Post Tagged with: "Oilfield serivces"

Baker Hughes closes 2019 with a profit while peers report huge losses

Baker Hughes closes 2019 with a profit while peers report huge losses

Houston Chronicle


Houston oil-field service company Baker Hughes closed 2019 with a profit as its peers in the troubled sector are reporting multibillion dollar losses.

Baker Hughes reported $128 million of net income in 2019, a 34 percent decline compared with …

Source: Houston Chronicle

Schlumberger posts $10.1 billion loss in 2019

Houston Chronicle


Schlumberger, the largest oil-field service company in the world, lost $10.1 billion in 2019 as a result of hefty write-downs on two past acquisitions and weakening demand for hydraulic fracturing services in the United States and Canada.

The …

January 17, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Finance, Oilfield Services
Source: Houston Chronicle

McDermott stock plummets amid rumored bankruptcy talks

Houston Chronicle


Rumors that Houston oilfield service company McDermott International is engaged in bankruptcy talks with lenders sent the company’s stock price plummeting by as much as two-thirds of its value after the close of market on Monday.

In a …

Exclusive Interview: Troy Meier, Chairman & CEO of Superior Drilling Products  

Exclusive Interview: Troy Meier, Chairman & CEO of Superior Drilling Products  

At the 2018 Oil and Gas Conference, Troy Meier, Chairman & CEO of Superior Drilling Products (ticker: SDPI) was interviewed by EnerCom’s Angie Austin.

Superior Drilling Products, Inc. was founded in 1993 by its CEO, Troy Meier. Before establishing Superior …

Halliburton and Baker Hughes’ $35 Billion Merger is Dead

Halliburton and Baker Hughes’ $35 Billion Merger is Dead

Halliburton and Baker Hughes decide to terminate merger

The world’s second- and third-largest oilfield service companies, Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI), announced the termination of their proposed merger agreement. The deal, which was worth $35 billion before …