Oilfield services – Page 3

SLB, Nabors collaborate on automated drilling solutions for oil and gas operators

January 11, 2024

World Oil (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 rig operating systems to deliver improved well construction performance and efficiency. The new integration provides customers with access to a

bp renews drilling logistical services contract with Danos for Gulf of Mexico assets

January 5, 2024

World Oil (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 of expertise, Danos will oversee the coordination of materials and personnel to and from multiple bp locations, ensuring streamlined and

Baker Hughes: Geopolitical risks are at the highest since 1973 oil embargo

November 13, 2023

Oil Price The world faces the highest geopolitical risks since the 1973 oil embargo, the chief executive of one of the largest oilfield service providers, Baker Hughes, told the Financial Times. “From a historical context I’ve heard people say, you go back to the oil embargo of 1973 — that being somewhat similar,” Baker Hughes CEO Lorenzo Simonelli told FT in an

Venezuela in talks with oilfield services firms to revive oil production

November 6, 2023

Oil Price After the sanctions relief from the U.S. last month, Venezuela is in contact with domestic and international oilfield services providers to help it ramp up crude oil production, Reuters reported on Monday, citing sources close to the negotiations. Venezuela’s state-controlled oil firm PDVSA is discussing hiring equipment and services from oilfield services suppliers now that the United States has lifted sanctions on Venezuela’s

Halliburton profit beats as higher global drilling offsets weak N.America

October 24, 2023

Yahoo Finance 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 caused by Russia’s invasion of Ukraine to intensify the hunt for new offshore and international sources. “Looking ahead expect to see

Halliburton introduces wellbore-positioning service to optimize drilling operations

September 18, 2023

World Oil (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 and reducing survey time. It enables proactive, real-time steering decisions to help avoid a reduction in the rate of penetration

Paradigm Drilling Services expands Mexican sales team to support new drilling tool development

August 8, 2023

World Oil (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 engineering experience in the drilling sector, Rocio will be responsible for solving clients drilling dysfunctions through the implementation of Paradigm

SLB beats profit forecast as offshore and international drilling rebounds

July 21, 2023

Oil Price 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 for the second quarter rose by 11% sequentially and by 7% year on year, to $0.72, beating the analyst consensus

Oilfield services giants signal weaker U.S. shale drilling

July 19, 2023

Oil Price 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 was more than offset by stronger international businesses at both companies. Halliburton (NYSE: HAL) reported adjusted net income for the

Baker Hughes Company announces second quarter 2023 results

July 19, 2023

Oil and Gas 360 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 year-over-year. Adjusted net income (a non-GAAP measure) attributable to Baker Hughes of $395 million for the quarter, up $281 million year-over-year.GAAP diluted earnings per share of $0.40 for the quarter. Adjusted diluted earnings per share (a non-GAAP measure) was $0.39 for

Ranger Energy Services to join the Russell 3000® Index

June 26, 2023

Oil and Gas 360 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 www.enercomdenver.com June 26, 2023- HOUSTON–(BUSINESS WIRE)– Ranger Energy Services, Inc. (“Ranger” or the “Company”) (NYSE: RNGR), a leading provider of well

Halliburton, Nabors to collaborate on automation, well construction, drilling technologies

June 19, 2023

World Oil (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 technologies, the LOGIX Autonomous Drilling Platform, and the Nabors SmartROS universal rig controls and automation platform and RigCLOUD high-performance digital

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