Post Tagged with: "Oilfield service"

Photo: TechnipFMC

French half of TechnipFMC split reveals new company name

Houston Chronicle


Anticipated split will create two publicly traded companies.

The French half of Houston and Paris oil field service company TechnipFMC has revealed its new company name months ahead of an anticipated split that will create two publicly traded …

October 30, 2019 - 7:15 am Closing Bell Story‎, Energy News, LNG, Offshore, Oilfield Services
Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County

Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County

From The Houston Chronicle


A natural gas well belonging to the Norwegian oil giant Equinor remains shut in following a weekend fire at one of its drilling sites in Karnes County.

The fire happened at Equinor’s Neller-Runge 1-Runge 2 lease …

Enerflex Appoints New CFO, General Counsel

Enerflex Appoints New CFO, General Counsel

By Tyler Losier, Energy Reporter, Oil & Gas 360

Enerflex names Sanjay Bishnoi as senior vice president and CFO, David Izett as senior vice president and general counsel
Enerflex Ltd. (stock ticker: ENRFF), a Calgary-based oilfield service company, has appointed

Oilfield Service Companies to Combine

Oilfield Service Companies to Combine

SMG Industries Announces the Signing of a Definitive Agreement to Acquire Trinity Services LLC

Prepare for Steel Tariffs to Squeeze Margins in West Texas, Private Equity Investors Say

Prepare for Steel Tariffs to Squeeze Margins in West Texas, Private Equity Investors Say

Service companies first, then producers

From the Houston Chronicle

The Trump Administration’s steel tariffs will increase costs in the West Texas oil patch at a time when drillers and service firms already faced rising labor and materials costs, investors say.…

March 27, 2018 - 12:52 pm Closing Bell Story‎, Energy News
Independence Contract Drilling Reports 100% Utilization of ShaleDriller Rig Fleet

Independence Contract Drilling Reports 100% Utilization of ShaleDriller Rig Fleet

New contract extensions add 3 rig-years of backlog; board approves another ShaleDriller newbuild

Carrying on from Q4, all 14 of Houston-based Independence Contract Drilling, Inc.’s (ticker: ICD) ShaleDriller rigs are currently contracted and operating under term contracts.

As of December …

Precision Drilling Reports Increase in Business

Precision Drilling Reports Increase in Business

Contract drilling rig and services provider Precision Drilling Corporation (ticker: PDS) reported its active rigs have increased by 16% compared to end of Q3 2017, the company said in an update.

Precision currently has 64 rigs active in the U.S., …

GE CEO Flannery Talks Baker Hughes – GE Future

GE CEO Flannery Talks Baker Hughes – GE Future

The history of GE dates back to Thomas A. Edison. In 1876 Edison opened his Menlo Park, NJ, laboratory, from which came perhaps the greatest invention of the age – a successful incandescent electric lamp. In 1890, Edison established the …

EnerCom’s Oilfield Tech Day: All Water is Not the Same

EnerCom’s Oilfield Tech Day: All Water is Not the Same

Gradiant Energy Services tailors water solutions to basins, plays, operators

Water is a major concern throughout the oilfield. Operators are struggling with the logistics of water treatment as the need to handle water in day-to-day oilfield activities grows.

Gradiant Energy …

Superior Drilling Products: Q2 Revenues will Eclipse Q2-‘16

Superior Drilling Products: Q2 Revenues will Eclipse Q2-‘16

Superior Drilling Products, Inc. (ticker: SDPI) anticipates that its revenue will be as much as four times higher for Q2, 2017 than it was for the same quarter in 2016, the company said in a statement yesterday.

Troy Meier, …

Flotek Industries: It Boils Down to Chemistry and Partnering with Watson

Flotek Industries: It Boils Down to Chemistry and Partnering with Watson

The Flotek Industries (ticker: FTK) business model is becoming more and more refined.

