A pullback in the Gulf of Mexico from exploration to development, as well as a dramatic decline in onshore activity, could push a recovery in North American activity to the end of the year or later, Schlumberger Ltd. CEO Paal Kibsgaard said Friday.
Activity
Articles from Activity
Rigs Falling Again, But Domestic Crude Production Decline? Wait For It…
The long-falling count of rigs pursuing U.S. crude oil, had slowed its pace a week ago but gathered speed again in the latest Baker Hughes Inc. census released Friday for the week ending May 29.
May 29, 2015
Rigs Falling Again, But Domestic Crude Production Decline? Wait For It…
The long-falling count of rigs pursuing U.S. crude oil, had slowed its pace a week ago but gathered speed again in the latest Baker Hughes Inc. census released Friday for the week ending May 29.
May 29, 2015
‘Cutthroat’ Times in Oil/Gas Patch as Rig Count Decline Slows
The pace of decline in the U.S. rig count has been slowing, and the latest figures from the Baker Hughes Inc. rig count support this. There has been plenty of pain in the U.S. onshore, and there's more to come, according to analysts at Raymond James & Associates Inc.
May 15, 2015
‘Cutthroat’ Times in Oil/Gas Patch as Rig Count Decline Slows
The pace of decline in the U.S. rig count has been slowing, and the latest figures from the Baker Hughes Inc. rig count support this. There has been plenty of pain in the U.S. onshore, and there’s more to come, according to analysts at Raymond James & Associates Inc.
May 15, 2015
Texas Quake Study Shakes Regulators to Action
A study linking seismic activity with oil/natural gas drilling activities got the attention of the newest commissioner on the Railroad Commission of Texas (RRC) on Thursday, and then his two colleagues jumped on the injection well-seismicity bandwagon Friday.
April 24, 2015
Basic Energy Facing ‘Fierce Rate Competition’ in Battle For Onshore Customers
Basic Energy Services Inc., which provides well site services across the U.S. onshore, is jockeying for business as vendors duke it out in an increasingly harsh market, CEO Roe Patterson said.
April 24, 2015
Texas Quake Study Shakes Loose Some Regulator Curiosity
A study linking seismic activity with oil/natural gas drilling activities got the attention of the newest commissioner on the Railroad Commission of Texas (RRC) on Thursday, and then his two colleagues jumped on the injection well-seismicity bandwagon Friday.
April 24, 2015
Basic Energy Facing ‘Fierce Rate Competition’ in Battle For Onshore Customers
Basic Energy Services Inc., which provides well site services across the U.S. onshore, is jockeying for business as vendors duke it out in an increasingly harsh market, CEO Roe Patterson said.
April 24, 2015
Baker Hughes Lays Off More People, Closes 140 Facilities Worldwide
Baker Hughes Inc. has laid off more people than anticipated and closed 140 facilities worldwide to cope with the downturn in oilfield services. "Unfavorable market conditions" are expected to persist, CEO Martin Craighead said Tuesday.
April 21, 2015
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