Oilfield services – Page 3

SLB announces agreement to acquire majority ownership in Aker Carbon Capture

March 28, 2024

Oil and Gas 360 SLB and Aker Carbon Capture will combine technology portfolios, expertise and operations platforms to bring carbon capture solutions to market more quickly and more economically HOUSTON–(BUSINESS WIRE)–Mar. 27, 2024– Regulatory News: SLB (NYSE: SLB) today announced an agreement to combine its carbon capture business with Aker Carbon Capture (ACC) to support accelerated industrial decarbonization at scale. Bringing

World’s top oilfield services provider not leaving Russia

March 25, 2024

Oil Price 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, especially in the oil and gas industry, to withdraw from Russia after the invasion of Ukraine in February 2022. Many energy majors

Baker Hughes annual meeting: Simonelli sets agenda for “energizing change”

January 30, 2024

World Oil (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 “energizing change,” for both his company and the industry as a whole. “It all begins with people,” quipped Simonelli. “People first; people

Valero Energy reports 2023 fourth quarter and full year results

January 25, 2024

Oil and Gas 360 January 25, 2024 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 to Valero stockholders of $8.8 billion, or $24.90 per share, for the year Returned $1.3 billion to stockholders through dividends

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 25, 2024

Oil and Gas 360 January 24, 2024 DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today full year and fourth quarter 2023 financial and operational results. Summary Results and Highlights Revenue of $4.7 billion for the year ended December 31, 2023 Net income1 of $556 million, or $3.15 fully diluted earnings per share (“EPS”), for the year ended December 31, 2023, up

Halliburton announces fourth quarter 2023 results and increases dividend

January 23, 2024

Oil and Gas 360 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 from operations of $1.4 billion and free cash flow2 of $1.1 billion. 2024 first quarter dividend increases by $0.01 per share to $0.17 per share. HOUSTON–(BUSINESS WIRE)–Jan. 23, 2024– Halliburton Company (NYSE: HAL) announced today net income of $661 million,

Oilfield services giant SLB tops profit estimates amid overseas business strength

January 19, 2024

Investing Investing.com — Oilfield services giant SLB (NYSE:SLB) has reported fourth-quarter profit that topped analyst estimates and bumped up its dividend. Houston-based SLB posted a 21% jump in net income attributable to shareholders, excluding charges and credits, to $1.24 billion in the three months ended on Dec. 31. The total translated to diluted earnings per share of $0.86, above Bloomberg

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

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