Oilfield services – Oil & Gas 360

Higher oil prices will not spur more US production, oilfield services company Patterson-UTI says

March 11, 2026

(Investing) – HOUSTON – A surge in energy prices caused by the U.S.-Israel war with Iran will not lead to additional U.S. oil output without the market predictability needed to ensure more drilling, Andy Hendricks, CEO of oilfield services company Patterson-UTI, said on Tuesday. Oil prices have swung wildly since the end of February after Iran shut the Strait of Hormuz,

Oilfield services executives head to Washington to push permitting reform

February 10, 2026

(World Oil) – Executives from across the U.S. oilfield services and technology sector are heading to Washington this week to press lawmakers on permitting reform, trade policy and workforce issues they say are directly affecting project execution and investment across the energy industry. The Energy Workforce & Technology Council (EWTC) said nearly 60 senior leaders from more than 40 member companies will

Liberty Energy Inc. announces dual listing on NYSE Texas

January 29, 2026

(Oil & Gas 360) – DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today the dual listing of its common stock on NYSE Texas, the newly launched, fully electronic equities exchange headquartered in Dallas, Texas. “We are excited and honored to join NYSE Texas. Texas sits at the heart of North American energy leadership, shaping the future of global progress,”

Oilfield services firm Petrofac collapses

October 27, 2025

(Oil Price) – After years of restructuring and cost-cutting efforts, UK-listed oilfield services group Petrofac on Monday filed for administration, following the termination of its biggest contract. Petrofac’s directors have applied to the High Court of England and Wales to appoint administrators to Petrofac, said the company, which provides infrastructure and engineering services to the oil and gas, renewables, and power supply industries.

Halliburton beats quarterly profit estimates on steady North America drilling demand

October 21, 2025

(BOE Report)– Halliburton beat Wall Street estimates for third-quarter profit on Tuesday, helped by steady demand for its oilfield equipment and services in North America. Quarterly revenue from its North America segment was $2.4 billion, flat from a year earlier, but above analysts’ average estimate of $2.17 billion. Halliburton said the results were supported by increased stimulation activity in U.S.

SLB exceeds profit expectations on strong North American demand

October 20, 2025

(Oil Price) – The world’s biggest oilfield services provider, SLB (NYSE: SLB), on Friday reported higher-than-expected earnings for the third quarter as revenue from its North American business jumped by 17% from the second quarter and by 14% from a year earlier. SLB booked adjusted earnings per share (EPS) of $0.69 for the third quarter, lower than the second quarter of 2025 and

Weatherford wins $147 million Petrobras contract for tubular running services

September 17, 2025

(World Oil) – Weatherford International plc has been awarded a three-year, $147 million contract by Petrobras to deliver Tubular Running Services (TRS) across the company’s offshore drilling operations in Brazil. The contract, secured through an open tender, highlights Petrobras’ continued reliance on Weatherford’s portfolio of TRS technologies to improve safety, efficiency, and reliability in well construction. Under the agreement, Weatherford

Halliburton says Mexico oil output decline rates will pressure reactivation of business

July 22, 2025

(Investing) – HOUSTON -U.S. oilfield service provider Halliburton (NYSE:HAL) on Tuesday said Mexico’s crude production decline rates are creating pressure for a reactivation of business amid long delays from state-run Pemex to pay its suppliers. Output of crude and condensate by Pemex, the largest producer in the country, fell 8.4% in May to 1.64 million barrels per day, according to official figures.

ADNOC Drilling secures five-year, $800 million contract for oilfield services

July 1, 2025

(World Oil)– ADNOC Drilling has secured a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs, the UAE-based company announced Monday. The five-year agreement is set to commence in 3Q 2025, marking another significant milestone in ADNOC Drilling’s evolution as a fully integrated technology-enabled energy services

Halliburton, Schlumberger brace for the next oil slump

May 13, 2025

(Oil Price) – U.S. oilfield service majors had a good run after the pandemic lockdowns ended. Oil demand rebounded strongly, drillers drilled more, and even the climate-focused energy policies of the Biden administration could not ruin that. Now, a price rout that has already prompted the E&P segment to issue warning after warning is putting the good run on an extended

SLB wraps up oilfield services quarter with profit miss, cautious outlook

April 25, 2025

(Reuters) – Top oilfield services provider SLB missed estimates for first-quarter profit on Friday, as weaker Latin American demand dragged on its international business, and the company warned of a potential industry-wide shift due to economic uncertainty, volatile oil prices and rising tariff risks. Shares of the company fell nearly 2% in premarket trading following results. SLB’s report rounds out

Shale slowdown? Halliburton sounds the alarm

April 24, 2025

(Oil Price) – The heightened oil market and macroeconomic uncertainties in recent weeks are baffling not only analysts. Halliburton, the oilfield services giant with the highest exposure to the U.S. fracking market, has just warned investors that its U.S. customers are re-evaluating drilling activity plans for 2025. “Looking forward, many of our customers are in the midst of evaluating their activity

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