Oilfield services – Page 4

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

Patterson-UTI Energy and NexTier Oilfield Solutions to combine in merger of equals, creating industry leading drilling and completions services provider

June 15, 2023

Oil and Gas 360 Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders Combined $5.4 Billion Total Enterprise Value Drives Improved Free Cash Flow Generation and Strong Balance Sheet to Deliver Long Term Value to Shareholders, Including Continued Commitment to Shareholder Return Program Expected to be Accretive to Earnings per Share

Weatherford wins three-year drilling contract from Aramco

June 8, 2023

World Oil (WO) – Weatherford International plc has been awarded a three-year contract with Aramco to deliver drilling services. Under the contract, Weatherford will deploy its Drilling Services portfolio, which includes a suite of technology that combines world-class services, real-time information analysis, and innovative drilling tools to maximize efficiency in any environment. Deploying these services and technology offerings will add

Energy Workforce: U.S. oilfield employment increased to highest levels since March 2020

May 8, 2023

World Oil (WO) — Employment in the U.S. oilfield services and equipment sector increased by 5,143 jobs to its highest level since March of 2020 to reach 662,454 in April, according to preliminary data from the Bureau of Labor Statistics (BLS) after adjustments to March numbers and analysis by the Energy Workforce & Technology Council. March adjusted number of 657,311

Halliburton appoints new Eastern Hemisphere President

March 13, 2023

World Oil (WO) — Halliburton Company announced that Shannon Slocum, Senior Vice President, Global Business Development and Marketing, has been promoted to the role of President, Eastern Hemisphere, effective immediately. Joe Rainey, President, Eastern Hemisphere, is retiring and will serve as senior advisor to Chairman, President, and CEO Jeff Miller during the transition. “Shannon brings a track record of success

Baker Hughes, Amazon Web Services partner to develop automated field production solution for oil and gas industry

February 28, 2023

World Oil (WO) – Baker Hughes, an energy technology company, signed a strategic collaboration agreement with Amazon Web Services, Inc. (AWS) to develop, market and sell the cloud-based Leucipa automated field production solution. The initial phase of the solution was introduced at the 2023 Baker Hughes Annual Meeting. The collaboration leverages AWS services such as advanced analytics and Baker

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