After shifting its emphasis into oil and gas chemistry, the company’s business model on the energy side is built on offering both chemical product solutions and oilfield …

CES Energy Solutions: Poised for Growth in Age of Enhanced Completions

CES Energy Solutions: Poised for Growth in Age of Enhanced Completions

CES Energy Solutions Corp. (ticker: CEU)—formerly Canadian Energy Services—provides oilfield services ranging from drilling fluids to laboratory service, through every step in the life of a producing well. The company has a presence throughout North America and most major oil …

Basic Energy Services: Higher Activity, Higher Prices Point to Growth in 2017

Basic Energy Services: Higher Activity, Higher Prices Point to Growth in 2017

In response to cycles in the industry, Basic Energy Services (ticker: BAS) has a formula that is proving out. With a presence in most major U.S. oil producing regions, Basic has built its business on well services during every stage …

Halliburton Executives Lay Out E&P/Oilservice Landscape for Q4 and 2017

Halliburton Executives Lay Out E&P/Oilservice Landscape for Q4 and 2017

Halliburton: things are getting better for us and our customers

In Halliburton’s (ticker: HAL) Q3 2016 conference call today, CEO Dave Lesar characterized the business climate in Q3 for the company and gave some hints about where the industry feels …

Source: WPX

Warren Buffett Continues Accumulating Oilfield Stocks

Phillips 66 is Buffett’s 6th Largest Holding – 79 million shares

Last year, Warren Buffett made his first purchase of Phillips 66 (ticker: PSX) stock amid the depletion in oil prices and the consequent depletion of oilfield service stocks.…

Dynamic Materials Corporation – Day Two Breakout Notes

Dynamic Materials Corporation – Day Two Breakout Notes

Dynamic Materials presents at EnerCom’s The Oil & Gas Conference®

 During Dynamic Materials’ breakout session, management was asked the following questions:

  • Given the fact that the perforating gun product is preassembled, is there a cost reduction payback?
  • What is the
August 17, 2016 - 11:09 am Closing Bell Story‎, Oil and Gas 360 Articles, TOGC21
Core Lab Stands by Decline Curves, V-Shaped Recovery

Core Lab Stands by Decline Curves, V-Shaped Recovery

Core Lab Reports 2Q

Oilfield services firm Core Laboratories (ticker: CLB) announced results from the second quarter 2016 today, reporting adjusted diluted earnings of 35 cents per share on quarterly revenue of $148.1 million.

Because of its worldwide customer bank, …

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

EnerCom: 22 years of advising and serving energy-centric clients

DENVER – April 29, 2016 – Forbes Magazine (Forbes) commissioned an independent study by Statista to identify America’s Best Management Consulting Firms.  EnerCom, Inc. was recognized in the inaugural study in …

Oil & Gas 360® Reaches 1.5 Million Pageviews

Oil & Gas 360® Reaches 1.5 Million Pageviews

Website owners used to call them “hits”  

Today, we’ve become sophisticated. We call them “pageviews.”

EnerCom launched Oil & Gas 360® – www.OilandGas360.com – in 2010. In the beginning, the numbers were bleak:

  • Thursday, Jan. 14, 2010, pageviews = 0.
December 11, 2015 - 6:26 pm Closing Bell Story‎, Oil and Gas 360 Articles
Oil & Gas 360® Achieves One Million Pageviews

Oil & Gas 360® Achieves One Million Pageviews

New Oil & Gas 360® Users Accelerate Rapidly During the Past 12 Months

In 2010, EnerCom Inc. launched www.oilandgas360.com. The idea was to bring oil and gas data and insight to a global audience of oil and gas company …

How Rough will Earnings Season be on Smaller Oilservice Providers?

How Rough will Earnings Season be on Smaller Oilservice Providers?

The giants of the oilservice industry kicked off earnings season last week. The viewpoints of multi-billion dollar companies like Halliburton (ticker: HAL), Schlumberger (ticker: SLB) and Weatherford (ticker: WFT) are unique, given that the companies provide an insider’s perspective on …

April 28, 2015 - 11:20 am Earnings, Fracing, Oil and Gas 360 Articles, Oilfield Services
What are Energy Companies Thinking as they Head into 2015?

What are Energy Companies Thinking as they Head into 2015?

Dropping Oil Prices = Changing Landscape for E&Ps, Midstream, OilService Companies

At last week’s 2014 Energy Symposium hosted by Wells Fargo Securities at the Waldorf Astoria, the sentiment expressed by the energy companies was far different from what had been …