, on Monday, the firm’s Chairman, President and CEO, Lorenzo Simonelli (Fig. 1), set out an agenda for what he calls …
Valero Energy reports 2023 fourth quarter and full year results
- Reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter and $8.8 billion, or $24.92 per share, for the year
- Reported adjusted net income attributable
Liberty Energy Inc. announces fourth quarter and full year 2023 financial and operational results and increase in existing share repurchase authorization to $750 million
January 24, 2024
Summary Results and Highlights
- Revenue of $4.7 billion for the
Halliburton announces fourth quarter 2023 results and increases dividend
- Net income of $0.74 per diluted share.
- Adjusted net income per diluted share1 of $0.86, excluding losses in Argentina primarily due to currency devaluation.
- Revenue of $5.7 billion and operating margin of 18%.
- Cash flow
SLB, Nabors collaborate on automated drilling solutions for oil and gas operators
(WO) —SLB and Nabors Industries announced a collaboration to scale the adoption of automated drilling solutions for oil and gas operators and drilling contractors. The agreement will enable customers to seamlessly integrate the companies’ drilling automation applications and …
bp renews drilling logistical services contract with Danos for Gulf of Mexico assets
(WO) – Danos has secured a contract with bp to renew its comprehensive drilling logistical services for the integrated energy company’s Gulf of Mexico assets, building on a relationship that began in 2017.
Leveraging the company’s 76 years …
Halliburton profit beats as higher global drilling offsets weak N.America
Halliburton’s third-quarter profit beat market expectations on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. The increased demand comes as oil and gas companies reinvest their record profits from the market disruption …
Halliburton introduces wellbore-positioning service to optimize drilling operations
(WO) – Halliburton Company introduced GuideStar, a service that uses high-resolution sampling to provide continuous, definitive survey measurements for more precise wellbore positioning.
The GuideStar service enhances well delivery by increasing the understanding of the centerline wellbore placement …
Paradigm Drilling Services expands Mexican sales team to support new drilling tool development
(WO) – Paradigm Drilling Services has recruited Rocio Hoz Cano as Technical Sales Engineer in Mexico to support growth investment in new drilling tools being deployed in the region.
Bringing over 10 years of well planning and …
SLB beats profit forecast as offshore and international drilling rebounds
The biggest oilfield services firm in the world, SLB (NYSE: SLB), reported on Friday higher-than-expected earnings for the second quarter thanks to higher offshore drilling activity and a rebound in the international markets.
SLB’s earnings per share …
Oilfield services giants signal weaker U.S. shale drilling
Two of the world’s top three oilfield service providers, Halliburton and Baker Hughes, reported on Wednesday consensus-beating profits for the second quarter, but both signaled softer demand for drilling on the North American market.
Weaker North American performance …
Baker Hughes Company announces second quarter 2023 results
- Orders of $7.5 billion for the quarter, up 28% year-over-year.
- Revenue of $6.3 billion for the quarter, up 25% year-over-year.
- Net income attributable to Baker Hughes Company of $410 million for the quarter, up $1,248 million
Ranger Energy Services to join the Russell 3000® Index
Publisher’s Note: Ranger Energy Services will be a presenter at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at …
Halliburton, Nabors to collaborate on automation, well construction, drilling technologies
(WO) – Halliburton Company and Nabors Industries announced an agreement on leading well construction automation solutions. Under the agreement, Halliburton and Nabors will collaborate on their technologies including the Halliburton Well Construction 4.0 digital surface and subsurface drilling …
Patterson-UTI Energy and NexTier Oilfield Solutions to combine in merger of equals, creating industry leading drilling and completions services provider
Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders
Combined $5.4 Billion Total Enterprise Value
Drives Improved Free Cash Flow Generation and Strong Balance Sheet to Deliver …
Weatherford wins three-year drilling contract from Aramco
(WO) – Weatherford International plc has been awarded a three-year contract with Aramco to deliver drilling services.
Under the contract, Weatherford will deploy its Drilling Services portfolio, which includes a suite of technology that combines world-class services, real-time …
Energy Workforce: U.S. oilfield employment increased to highest levels since March 2020
(WO) — Employment in the U.S. oilfield services and equipment sector increased by 5,143 jobs to its highest level since March of 2020 to reach 662,454 in April, according to preliminary data from the Bureau of Labor Statistics …
Halliburton appoints new Eastern Hemisphere President
(WO) — Halliburton Company announced that Shannon Slocum, Senior Vice President, Global Business Development and Marketing, has been promoted to the role of President, Eastern Hemisphere, effective immediately. Joe Rainey, President, Eastern Hemisphere, is retiring and will serve …
Baker Hughes, Amazon Web Services partner to develop automated field production solution for oil and gas industry
(WO) – Baker Hughes, an energy technology company, signed a strategic collaboration agreement with Amazon Web Services, Inc. (AWS) to develop, market and sell the cloud-based Leucipa automated field production solution. The initial phase of the solution was …
Oilfield services shine as energy earnings lift off
We are in the early innings of the earnings season with just 11% of S&P 500 companies having reported Q4 2022 results. Once again, the energy sector is emerging as the class valedictorian, with the sector’s expected earnings …
Halliburton announces fourth quarter 2022 results and increases dividend
HOUSTON–(BUSINESS WIRE)–Jan. 24, 2023– Halliburton Company (NYSE: HAL) announced today net income of $656 million, or $0.72 per diluted share, for the fourth quarter of 2022. This compares to net income for the third quarter of …
Oilfield services firm SLB beats fourth-quarter profit forecast
SLB, the world’s largest oilfield services firm, beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment as oil and gas prices remained elevated amid tight supplies.
SLB, formerly called Schlumberger …